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Interested in joining the fastest growing FinTech organisation in the world? Would you like to take a seat in our structured Industry Development Programme where you will gain a career within investment operations and obtain an industry recognised qualifi
FNZ is more than a Fintech Unicorn. We’re a diverse group of creators and doers, builders and developers, teachers and students. We help people achieve their financial goals in partnership with extraordinary clients that create greater personal wealth for
No1 Legal and Professional
Excellent opportunity to work at a very well established fund management company and with the opportunity to become a assistant investment manager. The successful candidate would have some experience of working at a stockbroking firm, an IFA firm or even
The Banking and Financial Services (FS) sector in the UK is one of the most critical components of the UK’s economy, contributing 12% of the country’s total economic output in 2017. In spite of the 2008 crash, banking has continued to be one of the UK’s key sources of tax revenue (£66 billion) and also attracts the most foreign investment into the country (£100 billion). While most UK banks or FS firms’ head offices are based in London, over two thirds of their employees are based outside of London.
Banks and FS firms provide a range of different products and services which can be broadly split into the following categories:
Retail/High-Street Banking, which provides loans and bank accounts to consumers – if you have a bank account, you are a retail banking customer!
Investment Banking, which predominantly deals in stocks, shares and bonds.
Wealth/Asset Management & Hedge Funds, which manages investment accounts for clients (both for businesses and wealthy individuals).
Mergers & Acquisitions, which provides the finance and expertise to enable companies to buy other companies – typically M&A bankers will work either on the buy-side or sell-side of a transaction, advising their clients as to the right way to structure a deal to buy/sell part or the whole of a business.
Private Equity, this is investment with non-publicly listed funds, or investment into private businesses, or even the buying and ‘de-listing’ of public companies (PLCs).
Careers in banking and FS can therefore be rather varied, although in nearly all cases you will be involved in working with significant sums of money, either on behalf of the institution itself, or its clients.
While banks have worked to reduce the pressure and reform their organisations’ sales cultures since 2008, it remains the case that clients can be demanding, and the deadlines for project schedules are tight, which can mean that you will be working long hours and under pressure.
The banking and financial services sectors are experiencing constant innovation, including developing new sorts of financial products for their clients, as well as changing the way in which organisations deliver services to customers through new technologies. There has recently been a huge boom in the world of digital banking, with companies such as Monzo and Starling challenging traditional high-street banks through a completely online service and no physical branches.
Alongside innovation, the regulations surrounding the banking industry are constantly being altered, so you will need to make sure that you are aware of (and implementing) any changes required of you and the services you offer.