what exactly do they do? are they considered private wealth management or asset management? what kind of career path do they usually take?
You mean P&L? Thats middle office isnt it?
The Profitability Group is responsible for overseeing the profitability strategies for the Private Bank. Candidate will provide business decision support to understand client, product and market profitability to increase revenue and achieve improved business results. *Primary Function:* Support existing profitability tools and databases Interface with PB business partners in Finance and product areas to identify areas of improvement within the profitability methodology. Work to keep the profitability results relevant through interviews and consequent updates based on an understanding of the business needs. Support profitability team and senior management by producing ad-hoc reports and analysis, and developing regular analysis to provide insightful, accurate and timely information. Qualifications *Qualifications:* Bachelors degree Recent graduates or less than two years of analytical experience Profitability or activity-based costing experience a plus Excellent MS Excel and Access skills, working knowledge of VBA a plus SAS ABM or other ABC tools a plus Demonstrated ability to work independently, willingness to take ownership and accountability, take initiative Ability to deliver results in a timely manner Strong verbal and written communication skills and visual display of data Ability to present information in a clear and concise manner Attention to detail and ability to multi-task
looks like a typical middle-office role
yep … I’m a management accoutant and yes that is typically what we do mumi I’m glad you called it “middle office”
D’Artagnan Wrote: ------------------------------------------------------- > yep … > I’m a management accoutant and yes that is > typically what we do > > mumi I’m glad you called it “middle office” My god. A rose by any other name…
I keep reading on these forums how difficult it is to move from bo to fo. Is it about as hard for someone in the middle office to move to a fo postion?
so is this PWM or AM?
well, seeing as how the group “is responsible for overseeing the profitability strategies for the Private Bank”…i’m going to go out on a limb and say middle or back office.