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JPMorgan now poaching engineers from Goldman in Texas

If you want a technology job with an investment bank, Texas is turning out to be the place to be. JPMorgan has a Plano campus and announced plans to shift another 4,000 people there last year, including from New York. Meanwhile, 20 miles away in Dallas, Goldman Sachs is also busy hiring.

The combination is creating a poaching war of the type previously associated with Wall Street or Silicon Valley.

Right now, JPMorgan bank has 247 open tech opportunities in Plano. It wants cloud engineers, Java engineers, Blockchain security engineers, and cybersecurity professionals to name but a few. Goldman Sachs also has 47 open jobs in Irving, Dallas, including for a front office ‘control’ engineer, someone to work on the SecDB risk and pricing system, and even a prime services strat. A few years ago, Goldman started locating the technology jobs associated with Marcus, its retail bank, in Texas, but there are signs now that it’s locating investment banking jobs there too. – CFO Stephen Scherr said this week that the firm is pushing more talent into Dallas, Salt Lake City, and Bangalore and that the breadth of roles being shifted is expanding.

Not everyone wants to work in Dallas. Therefore, if you’re a banking technologist already in the city, you’re going to be a premium. Accordingly, JPM just poached Syed Husain, the global head of Global Head of Release Engineering for the Datalake system at Goldman. Husain is joining JP as an engineering platform for lead for Helix, JPM’s merchant platform.

One technologist at Goldman who moved to Irving from NYC tells us it’s a good place to be and that more technologists should follow. “I was looking for a place to go from NY, which still had lots of diversity, things to do, shopping, restaurants, and community. Irving ticked all those boxes, especially with a family,” he says. “I don’t regret moving down at all. There’s a big demand for tech resources, so overall I think a good place to be for the foreseeable future.” Read more via efinancialcareers

Pemo Theodore

Pemo Theodore is a Media Publisher and a great people connector. She was Founder Silicon Valley TV which has served the San Francisco Bay Area for 10 years! She has produced Silicon Valley Events for Investors & Startups for 10 years. Pemo loves to video interview venture capitalists & founders to engage the human behind the success stories.. She has been Executive Producer of FinTech Silicon Valley for 6 years, organizing twice monthly FinTech talks & panels in San Francisco & Palo Alto and audio podcasts. She believes in learning through a great discussion with experts in the domains. Pemo has a talent to bring the right people together and is an incredible networker. Pemo's events have been seen as supporting Venture Capitalists & Angels in sourcing great deal flow from startups who attend her events. Many founders have received funding through meeting investors at her events. Her favored medium is audio & visual media and she has built up a great body of work of videos of panels & interviews and podcasts in Silicon Valley startup ecosystem. She has lived & worked in Canada, Australia, New Zealand, Ireland, London, Northern Ireland & Silicon Valley. Bio

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