Last year, Grant Thornton launched the Rotational Advisory Programme where associates work in the three main areas of the advisory practice over a period of three years. I was fortunate enough to be given the opportunity to join the first group of Associates to undertake the programme in August, 2015. Read this post
Today’s blog is written by Robert, who works as an analyst in Regulatory Advisory within the Financial Services Group (FSG) in the Finsbury Square office, in London.
The regulatory team is made up of around 40 people, and the wider FSG is made up of around 350 people in a number of teams: Tax Advisory, Business Consulting, Actuarial and Risk, Audit, Corporate Finance, Business Risk Services, and Financial Crime and Disputes.
Since the global financial crisis hit in 2008, there has been a huge influx of regulation within Financial Services. This has reached all corners of the industry, from the Retail Distribution Review (RDR) affecting how financial advisers make recommendations to customers, to the way in which banks have to report their risks and reserves. As such, there has been an equally massive increase in the number of compliance professionals and regulatory consultants. Luckily for me, I joined Grant Thornton after graduating in 2014.
During university, I wasn’t sure what direction I wanted to go in. I was always interested in finance and financial markets, but wasn’t sure if I wanted to work in the industry. In my final year, I wrote my dissertation on the regulatory impacts of the global financial crisis, and was instantly fascinated by the implications, on the industry, consumers and the economy, of regulation. From there, I started to explore options within compliance, and along came a consulting role within Grant Thornton.
What do actuaries at Grant Thornton do? Alistair from the London office explains…..
I started with the Grant Thornton graduate programme in August 2014, having done an internship at another actuarial consultancy the previous summer.
We are a fast- growing and ambitious team that offer services in almost every actuarial area. Not only is this great for offering clients multi-facetted solutions it is also great for trainees as they get to experience lots of different work before choosing a specialty. This is a big plus for Grant Thornton trainees aren’t pigeon- holed into one area from day one. Luckily my degree was in actuarial science so I had some idea of the kind of areas I was keen to get involved in however that was by no means the norm and all the trainees were allowed to seek out the work they wanted to do.
In the year I’ve been at Grant Thornton I’ve had experience in a wide range of insurance jobs, valuations and risk management work. Most of the trainees’ involvement is in the analysis underpinning actuarial work but I’ve been surprised about the high- level client contact I’ve had, I’ve been in meetings and conference calls with clients from very early on. Aside from the analysis and client contact I have, amongst other things, written parts of reports, produced management information, conducted technical research and assisted with producing marketing material for the team. So it’s fair to say the role is a varied one!
Most people who join us will join on our advisory rotational programme which involves trainees rotating around teams in the three core areas of consulting, deals and insolvency. Today Nick, Scott and Lucy provide an insight into the type of work done in these areas.
Nick – Consulting (London)
Business Consulting is a new and exciting part of Advisory which is seen as a key growth area of the firm. A team as part of the Advisory Rotational Programme based in Finsbury Square, Business Consulting offers a wide range of services to large corporate and private equity clients. These are typically split across the key skill areas of technology, operations, finance & working capital, and deals. The team works closely with other areas of Advisory, typically TAS national (Transactions Advisory Services), Corporate Finance Advisory, Transaction Tax Group, Pensions Advisory and Audit & Tax.
The team is high performing and has ambitious growth plans. Our people come from varied backgrounds including management consultancy, professional services, industry and self-employment. The Business Consulting team delivers its service offering through working closely with clients to understand their business issues and collaboratively form solutions. Our engagements arise as a result of corporate change, company transactions, distress or regulatory changes and we therefore work to a varied backdrop of environments.
Hi, I’m Jen and I work in the Bristol office as an Associate in the VAT team. Not all offices have a VAT team as what we do is quite niche, so the team which sits in the Bristol office covers the Cardiff and Southampton offices too. I joined Grant Thornton with the graduate intake in August 2012 and it’s been a busy eleven months! Read this post
Hi, I’m Priya and an Assistant Tax Manager in the London Finsbury Square office. I joined Grant Thornton at the start of 2012 having previously completed my ACA training contract at PricewaterhouseCoopers LLP in 2007. More recently, I have worked in the tax team for a market leader in the leisure and entertainment industry. I am currently studying for my CTA exams with Kaplan to complement my ACA qualification and enhance my understanding of the various technical tax issues relevant to my clients.