Yes, still hiring. Two fresh grads with little experience, if any, required.

Same stringent requirement but needed somebody who can withstand some alcohol in the medium term as eventual development will require you to have constant meeting with fund managers to pitch ideas.

Market risk? Bright prospect with good pay as you gain experience but lower bonus as compared with IB, CF, ECM (random order).

At the bank I'm working at, the market risk setup is small (market risk monitoring & compliance section and market risk management section). They monitor the FX, IR, Bonds, Swaps, etc.

Are you from a Quant background? For risk modeling, banks would look for those with tertiary education in Math, Statistics, Financial Engineering, Quantitative Finance, etc., packed with programming knowledge like C++, Java, VBA.

That's good. It doesn't always have to be in ECM/CF, there's still DCM, Fixed Income Analysis. Everything is about valuation in CFA, the math level is not very high (no stochastic calculus or Ito's Lemma, PDEs) but the practical side of things is incorporated into the syllabus. If you want to have a chance to apply what you have learn about FE, best place is SG or HK.

Are you in consumer credit risk? Credit scorecard modeling?

Is cfa important to climb ladder?

I'm in Non-Traded Market Risk (Interest Rate Risk & Liquidity Risk Management, ICAAP, Basel III LCR & NSFR, Stress Testing, Scenario Analysis). If you've been there for a few years, apply for internal transfer to market or operational risk (if this practice is allowed). You're still young (I suppose) so move around and get more exposure. As you get more experience, your salary will move up, don't worry.

SG, HK, London markets are always hiring for Quants (though not on a wide scale) but you must remember, there are many FE grads out there (in SG alone, you have NUS, NTU, SMU), not to mention on the other side of the world, you have CMU, Baruch, Columbia, etc churning out Financial Engineers every year. I don' t know where you studied yours, so no offense intended.

FRM and PRM are good risk management qualifications IMO. FRM is more on the practical side (always up-to-date) while PRM is more math-based (but not hardcore level). I've done both, so that's telling from my experience. My current employer doesn't really recognize it (but my next one does ). The knowledge helps, though, that's how I'm able to move up so fast.

1.5 years is still okay, banks in SG pay high as well for people with credit risk experience. Don't give up, keep on applying.

My unit doesn't handle price risk (that's for the Traded Market Risk unit) and because of our lean structure, 1 person will be doing 4 people's work (Per hour pay still higher than McD's). Learning curve is steep but I enjoy it.

Wow, I see alot of risk people here.
Anyone doing credit risk?
Should share some exp here
I'm a credit risk analyst for large corp in a well known bank in SG.

I'm more into credit analysis where i evaluate the bank's clients business model, balance sheet, and cashflow using qualitative and quantitative methods to determine the credit worthiness of a customer and/or structure deals which mitigates the clients inherent credit risk.
It more fun than looking at risk models/KMV or VAR since i get to interact with clients and understand their business models.
I personally feel the structure and lending mechanism is more complex in corporate banking and needs much more analysis than consumer banking becuase you are dealing with conglomerates who have different businesses all ove the world.

y hijack my thread to discuss credit risk?

my thread is about investment banking hiring for fresh grads and interns

Haha.. Yeap.. I guess it didn't

Have to disagree.

My second ivy league intern just finished his tenure with us.

Like the previous guy, he was good at picking up new things and came in with very good attitude.

On top of that, he could survive in the extreme conditions that we are operating in.

Our interview process is designed to identify this type of candidates out of the many that we have seen. And for once, I am going to share on this.
What is our process?

Truth is we are most likely to have screened through 100 CVs - which i usually screen for 5 mins each and say keen (50) or not keen  (the other 50) - so don't be upset if I concluded in two words. We cannot afford to give detailed feedback and we don't owe you that.

And we will speak with 50 candidates for about 10 mins each. A lot of you have gone through that personally.

Then we move about 20 candidates that we would spend two hours each managing the process or interviewing or testing.

Of that, we may look at 10 final candidates and compare one to another (few more hours each). Once we are happy, we choose 1-3 people and show to the bosses and about 50% got an offer from there.

and if you do the maths, I spend 100 hours each time and my recruitment results has so far been very impressive in identifying the right candidates.
What is the drawbacks?

I tend to have 30% of candidates who cannot handle the rejection well or perhaps my non-sugar-coated way of saying no is too harsh.

I suggest whoever thinks they fit into this category please inform me of their preference for me to ignore him / her than saying no.
Atlantiz0 is based in KL or SG?

My opinion:

i) Don't expect your subordinate can perform job as you do..Some people need to adapt with the environment before they can start to perform
Don't work in investment bank then. The expectation is that you either have it in you when you join, or you learn darn fast. Hence the stringent selection bro.

ii) Only foreign Uni graduate? Local grads can't do any job?? I saw a lot of "Foregn Uni" grads unable to perform compared with the local grad. Mostly come-out from their uni with an egoism as a package but unable to perform and always ask question without effort to find answers by themselves.
I think it is not an absolute requirement to be foregin grads. I dont think the hiring team cares , given if you can perform well.

iii) 70 hours for 5 days a week (14 hours)..is that your minimum working hours? It is totally not worth even you pay them with 5k...as I mention, the new joiners need some time to adapt..but at the same time not to pampered them.
pretty normal hours I thought - have you heard how long the management consultants need to work?

iv) If you do want people to work that hard...why don't you take 2 person and pay them rm2.5k? Atleast if they can work 9 hours (normal working hour) daily, with 2 of them, you can get around 90 hours per week consistently. At the same time don't be too strict on the requirement.
you mean to say - we can replace one warren buffett with 100 snai85? Dont think so leh.

Thanks