Meet Katharine. Katharine Goulstone is a partner at Deloitte in their Risk Advisory practice.
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The following is a transcript that has been created using AI technology. Please forgive any grammatical imperfections it may have.
Katharine Goulstone
So risk advisory is where it's at. Risk is cool and I've been telling you for a long time. So I'm delighted that you finally have a risk series in your podcast, because risk is really where it's at. More women need to be in risk. Welcome, everyone.
Camilla Love
Welcome back to another episode of Shares Not Shoes an Insider's Guide to Careers in Finance. I'm your host, camilla Love, founder of F. Three future females in finance. Shares on Shoes is a podcast whereby I interview some of my favourite people, all with one thing in common. They work in finance. We lift the lid on who they are, how they came into a career in finance, and arm you with some knowledge about why a career in finance could be a good fit for you. I will promise that all my guests will share some amazing personal stories, will be open and honest and will inspire you. So let's go.
Camilla Love
I have been really looking forward to today's episode since the beginning of the season because I know you will absolutely love this person. She is one of my all time favourites in my life and I think you should meet her, which is the reason why she's on. Not only do I think that she is just smart and cool, but she's just a person who kicks ass in life. And actually we've just started and her pronoun is boss, which I think says everything. This person has worked in hedge funds, regulators, banks and in the big four she's just straight up she calls a spade a shovel and she's just all round fab. So, Catherine golfden. Welcome to Shares not shoes.
Hello.
Camilla Love
Oh my God. So excited to have this chat today. So, Catherine is a partner at Deloitte in their Risk Advisory Practise and focuses on helping financial services firms as her clients in responding to an undergoing regulatory inquiries and concerns. And the reason why I've chosen Catherine today, because she has so much wisdom and she's going to pass all that along to all of you today. And by the way, she also loves working in finance. She's the bomb. So, thank you again for joining and I hope that now you live up.
Katharine Goulstone
And I know that you will intro Camila. I was feeling very comfortable until you gave me that big talk up and so now I'm just hopeful that I can share any of those wisdom stories with your listeners. But I will try my very best.
Camilla Love
I know you will. So let's start a little bit at the beginning. So tell me a little bit about you and what you do. What is the day today look like for you?
Katharine Goulstone
So, as you mentioned, I work in Deloitte's risk advisory Practise. So we're obviously one of the big four consulting firms and one of the biggest consulting firms and we do number of things. So risk Advisory is where it's at. Risk is cool. I know I've been telling you for a long time. So I'm delighted that you finally have a risk series in your podcast, because risk is really where it's at. More women need to be in risk. As you mentioned, I guess I have that regulatory focus. So I spent a chunk of my career both in the financial markets and then as a regulator. And I think from those perspectives, I suppose I have a healthy understanding of what must go right, which I think is probably the essence of the things I think about. How do you build those things that must go right and then how do you step in and fix things when that isn't the case? So my day to day at Deloitte, as you suggested, I focus on financial services. There are parts of that industry that are very heavily regulated, work a lot in banking. We also do a lot across superannuation and insurance and in wealth.
Katharine Goulstone
So it's a big gamut that we do. In risk advisory, I tend to focus on the banks and in financial markets. That's where my area of focus is. And the types of work that we think about is so diverse and I think this is why I love it so much. But that thread is always the regulatory driver. What's changing in regulations? What's the change in a client's business model? That means that systems and processes and tooling need to need to change. How do organisations, particularly big and large and complex organisations, what are the processes in those organisations that are monitoring critical risks? And I don't think this is about death by controls, but I think in any process or in any organisation, there are specific things that must go right. And so how do you understand and what are the processes and the surveillance tools that you have in place to detect and understand the potential harms in your business and future proof them? So I think that it falls into a lot of things, but I love it and I love the diversity of it, I love the high stakes nature of it. We get to work with big organisations, think about big problems, and I think from time to time, when those organisations do have those dark days, being able to jump in there and help and get them through those crisis as effectively as possible, it's meaningful work and it's very exciting.
Camilla Love
So some of those client of yours comes to you and says, I've got this really big, hairy problem. And some of those, as you mentioned, some of those problems are really complex. How do you actually sit there and think about that complexity and how it actually forms out of the risk componentry of it, but also to ensure that they're still getting the return they need to still be profitable as a business? And then you're adding back into the culture of the business from a risk framework point of view, how do you take those big? Where do you start?
