Banking/finance folks from Saudi...
 

Hello Board,

I have been lurking on the board for some time now and found all the advice and material very helpful.

I especially like to thank all those folks from Saudi who have posted such great info about a place with little info available.

I am in the financial services profession with about 10 years of experience on wall street and have been talking to a top saudi bank since september regarding a position they would like to fill.

I am particularly interested in talking to folks in the banking/finance industry in saudi to gain some insights.

Thanks in advance.

Regards,
zayn

Re: Banking/finance folks from Saudi...
 

As far as i know Saudi banks jobs only for Saudi Nationals.

Re: Banking/finance folks from Saudi...
 

With that name (Zayn) he might be a Saudi national perhaps?...

Re: Banking/finance folks from Saudi...
 

Anyone with experience in Saudi banking/financial services industry???

Re: Banking/finance folks from Saudi...
 

I can tell you now the Saudi banking industry would fall apart without the non-natives involvement. What are you trying to find out? What is it you do? US bankers have done well in Saudi same as the brits.

Re: Banking/finance folks from Saudi...
 

I am sure 'The Dean' will tell you all you need to know when he is online.

Best to outline the info required.

Re: Banking/finance folks from Saudi...
 

Is it typical of Banks to offer children education allowance/coverage to expats? The bank is a Saudi bank and they didn't mention the education in the offer letter so when I asked about it, they said "no". So, I told them that education in the US is free and in order to have comparable quality education for my children, it would cost a lot. Hence, I would need assistance.

Any advice, folks?

Re: Banking/finance folks from Saudi...
 

Hi, the people we know in the banking sector get schooling paid. The American school is very expensive. More so than the British School. I would expect even the Saudi banks to offer schooling, but it will depend on the level/grade you are being recruited at.

Cheers
N

Re: Banking/finance folks from Saudi...
 

Depends the level you are going in at and what you will be doing, its certainly not unusual for schooling to be added to the package. Can you expand a little on the role?

Re: Banking/finance folks from Saudi...
 

It's a Manager - Management Performance Reporting in the Finance/CFO department. They say it's level 10 but what does that mean? Initially I was told by the recruiter that it's Senior Manager position but in the offer letter they say it's Manager!

Anyone know what Level 10 means?

Re: Banking/finance folks from Saudi...
 

Well all the banks will have different grades as a rule of thumb that I apply if its paying over $100K and accommodation is separate from that figure I would expect some element of school fees contribution. The banks do love a haggle though, who's negotiating HR or the guy who is hiring you for his team?

Re: Banking/finance folks from Saudi...
 

am with a saudi bank and in IT and they even offered ME an education allowance for the kids! (pity i don't have any...)

if they've said no, go haggle. if they say no again, would be a serious reason to reconsider...

Re: Banking/finance folks from Saudi...
 

Agreed and believe me if you are negotiating with HR and and they have to go back to the business saying they have cocked it up then they won't be at home to MR HappY!

Re: Banking/finance folks from Saudi...
 

The base is over $100K and accommodation and car allowances are seperate. The HR guy is negotiating and he's saudi. I think they are playing hardball. They take their sweet time in responding.

I asked for relocation and they said only air for you family and visas will be paid by bank. I said we need help with cargo and baggage.

I am waiting to hear back from them. How expensive is education per child?

Re: Banking/finance folks from Saudi...
 

Sorry, what does that mean? I am slow to catching slang.