Interview - Orderly resolution question

TheFORCE

I have an interview for a VP position for an Info-sec Officer next week with a European bank that is going through an orderly resolution. The bank got a lot of bailout money from the EU and from the US during the financial crisis and now they are going through an orderly resolution. Over 90% of the bank is owned by a foreign government in Europe that i will not mention. Anyway, what that means is that they are are restructuring and selling assets but they are not forced to sell at whatever price, instead they have a time frame that the board members have decided they should complete this order resolution by. From what my recruiter said, they want to close the US based offices in the next 5 years.

My current situation is very stable but the money is not as good as what the above position is offering, there's a 20-30k difference and a chance to finally get over the 100k mark. My current company is growing rapidly and I get to play with cool tools, after i complete 1 project i jump to the next right away, there is no stress other than completing my tasks. I manage my own small projects so i get great amount of experience in project management and in implementing various tools. The above job though, is very unknown.

So what would you guys do? There is no offer yet, just an offer for an in-person interview because all the previous people they interviewed did not make it to the next round. Would you go for it knowing that a company is existing the country you live and knowing the financial status they are? Five years is a long time, but just knowing that fact just makes me uneasy. Thoughts?

Kreken

I would take the chance for a few reasons. 1. As you said, 5 years is a long time. 2. More money. 3. VP title, it would be easier to get into a management position. 4. Financial industry.

ITSpectre

So what is your gut telling you to do.... you are in a comfy good position right now but the pay from the other job is better BUT it is still unknown. Sometimes we have to go the unknown route to get to where we really want to be.

Are there advancement opportunites with your current company? To me it sounds like the money/title is really the only thing that is motivating you to take the position.

I would go for the interview. A lot can happen in 5 years!! Their financial status could improve, you could find a better job then that one later down the line... and you have a 5 year span to look for the next step. In the meantime you can get certs and get other creds in those 5 years. In reality either way you go you are in a good spot.

DECISION....
Do you want to do Infosec or project management?????

REMEMBER!
If your current company does not have room to advance and you feel like you have maxed yourself out... then its time to move on.

blatini

Really depends on how much you want to get into management. Sounds like you really enjoy what you have for all the important reasons. Moving on from that I would have to know that the next position is going to be a huge improvement, outside of title and money.

joemc3

You don't turn down the VP title. The job pays more so...
Not many people will get to have a VP title. You can continue to get VP titles once you have had that position. It's nice to get out of your comfort zone and be challenged. I would have handed in my two weeks already.

TranceSoulBrother

Get challenged. Earn the title. Get the pay.
Orderly resolution and a 5 year timeframe might mean faster and more precarious but I guess that if you spend at least 1-2 years with them doing the job, you get the experience and the opportunity to jump ship if they decide to accelerate their timeline and dislodge their US assets faster. But it doesn't seem like it since it's owned by a (foreign) government. Governments move slower and more methodical than private entities.

$bvb379

Just curious, are you aware of the financial situation your country is facing? Brexit? Failing banks? As someone who considers finance a hobby and trades forex, I would be aware from a non-IT perspective. Just my 2 cents.

TheFORCE

$bvb379 wrote: »

Just curious, are you aware of the financial situation your country is facing? Brexit? Failing banks? As someone who considers finance a hobby and trades forex, I would be aware from a non-IT perspective. Just my 2 cents.

Yes absolutely, I follow world economics too and how things are in the EU. This company though is just concerned with the 5 year target of their US based office at this time and I have no idea of their other plans, from my research though they were one of the biggest banks that got almost 50 billion in bailout money. That's why knowing these stuff makes me a feel uneasy, because i just don't understand how a company that got 50 billion in bailout money can still offer to give 10-20% bonus on top of the salary.

$bvb379

Gotcha. I am finding out in my early days that a lot of IT professionals, especially the "I want to be a techie only" have a sort of tunnel vision way of thinking, especially around my age (26). You seem like you are a little more senior judging by your join date, though. It has always been a bigger picture first, smaller picture second thought process for me. Good to see someone else is aware of their surroundings.