There are many different roles within banking, which are not always clear-cut. Although banking can be broadly divided into retail banking and investment banking, these functions can often be found within the same organisation the large High Street banks also have corporate and investment banking operations.Banking jobs have a high demand in the job market.
RETAIL BANKING
It covers the financial services provided by the "High Street" banks for individual personal customers and small businesses through their branch network, especially: safe custody of money, transmission of money between accounts, provision of loans, foreign exchange, etc., provision of financial advice, provision and marketing of financial services e.g. insurance, mortgages, stockbroking.Employers include UK clearing banks, building societies, foreign banks with a UK branch network and finance houses. The work involves responsibility for the overall management of staff, work and resources of a branch, advising customers on business and personal finance, authorising loans and overdrafts within bank's guidelines, developing contacts with the local community and businesses. You will be expected to meet targets and promote the bank’s products and services. The work therefore involves elements of human resource management and marketing as well as banking.Qualities required include good inter-personal skills, leadership, persuasiveness, integrity, adaptability and business awareness. Some banks expect management staff to be completely mobile throughout the U.K. although others only demand mobility within a limited geographical area.
BANK MANAGER –QUALIFICATIONS
The financial services provided by the High Street banks for personal customers & small businesses through their branch network, especially: Safe custody of money. Transmission of money between accounts. Provision of loans, foreign exchange, etc Provision of financial advice, Provision & marketing of financial services e.g. insurance, mortgages, management of staff, work & resources of a branch, Advising customers, Authorising loans & overdrafts, Developing contacts with the local community. Whilst training you are quickly moved through a branch, then to a lending centre then to a business centre - to experience larger business lending. The next move might be into corporate or international lending.Building a relationship with customers; providing a quality service and being thanked for it; progression/promotion in a short space of time, solid training opportunities.Spoken communication, analysing, negotiating, cooperating, numeracy, personal qualities required: integrity, honesty, good character, adaptability, DEGREE: Any degree subject acceptable, but must have a reasonable level of numeracy.Careers Service vacancy lists & national press.Apply early to Graduate Training Programmes.Banks careers websites include graduate case histories, details of training programmes, etc. Try to obtain a summer placement - gives a good insight. Have determination to succeed - it really is dog eats dog in assessment centres. Develop good interpersonal, team and communication skills. Patience & adaptability are also necessary attributes.
INVESTMENT BANKING
It covers the provision of specialised financial services and advice to industrial, commercial and government clients. It may also be referred to as merchant banking, and overlaps with international banking.It involves corporate finance - mergers, acquisitions, Stock Exchange quotations for new issues, arranging loan facilities for governments and corporations, financing large international projects, large-scale foreign exchange dealings, negotiating acceptance credits, loans, export guarantee credits and investment management. Employers include not only large international banks and the old-established merchant banks but also the large UK clearing banks, which may have separate graduate recruitment schemes for retail and investment banking. Qualities required include good academic record in any degree subject, excellent interpersonal skills, good written and verbal communication skills and numeracy, resilience and confidence and business interest. There are relatively few vacancies and fierce competition for places - apply very early in your final year to graduate training schemes and look out for summer internships in the first term of your second/penultimate year.This job includes contacting European or other overseas banks and corporates to ascertain their borrowing requirements. Matching investment requirements of the parent bank with the funding requirements of European issues.Administration & staff management generally.U.K. merchant or investment banks - including merchant banking divisions of clearing banks are the usual employers.Foreign commercial or investment banks.Spoken and written communication, analysing, investigating, persuading, numeracy.
INVESTMENT ANALYST
Researches financial information about companies and gives this information to fund managers to help them manage investment portfolios. This will involve analysing information, meeting with company representatives to question them about the finances of the company, checking for political, economic and business developments that may influence the financial markets, and producing reports.
Investment management companies, investment banks and stockbrokers.etc are the usual employers.Qualification is any subject, but mathematics, economics, finance-related useful.MBA is also given more importance
FINANCIAL ANALYST
This job involves carrying out primary research on financial institutions such as banks and insurance companies in several countries,managing research projects from conception to delivery,reading financial press,visiting city business library and other online sources,designing spreadsheet based models,liaising with clients.The compaies who employ Financial Analysts are Banks,insurance companies,fund managers, consultants.The skills necessary are spoken communication, analysing, investigating, cooperating,numeracy.