Katharine Goulstone
My approach is generally to start with the rates, what must be true in your business. And I think one of the things that I do find our clients really appreciate and I think perhaps from my perspective, because I am an ex regulator, I think one of the things I do spend a lot of time talking about is that regulatory intent, what is the expectation of your organisation and what are the harms that regulators could be potentially concerned about?
Camilla Love
I mean, what does risk mean to you? Maybe that's just maybe a starting point to educate some of our listeners about that component of the industry and why is it critical to the business?
Katharine Goulstone
Yes, it's a good question because I think even in the Australian market, even now, I think people use a lot of phrases like risk and compliance interchangeably and they all mean very different things and different things to different businesses. Right. My perspective of a great risk function is a function that helps an organisation take risks safely and that's not so much about a compliance person throwing up every control, but how do you navigate the organisational strategy and execute that safely within that organization's risk appetite? And when I think about regulatory risk, one of the things that I do talk about with our clients is what is your specific appetite to regulatory failure? What are the things that non negotiable must go right, and then let's start there in developing that regulatory risk strategy and building processes and systems underpinning that that deliver on your level of risk tolerance to those various things. So I think there's always becomes an element of compliance underneath that as we build those processes and controls. But I think that risk perspective is something that often requires careful decisioning and healthy discussion and debate at that executive and board level.
Camilla Love
And I'm going to say this so you're not the fun police?
Katharine Goulstone
No, you know me, Camilla, I am not the fun police.
Camilla Love
Let's park that one, because that has too much baggage, I think. Yeah, quite. But from a risk perspective, it's not about not allowing you to do things, it's how you can do what you want to do within a framework that is beneficial to success.
Katharine Goulstone
Absolutely. And I think if you look at financial services now, it's innovating faster than ever before. I see much and it's not just even new types of businesses that are coming in and disrupting, it's just even all of the financial services that currently exist have to be completely reimagined in the next couple of years. There is just so much change that's on foot, but there is just this tsunami of change that needs to happen and should happen and financial services will be a much more dynamic and exciting and future proof place because of that. And so I think that that risk element is absolutely not the risk police. But it's really about when an organisation sets their strategy of those goals and what is the place that they need to get to. What's then the systems and process have been placed around. OK. In order to get their work must go right and let's place our efforts in making sure that those things do go right. So we get to our journey safely. Because I think one of the things that I kind of look back over the last number of years, and even including the Royal Commission, which is obviously a huge event in our industry and in our lifetime, the fallout of that, the collateral damage, was enormous.
Katharine Goulstone
The disruption to businesses in dealing with having to go back and remediate historic issues, the damage to executives and boards that needed to step down. It takes organisations a long time to recover from those major failures. And so I think that risk lenses, really, if you know that there are certain things that must go right and you must not fail at then control those processes. It's not about constraining the business from innovating or taking risks across a variety of businesses and portfolios, it's just about making sure that the things must go right, the organisation gets there safely, because.
Camilla Love
Really, you've only got your reputation to another business. That's it. And personally, yeah, absolutely. So then, before we move on, I'm really interested because risk is an area that is in desperate need of graduate and new talent. It is a burgeoning area, growing substantially, and Australia is generally quite good at managing risk and producing really high quality risk professionals. Why would you tell a new entrant or someone who is looking to change their role into risk, why would you tell them it's the best place to be?
Katharine Goulstone
I think, like many parts of financial services right, I think in risk, it's many careers in one. I don't think I've ever had two consecutive years in my work history that have been anything like the previous. So I think there's that diversity and I also kind of think that it lends itself to being in the pony end of that decision in organisations. Where are we going, how are we going to get there? What needs to be true in order for us to get there safely? So I think it's a really exciting and dynamic and challenging place to be in a variety of decisions and there's so many different roles there, right across that risk spectrum. I think even across Risk Advisory at Deloitte, the areas of specific focus that each of my colleagues have is just so different across so very many risk domains. So I think it's a diverse and exciting area.
Camilla Love
Cool. So let's step back a little bit and let's talk about the early stage of your career. Did you always know you wanted to be in finance and why did you know that?
