Anyone work in JPM/GS/Morgan Stanley back office before? - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Anyone work in JPM/GS/Morgan Stanley back office before?

Reply
 
Thread Tools
  #1 (permalink)  
Old 19-05-2021, 03:31 PM
Junior Member
 
Join Date: May 2021
Posts: 8
Hardworking is on a distinguished road
Default Anyone work in JPM/GS/Morgan Stanley back office before?

how is it like working as a controller?

https://www.mycareersfuture.gov.sg/j...commendedJobJD

https://www.mycareersfuture.gov.sg/j...b0b558cfaa5547

https://www.mycareersfuture.gov.sg/j...f9aebb40895602

Reply With Quote
  #2 (permalink)  
Old 19-05-2021, 03:46 PM
Unregistered
Guest
 
Posts: n/a
Default

What’s your BG and how many YOE do you have?



Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #3 (permalink)  
Old 26-05-2021, 01:12 PM
Senior Member
 
Join Date: Dec 2017
Posts: 85
PleaseGPGT is on a distinguished road
Default

is this considered middle office or back office role?

Reply With Quote
  #4 (permalink)  
Old 27-05-2021, 01:25 AM
Unregistered
Guest
 
Posts: n/a
Default

Hi have worked/am working in some of these banks before, and in some of these functions as well (ambiguity for anonymity sake). The BBs dont generally distinguish between BO and MO. They are just "not FO". Having said, these are accounting related roles, hence sitting in finance. Two of the largest groups within finance are legal entity controllership ( where u look after the pnl/balance sheet of an entity, make sure it is properly funded, or that it fulfils regulatory capital requirements etc. The other major group is product controllership, where u talk to traders and make sure their desk pnl/risk is booked properly.

The roles you have shown are generally the first (entity controllership). They tend to like hiring auditors types, although there are many who are not as well. But all roles will require accounting knowledge.
Reply With Quote
  #5 (permalink)  
Old 27-05-2021, 02:13 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hi have worked/am working in some of these banks before, and in some of these functions as well (ambiguity for anonymity sake). The BBs dont generally distinguish between BO and MO. They are just "not FO". Having said, these are accounting related roles, hence sitting in finance. Two of the largest groups within finance are legal entity controllership ( where u look after the pnl/balance sheet of an entity, make sure it is properly funded, or that it fulfils regulatory capital requirements etc. The other major group is product controllership, where u talk to traders and make sure their desk pnl/risk is booked properly.

The roles you have shown are generally the first (entity controllership). They tend to like hiring auditors types, although there are many who are not as well. But all roles will require accounting knowledge.
Not entirely true that there is no distinction. There are actually roles named XYZ MO (e.g. Trade Support/Client Services/Risk etc.) in top BBs. They are the ones sitting closest to the trading floor & typically have some form of communication with the clients (although not as much as the FO guys ofc).
Reply With Quote
  #6 (permalink)  
Old 27-05-2021, 02:14 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hi have worked/am working in some of these banks before, and in some of these functions as well (ambiguity for anonymity sake). The BBs dont generally distinguish between BO and MO. They are just "not FO". Having said, these are accounting related roles, hence sitting in finance. Two of the largest groups within finance are legal entity controllership ( where u look after the pnl/balance sheet of an entity, make sure it is properly funded, or that it fulfils regulatory capital requirements etc. The other major group is product controllership, where u talk to traders and make sure their desk pnl/risk is booked properly.

The roles you have shown are generally the first (entity controllership). They tend to like hiring auditors types, although there are many who are not as well. But all roles will require accounting knowledge.
Not entirely true that there is no distinction. There are actually roles named XYZ MO (e.g. Trade Support/Client Services/Risk etc.) in top BBs. They are the ones sitting closest to the trading floor & typically have some form of communication with the clients (although not as much as the FO guys ofc)
Reply With Quote

  #7 (permalink)  
Old 27-05-2021, 02:14 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hi have worked/am working in some of these banks before, and in some of these functions as well (ambiguity for anonymity sake). The BBs dont generally distinguish between BO and MO. They are just "not FO". Having said, these are accounting related roles, hence sitting in finance. Two of the largest groups within finance are legal entity controllership ( where u look after the pnl/balance sheet of an entity, make sure it is properly funded, or that it fulfils regulatory capital requirements etc. The other major group is product controllership, where u talk to traders and make sure their desk pnl/risk is booked properly.

