My client is the leading Investment Banking and Financial Services IT recruitment company in London with a turnover in excess of £50 million. Based in the City, the company provides a full range of recruitment services from contingency to executive search and temporary staff to a select number of the world’s leading Investment Banks and Financial Services companies within Britain and Europe. The company also has offices in Dublin and Stockholm with further plans to expand into New York, Singapore and Sydney.
In 2005 they were acknowledged as the leading supplier of permanent and contract staff to the following clients:
Goldman Sachs, Morgan Stanley, Credit Suisse, JP Morgan, Barclays Capital, Royal Bank of Scotland, Lehman Brothers and BNP Paribas
My client believes there are two factors which differentiate it from its competitors:
The employees – It hires the very best candidates in the market, trains them to a high level in the relevant industry, motivates them in a range of different ways, not merely financially and allows them to develop the career path that best suits them. They do not believe in a one size fits all approach to personal development.
The pro-active methods – The company boasts an impressive client list. Consultants do not spend their time randomly cold-calling managers, instead, relationships with clients are more akin to a partnership. This state has been achieved by focussing consultants’ efforts on finding the best talent in the market, quite simply, headhunting. They do not wait for the applicants to apply, preferring instead to target the passive job seeker on behalf of the client.
The Investment Banking IT Permanent Development division is responsible for providing the majority of my clients permanent revenue (£2.6m in 2005). It is a successful team run along meritocratic lines where talented individuals are given a clearly defined career path and the opportunity to prosper at a pace that suits the individual rather than the company. The division places individuals within the following salary boundaries £40,000 - £500,000. Search assignments are performed occasionally, accounting for 5% of revenue per annum. The team has established a reputation for low attrition and 90% of its members had no previous recruitment experience before joining.
They take training very seriously. It is classroom based and covers the following areas: Investment banking inc. products Fixed Income, Equities, Derivatives; Information Technology inc. Java, C++, C#, UNIX, NT; Headhunting and Mapping; Competency-based interviewing; Recruitment Process and Candidate Management.
They are seeking either graduates or individuals with commercial experience gained within either IT, Finance, Media, Publishing or related industry sectors looking for a rewarding career. It has a variety of openings for junior/graduate level entry within its Investment Banking IT division.
Successful applicants will possess an abundance of creativity and determination. They will be bright and articulate self-starters looking for a long-term career.
Researchers will receive a competitive remuneration package comprising basic salary (pay rises are clearly defined at each level of progression), commission and a quarterly bonus. Benefits include pension scheme, private healthcare and subsidised gym membership at Holmes Place after a qualifying period.
Salaries start at £18k rising to £28k within 12 months dependent on performance(£30k 1st Year OTE), Second year earnings £50k+.