A Guide to Banking

 

Banks are large, complex organizations, but what do they do exactly?
Put simply, they provide services for those who want to borrow, lend and invest. Their clients range from individuals and institutions, all the way up to the governments and central banks of entire countries.
Banks must be ready to act on changes in the market triggered by anything from movements in the political climate, the financial climate or even the weather. So it’s vital that you’re able to adapt
to change, whatever your role or the area you work in.

There are four broad categories of banking:

Retail Banking – dealing directly with small businesses and individuals.

Commercial or Corporate Banking– offering banking facilities to medium-to-large- businesses.

Private Banking – a one-to-one service for rich individuals

Investment Banking – generally related to helping clients raise capital, often by investing in the fi nancial markets.

 

Banking offers different the careers options. We can group them   into the following:

Asset Management: Manage investments for private
funds, individuals and organizations. have the strategic skills and insight to develop products at the forefront of the industry.

Its right for you if you like to think ahead; the role is about developing sound investment choices that meet a client’s objectives.

Corporate Finance: Delivers the strategic advice
and fi nancial products that help large corporate
clients build their businesses and grow their
shareholder value.

 You are highly numerate – you’ll be working out
how diff erent strategies impact clients’ finances. Have excellent networking skills.

Finance: Carries out services essential to the running of
the business.

You have excellent numerical skills and are interested in creating complex mathematical models

Legal and Compliance: Banks make millions of transactions every day and they need this department to make sure it does not
break the rules.

You want to learn about international financial
regulations. Are precise – mistakes in Legal and Compliance
can be very costly.

Operations: Operations makes sure business is carried out
efficiently, on time and without riskIt’s chiefly concerned with Sales & Trading, processing the trades made on the trading floor

You want to get an in-depth understanding of how banks operate. Would like excellent career development opportunities.

Risk Management: Its role is essential to minimizing all sorts of business risks. It helps the bank grow while keeping an eye on the
potential consequences if something goes wrong.

You have a passion for statistical analysis . Are able to create and use complex mathematical models.

Sales & Trading: In simple terms, traders buy and sell products. We can find Sales, Trading, Structuring (tailoring products to client´s needs) and Resarch (analyzing a specific company or sector)

You are good with numbers. Are quick to learn, and very enthusiastic.

Wealth Management: it´s about managing people’s wealth. Making
their assets work hard calls for in-depth knowledge of financial markets and investment opportunities, plus the ability to nurture very good relationships with the high-net-worth
(HNW) individuals in question.

You want to manage the assets of some of the wealthiest individuals in the world. Are keen to use both your analytical skills and your excellent social skills.

As with any other company, we can also find the Human Resources, Technology or Treasury departments.

In any case, Banks must be ready to act on changes in the market triggered by anything from movements in the political climate, the financial climate or even the weather. So it’s vital that you’re able to adapt to change, whatever your role or the area you work in.

 

Fuente: Deutsche Bank

 

 

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