Katharine Goulstone
I think many people say they start a career, start a journey and don't know where they want to go, but for me, I was always attracted to financial services, like always. And I think there were two major contributors to that, and they were actually my mom and my dad. That sounds a little cheesy, but let me tell you why, because it's probably not what you think. So I think my dad, he was a bond trader. And if you think about what money market desk were in the it's so cool. I know, right? So as a young person, I remember kind of walking into this trading floor, and it was back. These are the high vis jackets in the ashtray and the telephone and that cloud bubble across the desk and everybody yelling, and I had absolutely no idea what was going on. But it seemed to me to be the funnest job in the world. And I think as a very young child, I'd see my dad kind of flying around and off to Asia. It was always in Singapore and Tokyo and Hong Kong, and I had no idea what he was doing there.
Katharine Goulstone
But, gee, it just seemed like this very exciting space. And I think as I grew up, I think I had this attraction to financial markets because I think it was the complexity. I couldn't understand what the hell was happening.
Camilla Love
But you wanted to know why I.
Katharine Goulstone
Was drawn to try to understand what financial markets and the capital markets was about. I think the second thing that was a huge influencer was my mom. And my mom did not work in financial services, but she was a single mom and she was a nurse. And one thing I learned from her as a very young person, but also as I grew older, was that she was exceptional at managing the household finances. And that was a tough gig when you work shift work as a single mom who is a nurse. And I think I learned so many great lessons in and I think this is really where I became very inspired around financial literacy, financial independence of women. I saw this great role model there, but also the vulnerability about being a woman and managing your financial security in a world that's designed that that wasn't the case. I think the combination of both of those things I was drawn to financial services. I wanted to be financially literate. I wanted to be financially secure. And I was drawn to finance and the economy to try and understand how does this all fit together and how do I find a career that has that global focus where there's the opportunity to start to understand what all of this complex world of yelling and screaming and investment means.
Katharine Goulstone
And so I think that was probably for me. I knew there was a direction I was going to go, but I had really, other than my dad, I didn't know anyone that worked in this industry. So I think that's probably where that inspiration came from. So I think there was a definite draw to the industry. But really no plan how to get there.
Camilla Love
The no plan is always a plan, right. When we look back on it and people generally fall into it or they've made a concerted effort. Right? Which bucket do you sit in?
Katharine Goulstone
Definitely concerted effort. Interestingly. My personal circumstances were that I didn't finish high school and not many people know that about my journey because I've probably had a long career of being an advocate for education and continued to educate myself along the way. In fact, that's where we met, Camilla, first day of our MBA class. There's you in the front row, there's me in the back row. So I entered the workforce while all of my school friends were entering year eleven and I just knew it had to be in the market and my very first job. I still don't even know how I managed to find my way there. But I was a runner or a courier now. Ups. It was Warburg Dylan Reed at the time and I had a little satchel of contract notes that I used to run around the city and delivering during the trading day. And so I found my way in and out of every stock broker and bank within the market and it was all of the exciting things that I thought it would be. So I think it affirmed I was in the right place. I just had to find my way, my way in.
Katharine Goulstone
And actually, I think while my friends were doing their HSC, I went and started studying. It was called the securities Institute of.
Camilla Love
Australia, but it's now Finnsier.
Katharine Goulstone
It is. And so this is where I started learning all about finance and started doing their courses module by module. I loved it and so it was just the beginning of an exciting journey in finance for me.
Camilla Love
Great. So then I know a little bit about your career and how you've been offshore as well as onshore. Talk to me about where your finance career took you offshore.
Katharine Goulstone
I spent the early years doing whatever entry level job I could find in the industry to keep learning and growing. And I went across to London, like many of my friends did when they finished university, to go and get some work experience and travel a little bit. And while I was over there, a couple of really impactful choices or sliding door moments happened for me. One was and this is all prayer, Jesse, right. This is an exciting time in finance. I started working at a fabulous fund of fund in London. It was an American company that had just opened a business in London where it had traders executing on behalf of their American business and they had six very senior people in the business and no one really holding it together. And so I quite abruptly and that is a little bit of my mo, if you would suggest that I would be a fabulous person to come and help them establish that business and support them. And so I found myself very quickly sitting on this trading floor of the six very, very senior people, one leading a private equity business and another one leading a high yield book and some traders executing on behalf.
