Getting back into banking - international

Anonymous wrote:

Dear Job Doctor,

I have a Masters degree in Management and Systems and 20 years experience:

- 10 years in Banking (Credit Analyst- 6 years, Mergers Aquisitions & Business Turnaround

- 3 years, Investment Banking specially IPOs and Public Sector Privatisation investment) with a well known Indian bank from 1985 - 1996.

-From 1996 - 2005 I worked as Business Analyst and Project Mangaer in Banking, Energy Trading and Risk Management (Market Risk,Credit Risk. Basle 2.

In 2005 I went into a retail business woth a friend with a view to build a small chain of stores. The business expansion did not go as per plan because of reluctance of my business partner.

I am planning to get back into banking (IT or Credit or Private Equity)preferably in Dubai, France or Germany. Any suggestions will be welcome. I can be contacted on [email address removed]

Thanx


Marks Sattin's regional manager for the Middle East replied:

Thank you for your email and sorry to hear that your business did not go to plan. I am sure that, along with all the frustration, you have found that in setting up a business your commercial skills have developed considerably.

Realistically you may find some problems in the job market. Systems and processes involved in credit risk, market risk and operational risk have progressed significantly in the period, both as a result of regulatory drivers, but also more modern, business reactive techniques. I am afraid that you will have lost credibility against people with more current experience. This is particularly true with international recruitment when a candidate must have either a particularly niche skillset, or a market beating CV to make it worthwhile the relocation and imperfect recruitment process.

The option of freelance consulting is also difficult in many areas of the globe as working visas are available only with employee sponsorship and therefore only permanent. Marks Sattin is developing solutions in several locations, but the issue is worth bearing in mind.

I would suggest that you return to a role in your local market again, where your credibility will be higher, and gain more current experience before exploring international opportunities again.

Regards