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25-05-2013 11:09 AM
Unregistered
Quote:
Originally Posted by happyman View Post
I am holding a private engineering degree .. do i stand any chance of going risk management for foreign bank ?.. i dun mind start off with contract based and a 2k plus salary for a head start. any constructive advises?
Seriously, not a single chance.
There are too many talents on the street with degrees and masters.
IB are down sizing and woul suggest you have a related degrees to play on a common ground.
24-05-2013 12:22 AM
happyman I am holding a private engineering degree .. do i stand any chance of going risk management for foreign bank ?.. i dun mind start off with contract based and a 2k plus salary for a head start. any constructive advises?
23-05-2013 08:30 PM
happyman I am holding a private engineering degree .. do i stand any chance of going risk management for foreign bank ?.. i dun mind start off with contract based and a 2k plus salary for a head start. any constructive advises?
23-05-2013 09:22 AM
Unregistered
Quote:
Originally Posted by az69648 View Post
Dear All,

Thanks for kind replies. I graduated with 1st class in UOL, therefore started off in compliance and then made the switch to FI Credit. Drawing high 4 range which I find I'm quite underpaid for this role, though I understand getting promoted and rising internally doesn't guarantee a huge pay rise. Furthermore, its a small foreign bank.

What I do is to provide inputs on CSA as credit enhancements, FI Credit Reviews for Treasury Limits, tracking PFE for different product lines and also VaR and stress tests for different shock scenarios.
I have always found FI credit to be quite niched somehow I think corporate credit has better prospects / opportunities. Or switch to be a FI RM instead?
22-05-2013 08:36 PM
az69648 Dear All,

Thanks for kind replies. I graduated with 1st class in UOL, therefore started off in compliance and then made the switch to FI Credit. Drawing high 4 range which I find I'm quite underpaid for this role, though I understand getting promoted and rising internally doesn't guarantee a huge pay rise. Furthermore, its a small foreign bank.

What I do is to provide inputs on CSA as credit enhancements, FI Credit Reviews for Treasury Limits, tracking PFE for different product lines and also VaR and stress tests for different shock scenarios.
13-05-2013 11:03 AM
Unregistered
Quote:
Originally Posted by Donny View Post
Yup, this is a little more accurate. Just curious, your bonus about half your annual?
ermmmm no my bonus is quite bad, maybe around 12.5% my annual ( like 1 month - 1.5 months).

For a trade-off I usually get to leave work before 6 (official knock-off: 5.30). Not many banks let you go back so early.
11-05-2013 02:52 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
@ tier-1 bank, risk manager (with decision-making responsibility on bank risk limits + regulatory inflencing skills)
VP level - min 200k base, 20% bonus
ED level - min 250k base, 25% bonus
MD level -min 350k base, 35% bonus
Never heard of any MD that is paid <500k base, bonus is definitely much higher than 35% also....
11-05-2013 10:29 AM
Unregistered @ tier-1 bank, risk manager (with decision-making responsibility on bank risk limits + regulatory inflencing skills)
VP level - min 200k base, 20% bonus
ED level - min 250k base, 25% bonus
MD level -min 350k base, 35% bonus
10-05-2013 05:23 PM
Donny
Quote:
Originally Posted by Unregistered View Post
Ohhhh you are doing FI credit risk. And how much are you drawing now? Jumping to another bank's FI credit prolly maybe 10-20% increment ba depending on whether you are drawing below market or market rate now.

I am doing corporate credit risk, 1.5 years exp in back office ops, 2 years RM exp, 4.5 years credit exp. annual is ~ 76k excluding bonuses.
Yup, this is a little more accurate. Just curious, your bonus about half your annual?
10-05-2013 04:06 PM
Unregistered
Quote:
Originally Posted by az69648 View Post
Hi All,

Would there be anyone be kind to advise me on this?

Total 3 years working experience. 1 year in compliance, 2 years in risk management. I'm supporting the treasury division on Financial Institution Credit Risk & Counterparty Credit Risk. I'm also a Chartered FRM.

How much would I be drawing if I jump to my next job, similar scope and function?

Thanks in advance.
Ohhhh you are doing FI credit risk. And how much are you drawing now? Jumping to another bank's FI credit prolly maybe 10-20% increment ba depending on whether you are drawing below market or market rate now.

I am doing corporate credit risk, 1.5 years exp in back office ops, 2 years RM exp, 4.5 years credit exp. annual is ~ 76k excluding bonuses.
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