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My name is Robyn. I work in the Global Liquidity management team within Bank of America.
So liquidity is essentially cash or assets similar to cash, essentially we need to make sure the bank holds enough cash or cash equivalents to be able to meet any sort of outflows or meet any requirements during a sort of banking crisis or stress period for the bank.
At school I think I was always pretty academically minded. I tended to, maths was one of the subjects that I enjoyed most throughout most of my school time and then I guess towards the end of school I started to sort of go off it a bit, I got a bit bored at which point I kind of moved more on to other subjects so I, I took music for example and on that sort of same note I ended up going to university to study philosophy which despite being sort of told throughout my school career I really should go to uni to do maths I ended up doing something totally different as a really sort of tiny rebellion I guess.
A key turning point for me I’d say is in my second year getting chatting to someone on a train who happened to work in finance and from that and from his description of what he did I was like actually that, that sounds kind of like the sort of thing I’d be interested in doing. At this point I was already starting to think, oh well philosophy is interesting but maybe I miss the maths aspect and it, that conversation sort of convinced me it wasn’t just like pure quantitative crazy formulas, there was actually more to it.
The ability to do you know to do not hugely advanced maths but the ability to be comfortable with numbers is, is something that is important in my job but also just communication skills are huge, you’ve got to talk, we talk to so many people, so many different teams on a day to day basis. If I was just doing the same thing day in day out I think I’d find it quite easy to lose motivation.
You might be indecisive in which case you know you might not necessarily know as similar to me what you want to do in 5 years time or where you’re going to be in 5 years time so just keeping options open is always a good thing.
If you do want to get into this sort of role maintaining a sort of focus on the academic side is probably quite useful.I wouldn’t say it has to be specifically maths which I think a lot of people think it does have to be, I’m sort of testament to the fact that you don’t have to do economics or maths or something at university and you don’t have to have a focus from you know the age of 16 to end up here.
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Robyn wasn't sure what she wanted to do. She always enjoyed maths at school but decided to study a philosophy at university. Then a chance conversation with someone on a train led her to explore a career in finance.
More information about Financial institution managers and directors
Financial institution managers and directors plan, organise, direct and co-ordinate the activities and resources of banks, building societies, insurance companies and post offices.
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.
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.