Alastair Majury Stirling

Business Analyst and Finance

It’s well known that Business Analysis entails a thorough comprehension of the company one operates in and then help in executing the tasks involved in the working of the provider. Right from the word go, a Business Analyst ( BA ) has to take care of the client requirements, end user specifications, likely problems involved with development and execution, existing and planned system modalities, along with the functional procedures involved in the job to be able to implement it to the client’s satisfaction. This is a requirement of the very livelihood of a BA. This becomes the overall description of the nature of work of a Business Analyst.

How does it differ or instead specify otherwise for the Finance domainname?

The most important requirement for a BA is to understand the intricacies of this domainname, he’s working in. Therefore, in the event of the fund domainname, a BA ought to be aware of the functioning of the overall way of working of finance business and needless to say, the particular way of functioning of the specific sub domain under the finance domain, which he is functioning in. Examples of these particular sub domains could be 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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Since these sub domains have various sets of rules and regulations, coupled with specific terminologies for every sub industry, a good grasp and understanding of the various terms used from the day to day functioning of these sub domains will maintain a Business Analyst in great stead. Knowledge of performance metrics in the sub domains is always advantageous to a good BA which shows he understands how the goals are set and performance is quantified in the sub domains.

Apart from having basic understanding of the front office and back office operations, the Business Analyst must also have good communication skills and fantastic management skills to operate nicely. As is understood, a Business Analyst is a bridge between the technical staff which consists of of applications programmers and software engineers, and the end user, which is the client of this project. If the bridge isn’t well-oiled and is shaky and laborious because of lack of knowledge on part of the Business Analyst, the undertaking shall fall apart. Hence the business analyst must ensure he’s current with the most recent developments in the area he’s working in, and the particular demands of the project.

Fantastic management skills will enable the Business Analyst to comprehend the requirements of the end consumer as well the issues confronted by the technical developers in reaching the requirements desired. 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 comprehend the functioning of the technical team and be able to guide them suitably to execute the job to success.

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