NEWS

Depositary Market Update 2018

Depositary Depo Market Update

It’s an exciting time to be working in Depositary with US Bancorp moving from a depo light to a full depositary product offering and Credit Suisse re-entering the market.

Brexit is having a big impact with banks moving traditional London based roles like network management, due diligence & client service. On the back of the recent IDA Asset Management announcements depositary professional who possess excellent UCITS And AIFM regulatory knowledge could get the opportunity to move into investment compliance and product management.

Due to new entrants and increased activity the Senior Market has been very busy with US Bancorp recruiting a European head of depositary, Credit Suisse a Branch Manager, MUFG a GM for their Dublin Branch and JPM an Executive Director. Other Notable hires were SEI Investments recruiting at Manager level and SMT recruiting at AVP Level. Brown Brothers Harriman, Société Générale and Citco have been active recruiting at the analyst and senior associate level.

If you are a depositary professional and would be interested in gaining further market information, please call for a confidential discussion on 01 539 0611 or email mark@camden.ie.

5 Reasons to Use A Specialty Recruiter

5 Reasons to Use A Specialty Recruiter-1

Market Insight

Being a Specialty Funds Recruiter, we spend day in and day out engulfed in the Market. We continually meet with candidates and clients. By doing this we can give candidates more direct insight into the position, the team, and even the manager they will be meeting.

Connections

Arguably one of the most important thing a recruiter should have is connections. I have worked in the Fund Services industry for over four years. During this time, I have made extensive connections both here in Ireland and in the United States.

Exclusive Jobs

By having these various connections, it allows me to introduce candidate profiles to companies who have roles on that are not actively advertised. This adds an additional level to a candidate’s search. As a result it offers the candidate the opportunity to consider positions that are not openly available through regular sources.

5 Reasons to Use A Specialty Recruiter 1

Personal Touch

As a Specialty Funds Recruiter and someone who has previous funds experience, I am aware what is important to candidates in the market. I take the time to sit down with each candidate and learn exactly what their needs are. I cover everything from location, work/life balance, to salary expectation.

Salary and Benefits Negotiation

The ability to negotiate a salary is not an easy conversation to have. When a candidate tries to negotiate salary, the conversation can become stagnant and does not progress. I pride myself on the ability to have these tough conversations and have an extensive history of handling these tough negotiations.

Contact

If you are a fund service professional and would be interested in gaining further information about a move into a more end-to-end position, please call for a confidential discussion on 01 539 0612 or email dan@camden.ie.

The Importance of End to End Experience

The Importance of End to End Experience

When scanning through job descriptions you will consistently find the term “end to end”. What this means is the employer is looking for someone who has experience working from start-to-finish and not just the bits and pieces of the job in between.

Within the Funds industry, each department has a specific process to complete their daily, monthly, quarterly, and annual work. Each company is different, but the process is the same in each department including NAV, Transfer Agency, Audit, Financial Reporting, and Trade Support.

We always encourage someone coming from a functionalized environment to make a move into a position that offers full end-to-end training. The ability to gain the full end-to-end experience in a position is one of the most valuable moves you can make to further your career.

If you are a fund service professional and would be interested in gaining further information about a move into a more end-to-end position, please call for a confidential discussion on 01 539 0612 or email dan@camden.ie.

How to get a job in Data Science

Data Science jobs are some of the best-paid jobs across all the major industries.

There is a shortfall of the highly skilled individuals needed to fill big data analytics jobs in Ireland, and organisations are scrambling over each other to recruit emerging and experienced talent. An organisation cannot hire an individual as a data scientist unless they have a certain skill set and academic or industry experience. And, this is what makes the broad arena of data science highly competitive.

But that said, a data scientist can emerge from just about any field in the industry. Most data scientists will tell you that it’s misleading to describe big data in terms of a set of technologies or programming languages that can be mastered. The common theme that runs through all data science careers is the need for data-savvy individuals who can draw insights and answer complex business questions from the vast amounts of data being collected in today’s modern organisation.

So, you like the sound of data science as a career. Well, below are some steps you can take to increase your chances of landing a job in one of the most lucrative, interesting and hyper-growth areas the world has seen.

Statistics:

There are three types of lies – “lies, damn lies, and statistics.” Most people have an opinion when it comes to statistics. Some love them, some hate them, but when it comes to data science everyone needs at least some formal training in statistical analysis. Degrees with some statistical component are highly valued, such as science or mathematics. So, if you have a knack for math or science, why not look at studying pure maths or stats or computer science or psychology in your undergraduate degree.

Psychology undergraduates are some of the most prized candidates for data science, due to their strong combination of statistical knowledge and interpersonal skills. A data scientist must integrate with a lot of different departments and must communicate information to important decision makers and c-level executives. They must make the data tell a story and answer vitally important questions that can result in a positive shift to a organisations bottom line.

How to get a job in Data Science? | Camden Financial Services Recruitment

 Don’t stop at an Undergraduate, get a Masters or a PhD:

This isn’t a cheap option but will put you ahead in the Data Science job market. Enrolment in Data Science / Data Analytics courses are doubling every year around the world, and graduates of these programmes are sometimes being offered multiple jobs upon graduation. However, beware, and make sure that you are not signing up for a course that is not reputable. Try and stick to the major Irish universities and the Institutes and Technology. They offer masters that are thought by industry leaders and if you feel you have a PhD in you then these universities and IT’s can provide you with a pathway of study, so you can replace your Mr. Mrs. or Miss with Dr.

Kaggle, Network and Get Help:

If you want to be a data scientist or a machine learning expert, you must be on Kaggle.com – look at the User Ranking – Gilberto Titericz Junior is number one. That means that he is the number one Data Scientist in the world. He was snapped up by Airbnb. Do not underestimate the power of Kaggle.com

Network. Get yourself on MeetUp.com and join all the data science and machine learning and AI meetups you can get to. You never know, a fellow Data Scientist you meet here could be the hiring manager for the very company you want to work for.

Get Help: Here at Camden we specialise in all thing technology and data science. If you are coming out of college and want land your first data science job, or if you are an experienced data expert who is looking for a new challenge pick up the phone and give us a call.

 

What is Middle Office?

What is Middle Office?

Whilst middle office is widely accepted to be the function of investment banking or funds management that manages the link between front and back there is divided opinion as to its place in overall operations. Is it more closely aligned with front or back? And what is its main purpose? It is a grey area with constantly changing boundaries.

If you look at more mature “front office” markets such as London, New York & Hong Kong, it is commonly accepted that risk management and technology forms part of the overall middle office function. In Ireland, Middle Office can generally be considered an oversight or support function to these “front office” markets. The key  functions include Investment Operations, Trade Support & Processing, Settlements & Treasury Operations and work across Derivatives, Futures & Options, Equities, Fixed Income and FX.

There is a common trend for investment managers to outsource operations and risk functions to third-party providers and focus on revenue-generating activities. On the back of this, fund service providers have increased their middle office product offering and have been successful in developing fund oversight, risk, regulatory and client reporting products to investment managers. This has provided excellent opportunities for people with strong skills in middle office, funds, risk and client management along with excellent exposure to asset classes such as Derivatives, Equities and Fixed Income.

This area will continue to expand and with the integration and advancement of technology and data-driven activity, we will see quite a varying degree of middle office functions move from those more traditional jobs to more technology driven jobs.

If you are a middle office or funds professional looking for new and exciting opportunities within please get in touch for a confidential discussion on 01 539 0610 or email stephen@camden.ie.