Katharine Goulstone
And so I found myself kind of doing the back offs and the operations and supporting legal and supporting compliance booking trades. It was just it was it was fabulous. I was working in London Day, I was working the US day and it was an exciting time. Like the markets were so dynamic and I remember at the time, my now husband saying to me, you're never going to find another job like this. This is the job that is going to ruin all jobs for you. And I think it was I think I learned more in that role about the markets, I think on the technical, but also about business, about the type of work I wanted to do, about the type of leader I wanted to be, about the type of opportunities I wanted to seek. It was fabulous time and it's interesting.
Camilla Love
That you I talk a lot about it and shares, not shoes about large organisations versus small organisations and how you can actually use small organisations to actually grow that breadth of knowledge that you have and just making sure that don't dismiss small organisations when you are on your job search out there. Particularly for new grads that are coming out into the industry because they generally sort of gravitate to the big four or large organisations but there's a raft of really great small organisations that are highly globally competitive that can give you a lot more of a leg up in opportunities that you never would have thought before and it's a great sign that you've done that as well.
Katharine Goulstone
Yeah, 100%, I agree. I think there's different we have these different steps in our career and from each job we learn something different. I think the hedge fund space, there's no 5000 person hedge fund out there if you want to learn that part of the market, they are smaller firms. But I think the other opportunity in that is there's no junior people. These are the smartest, most senior people in the industry and so I think it's almost by sitting there, by osmosis every single conversation that you over here, you're learning something but then there's also this opportunity that doesn't exist in other firms which is no one's doing that. Can I do that? We're doing this analysis, let me help. We're preparing for this investment, what can I do? And I think that's kind of the start of how all of my roles have morphed into the next job or the bigger job because I tend to be one of those people that sees look at these opportunities or these pieces of work no one's doing. I'll just kind of wrap that into my job. Thank you very much and continue on the expert.
Camilla Love
Ding ding.
Katharine Goulstone
Exactly.
Camilla Love
So then talk to me about your time with the regulator here in Australia because it's a really interesting I know from our previous conversations you've had a really interesting time there, looking at cyber securityecurity and looking at all the outcomes from the Royal Commission and stuff like that. How was that role such a learning experience for you?
Katharine Goulstone
It's a great question and let me tell you when we eventually came back to Australia, and we've probably skipped about ten years, but yes, when we did come back to Australia, I was given the opportunity to join Asik on a twelve month contract. And at the time I was not particularly tempted by having spent the last kind of 15 years or so, kind of like right in the forefront of capital markets. But they had quite an interesting opportunity that I decided to take for a year as a foray back into Australia, which was really around the time that Asik was assuming the responsibility of supervising listed markets from the ASX. So prior to that time that was the responsibility of the Australian Stock Exchange and Trix, as you'd be aware of your line of entering the market. Yeah. So that shift from a monopoly to a duopoly meant it wasn't appropriate for the ASEX to be conducting real time surveillance. And so asik in taking on that responsibility, needed to make sure that they have the right capability and were ready to undertake and discharge those regulatory obligations. And so my role was really around supporting that very large project team that was enabling that to happen.
Katharine Goulstone
And my area of focus was really around the capability of people. Did ASIC folks on the ground have the right knowledge and capability and capacity to deliver on that. And so I thought it'd be a short and sharp project. And I have to tell you, I look back and I would say working in government and working in particularly in regulation, is such an extraordinary privilege and I'm so glad I got the opportunity to do that in my career. It's high stakes and it's important work and that's a big deal and it's a great responsibility and I really didn't appreciate that until I joined Asik. But one of the things that I did find was it's a platform to see an entire industry to think about an issue from an entire market perspective. And this is probably why I'm consulting now, because my view is that's the only other vantage point where you get to kind of sit indeed in the ivory tower and think about an issue from the entire market perspective. And I love it, but that certainly ran true for me at Asik and the role that I had at the time was in the markets business at Asik.
Katharine Goulstone
And so that's a big chunk of that particular agency. But in doing that, I started to have observations across other parts of how the agency was discharging its markets business, and they became quite valuable insights to share with the executive at the time. And so, typical Mo for me, I started putting up my hand saying I've identified a few opportunities where we could be doing some really cool stuff, but as that's no one's job, do you mind if I just wrapped that into my job? That played out again where I found myself suddenly owning all of the really juicy projects and it was fabulous. It's fascinating stuff, right?
