Hey all - looking for some thoughts on this. I have been working in front office on a sell-side trading desk for the past 5 years. The position is 50% trading support, 25% Technical fire fights with other teams / troubleshooting infrastructure and latency problems affecting trading, 25% small projects / scripting / data mining info for the traders/quant-devs etc. Even though I enjoy the role and thoroughly like the people I am surrounded by (super bright minds), I find myself bored quite a bit, and the writing is on the wall that I wont be moving to a true front office sales/trading business-aligned type role anytime soon, as there are just too many other internal candidates with better credentials than I, and with the amount that we are automating these days, I dont see these trading support type roles being around in the volume that they are at currently for much longer.
My question for you all:
Recently I was offered a position in Risk & Compliance, I would be reporting to someone way higher up the food chain than my current boss, rank would be a level up, salary would be higher, and I would be given the chance to build my own team around this. I am hesitant because for one its not FO, two its still cost center and not profit center (current role isnt profit center either), and three I am pretty certain ill be bored in the new role potentially more than what I am currently. All that said I am early 30's and really dont want to get stuck in my current role 10 more years and then be made redundant as I automate myself out of my role.
risk mgmt can make good money....with much less stress....go for it
I think in some institutions they do sure, but a lot of banks have these positions as non business-aligned functions, which typically do not make money, as they are a service and thus organized into the cost center side of the bank.
Out of curiosity and respectfully, what makes you think compliance is any better? Is there ever was a case Volcker rule or dodd frank dims down, say good bye to compliance jobs.
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