SimCorp Dimension Specialist – Principle Consultant
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I'm an experienced recruiter focused on a very specific product - SimCorp Dimension. Having started out as a SimCorp Dimension Specialist Headhunter focused within the APAC and Middle East regions, I now recruit directly with the vendor and to end clients across the world and place candidates specialising in each of the specific SCD modules.
I relocated to Spain for 2 years before joining Skillfinder International and this is where I first got involved in sales as I was a sales consultant for whiteboard animation videos based out of the Costa Del Sol.
SimCorp - Asset Management - FinTech
Considering a move to Singapore?
Considering a move to Singapore?With FinTech growing at a higher rate in APAC than any other region globally it is common for a lot of roles to offer relocation packages. Singapore is one of the top APAC countries responsible for hiring international candidates which means, eventually, skilled professionals will consider a move to the small city state. With this in mind, I have gathered a few hints and tips to consider before embarking on this life changing opportunity!Singapore at a glanceSingapore is a small island nation (only slightly larger than the Isle of Man in the UK!) with a combination of modern skyscrapers and traditional South-East Asian architecture. The official business language is English and the western influence can be seen all across Singapore. With 1.65 million non-residents (out of a total population of 5.1million) you will discover a fantastic ex-pat community in Singapore.Cost of LivingThe Economist recently names Singapore as the world’s most expensive city for the 4th year in a row, but it is all relative. Property cars and imported goods like wine and cheese then of course prices will start to climb due to the high import taxes. However, Public transport in Singapore is easily affordable; Combined with low income tax (compared to Europe) and Singapore starts becoming a viable location to earn good money.ClimateTropical Rainforest climate. The highs are around 32C and lows of 24C. The downside is that they do have 2 monsoon seasons (December – March and June-September) but the temperature stays high; overall a vast improvement from here in the UK.VisasEvery role I work, and any position I approach anyone within Singapore, will have Visa and Sponsorship provided either by my partner company or the client I am working on behalf of. There are several different work visas available which are normally referred to as “passes” and normally require you to already have a job offer. The details of all passes available can be found on the Ministry of Manpower website.Education2nd in the world (after Finland). A lot of candidates I relocate to Singapore have families and therefore education is definitely something that should be considered when thinking of relocating here! Singapore is listed 7th in a global survey of expats for the availability of childcare.Travel OpportunitiesThailand, Vietnam, Bali, Cambodia, Philippines and Malaysia all lie within a 3 hour flight from Singapore making them ideal pit-stop travel destinations.Singapore has a lot to offer for such a small location but when you have run out of the typical tourist things to do you should start to think about the benefits this location can have on your ability to travel further afield. Since budget flying became big in the region, the list of cheap travel options available will make most of us in Europe very jealous!For information on the opportunities I have available in Singapore right now please call me on +44 (0) 203 763 9521 or send a copy of your CV to email@example.comSourceshttps://jonistravelling.com/moving-singapore-guide/https://www.angloinfo.com/blogs/global/angloinfo-world-expat-life/10-things-you-need-to-know-before-moving-to-singapore/https://www.shipit.co.uk/blog/other-articles/moving-to-singapore-a-guide-for-expats
The Collateral Squeeze: OTC and Derivatives
After Lehman Brothers’ bankruptcy on September 15, 2008, the pressures surrounding funding which had affected multiple financial firms since early 2007 reached critical mass. This incident compelled all financial institutions to take notice of their collateral positions and review their margin call processes.In 2003 Warren Buffet called derivatives “weapons of mass destruction”. Was he right in doing so?Collateral ManagementIn financial terms Collateral is a property or other asset that a borrower offers as a way for a lender to secure the loan. Collateral management is the process that among other things helps to reduce counter party credit exposures. It is commonly used with over-the-counter (OTC) derivatives like swaps and options. If two parties agree to enter into a collateral agreement this is what happens.Numerous regulations centred on reducing counterparty risk were released and updated as a result of the uncollateralised derivative activity. Since then, regulations have ensured that all derivatives transactions have the use of collateral in an attempt to alleviate the chance of these investment banks, once deemed too big to fail, would not fail again.In the modern financial industry, collateral is mostly used in OTC trades. Collateral management is now a complex process with multiple inter-related functions across various parties. Even large pensions and sovereign wealth funds, which typically hold high levels of quality securities, have begun looking into opportunities within collateral transformation to earn fees.Using DerivativesAll collateral must meet incredibly strict and stringent eligibility criteria; this was the underpinning idea behind linking derivatives with collateral – if the collateral is of good quality, so too would the underlying derivative transaction be. Sounds pretty safe right? However, the industry then began to fear that a “collateral squeeze” would occur where there is a surplus of demand in collateral, pushing the price up and then making derivatives less profitable and consequently, less attractive. They were almost right, demand for collateral is greater than it has ever been before and yet the predicted dip in derivatives demand has not yet occurred.In conclusion – as of yet the predicted “collateral Squeeze” hasn’t really materialised. You will never be able to implement a regulation that prevents institutions from taking risks onto their balance sheet to increase their equity return, with sell-side firms favouring more exotic trades.With the new regulations in place, firms are now expected to provide open information regarding their margin call processes. However, the full extent of this regulatory update is not due to become public knowledge until 2019/2020 with some firms having missed the deadlines to share their margin calls. With this in mind we could potentially be on the verge of another crash once all of this sharing of margin call becomes mandatory.Will the “collateral squeeze” ever actually materialise? Only time will tell...If you are recruiting within the Collateral Management space please contact Skillfinder International on +44 (0) 203 763 9500 / firstname.lastname@example.orgResources:https://marketsmedia.com/the-collateral-squeeze-is-on/https://www.thebalance.com/the-great-depression-of-1929-3306033https://www.simcorp.com/en/insights/simcorpblog/regulation-and-collateral-squeezehttp://www.financial-spread-betting.com/exotic-options.htmlhttps://www.centralbanking.com/central-banking-journal/feature/2042449/collateral-squeeze-2008https://www.slideshare.net/nicsaonline/nicsa-webinar-collateral-management-market-practices-and-new-legislation-impactshttps://www.investopedia.com/terms/c/collateral.asphttp://www.barbicanconsulting.co.uk/collateral