Camilla Love
Oh, it's just filthy cup. Right? Because making sure that consumers are getting the best outcomes and making sure that the regulation is applied evenly across all facets of the industry and even interpreting the legal framework that the regulator has to work in and then embed on all the other participants, I totally understand purpose there. Yeah.
Katharine Goulstone
And so it became to me really addictive because every time you finished a piece of work, there would be something else that would pop up that was very exciting. And I find myself back there with my hand up, can I please do this one as well? So I ended up spending after that, I think, the twelve month contract I joined ASIC on. I think after seven years I said, I think I must go now. I'll be forever grateful for that opportunity. I think that the projects I got to work on, the leaders I got to learn from, and the outcomes I got to be a part of, just career changing. And from a growth perspective, I took out of that experience so very much and I'll always look back on that, of what a great privilege it was to be part of that regulator.
Camilla Love
I'm going to switch text a little bit here and ask a question that I know I think about all the time, and it's something that a lot of people think about when applying for their job, whether it be their first one or their 10th one. Was there ever a role that you applied for and landed where you weren't 100% qualified to do? And how are you able to sort of deal with the fact that you didn't necessarily tick all ten boxes, you only picked eight of them and you needed to ensure that you are confident enough to take on that role with gusto?
Katharine Goulstone
I think for me, if I follow my career history, I think I've always been the underdog and I think I always deliberately I think when I've got to a point in a role where I think, great, I've learnt so much, I've learned what I've come to do here, I must go do something different. It's never been a linear progression for me. I've always been knocking on the door of saying, I've done all this interesting stuff over here to the left, but now I'm inspired to come over here and learn what it is that you can teach me. So I think I'm probably one of the few people that certainly I feel that vulnerability in knocking on that door. But I think I've been quite deliberate in looking deliberately for something I have not done before. And I think that's important for me. I think that's where magic happens, that's when we grow.
Camilla Love
And I love the curiosity that you bring into your answer here, because it is about knowing what you know, being confident in what you know, but also being confident in yourself to be able to learn what you don't know, definitely. And it's a hard thing to do to be able to step over that line, to go. I feel comfortable in being uncomfortable, but it's one of those things that you have to do, whether it be for me, it's ice skating. I never want to ice skate, ever. But if my kids ask me to ice skate, it's one of those things that you might want to try to do again that is so comfortable in doing stuff.
Katharine Goulstone
Well, we should definitely go ice skating.
Camilla Love
That's the best thing. Or maybe it's a stand up paddleboard like we've known before.
Katharine Goulstone
Yeah, maybe. I don't know. I think every time there's a confidence you get in solving problems that are new. And I think because I've made a career out of that, I don't want to solve the problem that we've solved ten times before and have the template for. I want to work on our biggest problem, the one that's so complex that our clients are bringing it to us because they need someone and a team of people with a diversity of skills to pick it apart and build a solution that's fit for purpose. And I think that's the thinking that I value. And I'm very confident looking at things I've not looked at before and saying, okay, great. These are the skills and experience and the knowledge that I bring to this problem. Therefore, the other skills and experiences that we need to bring to this team are the following. I want to work with people that have the skill gaps that I have. I want to learn from them, no matter what level they are, but I want them working on the team to get the right outcome. But it is interesting that we don't always think about our careers in that way.
Katharine Goulstone
Sometimes I think we do put this pressure on ourselves and it's kind of the old private school boy mentality of we must be an excellent individual and celebrate that. I just kind of think if you want to do complex work, that's never going to be the answer.
Camilla Love
And it's always the answer is always sort of dirty anyway. Like there's never one silver bullet, one round peg in a round hole in those ideas. And so being able to have confidence in yourself, to be able to go into that unknown is important. And really going in there and. Getting that crazy big, hairy problem, shaking it upside down and pulling it apart and then putting it back together with a better solution. In reality, I think that when you're going through that job and you're not ticking 100%, there's always it's never going to be 100%, regardless. You're never going to tick the ten boxes because you're working with different people in a different organisation, dealing with different products or services or whatever it is, so therefore you're not necessarily going to tick every one of those boxes anyway.
