Accountancy roles in Banking?
Discussion
All
Considering my options as am due to be made redundant in Q3 this year. Working in London is a possibility if I can't find anything regional and closer to home.
Two questions:
1) what sort of roles do accountants typically play in a city bank? My skills lie in the P&L/cost analysis, budgeting and cashflow side rather than statutory reporting (thank the Lord).
2) am I hampered by the fact I have zero experience in the Financial Services industry? I have 5 years at a Big Four firm plus 5 years at an Oil refiner / retailer. I know jobs at banks are highly competitive so wondering if it is a total non-starter...
I am currently at Staff / Senior Accountant level.
HannsG - am I right in saying you are CIMA qualified and work at a bank?
Considering my options as am due to be made redundant in Q3 this year. Working in London is a possibility if I can't find anything regional and closer to home.
Two questions:
1) what sort of roles do accountants typically play in a city bank? My skills lie in the P&L/cost analysis, budgeting and cashflow side rather than statutory reporting (thank the Lord).
2) am I hampered by the fact I have zero experience in the Financial Services industry? I have 5 years at a Big Four firm plus 5 years at an Oil refiner / retailer. I know jobs at banks are highly competitive so wondering if it is a total non-starter...
I am currently at Staff / Senior Accountant level.
HannsG - am I right in saying you are CIMA qualified and work at a bank?
Legend83 said:
trickywoo said:
Might be worth looking at a fund accountant role.
Is that "product controller" by a different name?Plenty of options for accountants in banks, you have lots of experience and although it's not in the finance sector, it won't be an issue. You just need to demonstrate an interest in whatever role you're applying for. I'd say most product controllers came from a Big 4 firm.
You'd probably want to go contracting though, rates are far better than perm. With your experience I'd say £350-450 a day at a tier 1/2 bank.
Shaoxter said:
No, they work in different areas.
Plenty of options for accountants in banks, you have lots of experience and although it's not in the finance sector, it won't be an issue. You just need to demonstrate an interest in whatever role you're applying for. I'd say most product controllers came from a Big 4 firm.
You'd probably want to go contracting though, rates are far better than perm. With your experience I'd say £350-450 a day at a tier 1/2 bank.
Interesting, thank you. I have not considered contracting before - would this require directly contacting the employer to discuss contract opportunities or would a reputable agency be able to point me in the right direction?Plenty of options for accountants in banks, you have lots of experience and although it's not in the finance sector, it won't be an issue. You just need to demonstrate an interest in whatever role you're applying for. I'd say most product controllers came from a Big 4 firm.
You'd probably want to go contracting though, rates are far better than perm. With your experience I'd say £350-450 a day at a tier 1/2 bank.
Totally depends on the bank and the team. Culture in American banks is much more intense than European ones. And within each bank, hours can be very different depending on which desk and who you work with.
The people doing long hours are there because of process inefficiencies or being understaffed so try to avoid those kind of teams if you can. Although there will generally always be long hours around month end.
The people doing long hours are there because of process inefficiencies or being understaffed so try to avoid those kind of teams if you can. Although there will generally always be long hours around month end.
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