Compliance and Risk Manager
Fidelity International

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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.

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Check out 5 videos about this career


£43,160
average salary
The UK average salary is £27,011
37
average weekly hours
There are 39 hours in the average working week
36%  female  64%  male 
The UK workforce is 47% female and 53% male

Future employment

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
Top 10 industries
for this job
Auxiliary  services 59472
Financial services 50318
Head offices, etc 38157
Public admin. & defence 9056
Legal & accounting 8198
Real estate 4877
Wholesale trade 4325
Office admin. 3978
Insurance & pensions 3959
Architectural & related 2946
Employment status
Data powered by LMI For All

More information about

Check out 5 videos about this career


£43,160
average salary
The UK average salary is £27,011
37
average weekly hours
There are 39 hours in the average working week
36%  female  64%  male 
The UK workforce is 47% female and 53% male

Future employment

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
Top 10 industries
for this job
Auxiliary  services 59472
Financial services 50318
Head offices, etc 38157
Public admin. & defence 9056
Legal & accounting 8198
Real estate 4877
Wholesale trade 4325
Office admin. 3978
Insurance & pensions 3959
Architectural & related 2946
Employment status

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Paul C

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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