Katharine Goulstone
Exactly. And, you know, I think leaders of organisations, and I think in financial services as well, I think we've come a long way in embracing diversity and truly, I mean, we've got a long way to go, right, but truly embracing diversity. And I think in our organisation, we've been working quite hard to think about that from a number of different facets. But one of the things I've observed we're doing, and I love it, is thinking about what are the skill sets we want to bring into our organisation? And I think if you had gone back five years ago, ten years ago, professional services firms would have only hired at the graduate level. And there's kind of one way up, right, and I think if you went back five years ago, there's these lateral hires and graduate hires, but people would have brought in the financial services space, would have come from the small handful of Pedigree universities with the same types of degrees. And what we've found is that obviously those people are invaluable, but they really have a diversity of thought. You need to tap into talent pools way beyond those traditional hiring methods.
Katharine Goulstone
And I think last week I had a coffee with a fabulous graduate in our team who's a chemical engineer.
Right.
Katharine Goulstone
And I just thought it was fascinating. We're taking a diversity of people from different parts of their career, from different parts of the industry, and certainly we can train people to be consultants, but you can't train people to think differently. Right. Like, where we have the mindset, we have the perspectives we have based on the experiences that we've had today. And I think that's a very rich, rich source of talent for us. So I think we think about that collectively, but I think, as individuals, you're right. I think when we're still that one individual tapping on the door of that next job, there is sometimes those times where you say, oh, but they want these eight things and I only have six of them, I'm going to go.
Camilla Love
For that job anyway, is what Catherine would say.
Katharine Goulstone
If you got six out of the eight, you're overqualified and make sure you're telling about all the other things that you have, because they don't even know yet that they need it.
Camilla Love
Absolutely. And by the way, they are the bomb, those things. Totally the bomb.
Katharine Goulstone
Exactly.
Camilla Love
So I always ask this question and everyone has a slightly different answer, which I think is great. What is the most valuable piece of advice you've been given in your career and why? And maybe it's just the time that that advice was given, or maybe it's just that just embedded in your brain sticks with you. Why was so important?
Katharine Goulstone
I love this question and in fact, I've got two, so I hope that's okay.
Camilla Love
Yeah, sure.
Katharine Goulstone
The first one was actually a piece of advice that was given to me years ago by someone you introduced me to.
Camilla Love
Who was it?
Katharine Goulstone
Lewis Bierman. Oh, Lord. Yeah. And he probably doesn't even remember this conversation, but you introduced him to me at a time, I think, after we finished our MBA together. And I was reflecting on what I wanted to do and he very kindly met with me and gave me a number of great pieces of advice, but one of them is burnt in my brain and it's so simple, but it's just run true for me. And that advice was, be excellent always. People on this tiny island have a very long memory, and I just thought it was great advice because you know what? Australia is a very tiny island, and financial services, no matter how big and how diversity is, you will come across the same people 20 times for 20 different reasons. And people do have those long memories. And I think the people that make a point of being excellent always do a great job, be proud of the work that you do because it will support you and hold you in good stead. Totally.
Camilla Love
And it's something also that one of the last seasons, Alex Mcquick and she mentioned about, don't underestimate the mediocracy of others. And I think that perfectly goes together because you actually do want to be excellent always. You want to have that last impression, be the first impression every single time.
Katharine Goulstone
Exactly. The second one I thought of, and it makes me laugh still thinking about it. And I go back to that first hedge fund role I had in London and there was a fabulous very senior trader that came to join our business, and he came from one of the major investment banks and he was a very senior hire. And the week he started, he was just getting to know people on the team. And we sat down and he had his big American personality for California personality and accent, and he just asked me this one question off the bat and it threw me and he's like So, Catherine, there are two types of people in this world. There's people who get shit done and people who don't. Which one are you?
Camilla Love
I know, I know.
Katharine Goulstone
What do you think my answer was, Camilla?
Camilla Love
Oh, let me think about that. Probably the same answer that I have. We're both getting shit done type of people.
Katharine Goulstone
Exactly. And for me, I think that was a really powerful question because it did for me plant a seed in my mind as very early on in my career. You know what, I really want to be recognised as that person that just gets shit done.
Camilla Love
Doesn't matter how big or small.
