KNF&T Staffing Resources’ Post

Im delighted to say that i have completed my J.P.Morgan job simulation, and have learned so much about commercial Banking along the way!! What the simulation involved: JPMorgan Chase Commercial Banking Virtual Experience Program on Forage - October 2023 Completed a transaction overview to understand how the debt of a company will change post-transaction Prepared company and industry overviews Completed analyses in Excel to determine a covenant structure Prepared a 10-year financial model forecast

"I am thrilled to announce my successful completion of the J.P. Morgan Commercial Bank Virtual Experience Programme through Forage, where I acquired invaluable skills essential for the finance industry. Throughout the program, I mastered the intricacies of financial analysis, including the preparation of capitalization tables, detailed reports on company and industry landscapes, and comprehensive deal structure overviews. Through both quantitative and qualitative analysis, I gained insights into crafting effective strategies. Additionally, I showcased my proficiency by developing a robust 10-year financial model forecast, highlighting my ability to forecast and analyze financial data with precision. With my certificate of completion received on July 24, 2023, I am excited to leverage these skills and contribute meaningfully to the finance sector. #JPMorgan #Forage #FinanceSkills"

The move from sell-side to buy-side is a path so well trodden that buy-side firms are attracting their future talent earlier and earlier. J.P. Morgan has decided to take action and may well set a trend across other investment banks. https://lnkd.in/e3HVZtqK

The Asset Based Finance (ABF) market today is said to be north of 5 trillion, bigger than direct lending, syndicated lending and and HY bond markets combined (!) - according to a recent piece from KKR Global Head of Private Credit, Daniel Pietrzak And with further bank de-leveraging & consolidation, along with evolving regulations, you would expect the ABF market is only going to get bigger, better and branch out to a wider range of asset classes. In a quieter year for hiring, ABF has definitely been the standout sector keeping us busy. We're currently partnered with a few exciting ABF platforms, all of actively seeking talent with a focus on building out their VP and Principal benches. If you're considering your next career step in the ABF/Asset-Backed Opportunistic space, or would like a more detailed overview on what RCQ is seeing in the market, please connect or drop me a message. #privatecredit #AssetBasedFinance #SpecialtyFinance #StructuredFinance #securitization

💰 Why did the banker switch careers? Because he lost interest! 😂 In finance, we often talk about growing wealth, but let’s not forget to grow our smiles too! Remember, investing in laughter is just as important as investing in stocks. Let’s keep our financial journeys fun and engaging. After all, who says finance can’t be a little funny? #FinanceHumor #InvestInLaughter #WealthAndWit #Finance #Money #Investing #FinancialFreedom #FunnyFinance #FinanceMemes #FinancialLiteracy #WealthManagement #Fintech #PersonalFinance #Trading #StockMarket #Economy JPMorganChase J.P. Morgan HSBC London Stock Exchange American Stock Exchange

Today's Job Swaps Weekly has landed. In this week's update, BNP Paribas elevates Adnan Z. and appoints Richard Meth as it builds out its Americas team. Elsewhere, American Century Investments appoints two industry veterans to its securitised markets team, while Academy Securities snaps up a senior Citi exec as md and head of RMBS capital markets and origination. Subscribers can read this week’s roundup of securitisation people moves here: https://lnkd.in/gRE9UzrM #StructuredFinance #StructuredCredit #Securitisation #Securitization #RMBS #CMBS #ABS #CLOs

In an aggressive push to become more competitive, Jefferies has been making changes across their Investment Banking advisory business. The bank has been chasing increasingly large deals and signaled that bankers would have to increase their revenue significantly or be shown the door. Jefferies has already begun to cut current bankers and replace them with new “upgraded” talent. This comes as the firm just recently lost its two co-heads of FinTech banking and makes further cuts throughout the department. Now, facing an increasingly active hiring market, banks are resorting to hefty break-up fees to penalize new hires who renege on signed offers.  #investmentbanking #banking #marketupdates #hiring #EMMResearch

I am SO encouraged by the conversations I have been involved in recently with wealth advisors who simply want to learn more... more about what is out there but specifically, more about the independent wealth management environment. After 18 years in the wealth management industry, I still find myself pleasantly surprised (because that is the opportunity) at how many wealth managers still do not know what 'custody services' are, for one example. We are here to EDUCATE and to help YOU understand more about the independent wealth management environment. You really do not know, what you do not know. National Bank Independent Network. https://lnkd.in/gETafx7Y

In March, the Swiss government brokered a deal for #UBS to takeover its deeply troubled rival #CreditSuisse. Six months on, it’s looking like UBS landed the deal of the year. In the second quarter of 2023, the enlarged group made a $29 billion pre-tax profit – the biggest quarterly profit in modern banking history. It’ll be a one off though as it’s a product of the difference between the almost $4 billion UBS paid and the value of Credit Suisse’s balance sheet - Strip that out and the group’s underlying profit was around $1 billion. UBS won’t be going on a spending spree either. The vast majority of the profit needs to be retained as banks have to keep a certain level of capital relative to the size of their assets and liabilities. The positive results do not mean the job is done though, the group is expected to make large layoffs over the next couple of years and either try to sell or wind down certain operations in a bid to make sure the business is focused and profitable. Listen to this article from Bloomberg News on Noa - News Over Audio to learn more ➡️ https://hubs.li/Q022npGR0 #teamFP #accounting #partnerships #newsoveraudio #news #irishbusiness