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06 Jan 2018

Business Analyst and Finance

It's well known that Business Analysis entails a clear understanding of the company one operates in and then help in executing the projects involved with the working of the company. Right from the word go, a Business Analyst ( BA ) has to look after the customer requirements, end user specifications, likely problems involved in development and implementation, present and planned system modalities, along with the functional processes involved with the project to have the ability to implement it to the client's satisfaction. This is a necessity of the very profession of a BA. This becomes the overall description of the nature of work of a Business Analyst.

How does it differ or rather specify otherwise for the Finance domain?

The most crucial requirement for a BA is to realize the intricacies of this domain, he is working in. Therefore, in the event of the fund domain, a BA ought to know the functioning of the overall means of working of finance industry and of course, the particular way of working of the specific sub domain under the finance realm, which he is functioning in. Examples of these particular sub domains may include Asset Management, Capital Markets, Equity Markets, Wealth Management, Portfolio Management, Banking, Accounting, Taxation, Treasury, Audits, Insurance, Risk, Valuation, Mergers and Acquisitions, Mutual funds, Debt Markets, Foreign Exchange, Advisory, Research, Corporate Finance etc..

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Considering these sub domain have various sets of rules and regulations, coupled with particular terminologies for each sub sector, a fantastic grasp and understanding of the various terms used in the day to day functioning of those sub domains will maintain a Business Analyst in great stead. Understanding of performance metrics from the sub domain domain is obviously advantageous to a fantastic BA which shows he knows how the aims are set and performance is quantified in the sub domain.

Apart from having basic knowledge of front office and back office operations, the Business Analyst should also have good communication skills and fantastic management skills to work well. As is understood, a Business Analyst is a bridge between the technical staff which consists of of applications developers and software engineers, and also the end user, that's the client of this project. If the bridge is not well-oiled and is shaky and laborious due to lack of knowledge on part of the Business Analyst, the undertaking shall fall apart. Thus the company analyst must ensure he's current with the latest developments in the field he is working in, and the specific requirements of the project.

Good management skills will allow the Business Analyst to understand the requirements of the end consumer as well the issues faced by the technical developers in reaching the requirements needed. The technical abilities of programming and coding and knowledge of latest software must also be be understood to the Business Analyst so that he can understand the functioning of the technical team and be in a position to guide them appropriately to execute the job to success.

Click For More Info Alastair Majury Stirling


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