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Old 14.12.2015, 17:49
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IT and Financial Services - Recruiters

Hello Everyone,
I'm a US Citizen currently living in NewYork. My Fiancee is Swiss, we are going to live in Switzerland after we get married early next year. I'm an IT professional with a lot of experience with Fiancial Services companies, and I've started looking for Jobs in this field. I've tried the usual suspects, Jobs.ch and the websites of the big swiss banks, but no luck. I always get a boilerplate rejection message.

Can anybody put me in touch with a good IT recruiter, preferably someone dealing with Financial Services companies? Given my situation, a human introduction is needed, methinks.

Any help, advice greatly appreciated.

Regards,
Raj
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Old 14.12.2015, 18:14
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Re: IT and Financial Services - Recruiters

Hello, and welcome to the forum.

You'll have more luck when you are
1) here
2) married to the Swiss.
3) have increased your German/French repertoire

As a US Citizen, living in the US, companies here are a little cautious to employ you....
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Old 14.12.2015, 18:30
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Re: IT and Financial Services - Recruiters

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As a US Citizen, living in the US, companies here are a little cautious to employ you....
To rephrase this: A Swiss company can only legally hire you if they can prove that they tried to find a local (as in EU!) candidate without luck. Unless you really are a specialist and an employer is willing to walk a long extra mile to go through the bureaucracy of hiring a non-EU will you have little to no chance. Sorry to be so direct, but you right now put time and effort on applications which will be either filtered out fully automatically or latest by some HR intern tasked to take all non-EU people out without even looking at your CV.

Once you are married and have a work permit will it be much easier... and you happen to be in one of the very few lines where German or French might not be mandatory.

Long story short: in your current situation can you really stop applying to public postings at the big banks unless you have some inside track and know somebody there who would manage to get you the first interview.
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Old 14.12.2015, 20:46
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Re: IT and Financial Services - Recruiters

This is what is required for any Swiss employer to be able to hire you:

https://www.sem.admin.ch/sem/en/home...zulassung.html

Once you are married and get a permit via that marriage you will bypass all this hassle. You effectively become like an EU citizen and bypass the non-EU hiring criteria. Wait until you get married and move over here. Then you will legitimately be able to put on your CV that you have a B permit. Hopefully then you'll have better luck, though the financial sector has been shrinking these last few years.

Until you're married you're simply wasting your time unless you're highly specialised with skills that can't be found here.
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Old 14.12.2015, 21:22
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Re: IT and Financial Services - Recruiters

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Hello Everyone,
I'm a US Citizen currently living in NewYork. My Fiancee is Swiss, we are going to live in Switzerland after we get married early next year. I'm an IT professional with a lot of experience with Fiancial Services companies, and I've started looking for Jobs in this field. I've tried the usual suspects, Jobs.ch and the websites of the big swiss banks, but no luck. I always get a boilerplate rejection message.

Can anybody put me in touch with a good IT recruiter, preferably someone dealing with Financial Services companies? Given my situation, a human introduction is needed, methinks.

Any help, advice greatly appreciated.

Regards,
Raj


I am assuming that your Partner speaks German since you put Luzern
on your Profile. The best Thing to do is learn as much German as possible before you get here.


If you decide to come without already having a Job, you could use
the time to immerse yourself in German.


www.klubschule.ch is probably the least expensive route.
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Old 15.12.2015, 16:47
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Re: IT and Financial Services - Recruiters

Thanks everyone for your comments and advise, much appreciated. I'm a little relieved that all the rejections are probably because of my Visa situation and not because of my skills or experience.

I'm really hoping to continue with my current job in NY until I have my WorkPermit and also a new job lined up here in Switzerland. Do you guys think I'm being too ambitious here? Can I wait till I get my WorkPermit and then apply for jobs remotely from Switzerland? Or do I have to bite the bullet and resign myself to coming to Switzerland without a Job and then look for jobs here?

Thanks!

Raj
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Old 15.12.2015, 16:58
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Re: IT and Financial Services - Recruiters

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Thanks everyone for your comments and advise, much appreciated. I'm a little relieved that all the rejections are probably because of my Visa situation and not because of my skills or experience.

I'm really hoping to continue with my current job in NY until I have my WorkPermit and also a new job lined up here in Switzerland. Do you guys think I'm being too ambitious here? Can I wait till I get my WorkPermit and then apply for jobs remotely from Switzerland? Or do I have to bite the bullet and resign myself to coming to Switzerland without a Job and then look for jobs here?

Thanks!

Raj
You will not get your Swiss permit until you move to Switzerland regardless of your marriage. The permit is for residents only. It's not available to anyone who's not living in Switzerland, even if married to a Swiss national.

