The Consumer Financial Protection Bureau, the relatively new federal agency charged with overseeing loans, mortgages and other consumer-related products, has been expanding over the past year and will continue to do so.
The agency, which was created by the Dodd-Frank financial reform act in July 2010, put out its semiannual report yesterday that detailed its hiring numbers. In July of 2011, there were 500 staff members. As of June 30, 2012, there are 889.
That growth is set to continue; The agency had planned to have 1,200 positions filled by the end of September 2012, according to its budget request.
Current job openings on the USAjobs.gov site include those for bank examiners, data analysts, senior economists and investigators.
HSBC, which last August said it would cut 30,000 jobs around the globe, has cut more than 27,000 in the past year. Hey, at least the firm was upfront about it.
Leaving for Boutiques (Bloomberg)
A triumvirate of J.P. Morgan bankers are leaving the big bank for two smaller advisory shops.
Daniel Pinto, the newly named head of J.P. Morgan's co-head of the corporate and investment bank, said the recent company reorganization isn't "a head count exercise."
The Right Way (eFinancialCareers)
Sending your resume in to an online posting will get you nowhere. Instead, try getting in touch with a senior banker to ask him for career advice, which could ultimately lead to a job.
Workplace Interactions (The Independent)
A new study finds that when negotiating, women should aim to be flirtatious but not too friendly. Yeah, we don't know what the means either.
When sending work emails, refrain from using too many exclamation points, as most people agree they are generally unnerving.
Wall Street Gives Back (Bloomberg)
Turns out Wall Street workers who are gunners in their day jobs are also gunners on the field. A yearly athletic charity event raised $1.2 million.
Buzz Around the Office
Brazil's Felipe Kitadai, the bronze medalist in the 60-kilogram judo competition, has asked the International Olympic Committee for some new hardware after dropping and denting his medal while wearing it in the shower.
List of the Day: Reasons Not to Telecommute
It sounds like a dream, but if any of the below applies to you, you'll want to say no thanks.
1. You're a social person and do best when interacting with others.
2. You make your best impressions in person.
3. You're not self-motivated enough to work alone.
(Source: MoneyWatch)
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- FINS.com: Finance jobs, research and career news by FINS from The Wall Street Journal
