Rahul O - Compliance and Risk Manager

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Rahul O

00:00:03 My name is Rahul O, and I work as a Compliance and Risk Manager. As a Compliance Manager I provide support to the Business Unit on regulations, and how best to implement monitoring. So what that means is, I train the Fund Managers on new rules, and I work with our back office team to set up rules to prevent us from violating any regulation. As a Risk Manager I produce reports, and matrix and tools for the investment team, so they can use those tools to better assess the risks in their funds.

00:01:30 I was born in the US. I lived in the US till I was about 13. When I was 13 my parents moved to India, so I went to India with them. I was in boarding school for a couple of years, and I gradually moved to Delhi, to finish my undergraduate degree. Initially I had quite a bit of problems moving to India. I didn’t speak the language, I didn’t know a lot about the culture, but I think over the years I've really begun to enjoy India a lot. Understand the culture, I've made lots of friends there, can speak the language, love the food. I look back now, and I actually thank my parents every day, because moving to India actually forced me to work a lot harder, pay more attention to what I was doing. And I think over time that's really shown in kind of my career and, you know, even my academic endeavours.

00:01:58 Job loss is the hardest thing I've had to deal with. When I was working at the small bank that was bought by Rocovia, we were laid off. And that's – that's a tough time, I think, in anybody’s life, because you’re laid off and, you know, you don’t have a job to go to the next morning. So just getting out of bed at that point and, you know, kind of saying how am I going to deal with all of this? I mean I think that's quite overwhelming, and that was difficult.

00:02:31 I moved back to New York, and I got a job with Alliance Bernstein, which is another Institutional Asset Manager. And I worked for them for about two and a half years – before joining Fidelity. So I joined Fidelity in Bermuda. I kind of just wanted to take some time and get out of New York, it was a little stressful - working at Alliance was quite tough, because you had to get in at five thirty in the morning and, you know, usually out by around seven, eight o’clock. So I decided I needed a break, and sunny Bermuda was a great place to be. And I just kind of felt being there that this was just so much more relaxed lifestyle than New York. So I was – I felt the decision was actually quite easy for me.

00:03:19 I think I really just want to be the best at whatever I do. I always want to learn, read more, very interested in learning things, and that's part of the reason that I've been doing different degrees, you know, you just want to be the best at your career.

00:03:35 I think a high point for me has been moving countries actually. At a very early age I moved to India, and that was an experience - you know, massive cultural change, dealing with that. And I think when I finally got used to moving - living in India, and actually enjoying the culture, I moved back to the States. And then from there moving to Bermuda, and then again to London, I think all of these – these moves had a significant impact.

ENDS

Rahul O

Rahul O My name is Rahul O, and I work as a Compliance and Risk Manager. As a Compliance Manager I provide support to the Business Unit on regulations, and how best to implement monitoring. So what that means is, I train the Fund Managers on new rules, and I work with our back office team to set up rules to prevent us from violating any regulation. As a Risk Manager I produce reports, and matrix and tools for the investment team, so they can use those tools to better assess the risks in their funds. I was born in the US. I lived in the US till I was about 13. When I was 13 my parents moved to India, so I went to India with them. I was in boarding school for a couple of years, and I gradually moved to Delhi, to finish my undergraduate degree. Initially I had quite a bit of problems moving to India. I didn’t speak the language, I didn’t know a lot about the culture, but I think over the years I've really begun to enjoy India a lot. Understand the culture, I've made lots of friends there, can speak the language, love the food. I look back now, and I actually thank my parents every day, because moving to India actually forced me to work a lot harder, pay more attention to what I was doing. And I think over time that's really shown in kind of my career and, you know, even my academic endeavours. Job loss is the hardest thing I've had to deal with. When I was working at the small bank that was bought by Rocovia, we were laid off. And that's – that's a tough time, I think, in anybody’s life, because you’re laid off and, you know, you don’t have a job to go to the next morning. So just getting out of bed at that point and, you know, kind of saying how am I going to deal with all of this? I mean I think that's quite overwhelming, and that was difficult. I moved back to New York, and I got a job with Alliance Bernstein, which is another Institutional Asset Manager. And I worked for them for about two and a half years – before joining Fidelity. So I joined Fidelity in Bermuda. I kind of just wanted to take some time and get out of New York, it was a little stressful - working at Alliance was quite tough, because you had to get in at five thirty in the morning and, you know, usually out by around seven, eight o’clock. So I decided I needed a break, and sunny Bermuda was a great place to be. And I just kind of felt being there that this was just so much more relaxed lifestyle than New York. So I was – I felt the decision was actually quite easy for me. I think I really just want to be the best at whatever I do. I always want to learn, read more, very interested in learning things, and that's part of the reason that I've been doing different degrees, you know, you just want to be the best at your career. I think a high point for me has been moving countries actually. At a very early age I moved to India, and that was an experience - you know, massive cultural change, dealing with that. And I think when I finally got used to moving - living in India, and actually enjoying the culture, I moved back to the States. And then from there moving to Bermuda, and then again to London, I think all of these – these moves had a significant impact. ENDS