You'll have to get married, your spouse will have to show they can afford to support you financially as their dependent and if everything's okay you'll be granted a dependent's B permit. Once you move over (ideally the spouse should move first as another requirement is for accommodation to be suitable for both of you) then you'll get your pre-approved permit issued to you and can start applying for jobs here.
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Old 15.12.2015, 17:12
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Re: IT and Financial Services - Recruiters

Ah, I see. Thanks for clearing up the confusion. Any other tips for laying the groundwork for a job search before I get here? Learning German is a solid idea, I'll get started on that. Anything else I can do remotely that would help later?
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Old 15.12.2015, 17:25
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Re: IT and Financial Services - Recruiters

I think lots of people here got jobs without knowing any German, but it's a good idea to do anyway. Try https://github.com/nicollcurtin/Guide-to-Switzerland for some advice, I found a job through Nicoll Curtin. Nice english speaking team there.
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Old 15.12.2015, 17:28
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Re: IT and Financial Services - Recruiters

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Thanks everyone for your comments and advise, much appreciated. I'm a little relieved that all the rejections are probably because of my Visa situation and not because of my skills or experience.
Raj, while your permit situation is likely the cause of most rejections, another thing you should understand is the current economic outlook for IT in the financial sector here in Switzerland.

And it's not so good.

The big banks have been cutting IT to the bone due to cost pressures, and look to continue doing so at least in the short term. Many jobs have already been automated or moved out of Switzerland to lower cost locations, or the work has gone to service providers rather than in-house.

Some of the jobs that remain are still here largely because they are directly tied to a Swiss-based profit making function or due to Swiss requirements. Others are in highly skilled niche areas.

Keep looking, certainly - but set your expectations and target companies accordingly.

At a time when Swiss IT folks are being laid off there isn't much incentive for a company to recruit a non-EU non-resident. At least once married with the proper permit you stand a better chance.

Some non-EU folks are still managing to find jobs here, but it's a very different climate than, say, 10 years ago.

Be prepared for a longer search than you might have needed in the past, set your compensation expectations in line with today's market.

Hopefully you will be the exception to current trends... but do make sure you understand what is going on in Swiss IT today.

Wishing you all the best...
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  #11  
Old 15.12.2015, 17:51
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Re: IT and Financial Services - Recruiters

The other thing you need to be aware of is your US tax filing obligations once you leave the States. Because the US system is citizen based and not residence based as in the rest of the world, you'll still need to file US tax returns and could owe the US tax on top of your Swiss ones. Start your research here:

https://www.irs.gov/Individuals/Inte...-Aliens-Abroad

Also be aware that as a US citizen there are very few Swiss banks that will accept you as a client due to the US's FATCA law (Google it or just search the Financial/Taxation section of the forum for FATCA - there are PLENTY of threads on the subject). To get a basic account here you'll need to sign a W-9 form to allow the bank to send your account details on to the IRS. And if any account/s comes to more than the aggregate figure of $10,000 at any time of the year you'll also have to file a FBAR form. It's best if you keep everything separate from your spouse's, i.e. no joint accounts of any kind.

Be warned too that Congress looks like it may tie passport renewal to being up to date with your tax filings/payments.

US Congress wants to tie passport to IRS fines

Welcome to the financial nightmare of Americans abroad.
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Old 15.12.2015, 21:49
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Re: IT and Financial Services - Recruiters

Thanks Madea and meloncollie. Yes, I'm familiar with FATCA, taxes and the insanity that is the US taxation system. BTW, do you know which banks here do accept US citizens as Clients?
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Old 15.12.2015, 21:53
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Re: IT and Financial Services - Recruiters

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Thanks Madea and meloncollie. Yes, I'm familiar with FATCA, taxes and the insanity that is the US taxation system. BTW, do you know which banks here do accept US citizens as Clients?
I believe the postal service does. (Yes, they also run a bank called "Postfinance")
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Old 15.12.2015, 22:10
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Re: IT and Financial Services - Recruiters

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Thanks Madea and meloncollie. Yes, I'm familiar with FATCA, taxes and the insanity that is the US taxation system. BTW, do you know which banks here do accept US citizens as Clients?
This sort of gives you a list, but I don't think it's comprehensive.

http://www.americanswelcome-expats.ch/bank-accounts.php

As far as I know UBS still accepts American clients. You could also try the cantonal banks of Zurich and Basel. But that is about the limit of your choices. Whether you would be able to get an investment account or a mortgage with any of them I can't say, if you're thinking along those lines for the future. We did get our mortgage with UBS in 2011 when I was still a US citizen, but it did almost scupper the agreement; the bank manager had to go off and call higher management to get the go ahead when he saw my little blue book. We've also been UBS customers since we moved here so that may also have made a difference.
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Old 16.12.2015, 09:42
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Re: IT and Financial Services - Recruiters

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Thanks Madea and meloncollie. Yes, I'm familiar with FATCA, taxes and the insanity that is the US taxation system. BTW, do you know which banks here do accept US citizens as Clients?
Second Treverus. My American friends are with Postfinance & happy with them.
If UBS accepts you then great as they've been great & speak English!
Good luck!
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Old 17.12.2015, 19:19
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Re: IT and Financial Services - Recruiters

Thanks everyone!
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