News and resources on devops, tools, platforms and APIs for developers and tech leaders in banks and fintechs worldwide.
JPMorgan introduces mandatory coding courses

JPMorgan introduces mandatory coding courses

JPMorgan is introducing mandatory coding courses for all employees in its asset management division, the FT reports.

So a far a third of the bank's analysts and associates have been trained to use Python coding, the paper reports, with courses in data science and machine learning also being drawn up.

Mary Callahan Erdoes, head of JPMorgan Asset Management, tells the FT: “By better understanding coding, our business teams can speak the same language as our technology teams, which ultimately drives better tools and solutions for our clients.”

Elsewhere on Wall Street, the innovation bug is hitting Morgan Stanley, which is about to convert 1.2 million square feet of office space into a millennial playground.

The firm's head of technology Rob Rooney tells Bloomberg: “The workplace needed to be designed around a much more dynamic, millennial kind of workforce. We’re trying to attract the next generation of the best and brightest.”

Dubbed 'Workplace Evolution, the programme will see wood-panelled offices abandoned in favour of glass partitions and interactive whiteboards and a more relaxed dress code.

Comments: (3)

Andrew Miller
Andrew Miller - Net Effect Ltd - London 09 October, 2018, 18:42Be the first to give this comment the thumbs up 0 likes

An interesting approach, quite the reverse of the classic (but seldom adequately actioned) ploy of teaching coders to understand the business.  I sure JPM isn't guilty, but how many man hours (years?) have been wasted trying to untangle systems created with no quality or change control by various business experts who 'dabbled' with complex cross-linked spreadsheets and access databases. A little knowledge can be a dangerous thing?

A Finextra member
A Finextra member 10 October, 2018, 08:31Be the first to give this comment the thumbs up 0 likes

Getting everyone properly trained in languages like Python is a great idea. At least everyone is receving training. When's the last time mass Excel training was rolled out? To AndrewMiller's point, a comprehensive end-user computing governance policy would help ensure critical code, in the hands of end-users, is listed in an inventory and under change management controls. Lowering the risks of errors and failures leading to financial losses.

Andrew Miller
Andrew Miller - Net Effect Ltd - London 10 October, 2018, 20:10Be the first to give this comment the thumbs up 0 likes

David's point on inventory and change control is spot-on. If only more banks had a handle on their exposure in this area. There's much talk but little action re Basel's concern over EUC risk, while there are firms out there with great tools to help construct not only the application inventory but also the data paths between the applications. The financial sense, if only in reduction of the capital adequacy haircut seems obvious.