Joslin Rowe reports Corporate Action Jobs Are This Years Derivatives
on: July 22, 2008, 7:40 am
Release Author: Joslin
Release Summary: Joslin Rowe states that banks are still recruiting
in high volumes for corporate actions professionals despite wider
recruitment doom and gloom
Release Body: According to the latest Joslin Rowe research, pockets
of high volume banking operations recruitment still exist within
the City, despite wider doom and gloom. Jobs in corporate actions,
in particular, are booming - similar to the demand for derivatives
professionals in 2007.
Eshelby, a senior consultant in Joslin Rowe's
jobs division, stated: "The number of corporate actions
jobs has actually increased on last year's levels. This is unusual
because the slower market has generally meant reductions in job
volumes across the operations world. The demand has been fuelled
by the nature of the corporate action jobs themselves. Roles within
corporate actions have become increasingly intricate in recent
years as products have increased in complexity. There is a real
to Joslin Rowe research, the evolution of corporate
action jobs has meant a shift away from process orientated
roles to more client service focused and project based positions
with a real requirement for supervisory and managerial skills.
has had a knock on effect on the calibre of operations professionals
that hiring banks will consider," warned Eshelby. "Most
action job specs are calling for the very best of the best
- although because of the severe skills shortage, banks are open
to interviewing candidates from asset managers and custodians.
Some banks are even turning to the EU, in particular Dublin, Belgium
and Luxembourg as a possible pipeline of talent."
have been affected positively as client requirements drive corporate
action salaries up. Job seekers moving from outside the investment
banking sector are enjoying strong pay increases, whilst those
moving around from bank to bank are also being competitively rewarded.
points to excellent career progression as the investment banks
compete to get the best corporate action people on board. "We're
seeing lots of interesting opportunities in the market at the
moment with the chance to move into prime brokerage, securities
lending and even middle office. Banks are also trying to improve
work life balance within this area – with some incidences
of unofficial rotas to allow earlier finishes/later starts."
Notes to Editors
About Joslin Rowe
Established in 1982, Joslin
Rowe is one of the leading UK financial services
recruitment firms in the UK and Ireland. In April 2006, international
staffing services company Vedior (headquartered in Amsterdam,
the Netherlands) raised its stake in Joslin Rowe's parent company,
The Blomfield Group, from 18% to 70%. Joslin Rowe
recruits for banking HR jobs across London, Edinburgh and Glasgow
including long-term contracts, temporary and permanent roles.
Details: Belinda Walmsley
Bell Court House
11 Blomfield Street
+44 7789 682 754