Explore: Being open to opportunities
Assistant Vice President, Treasury
Bank of America
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| Robyn
Treasury |
|
| 00:02 | My name is Robyn. I work in the Global Liquidity management team within Bank of America. |
| 00:11 | 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. |
| 00:30 | At school I think I was always pretty academically minded. Â 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. |
| 01:10 | 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. |
| 01:42 | 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. |
| 02:06 | 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. |
| 02:17 | 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. |
| 02:39 | END OF TRANSCRIPTION |
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.
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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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