A regulatory tsunami great for accountancy candidates Viewpoint careers advice blog

A regulatory tsunami â€" great for accountancy candidates New regulations in the banking sector are coming so thick and fast that companies are struggling to keep up. For regulatory/compliance experts and graduates, this is resulting in enhanced career and salary prospects. Before Basel 3 â€" the new regulatory standard for banks’ capital adequacy, stress testing and market liquidity â€"is even implemented, the financial services industry is bracing itself for Basel 4, with an expectation of even farther-reaching requirements. Plus, of course, the industry is dealing with both the Dodd-Frank Act and the European Market Infrastructure Regulation (EMIR). Post 2007: a new regulatory paradigm The regulatory and legislative landscape has been drastically altered by the 2007-08 financial crisis. To avoid a repeat of the credit crunch, regulators across the globe have worked on placing a raft of new rules on banks’ operations â€" ranging from increased capital requirements to tighter regulation of activities such as OTC derivatives. “Basel 3 is but one element of the multiplicity of regulatory reforms under way â€" the ‘more and more of everything’ approach to regulation. Banks need to consider the combined impact of all these initiatives, in addition to the impact of Basel 3 and of moves towards Basel 4, on their strategies and business models.” So says KPMG in its report on Basel 4. The global professional services firm believes the moves towards Basel 4 have three major implications for banks: Higher capital requirements The need to improve capital management A less risk-sensitive approach to both capital ratios and internal modelling, which could force banks to re-evaluate the balance between lower and higher risk businesses. Regulatory experts in short supply My colleague Kelly Fordham, a Director at Hays, says this represents many opportunities for recruits: “The constant requirements and change â€" take for instance the EU’s Capital Requirements Regulation and Directive (CRD IV) â€" has led to the need for increased teams, both in size and in scale, to ensure that they cover the strong internal and external demand.” She says this is an issue for all levels: “Banks need specialists in all areas, such as COREP (common reporting), FINREP (financial reporting), ICAAP production, capital reporting and forecasting. Regulatory is the one area of finance that is very candidate-led. The demand is hugely outweighing supply, with clients wanting people that don’t necessarily exist in the volume that is needed. There is a lot of competition for the best people. Salaries have started to go upwards and outwards of the bandings that are normally given, as banks have to go higher than the norm to ensure they attract the best and top talent.” Those that are most in demand are candidates from the regulators themselves and from the major consultancies. The major banks are typically offering them opportunities to move in-house with significant salary increases. “Regulatory policy is a big area of demand,” explains Kelly. “It is hugely specialist and demands those individuals from the regulators as they understand the rulebook. The people who understand the demand from Pillar 1 to Pillar 3 [of Basel] for instance are rare. So too are those who understand the so-called calculation of policy.” As a result, Kelly notes that Hays is seeing “huge counter-offers” for individuals with prudential regulatory experience. In this context, even newly-qualified candidates with less experience of the regulatory framework, who would have been overlooked before the crisis, are now in demand. “What the banks are having to start to do is recruit people in the regulatory area, like newly-qualified ACAs (Associate Chartered Accountants) from the top four or top twenty firms; these candidates have a certain aptitude and level of education. We have recently placed graduates at entry-level roles as liquidity analysts, for example, as liquidity forms part of the wide regulatory picture.” Newly-qualified regulatory candidates are also benefiting from strong financial incentives. Kelly says: “Newly-qualified recruits within ‘normal’ finance roles such as financial accounting, management accounting, product control, would typically achieve around £50,000. We recently placed newly-qualified recruits going into the regulatory area at £58,000 to £59,000 at the basic level. That is quite a substantial difference.” Demand on the buy-side Demand from large banks is high, but recruitment activity from smaller firms in the financial industry on the buy side is also likely to increase. According to a December 2013 poll by theTRADEnews.com, 49% of respondents believed dealing with regulatory and compliance issues would be the biggest priority for buy-siders in 2014. With many new regulatory regimes set to be implemented this year, including aspects of Dodd-Frank and EMIR plus other regulations expected to be finalised, buy-siders are facing a significant compliance burden, the specialist publication points out. Kelly agrees, warning “At the moment there has been less focus on asset management from a regulatory perspective because of the size of those firms. The focus was initially on the banks, but this is now going to become a focus for smaller firms who will have smaller finance teams and less specialists to be able to cope”. Be part of the conversation. Join our Financial Markets Industry Insights LinkedIn group to share your thoughts and stay up-to-date with the latest financial markets business, employment and recruitment news. Join the conversation

