Thursday, December 6, 2012

Steven Boccone: In the helm of a Finance Officer


    The world of Investment Banking does not revolve on money alone. A lot of factors are involved in making one Investment Bank stable and at the same time influential enough to make a difference. Different factors such as the economy, number of clients, business partners and excellently timed and thought out research affect the operations of investment banking making these the deciding factors whether a certain investment bank can attain stability and permanence. On the other hand, even if all the mentioned factors are present, the success of an Investment Bank would still depend on the people who fuel its operations. To name one, the Finance Officer of the bank plays one important role in making sure that the Investment bank’s operations run smoothly. The task may sound easy, but managing an Investment bank and ensuring that everything goes well is not exactly stress-free, especially if it means losing the clients’ money and trust.

Being the Finance Officer does not mean simply overseeing if everything is going as planned. The task of one involves assisting when it comes to performing tasks that are needed in order to achieve the bank’s mission, making sure that all staff is aware of financial management matters, working with CEO when it comes to visualizing the plans for the stakeholders, being atop of regulatory requirements, ensuring that new opportunities will be developed and delivery of those to clients. Steven Boccone, a Financial Officer for Standard Chartered Securities, was hired to fill in this position at an age of 25. Under Steve Boccone’s helm, Standard Chartered Securities remained to be one of the world’s longstanding banks. 

This shows that to be a Financial Officer need not have a lot of experience when it comes to banking. One must be passionate and motivated to get the job done and make things run smoothly. To be a Finance Officer requires the courage to step forward and take responsibility for making all operations go as planned. The CEO should definitely choose wisely as this position needs someone who can look into the smallest details and see the bigger picture as well in the form of the bank’s future. When a person with courage is assigned to this task, surely the economy, depositors, and business partners will know they have made the right choice.



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