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Careers

Retail banking

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Retail banks offer services and products to the general population to enable their customers to manage their daily finances. Personal customers tend to use retail banks and building societies for current and savings accounts and access to credit. These organisations operate on every high street, most have an online presence and generally offer telephone banking services.

Posted Wed, 13/10/2010 - 12:41 by peter panes
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Wholesale banking

Wholesale banking is commonly defined as banking services that are provided between merchant banks and other financial institutions. However, wholesale banking is often used as a term to refer to the wide range of financial services that are provided by financial institutions to various corporations and businesses.

Posted Wed, 13/10/2010 - 12:42 by peter panes

Insurance

The insurance sector employs more than 300,000 people in the UK , which is a third of all financial services jobs. There are more than 1,000 organisations undertaking insurance related activities authorised by the Financial Services Authority (FSA), managing almost £1.5 trillion in assets.

There are two main types of insurance products.

Posted Wed, 13/10/2010 - 12:43 by peter panes

Accountancy

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Accountancy helps form a clear financial image of how a business is functioning and is one of the oldest professions. It is often referred to as ‘the language and soul of business’ as it keeps a company’s financial information in pertinent order. This financial information is vital for management, employees, regulatory bodies, potential investors and other stakeholders to make informed decisions.

There are three main fields of accounting.

Posted Wed, 13/10/2010 - 12:44 by peter panes

Investment management

 

People working in the investment banking sector manage a client’s money in order to deliver capital and income growth.

Clients include:

  • the average individual with small sums to invest
  • millionaires with large amounts of money to invest
  • small businesses
  • multi-million or multi-billion pound funds of larger companies or pension schemes

Investment banking employers can include:

Posted Wed, 13/10/2010 - 12:44 by peter panes

Financial advice

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Financial advice exists in a variety of formats, often specific to a sub-sector of financial services, such as:

  • investment
  • insurance
  • borrowing
  • saving
  • life assurance
  • retirement planning

The need for financial advice grows as government increasingly wants individuals to rely less on the state and to achieve their financial security.

Financial advice is carried by advisors with varying titles including:

Posted Wed, 13/10/2010 - 12:45 by peter panes

Third party administration

In the last decade it has become increasingly prevalent for businesses to transfer one or more of their functions to an external specialist service provider. Formal contracts define the details and the two parties work together in an ongoing business relationship. This kind of arrangement is often known as ‘outsourcing’.

Posted Wed, 13/10/2010 - 12:45 by peter panes

Life assurance and pension adminstration

Life assurance companies provide their customers with financial protection and wealth management solutions.

Life assurance is all about:

■catering for the long-term aspects of an individual’s life
■ensuring that they are set up according to their personal needs
■taking account of their personal circumstances and using this information to plan as accurately as possible for the future

Posted Wed, 13/10/2010 - 12:46 by peter panes
Ten Group

This institution is a member of the Transforming Education in Norfolk (TEN) Group

City Academy Norwich
Wayland Academy
Norfolk University Technical College
Norfolk Educational Services