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First Derivatives plc Careers Staff Information Day 12 January 2011. Catherine Harrison VP HR & Training. FD Graduate Recruitment. Overview. Graduates are THE key component in FD’s ongoing recruitment drive
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First Derivatives plcCareers Staff Information Day12 January 2011 Catherine Harrison VP HR & Training
Overview Graduates are THEkey component in FD’s ongoing recruitment drive Recruited circa 200 graduates in 2009/2010 – approximately 9 of every 10 new staff are at graduate level! Plans for approx. 100 graduates in 2011 including 17 graduates that started yesterday!! Targeting specifically the top 40 Computer Science & Finance programmes across UK & Ireland – also posting on Australian, American and European University careers websites. Options & Placement Programmes Financial Engineering Software Development Sales, Marketing & Operations Legal, Accounting, Sys Admin, Estate Management Overview 2
Options Programme Options is our new and exciting fast-track consulting programme, launched during Summer 2009 The Programme aims to expose successful candidates over 2 year term, to a range of client assignments and internal company projects. During the Options Programme, candidates will have the opportunity to work alongside experts in a range of fields including Finance, IT, Business Consultancy, Marketing and Operations. We recruit independent thinkers and achievement orientated individuals with the expectation they are self starters – individuals who ensure they have armed themselves with the required level of information and knowledge to meet the requirements of our clients and the demands of the job. Options Programme 4
Currently targeting Graduates through the following channels: Staff referrals University Careers Departments Gradfairs Recruitment websites Agencies Positive PR, FD in the News We would like the vast majority of our Graduate applicants to come from Staff referrals and University Careers Departments We hope to achieve this target with your help today and tomorrow! Targeting Graduates 5
In 2010 we attracted approximately Willingness to travel at short notice to work on medium/long term assignments globally; For Stream 1, have 500 points in Leaving Cert. including a B3 in Higher Level Maths (Ireland) or AAA at ‘A’ Level, including an A in Maths (UK); For Stream 2, have 450 points in Leaving Cert. or BBB at ‘A’ Level; For Stream 3, have 400+ points in Leaving Cert or AAB at ‘A’ Level (UK); Have already achieved or are on track to achieve a minimum of 2.1 degree classification Key Criteria for an Options Recruit: 6
Applicant Process: In 2010 we attracted 827 graduate applicants across all streams. We interviewed almost 50% of those applicants over the year. We conduct an initial screen based on key criteria We invite to telephone interview OR directly to face-to-face interview Face-to-Face interview process consists of: 2 one-to-one short interviews (20 mins each) Group discussion/Roleplay Presentation We make offers to approximately 1 in every 4 that attends interview We assert that we do not see enough applicants matching our key criteria, especially Software Developers! Applicant Process: 7
The Options Programme 3 Months + Week 1 Week 1-4 Months 1-3
Induction • Introduction to First Derivatives • Meeting each other • Meeting the Newry Team • Meeting your Buddy • Our Values • Employment Manual • Professional Standards • The importance of Your CV • Introduction to Sales & Marketing Function • Introduction to the CMTP
Theory • Concentrated period of self-lead study • Finance + Technology + Softer Skills • Lectures/Workshops from senior FD resource • Self Lead Workshops • Computed based workshops • Structured Products workshops • Presentation of material for internal use
Practice • Working on customer projects • Initially Newry based • Little direct customer contact • Low risk • Applying theory to practice • Supervision from senior FD resources • Learning on the job • Prelude to on-site work
Specialisation • Moving to a Dedicated Stream • Moving to a customer team • More customer facing work • Increased responsibility • More time management pressures • More deadlines • More theoretical details • Possible on-site work
Breakdown of Graduate Recruitment 2010
Preference for minimum 9-12 month placements Similar Academic criteria to the Options programme We would be hopeful that successful placements return to us as Options graduates Immediate need for the following: 20+ Software Developers 2 Accountants 1 Human Resources Assistant 1 Estate Management Assistant Placement Opportunities 18
Training within the company is mostly on the job combined with a support framework which includes a mentoring scheme, career coaching and regular in-house training. CMTPs are a central plank to career progression for our Graduates – successful completion of the various modules AND positive client/business feedback will warrant full time job offer Training comprises Tutor led workshops allied with Peer driven workshops. Testing is conducted via Online Multiple Choice and Written Exams. We also encourage industry standard accreditation Detailed discussion/review of CMTPs to follow tomorrow – see over for high level breakdown of what CMTPs cover Capital Markets Training Progamme (CMTPs): 20
Career Options for Graduates: London NYC R.O.W Potential Job Offer Choice of preferred role & location Progression within Current Assignment We expect all Options Grads to take up a Full-time position PM Assignment On-Site BA Initial Training Developer Architect Support Analyst We aim to accommodate preference on role & location as best we can given business constraints........