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.
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More information about Finance and investment analysts and advisers
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£52,520
average salary
The UK average salary is £29,813
38
average weekly hoursThere are 37.5 hours in the average working week
70%
male
30%
female
The UK workforce is 47% female and 53% male
Future employment
Future employment
Description
Finance and investment analysts and advisers 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, considering 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
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