Survey Youre gonna miss these things the most after you have kids

Review You're going to miss these things the most after you have children Review You're going to miss these things the most after you have children It's genuinely simple to take the opportunity of not having children for conceded. That isn't to state bringing up a child isn't fulfilling in some way or another, I'm certain it is, however I positively don't lament the extra pocket money or the freedom to focus on continuous foolish behavior. If you're going back and forth about bringing another human into the world, or perhaps you simply feel terrible that nobody needs to make another human with you, here's a rundown of the considerable number of things you'd miss about not having children, directed by OnePoll and authorized by the people over at Pampers Pure Protection. Follow Ladders on Flipboard!Follow Ladders' magazines on Flipboard covering Happiness, Productivity, Job Satisfaction, Neuroscience, and more!What do guardians miss the most?The creators behind the new OnePoll study questioned 2,000 guardians about their fondest recollections of being childless. Before we unload the outcomes, it ought to be noted that 90% of the guardians concurred that having their kid was the best choice of their life, regardless of whether 76% of respondents didn't foresee how much their life would have change because of it. Eighty-seven percent of guardians said that they would completely remember childless life for a day on the off chance that they could. One day is all the vast majority of the respondents would need to renounce their kid raising hardships, as rest ruled lord on the rundown of 50 things that guardians deplored about the most, with quality TV time and resuscitating the sentimental sparkle following not far behind; 44% of guardians occasioned that one on one time with their accomplice endured the most in the wake of having kids truth be told. Look at the full rundown below.What guardians miss most about existence before kids Saturday morning rest ins A spotless and clean house Staring at the TV in complete harmony Going out immediately, without agonizing over a sitter Going through cash virtuous Having a shower or shower without being upset Date evenings Setting off to the latrine without being upset Get-aways/occasions that didn't depend on school breaks/terms Getting an entire night's rest Sitting in the sun on a get-away/occasion without engaging a youngster Perusing the shops instead of surging around Evenings out with companions Sentiment Having the option to fly to the shops when you need A conditioned stomach Daring or social excursions/occasions Quiet Simply plunking down to peruse a book during the day Sex Having the option to unwind in a bar brew garden Modest get-aways/occasions Not being asked 'Why' constantly Having a vehicle venture in harmony Enduring an aftereffect without taking care of a youngster simultaneously Watching grown-up TV during the daytime Having the option to complete some tea before it goes cold Eating on treats without sharing them, or eat them covertly Heading off to the film to watch something besides a movement Pre-child boobs Having the option to travel with as little luggage as possible when you leave Having the option to have your hair/nails done righteous The days when you could watch your own film as opposed to viewing a similar child's film again and again Not watching what you state or talk in code due to 'little ears' A spotless vehicle Daytime drinking Not having to consistently be pondering where the closest can is, in the event that they need a small Not forking out on sitters (in the event that you even figure out how to go out) Having the option to swear at whatever point you need Plunking down to peruse the paper with a morning espresso Spa days A decent eating routine Having the option to go down the steps without exploring a step door Having the option to do a wash without checking the pockets of everything going in Having the option to tune in to your music in the vehicle rather than nursery rhyme Having the option to tune in to music or the radio 'typically' rather than a similar child's tune on rehash Having a little vehicle rather than a people bearer Having cosmetics in your tote rather than moist disposable clothes Having the option to connect things without having to consistently evacuate the attachment connectors first Not smelling somewhat like infant debilitated constantly Notwithstanding this solid file of pre-kid advantages, 100% of respondents concurred the expense to be more than justified, despite all the trouble, with an extra 71% venturing to such an extreme as to state they are more joyful and increasingly satisfied individuals having had children, regardless of the life evacuating required to raise them.