The roles you have shown are generally the first (entity controllership). They tend to like hiring auditors types, although there are many who are not as well. But all roles will require accounting knowledge.
Not entirely true that there is no distinction. There are actually roles named XYZ MO (e.g. Trade Support/Client Services/Risk etc.) in top BBs. They are the ones sitting closest to the trading floor & typically have some form of communication with the clients (although not as much as the FO guys of course)
Reply With Quote
  #8 (permalink)  
Old 27-05-2021, 03:57 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hi have worked/am working in some of these banks before, and in some of these functions as well (ambiguity for anonymity sake). The BBs dont generally distinguish between BO and MO. They are just "not FO". Having said, these are accounting related roles, hence sitting in finance. Two of the largest groups within finance are legal entity controllership ( where u look after the pnl/balance sheet of an entity, make sure it is properly funded, or that it fulfils regulatory capital requirements etc. The other major group is product controllership, where u talk to traders and make sure their desk pnl/risk is booked properly.

The roles you have shown are generally the first (entity controllership). They tend to like hiring auditors types, although there are many who are not as well. But all roles will require accounting knowledge.
They do actually. Some roles in top BBs are actually named XYZ MO (Middle Office). Think of trade support, risk, client services etc.
Reply With Quote
  #9 (permalink)  
Old 27-05-2021, 04:48 PM
Unregistered
Guest
 
Posts: n/a
Default

The term "Middle Office" in BBs is a functional/team thing -> Strictly, it refers to the team that supports trading desks by booking trades, either on the street side or client side.

In other words, it is a matter of nomenclature for that one team. But as long as you do not generate revenue or bring in clients, you are "not FO". The traders/sales/bankers don't see a difference in MO/BO, neither does the company nor the employees in "MO/BO". The distinguishment doesn't make sense, especially in an investment bank, because you have scenarios where what you call as "traditional" BO teams, speaking to FO/clients, and what you call "MO" teams, that don't.
Reply With Quote
  #10 (permalink)  
Old 27-05-2021, 04:59 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
The term "Middle Office" in BBs is a functional/team thing -> Strictly, it refers to the team that supports trading desks by booking trades, either on the street side or client side.

In other words, it is a matter of nomenclature for that one team. But as long as you do not generate revenue or bring in clients, you are "not FO". The traders/sales/bankers don't see a difference in MO/BO, neither does the company nor the employees in "MO/BO". The distinguishment doesn't make sense, especially in an investment bank, because you have scenarios where what you call as "traditional" BO teams, speaking to FO/clients, and what you call "MO" teams, that don't.
Agreed - either your revenue-generating or you're not. That's all.
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Banking - Back Office fishball Income and Jobs 239 20-09-2021 10:22 PM
Standard Chartered Bank Back Office brandon Income and Jobs 51 26-01-2021 08:09 PM
jump from back office to front office graduation bear Income and Jobs 43 01-12-2016 08:12 PM
Salary for Research Analyst at Morgan Stanley / Detuche Bank? jjason Income and Jobs 3 04-10-2015 04:43 PM
Big 4 back-office rank & salary structure adclicko1 Income and Jobs 1 30-08-2015 11:47 AM

» 30 Recent Threads
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
8,189 Replies, 2,401,412 Views
Micron starting pay ( 1 2 3... Last Page)
430 Replies, 160,025 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,601 Replies, 2,022,177 Views
Lawyer Salary ( 1 2 3... Last Page)
17,130 Replies, 6,430,373 Views
ST Electronics ( 1 2 3... Last Page)
2,791 Replies, 844,648 Views
DBS tech seed programme ( 1 2 3... Last Page)
2,138 Replies, 564,060 Views
How is life as a doctor in... ( 1 2 3... Last Page)
3,970 Replies, 1,920,249 Views
Engineer Pay ( 1 2 3... Last Page)
454 Replies, 240,328 Views
Compare civil service salary ( 1 2 3... Last Page)
14,217 Replies, 8,903,382 Views
High Finance Thread ( 1 2 3... Last Page)
1,128 Replies, 253,173 Views
Roles in accenture singapore ( 1 2 3... Last Page)
4,755 Replies, 956,024 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
501 Replies, 140,505 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
4,060 Replies, 2,930,333 Views
Official 2022 Retrechment thread ( 1 2 3... Last Page)
76 Replies, 7,677 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,613 Replies, 3,093,118 Views
Career as Teacher ( 1 2 3... Last Page)
5,616 Replies, 3,495,684 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
230 Replies, 251,570 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
957 Replies, 629,993 Views
Singtel Management Associate... ( 1 2 3... Last Page)
1,133 Replies, 296,992 Views
GovTech ( 1 2 3... Last Page)
3,172 Replies, 853,298 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,300 Replies, 707,531 Views
ByteDance / TikTok ( 1 2)
17 Replies, 3,859 Views
2022 Full time/Summer internship... ( 1 2)
16 Replies, 2,308 Views
Open Government Products (under...
9 Replies, 964 Views
Want to Save More Money? Our Free...
6 Replies, 8,487 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,379 Replies, 2,296,506 Views
Work culture in IHiS ( 1 2 3... Last Page)
331 Replies, 222,608 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
91 Replies, 131,064 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,155 Replies, 517,594 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
3,279 Replies, 1,496,649 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 09:33 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2