There are just over three weeks until Chinese New Year. If you’re an investment banker in Asia with itchy feet, now is typically a time to meet recruiters and fine tune your resume – few actual vacancies are on offer because banks tend to open up headcount after the holidays (when more candidates hit the job market after pocketing their bonuses).
But although some global banks have no IBD or trading roles advertised in Hong Kong or Singapore this month, there are some exceptions. We’ve looked through the careers site of international investment banks to find front-office roles that you can apply for right now and steal a march on the competition.
Citi, managing director, investment banking, Hong Kong
This is the rarest of the rare in terms of vacancies: an MD-level front-office job, advertised before Chinese New Year. Citi doesn’t reveal the specific team this role is based in, but the job does involve “origination and structuring of complex debt, equity, capital restructurings”. To go for this position, you’ll need at least 10 years’ experience, a track record in “closing investment banking transactions” and a thorough understanding of capital advisory services and M&A. And the travel? You’ll be on the road 75% of the time.
UBS, investment banker, consumer product and retail, Singapore
Pre-CNY investment banking vacancies are even harder to find in Singapore – a comparatively small IBD market – than they are in Hong Kong. This one is an exception. Although advertised in Hong Kong, the position is “based in Singapore”, according to the UBS careers site, suggesting that you will be covering Southeast Asia. A job rank isn’t mentioned, although “several years of experience” are needed, so the role appears to be fairly senior. You’ll also need to be skilled in cross-border transactions, and performing financial and valuation analyses.
Goldman Sachs, vice president, investment banking division, healthcare, Hong Kong
China’s booming healthcare sector means global banks are staffing up to increase their healthcare coverage (JP Morgan appointed a new industry head just this week). Goldman Sachs, which topped Dealogic’s league table for APAC IB revenue in 2018, is no exception. This role, one of only two IB vacancies at the firm in Hong Kong, requires at least seven years of corporate finance experience, including “in-depth experience” in healthcare banking.
Credit Suisse, associate, investment banking and capital markets, corporate finance, Singapore
Tidjane Thiam may be prioritising private banking in Asia, but it is still (just) possible to apply for an investment banking position at the firm before CNY. You’ll be supporting the execution and solicitation of a “wide range” of corporate finance transactions across Southeast Asia, so you’ll need at least three years of experience in corporate finance, M&A or sector-team roles, as well as a good track record working on live transactions.
JP Morgan, analyst/associate, debt capital markets, Hong Kong
Sick of the bank you did your graduate training with? Here’s your chance to make the first job move of your career…and join JP Morgan. You’ll need to have studied at a “top tier” university and have an unspecified amount of experience (likely to be two to three years) in an investment banking front-office role. In this job you’ll “support seniors in debt capital deal origination and execution” and “coordinate external counterparties including lawyers, rating agencies and clients”.
Bank of America, associate, trader, global equities, Hong Kong
Trading jobs at bulge bracket banks are now thin on the ground following three years of ongoing redundancies in equities in Hong Kong – so expect competition for this position to be strong. You’ll only need one to three years of equity trading experience to apply for the role, which focuses on “trading and risk management of cash equity and derivatives across Asia Pacific markets”. A degree in statistics, mathematics, or engineering (or a related quantitative field) is a must.
Deutsche Bank, vice president, equities trader, Hong Kong
Deutsche may be better known of late for cutting jobs and (this week) for cutting bonuses, but it’s not adverse to some small-scale front-office hiring in Hong Kong in January. The German firm has opened up the vacancy because it wants to improve its APAC “short-financing absolute pnl”. To land this “senior SBL trading-oriented” role you’ll need experience in building, trading, and managing an APAC short-financing/SBL book, in particular within Greater China and Korea. Mandarin and/or Cantonese skills are required.
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