• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Banking Boomed

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    #21
    Originally posted by Fronttoback View Post
    I find accountability is much lower in retail. When things go wrong nobody gets shot. In IB if you mess things up you are sidelined quickly because money is lost sooner. It's more a survival of the fittest environment whereas in retail they will bear with it and nobody gets punished. It's a 30 year career environment rather than "10 years and retire" environment of IB.

    I have come across a number of psychopaths in IBs, I don't think that is an exaggeration. In retail they don't get away with it.

    Lot more outsourcing in retail banks and that is reflected in the personnel you deal with.

    What tech are you referring to? Middleware or user apps?
    Its funny at the moment, as the lack of accountability where I am is actually quite shocking.
    Also, mega offshoring - my floors almost empty.

    Quite often its actually me doing the "shouty" bit
    However, I'm not working with the FO this time around

    DW and Enterprise Reporting.
    Boring, but has kept me contracting for around 17 years, now.
    The Chunt of Chunts.

    Comment


      #22
      Originally posted by MrMarkyMark View Post
      Its funny at the moment, as the lack of accountability where I am is actually quite shocking.
      Also, mega offshoring - my floors almost empty.

      Quite often its actually me doing the "shouty" bit
      However, I'm not working with the FO this time around

      DW and Enterprise Reporting.
      Boring, but has kept me contracting for around 17 years, now.
      Great to hear different perspectives.

      Reporting is keeping a lot of banking contractors employed these days.

      I'm an independent consultant on one of the big trading platforms you probably source data from. Kept me gigging for over a decade.

      You didn't work at Bearings Bank before it went down did you?

      Comment


        #23
        Cheers folks, looks like I should be OK.

        @Mordac

        It's not an agency in the traditional pimp sense, they help companies with regulatory issues and so they put their staff on the clients floor. My interview was with one of their senior technical guys and a HR person.

        @chopper

        Sorry I've had the interview and accepted over phone.

        @MrMarkyMark

        I've worked for a public sector client, so I've worked with incompetent winkers, so I'd imagine RB are one level above these.
        Originally posted by Nigel Farage MEP - 2016-06-24 04:00:00
        "I hope this victory brings down this failed project and leads us to a Europe of sovereign nation states, trading together, being friends together, cooperating together, and let's get rid of the flag, the anthem, Brussels, and all that has gone wrong."

        Comment


          #24
          Originally posted by rl4engc View Post
          Cheers folks, looks like I should be OK.

          @Mordac

          It's not an agency in the traditional pimp sense, they help companies with regulatory issues and so they put their staff on the clients floor. My interview was with one of their senior technical guys and a HR person.

          @chopper

          Sorry I've had the interview and accepted over phone.

          @MrMarkyMark

          I've worked for a public sector client, so I've worked with incompetent winkers, so I'd imagine RB are one level above these.
          What about me?

          Comment


            #25
            Originally posted by rl4engc View Post
            Cheers folks, looks like I should be OK.

            @Mordac

            It's not an agency in the traditional pimp sense, they help companies with regulatory issues and so they put their staff on the clients floor. My interview was with one of their senior technical guys and a HR person.

            @chopper

            Sorry I've had the interview and accepted over phone.

            @MrMarkyMark

            I've worked for a public sector client, so I've worked with incompetent winkers, so I'd imagine RB are one level above these.
            But only just...
            His heart is in the right place - shame we can't say the same about his brain...

            Comment


              #26
              Originally posted by Fronttoback View Post
              Great to hear different perspectives.

              Reporting is keeping a lot of banking contractors employed these days.

              I'm an independent consultant on one of the big trading platforms you probably source data from. Kept me gigging for over a decade.

              You didn't work at Bearings Bank before it went down did you?
              Indeed it is.

              Good for you. Repeat business is the way forward, I have had around 5 years in total from this current one.

              Nope, that was prior to me being recommended into the wonderful world of IB. I did know a couple that were when the cluster feck hit



              I would suggest it is more than likely we source data from you
              The Chunt of Chunts.

              Comment


                #27
                Originally posted by Fronttoback View Post
                I find accountability is much lower in retail. When things go wrong nobody gets shot. In IB if you mess things up you are sidelined quickly because money is lost sooner. It's more a survival of the fittest environment whereas in retail they will bear with it and nobody gets punished. It's a 30 year career environment rather than "10 years and retire" environment of IB.

                I have come across a number of psychopaths in IBs, I don't think that is an exaggeration. In retail they don't get away with it.

                Lot more outsourcing in retail banks and that is reflected in the personnel you deal with.

                What tech are you referring to? Middleware or user apps?
                I've only ever worked in one bank, a number of times and in a global non banking function. The tech is old (although SQL 2012 at present) and everything takes an age.

                Comment


                  #28
                  What to expect in banking you say?
                  • Being treated like you're a curse by permie management.
                  • Always being surrounded by the threat of offshoring.
                  • Rate cuts every few months.
                  • Having to work with tw@ts in IBs.
                  • A good drinking culture in the City if you're up for it.

                  Comment


                    #29
                    I'd add that in IBs you can sometimes get to work with some very bright people. They pay top $ to try to attract the best and the brightest. They occasionally succeed.

                    Comment


                      #30
                      Originally posted by ChimpMaster View Post
                      What to expect in banking you say?
                      • Being treated like you're a curse by permie management.
                      • Always being surrounded by the threat of offshoring.
                      • Rate cuts every few months.
                      • Having to work with tw@ts in IBs.
                      • A good drinking culture in the City if you're up for it.
                      Sounds like Hell on so many levels.

                      I've got the greatest respect for contractors who work in the financial sector. For me, aside from all the aforementioned issues, I couldn't hack (no pun intended ) what must be pretty dull work - no disrespect intended if that's not the case but I've always assumed it's all number-crunching and databases?

                      Have always tried to work on interesting projects which is why I've always stuck to the (admittedly lower paid) engineering sector.
                      Last edited by Dark Black; 22 June 2017, 16:14. Reason: typo
                      Do what thou wilt

                      Comment

                      Working...
                      X