Tag Archives: Advisory

My First Week on my 12 Month Placement

Hi,

My name is Emma and I have just started my 12 month placement in Corporate Finance in the Reading Office.

My first week here has been really helpful, mainly focusing on training and getting to know the other interns and placement students, as well as my CF team. Walking into the office on Monday morning was very scary, I didn’t know a lot about Corporate Finance at all, or what I would be doing on a day-to-day basis. They definitely didn’t throw us in at the deep end though, as most of Monday was spent with general introductions and a few ethics and health and safety talks. We also heard from current placement students / associates, who reassured us and answered any questions we thought were too silly to ask our managers.

On Tuesday and Wednesday there was a national conference in London for all the placement students and interns, which again was very relaxed and was mainly focused on us getting to know the company a bit more. We even had a talk from Sacha Romanovitch (our CEO). It was definitely one of the most interesting talks of the day, and I think I can speak for most people when I say it was very inspiring. She was so relatable, talking about her kids and how she started as an intern as well, before taking questions and answering as many of them as she could. Sacha answered questions on balancing being a mother and a very successful woman in business, as well as questions on Grant Thornton’s beliefs and current strategies and goals. It was definitely one of the highlights of the conference. On Tuesday evening the recruitment team had organised bowling and food/drinks which definitely helped us to get to know each other better, in a relaxed out-of-office environment.

The Thames Valley placement students and interns then spent Thursday in the Oxford office, going through more talks and getting set up on most of the systems we need. Again, it was done in a relaxed environment to help us get to grips with everything and ask the ‘stupid questions’ (there’s no such thing as a stupid question) we needed to.

Friday was my first proper day I would say, and again everyone in my CF team was so welcoming and accommodating that I didn’t feel overwhelmed or like I couldn’t ask about anything I didn’t know. Everything I needed to know got explained to me, and all my questions were answered without any frustration or annoyance. It was really interesting getting into the work, and I finally found out what I would be doing on a day-to-day basis.

What I would say to any new starters, especially those on a placement year like me, is don’t worry. I can honestly say everyone I have met so far has been very warm and welcoming, and they really don’t expect you to come in knowing the answers for anything. Any help you need is offered to you, it’s really not an intimidating environment! People are patient and relaxed with you, knowing you’re not a qualified accountant and not everyone does something finance related at university.

So far, I’ve really enjoyed my time at GT, and can’t wait to get more involved in what I’m doing.

 

By Emma Ryan – Corporate Finance 12 Month Placement

#Business Area Series – Regulatory Advisory

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.

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#Business Area Series – Actuarial

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!

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#Business Area Series – Rotational Advisory Programme

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.

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