Consultant Interview Questions

Specialist Interview Questions Specialist Interview Questions Inquiries for specialists differ contingent upon the kind of organization for which you are applying. Advisor meets ordinarily incorporate a blend of behavioral and case questions. The more you get ready for the meeting, the better you will do. One approach to get ready is to work on responding to basic inquiries questions. Here is data on the sorts of inquiries addresses you may be approached during a meeting for an expert position. The following is likewise data on the best way to plan for a meeting and a rundown of explicit inquiries questions. Audit the rundown and consider how you would react to these inquiries ahead of time of your meeting. Kinds of Consultant Interview Questions A portion of the inquiries you will be posed to will be regular inquiries addresses you may be requested any occupation. These might incorporate inquiries concerning your work history, your qualities and shortcomings, or your skills.A advisor may work with each customer in turn or with a few, so hope to get inquiries regarding time the board. Since experts are frequently welcomed on to assess and fix authoritative difficulties, you may likewise be posed inquiries that emphasis on your correspondence and critical thinking abilities. You will likewise likely be asked a number of behavioral talk with inquiries. These are inquiries concerning how you have taken care of different work circumstances previously. For instance, you may be asked how you have taken care of an issue with a troublesome employer.Other questions may be situational inquiries questions. These are fundamentally the same as social inquiries questions. In any case, situational inquiries questions are about how you would deal with a future work circumstance. For instance, a questioner may ask how you may deal with a task with a tight cutoff time. The most well-known sort of advisor inquiry question, be that as it may, is the situation inquiry question. A case inquiry question is one in which the business gives you either a business situation or a brainteaser, and asks how you would take care of the issue. These sorts of inquiries show the business that you can utilize rationale to take care of complex issues. Tips for Preparing for a Consultant Interview Case inquiries questions require some arrangement. Ask companions or relatives to give you however many practice case inquiries as could reasonably be expected. During the inquiry, tune in and take notes, posing any explaining inquiries. Posing inquiries will assist you with thoroughly considering the issue, and will likewise show that you are listening cautiously. It will likewise assist you with drawing in with the questioner, and set up a report.While responding to a case inquiry question, say your perspective so anyone might hear and utilize a pencil and paper to work through the issue. While you have to give an answer, the inquiry is significantly more about evaluating your manner of thinking. Consequently, share your verbally processing. A significant number of your case questions (just as a portion of your different inquiries) will be identified with the business in which you will be working. Along these lines, before your meeting, ensure you are up to speed with news about the industry.Don't neglect to rehearse the fundamentals of good talking. Ensure you are set up to give a confident handshake, look at your questioner, and grin when suitable. Now and again case inquiries questions can feel overpowering, yet remember that you despite everything need to be amicable. Specialist Interview Questions Case Interview Questions You are counseling a small firm that sells a well-rumored item. An enormous contender begins selling a comparable item joining the latest innovation. What should the little firm do in response?How a huge number balls can fit in a football stadium?Estimate the size of the U.S. pencil market.How quick is the market for X growing?Your customer is a snow furrow organization. The previous two years have seen a decrease in snowfall by 20%. What might you recommend they do and why? Inquiries Concerning Yourself Whats your administration style?Describe how you regularly lead a business meeting.What sorts of counseling ventures accomplish you commonly chip away at? What has been the focal point of the last four or five undertakings you have worked on?What has been your normal number of customers at a time?Do you will in general spotlight on one anticipate, or do you handle various tasks simultaneously?How do you monitor your advancement during a venture? Inquiries Regarding the Industry We want to accomplish investment funds of 20% in the following a year. How might you assist us with arriving at this goal?What causes a decent advisor in this industry?What to do you see as the significant issues confronting this industry?What are some significant moral contemplations for consultants?Why would you like to work for our counseling firm over other firms?Walk me through the existence pattern of an ongoing venture you took a shot at from start to finish. What results/expectations did you achieve? What worked out in a good way and what turned out poorly? Social Interview Questions Educate me concerning when you confronted a moral issue, and how you oversaw it.Tell me about when you needed to manage a troublesome customer. What did you learn from the experience? What might you do differently?Describe you had a period you needed to lead a group through a troublesome challenge.Describe when you were working for numerous customers simultaneously. How could you shield from extending yourself excessively far? Situational Interview Questions How might you disclose a mind boggling technical issue to a client?Imagine you had a troublesome chief. How might you handle the situation?Tell me about a period you battled to fulfill a time constraint. How could you deal with your opportunity to finish the task?

