Front-office jobs at investment banks in Hong Kong are not particularly easy to find at this time of year. Hiring tails off in the fourth quarter because bonuses are around the corner.
Some major banks in Hong Kong – CITIC, HSBC and J.P. Morgan among them – are not offering any such vacancies on their websites right now.
But a handful of jobs in investment banking, capital markets and global markets are still on offer. We looked through the Hong Kong careers sites of several Asian, European and US banks to bring you a selection of IB and trading roles.
Morgan Stanley, executive director, equity capital markets
It’s not often that investment banks advertise roles this senior in the fourth quarter. This job – at the bank which topped Asia IB revenues in the first half of 2017 – focuses on originating, structuring and executing corporate-derivatives transactions across sectors in Asia Pacific. Candidates must be Mandarin speakers with eight years’ experience at major banks, and have a strong Asian client network and excellent academic results from an “internationally renowned university”.
Bank of China (Hong Kong), senior dealer, global markets
While this is a Hong Kong-based position, you will be managing the bank’s Southeast Asian FX and rates trading business and formulating investment strategies for that region. You will need three to five years’ experience in SEA rates and FX and a solid trading track record. Mandarin may be the lingua franca at BoC, but this job also calls for a “good command of spoken and written English”. Training up junior dealers is part of the role.
Goldman Sachs, vice president, financial institutions group
This is the most senior front-office job currently on offer at Goldman in Hong Kong and requires eight years’ experience, some of which must be in FIG. Competition for this role is likely to be enormous – it’s at Goldman and FIG is one of the more buoyant IB sectors in Asia right now. Native Mandarin fluency is “desired”.
Nomura, vice president, M&A
Nomura has five IB vacancies, making it one of the most prolific front-office recruiters in Hong Kong right now. This is a generalist M&A role in which you will both execute transactions and bring in new mandates by conducting market analysis and evaluating clients’ needs. You will also be training junior staff to produce pitch books and valuation models to support client presentations. A minimum of six years’ M&A experience is required and “fluency in at least one Asian language” will boost your chances.
UBS, investment banker, TMT
UBS has not provided a rank for this job, but it is demanding at least six years’ experience in TMT, suggesting that senior associates and VPs should apply. You must be able to show “familiarity with the sector/product, its key drivers, market trends, relevant players and related financial metrics”. This role could ultimately propel you into the corporate sector because Chinese technology companies such as Alibaba and Tencent are increasingly poaching Asian TMT bankers.
Bank of East Asia, FX dealer
While this is a fairly junior position (for someone with at least three years’ experience), it’s also an unusual example of a dynamic job at a stable local bank. You will sit with the FX options and commodities team, helping with trading, pricing and handling calls from other business units.
Societe Generale, vice president/director, quantitative trader
Unsurprisingly, Soc Gen is setting the academic bar high for this job. You will need: a quantitative-focused MSc or PhD from a top university; applied research experience in mathematics, physics or statistics; and a strong track record in algo trading, market making or high/mid frequency trading. Expect to face competition from French candidates – SocGen in Asia is renowned for hiring from its home country, and France is renowned for producing good quants.
BAML, vice president, senior analyst, China auto
A rare research vacancy at a tier-one bank covering the auto industry across Greater China, this role demands “excellent financial modelling/analytical skills and familiarity with building and maintaining information databases”. Previous experience covering the car sector is “preferable”, while Mandarin and “a solid background in equities research” are both essential.
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