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About Rahul O

Age at filming: Not stated, Employer's name: Fidelity International
Rahul O is a Compliance and Risk Manager at Fidelity. He makes sure that fellow employees follow the rules of finance and he makes sure that risks to the company are understood. He has been able to travel and work in India, New York, Bermuda and London in the finance industry.

More information about finance and investment analysts and advisers

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Check out 5 videos about this career


Average Salary
£38,480
Average Weekly Hours
38
Past Unemployment
YearUnemployed
20114%
20124%
Predicted Employment
Future Employment Chart
Top 10 Industries
For This Job
IndustryJobs
Wholesale trade15,635
Retail trade15,490
Auxiliary  services15,470
Public admin. & defence14,229
Head offices, etc10,673
Employment activities7,607
Real estate 6,989
Financial services6,796
Health 6,730
Services to buildings6,637
Employment Status
Employment Status Chart
Description

Job holders in this unit group advise customers, who may be individuals, companies or specialist groups, on the purchase of investments, insurance, mortgages, pensions and other financial services and products.

Qualifications

There are no formal academic requirements although entrants usually possess GCSEs/S grades and a degree in a relevant subject is sometimes required. Training may be undertaken in-house or entrants may attend courses run by professional institutions. Registration with a regulatory authority is required in some positions.

Tasks
  • Predicts the likely long- and short-term future performance of securities and other financial products and advises upon what will be an appropriate investment for their clients
  • Analyses the financial position of clients, taking into account outgoings, dependants and commitments
  • Advises on the relative merits of pension schemes, insurance policies and mortgages that best meet the needs of clients given their personal circumstances
  • Monitors information on the socio-economic environment and interprets the implications of such information for their clients
  • Prepares summary reports of findings for fund managers
  • Keeps up to date with financial products, legislation and requirements for compliance with the relevant regulatory authority
  • Identifies and attracts new clients by arranging visits and explaining the benefits of financial products.
Employment by Region
Regional Employment Chart
Gender Balance
M 53% 47% F
Skills Chart
Where to go next
An overview of the financial services sectorSector Skills Council for Financial Services

More information about financial institution managers and directors

Data powered by LMI For All

Check out 3 videos about this career


Average Salary
£51,480
Average Weekly Hours
38
Past Unemployment
YearUnemployed
20112%
20122%
Predicted Employment
Future Employment Chart
Top 10 Industries
For This Job
IndustryJobs
Retail trade12,446
Wholesale trade10,211
Specialised construction 5,307
Head offices, etc4,872
Public admin. & defence4,637
Auxiliary  services4,628
Health 4,477
Computer programming, etc4,011
Financial services3,433
Architectural & related3,186
Employment Status
Employment Status Chart
Description

Financial institution managers and directors plan, organise, direct and co-ordinate the activities and resources of banks, building societies, insurance companies and post offices.

Qualifications

Entry is possible with A levels/H grades, S/NVQ levels 4 and 5, a degree or equivalent qualification. Those with higher qualifications obtain accelerated training. Internal promotion to management is also possible. On-the-job training is provided. Professional qualifications are available and often mandatory.

Tasks
  • Plans, organises, directs and co-ordinates the activities of financial institutions
  • Verifies that accounting, recording and information storage and retrieval procedures are adhered to
  • Authorises loans and mortgages in accordance with bank or building society policy
  • Promotes financial services, establishes contact with the local business community and professional firms
  • Preparing general reports and briefs on more complex cases for senior management
  • Ensures compliance with the statutory regulatory framework.
Employment by Region
Regional Employment Chart
Gender Balance
M 68% 32% F
Skills Chart
Where to go next
An overview of the financial services sectorSector Skills Council for Financial Services

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