RETAIL BANKING
It covers the financial services provided by the "High Street" banks for individual personal customers and small businesses through their branch network, especially: safe custody of money, transmission of money between accounts, provision of loans, foreign exchange, etc., provision of financial advice, provision and marketing of financial services e.g. insurance, mortgages, stockbroking.Employers include UK clearing banks, building societies, foreign banks with a UK branch network and finance houses. The work involves responsibility for the overall management of staff, work and resources of a branch, advising customers on business and personal finance, authorising loans and overdrafts within bank's guidelines, developing contacts with the local community and businesses. You will be expected to meet targets and promote the bank’s products and services. The work therefore involves elements of human resource management and marketing as well as banking.Qualities required include good inter-personal skills, leadership, persuasiveness, integrity, adaptability and business awareness. Some banks expect management staff to be completely mobile throughout the U.K. although others only demand mobility within a limited geographical area.
BANK MANAGER –QUALIFICATIONS
The financial services provided by the High Street banks for personal customers & small businesses through their branch network, especially: Safe custody of money. Transmission of money between accounts. Provision of loans, foreign exchange, etc Provision of financial advice, Provision & marketing of financial services e.g. insurance, mortgages, management of staff, work & resources of a branch, Advising customers, Authorising loans & overdrafts, Developing contacts with the local community. Whilst training you are quickly moved through a branch, then to a lending centre then to a business centre - to experience larger business lending. The next move might be into corporate or international lending.Building a relationship with customers; providing a quality service and being thanked for it; progression/promotion in a short space of time, solid training opportunities.Spoken communication, analysing, negotiating, cooperating, numeracy, personal qualities required: integrity, honesty, good character, adaptability, DEGREE: Any degree subject acceptable, but must have a reasonable level of numeracy.Careers Service vacancy lists & national press.Apply early to Graduate Training Programmes.Banks careers websites include graduate case histories, details of training programmes, etc. Try to obtain a summer placement - gives a good insight. Have determination to succeed - it really is dog eats dog in assessment centres. Develop good interpersonal, team and communication skills. Patience & adaptability are also necessary attributes.
INVESTMENT BANKING
It covers the provision of specialised financial services and advice to industrial, commercial and government clients. It may also be referred to as merchant banking, and overlaps with international banking.It involves corporate finance - mergers, acquisitions, Stock Exchange quotations for new issues, arranging loan facilities for governments and corporations, financing large international projects, large-scale foreign exchange dealings, negotiating acceptance credits, loans, export guarantee credits and investment management. Employers include not only large international banks and the old-established merchant banks but also the large UK clearing banks, which may have separate graduate recruitment schemes for retail and investment banking. Qualities required include good academic record in any degree subject, excellent interpersonal skills, good written and verbal communication skills and numeracy, resilience and confidence and business interest. There are relatively few vacancies and fierce competition for places - apply very early in your final year to graduate training schemes and look out for summer internships in the first term of your second/penultimate year.This job includes contacting European or other overseas banks and corporates to ascertain their borrowing requirements. Matching investment requirements of the parent bank with the funding requirements of European issues.Administration & staff management generally.U.K. merchant or investment banks - including merchant banking divisions of clearing banks are the usual employers.Foreign commercial or investment banks.Spoken and written communication, analysing, investigating, persuading, numeracy.
INVESTMENT ANALYST
Researches financial information about companies and gives this information to fund managers to help them manage investment portfolios. This will involve analysing information, meeting with company representatives to question them about the finances of the company, checking for political, economic and business developments that may influence the financial markets, and producing reports.
Investment management companies, investment banks and stockbrokers.etc are the usual employers.Qualification is any subject, but mathematics, economics, finance-related useful.MBA is also given more importance
FINANCIAL ANALYST
This job involves carrying out primary research on financial institutions such as banks and insurance companies in several countries,managing research projects from conception to delivery,reading financial press,visiting city business library and other online sources,designing spreadsheet based models,liaising with clients.The compaies who employ Financial Analysts are Banks,insurance companies,fund managers, consultants.The skills necessary are spoken communication, analysing, investigating, cooperating,numeracy.