Katharine Goulstone
Here's the job, I'm going to go get it done. And so I think it's probably why today I have such an execution bias. What's the problem? Okay, let's start to imagine the solution. When am I exactly going to get there? And let's make sure we get there on that date. I definitely am wired that way and I think probably because of that statement.
Camilla Love
Okay, well, at least you know that's your bias. Yes, because I have the same. So a lot of feedback is camellia. You know where you're going, you're 100 miles ahead of everybody else, but you need to take everybody else on the journey.
Katharine Goulstone
Quite true.
Camilla Love
Indeed. Indeed. Well, I think they're absolutely fabulous pieces of advice. And big shout out to Louis Bamboo out there because he's just fab too. So we're at the end and we could probably chatting forever and ever, as I know you and I could do. Definitely.
Katharine Goulstone
Absolutely.
Camilla Love
So we do this quick buy around. At the end it is. Tell me who you are. First thing that pops into your head, you prepare, ready to go. Okay. Shares or shoes?
Katharine Goulstone
Both. Why would you have just one perfect.
Camilla Love
Answer, one piece of advice? I tell my 20 year old self.
Katharine Goulstone
You know what, I would not sorry, this is quick fire round, but I would not give my 20 year old self any advice because I needed to figure it out myself and I did.
Camilla Love
That's just so good. Making mistakes and grow from it, that is so good. If I wasn't doing this job, I'd be a surfing instructor, I'd be a ski instructor. So we could swap seasonal, we could.
Katharine Goulstone
Be each other students.
Camilla Love
So then this one follows on from that maybe autumn, winter, summer or spring, summer. What weird or out of place thing do you have in your handbag right now?
Katharine Goulstone
I have several Matchbox cars in my.
Camilla Love
Handbag right now, just in case you want to zoom down the street.
Katharine Goulstone
I think it probably just donations from my youngest child. Biggest investment mistake, mixing family and investment together.
Camilla Love
That comes with a whole load of other story. Right?
Katharine Goulstone
Well, probably. I just think one of my reflections is it's really important to kind of help families financially and support each other, but you shouldn't mistake that with investment choices.
Camilla Love
Full stop on that one. What is the most important money lesson you've learnt?
Katharine Goulstone
Start small, think big.
Camilla Love
That's what we say here. It shows no shoes. My friends would describe me as noisy. That's it.
Katharine Goulstone
I'm really nervous with the words that you would use to describe Meg Miller as one of my dear friends.
Camilla Love
Noisy is the only one.
Katharine Goulstone
This is the quick fire around, I think you'll find.
Camilla Love
True. You're telling me my own rules. What two things would you take if you were deserted on an island?
Katharine Goulstone
I would take an axe. That feels quite important. I might need to cut trees or fetch coconuts.
Camilla Love
Yeah.
Katharine Goulstone
And I would need a hobby. I'd take a home brew kit.
Camilla Love
What are we making in our home brew kit? Is it gin, vodka or beer?
Katharine Goulstone
I probably say beer. I think if I could cut down my trees and make a fire and enjoy a glass of beer, I think my life on the deserted island is probably set.
Camilla Love
Let's think about hate. We're going to get you weak barley.
Katharine Goulstone
See, this is what I hate about you. You're so practical. Never let the details get in the way of a great plan.
Camilla Love
Camilla no, true. But as person in risk, you should know that the details will trip you up. So the final one is describe in three words why career in finance is super awesome.
Katharine Goulstone
Dynamic, changing, lifelong.
Camilla Love
Great. Well, thank you for this fun and hopefully uplifting and inspiring podcast. And I just love the stories of dad being a pontrader and Mum being a nurse and how that's come to really impact why you've chosen finance as a career for you. I love the curiosity that you bring to all your roles because I think that is something that more people could do more with and it's a really big lesson for me that I've taken away from today. Catherine, that's super, super awesome for you to join us all on. Cheers. I hope you'll come back.
Katharine Goulstone
Thanks for having me. Camilla.
Camilla Love
You know the information that is in this podcast, we always talk about finance in this podcast, but it's not financial advice. It's actually really careers advice. If you really want financial advice, I recommend that you speak to a financial planner or a broker and work out your own personal circumstances with that. But this is all about out career advice and how finance will be a fabulous career for you.