ID :
20479
Mon, 09/22/2008 - 09:52
Auther :
Shortlink :
http://m.oananews.org//node/20479
The shortlink copeid
'Bankrupt' Lehman Brothers on hiring spree!
New Delhi, Sep 21 (PTI) Collapse of the Lehman Brothers in the world's biggest ever bankruptcy story may have sent thousands of its employees flocking the job market, but the 158-year-old American investment bank giant still seems to be in hiring mood.
Once known as one of the favourite places to work in the
financial services space, especially due to its fat pay
packages, Lehman Brothers had a workforce of close to 26,000
employees at the last count. But its filing for bankruptcy
protection on September 15 saw nearly all its employees on a
lookout for new employers.
However, Lehman Brothers seems to be continuing with its
hiring activities, as it has posted at least four new job
vacancies for the US after its bankruptcy filing. These
vacancies are for positions like Investor Accounting
Specialist, Foreclosure Specialist and Default Supervisor, and
they seem to have been posted on the bank's website a day
after the bankruptcy filing or later.
In addition, Lehman Brothers has over a dozen recruitment
events lined up across the world through September, October
and November.
The interested candidates, if any, can register for these
recruiting events and presentations in the career section of
Lehman's website.
"These events are intended for those who are applying for
early years programmes, internships or first year Full Time
Analyst/Associate programme hires," it says on its website.
One such event, "Equities and Fixed Income PhD Recruiting
Presentation", is scheduled for as early as September 23 in
Massachusetts and is for Harvard and M.I.T. students in their
penultimate or final year of their PhD programme.
Ten such recruitment events are lined up for the U.K.,
while there are three others for Italy through October and
November.
While two vacancies -- Investor Accounting Specialist
and Supervisor Default positions -- were posted on September
16, it posted one vacancy each on September 17 and 18 for
Foreclosure Specialist and Investor Accounting Specialist
posts, respectively.
However, there has been no new job postings after its
bankruptcy filing for Asia-Pacific and Europe and Middle East
regions. Lehman has posted at least four job vacancies in
September for India, where it employs over 2,500 people, but
all of them were posted before the bankruptcy filing.
However, a number of job portals continue to have close
to 20 recruitment ads for Lehman's India operations for
positions like Test Engineer (QA), Java Senior Developer,
Prime Services Analyst, Project Manager, Capital Resource
Analyst and Vice President - Global Sales & Banking
Technology.
One of Indian job portals, naukri.com, vacancies are also
there for the posts of Recruitment Manager and Recruitment
Executives at Lehman Brothers. However, these job website
postings are believed to have been put before the bank's
collapse.
Lehman set up B.P.O. operations in India in 2005, and
according to the fact-sheet of the firm, the centre saw the
number of employees going up by eight times by the middle of
this year and had declared its plans to grow the operations.
In fact, it was recruiting till as recently as couple of
months back.
The company has in all about 2,500 people working for it
in India, including those in the B.P.O. unit. Recent news
reports have said the company had asked a section of its
B.P.O. staff to quit.
In its new job postings for the U.S., Lehman says that
the job profile of a "Foreclosure Specialist" would involve
monitoring "the actions of the Foreclosure Attorneys... to
ensure that all paperwork needed by the Attorneys is completed
timely and accurately. To update internal systems for checks
and balances and to apply money as appropriately directed."
Besides, the Investor Accounting Specialist would be
responsible for the monthly reconciliation of investor
custodial accounts and clearing accounts, while Supervisor
(Default) would be responsible for the overall operation of
the Collection Department.
Lehman has filed for Chapter 11 bankruptcy protection,
which allows a company to restructure while creditor claims
are held at bay.
A number of the company's employees are already said to
have joined other companies, including its Mergers Advisor
Group Chairman and co-head Mark Shafir, who has joined
Citigroup.
Sharif continued at Lehman through its bankruptcy filing
and is said to have helped negotiate the USD 1.75-billion
sale of its U.S. investment banking business to British
banking major Barclays. PTI PML
Once known as one of the favourite places to work in the
financial services space, especially due to its fat pay
packages, Lehman Brothers had a workforce of close to 26,000
employees at the last count. But its filing for bankruptcy
protection on September 15 saw nearly all its employees on a
lookout for new employers.
However, Lehman Brothers seems to be continuing with its
hiring activities, as it has posted at least four new job
vacancies for the US after its bankruptcy filing. These
vacancies are for positions like Investor Accounting
Specialist, Foreclosure Specialist and Default Supervisor, and
they seem to have been posted on the bank's website a day
after the bankruptcy filing or later.
In addition, Lehman Brothers has over a dozen recruitment
events lined up across the world through September, October
and November.
The interested candidates, if any, can register for these
recruiting events and presentations in the career section of
Lehman's website.
"These events are intended for those who are applying for
early years programmes, internships or first year Full Time
Analyst/Associate programme hires," it says on its website.
One such event, "Equities and Fixed Income PhD Recruiting
Presentation", is scheduled for as early as September 23 in
Massachusetts and is for Harvard and M.I.T. students in their
penultimate or final year of their PhD programme.
Ten such recruitment events are lined up for the U.K.,
while there are three others for Italy through October and
November.
While two vacancies -- Investor Accounting Specialist
and Supervisor Default positions -- were posted on September
16, it posted one vacancy each on September 17 and 18 for
Foreclosure Specialist and Investor Accounting Specialist
posts, respectively.
However, there has been no new job postings after its
bankruptcy filing for Asia-Pacific and Europe and Middle East
regions. Lehman has posted at least four job vacancies in
September for India, where it employs over 2,500 people, but
all of them were posted before the bankruptcy filing.
However, a number of job portals continue to have close
to 20 recruitment ads for Lehman's India operations for
positions like Test Engineer (QA), Java Senior Developer,
Prime Services Analyst, Project Manager, Capital Resource
Analyst and Vice President - Global Sales & Banking
Technology.
One of Indian job portals, naukri.com, vacancies are also
there for the posts of Recruitment Manager and Recruitment
Executives at Lehman Brothers. However, these job website
postings are believed to have been put before the bank's
collapse.
Lehman set up B.P.O. operations in India in 2005, and
according to the fact-sheet of the firm, the centre saw the
number of employees going up by eight times by the middle of
this year and had declared its plans to grow the operations.
In fact, it was recruiting till as recently as couple of
months back.
The company has in all about 2,500 people working for it
in India, including those in the B.P.O. unit. Recent news
reports have said the company had asked a section of its
B.P.O. staff to quit.
In its new job postings for the U.S., Lehman says that
the job profile of a "Foreclosure Specialist" would involve
monitoring "the actions of the Foreclosure Attorneys... to
ensure that all paperwork needed by the Attorneys is completed
timely and accurately. To update internal systems for checks
and balances and to apply money as appropriately directed."
Besides, the Investor Accounting Specialist would be
responsible for the monthly reconciliation of investor
custodial accounts and clearing accounts, while Supervisor
(Default) would be responsible for the overall operation of
the Collection Department.
Lehman has filed for Chapter 11 bankruptcy protection,
which allows a company to restructure while creditor claims
are held at bay.
A number of the company's employees are already said to
have joined other companies, including its Mergers Advisor
Group Chairman and co-head Mark Shafir, who has joined
Citigroup.
Sharif continued at Lehman through its bankruptcy filing
and is said to have helped negotiate the USD 1.75-billion
sale of its U.S. investment banking business to British
banking major Barclays. PTI PML
