Research days are numbered. (Part 1)
Research days are numbered. (Part 1)
Research is a major cost center. It used to be coupled with marketing IB services. Yet the Research/IB relationship has been de-coupled. Mid-tier firms will find it difficult to sustain full coverage research teams. You’ll see the major firms enhance their research capabilities, while other firms sell-off. The true research team may wind up at the ratings houses (Moodys, S&P, D&B, Fitch) and market news/data companies (Bloomberg, Reuters/Thompson).
Prudential closes stock-research departmentPrudential Financial ended a 25-year run with involvement in the Wall Street securities business this week when it said it would shutter its well-known stock-research department. The insurance giant attributed the move to bigger rivals and lower stock-trading commissions.
Prudential closes research operationsBy Darla Mercado
June 6, 2007
Prudential Financial today announced that it would close its equity research and trading business business, Prudential Equity Group.The group will drop coverage of all the companies it covers and shut down offices across the globe causing some 420 employees to lose their jobs.
Prudential’s latest move marks its exit from the securities industry.
The insurance giant made its Wall Street debut in 1981, upon acquiring retail brokerage Bache Halsey Stuart Shields and forming Prudential-Bache Securities, according to Reuters.
Prudential had been losing ground, unable to keep up in the research and trading businesses, a Prudential spokeswoman told Reuters.
Just this March, Prudential lost analyst Michael Mayo and his research team to Deutsche Bank. Prudential started trimming costs in its trading business in 2003 with the sale of its retail brokerage and investment banking units to Wachovia, forming Wachovia Securities.
full articleequity research, research, IB, downsizing, hedge funds, independent research, company-funded researchLabels: company-funded research, downsizing, equity research, hedge funds, IB, independent research, research
Jobs: FIX Market Data Administrator Consultant
I currently have a long-term consulting position with an Investment Bank located in midtown, Manhattan. Please review the details below and let me know if you are available and interested. Also, please be sure to include your resume in word format and you rate requirements.
Major investment bank is looking for a consultant with excellent knowledge of market data products who will be essentially`cleaning up the inventory`. This position requires FIX knowledge. This position will require a lot of administrative work (Inputting, data,liaising with vendors, and data analysis etc..)
Claudia C. El AmraniInfinity Consulting Group,LLC
450 7th Avenue, 44thFloor
New York, NY 10123
Phone: 212-967-0300x0576
Fax: 212-967-2828
email:
celamrani@infinitygroup.comweb:
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QuantJobs.com: Jobs for quantitative and finance professionals
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Management Leadership for Tomorrow: Career Prep Programs
MLT Mission:Increase the presence of minorities in fast track entry-level jobs and major graduate business schools as preparation for leadership positions in corporations, non-profit organizations and entrepreneurial ventures.
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MBA Preparation for Professionals with an interest in pursuing an MBA
Career Preparation for Rising College Juniors with an interest in a career in business.
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Action Words & Phrases: Power Vocabulary
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Action Words & Phrases:
When constructing a CV or
completing an application form, it’s important to project a positive image of
yourself. The words and phrases you use can help to create this image.
Action Words:
These are some general examples
of positive "action/achieving" words to use when applying for jobs:
achieved
administered
analysed
built
capable
competent
communicated
consistent
controlled
co-ordinated |
created
designed
developed
directing
efficient
established
expanded
experience
guided
implemented |
improved
initiated
lead
managed
monitored
organised
participated
positive
processed
produced |
proficient
profitable
qualified
resourceful
specialised
successful
supervised
trained
versatile
willing |
Action Phrases:
 |
Analysed
problems and developed solutions |
|
Excellent
interpersonal and people management skills |
|
Able
to analyse and interpret data |
|
Able
to exercise good judgement and sound reasoning |
|
Good
interpersonal skills |
|
Able
to concentrate and pay attention to detail |
|
Can
work well on own initiative |
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A good communicator |
|
Experienced,
self motivated and energetic |
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Ability
to organise and motivate staff |
|
A good planner |
|
Careful
and methodical approach |
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Able
to work accurately under pressure |
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A good organiser with an eye for detail |
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A good team worker |
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Patient,
tolerant and able to communicate |
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A good listener with a common sense approach |
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Persuasive
but tactful |
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A flexible approach to changing situations |
|
A manager of change |
|
Determination
and drive to see projects to successful completion |
|
An
active decision maker |
|
An
effective time manager |
|
Highly
numerate and computer literate |
|
Adaptable
to team or individual roles |
|
Produces
to deadlines |
|
Extensive
visual memory |
Always remember
to give examples of what you have actually achieved, you must always justify
those bold claims of expertise. careers, HR, jobs, derivatives, electronic trading, trading, IB, investment banking, sales, risk management, quants, structured products, quantitative analysis, finance
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Jobs: TECH LEAD PROJECT PLANNER (Project Management)
TECH LEADS / PROJECT PLANNER
PROJECT RELATED COMPETENCIES
- Solution Development and Delivery
- Provides technical direction for the development, design, and systems integration for client engagement from definition phase through implementation.
- Applies significant knowledge of industry trends and developments to improve service to our clients.
- Reviews work of development team.
- Easily recognizes system deficiencies and implements effective solutions.
- Technical Effort Management
- Creates and executes development plans and revises as appropriate to meet changing needs and requirements.
- Keeps product sponsors / managers well informed of status of development effort and serves as liaison between development staff and project manager.
- Ensures technical teams are contributing to our code library.
- Owns the development lifecycle and is responsible for managing technical risks throughout the project.
- Communicates and enforces coding standards
- Performs code reviews and mentors junior developers.
- Manages technical resources within budget and project schedule.
- Consistently delivers high-quality services
CAREER PATH CORE COMPETENCIES
Technical Expertise
Understands complex database concepts and effectively employs different database design techniques.
Possesses demonstrated work experience with more than one relational database management system.
Understands the benefits of the various programming languages.
Possesses significant knowledge of client/server and internet systems architectures.
Understands browser / client specific compatibility issues.
Communication
Facilitates team meetings effectively.
Holds regular status meetings with development team.
Resolves and/or escalates issues in a timely fashion.
Understands how to communicate difficult/sensitive information tactfully.
PROFESSIONAL QUALITIES
Leadership
Challenges others to develop as leaders while serving as a role model.
Manages the development of team by ensuring that project tasks are in line with each Innovator's career interests when possible.
Inspires coworkers to attain goals and pursue excellence.
Identifies opportunities for improvement and makes constructive suggestions for change .
Manages the process of innovative change effectively.
Remains on the forefront of emerging industry practices.
Teamwork
Facilitates effective team interaction.
Acknowledges and appreciates each team member's contributions.
Effectively utilizes each team member to his/her fullest potential.
Keeps track of lessons learned and shares those lessons with team members.
ORGANIZATIONAL RESPONSIBILITIES
Innovator Development
Seeks and participates in personal development opportunities above and beyond training required by us.
Trains other innovators and open source developers through both formal and informal training programs.
Encourages more junior Innovators to take responsibility for their development within the company.
Challenges fellow innovators to progress toward their professional development goals.
Internal Operations
Suggests areas for improvement in internal processes along with possible solutions.
Complies with and helps to enforce standard policies and procedures.
For immediate consideration, please contact
jobs@catalystsolutionsllc.com.
Referred by: Victor Smith & Ronney John
careers, HR, jobs, derivatives, electronic trading, trading, IB, investment banking, sales, risk management, quants, structured products, quantitative analysis, finance, consultant, consulting, IT, technologyLabels: careers, derivatives, electronic trading, hr, IB, investment banking, jobs, quantitative analysis, quants, risk management, sales, structured products, trading
