Looking back at 2016 already? Maybe you shouldn't wind down just yet. While investment banks ended 2015 looking to cut costs and reduce headcount, there are still jobs cropping up in the front office in the build up to Christmas this year. What's more, in most cases they're closing to applications in the first few weeks of January. Put down the mince pie and spruce up your CV.
As we’ve mentioned numerous times, if there’s one place to work in Goldman Sachs, it’s within its vast and sprawling strats group, which houses highly quantitative people who straddle both software development and financial modelling. This role sits within its credit trading group in London and is at the junior end of the hierarchy. It requires an understanding of machine learning, stochastic calculus and financial derivatives.
2016 has not been a good year for equity capital markets bankers, nor has hit been particularly favourable for mid-ranking investment bankers. Nonetheless, of the two current London vacancies in Citi’s investment bank, one is for a VP in equity capital markets syndicate to execute deals. Prior execution experience is required.
Most banks have been hiring senior TMT investment bankers this year as technology remained the biggest sector for M&A with $605bn worth of deals this year, according to Dealogic. J.P. Morgan is looking for an analyst – ideally with TMT experience – as 2016 draws to a close. Other M&A or leveraged finance experience is also OK.
Again, quants are required in investment banking. Morgan Stanley is looking for a junior with an advanced maths or physics degree to develop tools and analytics for the strats desk and help sales and traders understand the market. You need an understanding of derivatives in at least one asset class as well as programming skills in either C++ , Java or Scala.
Technology is one of the areas that continues to slip through Deutsche Bank’s hiring freeze and it’s currently looking for a senior role. A programme manager overseeing the changes across the bank’s trading platforms, this is not a job for the faint-hearted. Deutsche is making both huge rationalisation to its tech infrastructure and overhauling its risk and pricing systems.
BAML is hiring for sales in electronic trading and wants someone who can turn their hand to a diverse range of products across various divisions, but primarily equities. They will be working with algo trading, prime brokerage, Delta 1 and swaps as part of the role. You’ll need to be able to manage existing relationships and bring in new business.
Jefferies has been one of a handful of investment banks hiring research analysts at both the senior and junior ranks this year. Right now, it's looking for an associate researcher to join its European industrials team to support the senior analyst on the team. A completed CFA charterholder is required along with experience in research at either a fund manager or investment bank.
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