25-05-2013 11:09 AM |
Unregistered |
Quote:
Originally Posted by 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?
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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.
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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?
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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?
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23-05-2013 09:22 AM |
Unregistered |
Quote:
Originally Posted by 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.
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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?
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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.
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13-05-2013 11:03 AM |
Unregistered |
Quote:
Originally Posted by Donny
Yup, this is a little more accurate. Just curious, your bonus about half your annual?
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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.
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11-05-2013 02:52 PM |
Unregistered |
Quote:
Originally Posted by 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
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Never heard of any MD that is paid <500k base, bonus is definitely much higher than 35% also....
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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
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10-05-2013 05:23 PM |
Donny |
Quote:
Originally Posted by Unregistered
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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Yup, this is a little more accurate. Just curious, your bonus about half your annual?
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10-05-2013 04:06 PM |
Unregistered |
Quote:
Originally Posted by az69648
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.
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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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