JR8 wrote:
Thanks for that. That job-spec struck me as being a typical 'Operations Clerk'. I don't see much that's 'analyst' about the role.
i think its a wise decision that you made in the end.Wd40 wrote:Thanks. Finished the interview. The interviewer was going crazy and trying to find out what is the reason I want to join back office operations and leaving IT job
She explained that the role is totally world apart from what I have been doing and that although its not rocket science and can be learnt, she mentioned how fast pace it is and comparison of trade data and reconciliation etc.
While speaking with her, I had more or less made up my mind not to take up the opportunity even if I am selected, which is unlikely, given that even after the interview she would be nodding her head in disbelief that I really want to get that job
Operations and graduates? I can't say I've ever met anyone who works in Ops who is a graduate (except one guy who was head of Ops for my ex-bank in Europe).freeman.vu wrote:I think junior positions in banks (fresh graduate, mid-entry etc.) will start with something + 'analyst'
Sure you have much more experiences here to, but afaik some of my peers were selected for graduation program at SCB, one of them I know got into Operation division. The program comprises of few rotations from trade operations to securities services. So right out of colleges, graduates can work in a capacity of 'operation analyst', but perhaps there are different levels of analyst here which I don't know.JR8 wrote: Operations and graduates? I can't say I've ever met anyone who works in Ops who is a graduate (except one guy who was head of Ops for my ex-bank in Europe).
Ops requires 'street-smarts', hard work, tenacity, a drive. The last thing it needs is some up-himself fresh grad who believes the world now owes him an easy job and a good living.
Just my 2c and experience.
Grad programmes like you describe seem to rotate new hires, to give them a bit of background knowledge of multiple areas. It gives the new hires useful background, and allows them and the employer to decide on a 'best fit' role.freeman.vu wrote: Sure you have much more experiences here to, but afaik some of my peers were selected for graduation program at SCB, one of them I know got into Operation division. The program comprises of few rotations from trade operations to securities services. So right out of colleges, graduates can work in a capacity of 'operation analyst', but perhaps there are different levels of analyst here which I don't know.
Also, I somehow understand your definition of Ops like those who communicate directly with traders, point out why their positions are that much, where in the reports their risk exposure go wrong and etc. am I right? If that, I think we are talking about one title but under different divisions here.
JR8 wrote: I think there is some confusion and you're describing some form of hybrid between Ops and Finance. Do note of course that different companies operate in different ways, bit IME, and in general:
- Ops focus on settling trades, borrow stock to cover short positions, and so on.
- Finance focuses on daily (and periodic) P+L, regulatory reporting, risk reporting, production of management and statutory accounts.
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