Banking and Finance Contract opportunities and qualifications

There are many different roles within banking, which are not always clear-cut. Although banking can be broadly divided into “retail banking” and “investment banking”, these functions can often be found within the same organisation – the large “High Street” banks, for example, also have corporate and investment banking operations.

Retail Banking

Covers the financial services provided by the High Street” banks for individual personalcustomers and small businesses through their branch network, especially: safe custody of money, transmission of money between accounts, provision of loans, foreign exchange, etc., provision of financial advice, provision and marketing of financial services e.g. insurance, mortgages, stockbroking. Employers include UK clearing banks, building societies, foreign banks with a UK branch network and finance houses.

The work involves: responsibility for the overall management of staff, work and resources of a branch, advising customers on business and personal finance, authorising loans and overdrafts within bank’s guidelines, developing contacts with the local community and businesses. You will be expected to meet targets and promote the bank’s products and services. The work therefore involves elements of human resource management and marketing as well as banking.

Qualities required include good inter-personal skills, leadership, persuasiveness, integrity, adaptability and business awareness. Some banks expect management staff to be completely mobile throughout the U.K.  although others only demand mobility within a limited geographical area.

Investment Banking

Covers the provision of specialised financial services and advice to industrial, commercial and government clients.

It involves corporate finance – mergers, acquisitions, Stock Exchange quotations for new issues, arranging loan facilities for governments and corporations, financing large international projects, large-scale foreign exchange dealings, negotiating acceptance credits, loans, export guarantee credits and investment management.

Employers include not only large international banks but also the large UK clearing banks, which may have separate graduate recruitment schemes for retail and investment banking. There are also a number of medium-sized (“mid-cap”) and small (“boutique” ) investment banks

Qualities required include: a very good academic record (2.1 min in any degree subject, plus good grades at A-level or equivalent) excellent interpersonal skills, good written and verbal communication skills and numeracy, resilience and confidence and business interest.

Satisfactions: Completion of a successful transaction, particularly when market is difficult. Well-paid.
Negatives: Long hours – starting at 7 .00 a.m. & finishing around 6 .00 p.m. Very demanding & aggressive environment.
Tips: May be easier to enter as an IT Consultant, qualified lawyer or part qualified/ qualified accountant than as new graduate.


Contract opportunities are limited to candidates with finance and banking experience and who can make an immediate contribution they must be immediately available, flexible with a good  set of references and an excellent credit rating.

Banking Qualifications- Fall into a number of different areas.

Compliance- Anti money laundering compliance and Financial Crime prevention

Chartered Institute of Banking services

Chartered Financial Analyst Institute

FSA Exams -set by the Security and investments Authority

Must be passed for the financial services authority a universal finance regulator to approve you as an investment banker. You need to pass regulations exams to to speak to clients and the securities and derivatives exams to deal in securities and derivates.

Also certificates in investment management and corporate can be taken –

7 CITY- or BPP – are traditionally used for course materials and training courses (5 days) and exams can be booked through  banking exams


At BITE the right Qualifications can help you be an effective banking contractor in the UK and London Marketplace.


Find out more about BITE Compliance – Send in your CV

No Job no Training costs guarantee disclaimer: Under the 10 step job search program, we can’t help you get a job unless you regularly visit our offices, attend coaching and mentoring sessions, utilising the support provided to you. We work face to face with real people and you must work with us to help you. If then you don’t gain a job in the agreed time having attended the whole 10 step career coaching programme and used our job search database correctly we won’t charge you a penny and will refund the cost of any training you have undertaken that we have advised you to invest in!

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However If you purchase one of our training modules separately, attend and are not satisfied with it we will refund your money.BITE Compliance covers: IT Contracting London UK, IT Consulting London UK, IT Contract work London, IT contract Jobs London, Temporary IT work in London, Temporary IT Jobs in London, working with Freelance Interim Consultants for professional jobs and IR35 and Limited company or PSC Compliance services.

BITE also offers: Contractor marketing and advertising services, CV Marketing services,  with how to write an IT Contract CV to produce a Killer contract CV with, IT CV templates and IT CV examples. Your Jobsearch in our London office provides access to the hidden contract job market, career coaching for contractors, and contractor career management services .

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