Explore: Accountancy and financial services

Managing Director, Treasury
Bank of America

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	Louisa Treasury
00:03	My name’s Louisa. I’m a Managing Director within the international treasury Division at Bank of America Merrill Lynch in London.
00:11	As most people know, the purpose of a bank is to help customers manage their money. Well the purpose of a treasury function is to manage the banks money so you can kind of see it as a bankers’ bank.
00:26	The people in treasury need to ensure that the bank and its operations are fully funded and able to operate every day.
00:35	The best bit about my job is the fact that I feel very much at the heart of the financial markets and, and the heart of the area of banking which really decides whether banks are sound and healthy enough to continue operating. What a treasurer is responsible for is really ensuring the financial health of a legal entity or a company and I like the feeling that I have this huge amount of responsibility on my shoulders to ensure that operation continues working.
01:12	I loved school. I loved learning. I loved being with my friends. I loved sport and school offered me all of those things. I was inspired around the age of 15 to head towards the financial markets as a career and that, the thing that inspired me at that time was a, a programme, a TV series which followed the lives of some high flying successful city traders and, and I watched that programme and I thought wow that looks quite glamorous and uh quite a nice lifestyle to have. You know I really enjoyed maths, I think that was my strongest subject.
01:54	There’s probably two key pieces of advice that I would give my former 15 year old self, firstly work very hard at that time, get some great grades but try to make yourself stand out in other ways such as extra curricular activities. It might be volunteering, it might be charity work, it might be captain of a sports team, it might be music or arts, you know the career place now is very competitive and you need to make yourself stand out amongst others. The other second piece of advice I would give is whatever you decide to follow just be passionate about it because unless you’re passionate about what you do I struggle to see how you can be truly true to yourself and really really successful.
02:41	END OF TRANSCRIPTION

“I really enjoyed maths, I think that was my strongest subject.” Louisa now helps manage Bank of America’s money, ensuring the bank and its operations are fully funded and able to operate every day.

More information about Financial institution managers and directors

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£73,320

average salary

The UK average salary is £29,813

average weekly hours

There are 37.5 hours in the average working week

62% male

38% female

The UK workforce is 47% female and 53% male

Future employment

Future employment?

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

Top 10 industries for this job

Financial services 57340

Auxiliary services 26022

Head offices, etc 5885

Insurance & pensions 5668

Legal & accounting 5305

Postal, etc 4892

Information services 2218

Office admin. 2021

Public admin. & defence 1321

Employment status