4 best ways to get a job -

4 most ideal approaches to find a new line of work - Youre stressed over what individuals will ask you in interviews, however have you halted to consider what you ought to ask yourself â€" - before you even go after a job? In the event that youre keen, youre considering what you need and what you offer before you at any point hit the apply now button for any position. Maybe youre figuring, Any activity will do? From your point of view, that might be simply the situation, however you have to placed yourself in your potential businesses shoes: The more engaged and focused on you are the point at which you go after jobs, the more achievement you are probably going to have landing meetings and jobs. What inquiries should each activity searcher pose before moving toward bosses? 1. What is generally imperative to me with regards to the working environment? Contingent upon your conditions, you may incline toward an adaptable occupation over a position gaining more cash. Or then again you may be happy to take a lower-paying employment in the event that you think the organization is renowned and would look great on your resume. Possibly upward portability and an organization that advances from inside is imperative to you. Or then again, you could be generally intrigued by the work culture and additionally medical advantages? Pick what is essential to you and research associations that exhibit the best fit. Use instruments such as Glassdoor.com to find out about pay and culture, and follow organizations on LinkedIn to learn on the off chance that they will in general advance current representatives or recruit from different organizations. Influence your system and converse with individuals who either work at organizations that intrigue you or the individuals who previously left those associations so you can gather however much data as could reasonably be expected. At that point, spend most of your pursuit of employment hours focusing on the most reasonable associations. 2. What abilities would I like to use in my next activity? Maybe you have an all around created range of abilities, however you despise accomplishing that work. In the event that you dont stop to assess what you need to do straightaway, youll end up back in another activity that makes you hopeless. Put forth a coordinated attempt to concentrate on the abilities you need to utilize when you go after positions and quest for positions that underline those aptitudes. 3. How am I novel and how does that identify with my objective employments? When you focus on what youre great at and what you like to do, its up to you to have the option to clarify why youd be the best contender for that sort of position. Do you have any uncommon capabilities dependent on past experience that you need to make certain to feature? For instance, in the event that you are going after an administration position in a retail location, did you spend the early piece of your profession as a clerk? Would you be able to portray why your experience would improve your activity execution as an administrator? Continuously consider the businesses point of view when you portray your one of a kind offer (what makes you extraordinary). Ensure that you do some exploration to enable you to distinguish what your objective businesses esteem most in candidates. For instance, if the businesses site utilizes the words group or activity again and again, consider how you can exhibit your effective foundation as a cooperative person and excellent capacity to show activity. 4. How might I put forth a reasonable defense that theres a decent match between what I offer and what the business needs? When you recognize whats exceptional about you as it identifies with your objective boss, its chance to burrow profound and ensure that you exhibit how and why you are a solid match. On the off chance that you can't make an understood association between what you offer and what your objective organizations need, youre burning through your time applying. Help everybody out and study sets of responsibilities and choose watchwords to use on your resume. Stay aware of data that the organization shares by means of informal organizations and utilize each road accessible to contact the associations that intrigue you. Try not to go after any position except if you can plainly explain why you are the response to the businesses issue. At the point when you adopt this thorough strategy to each employment form, youll go after less positions, however the time and consideration regarding every application will give you a superior opportunity to land interviews. Its a success win: businesses get obviously qualified candidates and your applications dont go into the dark gap of up-and-comers who dont seem qualified, regardless of whether they could carry out the responsibilities. Initially posted on AOLjobs.com photograph by TchmilFan