A Business Analyst, Finance/Banking is a professional responsible for analyzing financial data, identifying market trends, and providing strategic recommendations to improve business performance in the finance and banking sector. They collaborate with various stakeholders, including executives, managers, and IT teams to gather and analyze data from different sources, such as financial statements, market research, and customer feedback. The Business Analyst also conducts thorough risk assessments, evaluates investment opportunities, and assists in the development and implementation of financial strategies. They leverage their knowledge of financial models, banking regulations, and industry best practices to identify inefficiencies, optimize processes, and develop innovative solutions to drive financial growth and profitability. The role requires excellent critical thinking, problem-solving, and communication skills, as well as strong attention to detail and the ability to work under pressure. A Business Analyst in Finance/Banking may also be involved in conducting cost-benefit analyses, monitoring key performance indicators, preparing financial reports, and presenting findings to both technical and non-technical stakeholders to support decision-making and ensure compliance with financial policies and regulations.

The role of Business Analyst in the Finance/Banking sector in Canada is expected to witness significant growth in the market. According to a 10-year analysis, the job role is projected to experience a steady increase in demand, driven by technological advancements and digital transformation in the industry. There is a growing need for professionals with expertise in financial analysis, risk management, and strategic planning. Considering the evolving landscape, it is anticipated that a considerable number of employment opportunities will be available in the future for individuals skilled in business analysis within the finance/banking sector in Canada.

How to Learn

As a Business Analyst in Finance/Banking with 0-3 years of experience in Canada, your main responsibilities are:<ul><li> Conduct financial analysis to support decision-making, including assessing investment opportunities and analyzing financial statements for accuracy and compliance. </li><li> Collaborate with cross-functional teams to gather and document business requirements for new products, systems, or processes. </li><li> Assist in the development and implementation of financial models and forecasting tools to support budgeting and planning activities. </li><li> Support the preparation of reports and presentations for senior management, providing insights and recommendations based on data analysis.</li></ul>

Roles & Responsibilities

Average take home Salary for a Business Analyst, Finance/Banking in Canada is around C$63874 per year

Salary Breakup

A Business Analyst who specializes in Banking and Finance is accountable for analyzing financial data, identifying trends and making suggestions to enhance the financial performance. They collect and interpret financial data, prepare documents and reports, and work with various departments to create strategies that maximize profits and reduce risk. This job requires an analytical and strong background, as well as expertise in forecasting and financial modeling, as well as knowledge of financial regulations and market trends in the banking sector. Business Analysts in Finance and Banking is a key player in guiding informed decision-making and maximizing the financial processes.

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Business Analyst, Finance/Banking

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