To Infinity From Banking

A strange way to introduce a blog? Maybe, but this is our story, and it shows that flexibility has been the key to how far we have come from our directors’ background in Banking. Why infinity? Well do we know exactly where we will end up? Of course not, but we know where we would like to be. We plan like many others do and it proves that we practice what we preach!

How Ian Got Into Banking

There is a very personal story, and it all starts with Ian’s original thoughts of what his career was meant to look like. His original choice was to be an accountant, but a set of personal circumstances (known by those that know me the best) meant that this choice seemed to evaporate into the ether.

So it meant a change of tactics and he found a job in a retail bank. He set his goal to be a branch manager. He knew that to get there he would not just need to complete the mandatory training set by the bank – he would need to go further.

Moving On Up

If your still reading, it sounds like there should be a song starting in your heads right now. Anyway, Ian knew that to progress further than those around him professional qualifications would be needed to get where his goal was set.

This meant evening classes to obtain Institute of Banking (IOB) qualifications to aid the progression to his chosen role. This was working well until, three years later, when he moved from branch to international banking. In this area of banking there was less reliance on the IOB qualifications and the demands on his time meant that something had to give so he chose to stop these studies to concentrate on product knowledge and gaining qualifications more suited to the roles he had.

This carried on all the way through his banking career until his departure from it in 2017.

Proof of Concept

From international banking, Ian moved on to corporate banking (with a spell of around three years in financial middle office roles) which was where he found his home. At this time corporate banking was full of the need to monitor and report on the activities of the banks clients so that is where he concentrated his learning. He also realised that being a branch manager was no longer a viable goal. He chose to reach the level of departmental manager as his goal.

His way of proving he knew how things fitted together was to learn all of the constituent parts of the teams around him so that those that either reported to him, or relied on him, could be sure that impacts of changes anywhere in the process stream could be managed.

This meant learning how to write macros (if you remember those) in Lotus 123 and Excel before moving on to writing VBA scripts behind Access database.

This concept of training meant that market pricing, credit scores, task automation and information sharing was the key to greater productivity and accuracy for his employers. 

The results of this way of thinking led to him being promoted to an Executive Director in a global financial institution manager the middle office where the following areas relied on his teams to provide information across European offices. This included information to; financial teams, and hence regulatory reports, front offices, back offices, credit teams, and others. It even meant that the system he championed and helped to design had elements copied into head office systems to enhance information flow to pertinent people rather than just a front office, or the finance team.

The Simple Life?

This is where his love of simplicity comes from. If the above doesn’t sound simple, getting there wasn’t, but the results meant that things made sense to the people that were relied upon to complete the processes to satisfy regulatory and other requirements.

Achieving what he has, has meant not accepting norms, not accepting “it can’t be done”. He often repeats Einstein’s definition of insanity “Doing the same thing every day and expecting different results”.

Do you challenge norms or “accept your fate”? What would you rather do as a business owner?

Based on my previous blogs, this one is quite light on detail. Please look through the other blogs and see if the information you want is provided. Some of what I provide is very detailed.

We would be pleased to answer your enquiry through enquiries@eyebray.com, by calling 0743211611, or why not try https://wa.me/447943211611 .