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Interview with Meny, Cleared Derivatives Projects at JP Morgan

Please provide an overview of your career to date at J.P. Morgan.

I joined JP Morgan from another investment bank in December 2010 as a member of a Level 1 Operate team within Technology. While the role was similar to the role I had just left, I was attracted to it as it involved working closer with the business with less of a requirement for development and coding which I was trying to move away from. The role allowed me to continue to leverage my technical skill set while providing an opportunity for me to learn more about products across a range of asset classes and the associated system flows for which we were responsible. I spent two and a half years in the role and towards the latter part of my time in the team I was consciously getting involved in work of a more strategic nature and project focus. I then made an internal move to join a Middle Office Project Management team which I am still in today.

Describe your previous role and what motivated you to look for another role.

I had moved into my first role at JPM with the intention of learning more about the products and associated system workflows within banking. I never saw my long term future as being in Technology for the simple reason that I did not enjoy the technically hands-on coding and development aspects of the function and so I was pleasantly surprised when seeing the variety and scope of roles available within Technology, many of which did not require this hands-on element. The scope of the role gave me an appreciation of the end-to-end flow from trade execution through to settlement, clearing and the post trade services we offer to our clients and it was while learning about these operational and functional processes which drive the business that I knew I wanted to move into a role where I could be more involved in those areas.

What “top tips” would you give to someone thinking of changing roles / moving locations?

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“To Bank or Not to Bank”, that is the question

For thousands of Finance, Economics & Business students out there, this is a no-brainer – “when I graduate I want to be an investment banker” must be the world`s most frequently expressed career ambition this decade, a bit different from my “I want to be a ballerina or a psychiatrist” indecision when I was growing up. With the economic crash and the fall of the Lehman Brothers in 2008, as well as with the media attention banking has received since – we`ve all seen the Wolf of Wall Street! – investment banking is becoming the holy grail of careers and the ultimate dream of most young Financiers.

Now, I know what you are thinking… I chose City & Cass precisely because it`s in the City of London therefore I want a career in the City… but take a look at these graduate career gems in Business/Finance that will make you question just how appealing those 24 hrs workdays at investment banks really are:

Wolf of Wall Street–          Lidl – yes, not the most attractive brand by student standards…. However, their Graduate Management Scheme pays a whopping £41,000 per year AND you get a car! And if that`s not enough to rock your boat, you will be given REAL responsibility from day one and will be dealing with everything from operations to people management Continue Reading

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Career Opportunity for working on financial projects with a human dimension

If you like working with figures and would like to work on financial projects with a human dimension, you might like the sound of the Society of London Treasurers Graduate Scheme.  This well-established programme also offers a good work-life balance including generous holidays. It is one of the few grad schemes that will also accept a 2:2 degree from any degree background  –  GCSE Englsih and Maths at grade C are also required. The scheme brings together around 17 local authorities and other public services annually to recruit and train around 40 graduates  a year who want to pursue a career in public finance. It’s all about putting talented graduates through a secure, four year  programme that will form the first part of their journey towards senior management. The scheme also now recruits grads to work in Nottinghamshire and Cambridgeshire.

Through rotations, trainees gain exposure to every  element of local government finance, whilst attached to a specific local  authority. The scheme has been carefully designed to maximise potential  with work varying from key corporate processes to advising senior management  and challenging project initiatives. Continue Reading

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A 2013 graduate and still looking for a finance or technology role with a global firm?

If you are than you really need to read this post. Here is prooof that the grad scheme door does not shut with the arrival of Santa on his sleigh. PwC have been in touch to draw your attention to their continued graduate vacancies for 2014, with start dates as soon as April! Here are the technology ones. Here are the finance ones.

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The Most Boring Graduate Career?

Insurance! The mere word makes students look at me in horror or disbelief when I mention it as a career pathway which offers  excellent career opportuities for graduates. But why? I suspect many wrongly think it’s about cold calling clients,  door to door selling of life or car insurance or processing boring paperwork.  Actually, just the opposite comes over when I meet trainees on graduate schemes such as Willis, Allianz, Lloyds of London, Hiscox  and  Zurich who describe their roles as interesting and challenging, with plenty of early responsibility. Insurance could be described as managing risk in a fast moving world, within the field of financial services. Within insurance there are opportunities for graduates of any discipline, but for some pathways a degree in business or numerical discipline is preferred. As well as specialist pathways in risk management, there are also pathways for graduates interested in a career as an acountant or as a technologist as well as general management.

The graduate scheme at Zurich clearly demonstrates the excellent opportunities on offer and I guarantee it will dispel some of the myths about insurance!http://www.zurich.co.uk/graduates/ourgraduateprogrammes/ourgraduateprogramme.htm For this prestigious scheme a 2:1 and 280 UCAS points are required. Continue Reading

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This January: start your career in Business/Finance

   Want to work in Business or Finance? Check out these incredible jobs below.

   The catch? Deadlines are this January, so apply now.

Internships & Placements

Start your career with a summer internship or a one-year placement in the industry, and get the experience that you need to make it big. Internships advertised on CareersHub will always cover at least the intern`s expenses and will not require you to work for more than 3 months on an unpaid basis – we believe employers should value you as an addition to their company! Placements will always be paid at least Minimum Wage and can vary from 6 months to 13 months in length – for more information about internships and placements, check http://targetjobs.co.uk/work-experience

Hot internships & placements in Business & Finance

GE Healthcare – Business Internship – apply by 31st January 2014

RBS – Summer internships in Finance (Markets, International Banking, Corporate Banking, and others) – apply by 31st January 2014

Microsoft – Finance internship – apply by 31st January 2014

National Grid – Finance placement year – apply by 31st January 2014

Mercedes-Benz – Business Operations placement – apply by 31st January 2014

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Could a career in Finance be for you?

A new myth-busting video “What is Finance?” could help you decide.

Although there is no shortage of City business grads going into careers in finance, every year arts, social science, engineering, informatics, law and health grads also chose to make their career in finance. You might be thinking “But do I need to be really good at Maths?” and the answer is “No, you don’t”. Only GCSE Maths grade B – C or above is expected for many roles.

The documentary style video film has 10 sections, so you can dip in and out, as you like.

If you like what you see and hear, Continue Reading