Business Analyst, Finance/Banking

Business Analysts or Financial Analysts analyze data from external or internal clients and use their knowledge to formulate business suggestions.Some other titles of work that Business Analysts Finance/Banking are able to perform include:

Senior Business Analyst: A senior Business Analyst also called a lead analyst analyzes and evaluates the work of junior analysts. Senior business analysts evaluate the processes of large companies and devises strategies to improve efficiency.

Business Project Manager: Business Project Managers organize and plan individuals and tasks as well as resources to ensure that the project is completed by the deadline set and is completed within the budget.

Business Systems Analyst Business Systems Analysts employ technology and business tools to evaluate a business's operational system, processes, and design modifications. They aim to help the company operate more efficiently and effectively through the design and implementation of IT systems.

Responsibilities of a Business Analyst, Finance/Banking:

• Gathering and analyzing data to identify trends, opportunities, and risks in the financial market.
• Identifying, assessing, and recommending strategies to mitigate financial risks within the banking sector.
• Developing accurate and comprehensive financial models to support business decision-making.
• Collaborating with teams to provide insights and recommendations for improving financial performance and achieving organizational goals.

Major educational qualifications required for Business Analyst, Finance/Banking are:

• Relevant experience in finance for corporates and analysis of financial plans and investment banking or any other related areas.
• Communication skills that are strong in both writing and verbal abilities to inform the managers and other stakeholders of results of the project and show the capacity to prioritize tasks and meet daily deadlines for projects.
• Must be able to manage multiple programs and projects simultaneously to complete work, and have analytical thinking skills with the ability to resolve problems using data on their own.
• A person should be able to present with great skills, which include public speaking and presentation skills.
• Processing skills with Microsoft Excel, Access, Visio and various other analysis software.
• A basic understanding of programming languages, like SQL (Structured query Language) and Python.

Some Alternative job roles available for Business Analyst, Finance/Banking are:

• Financial Analyst: Analyzes financial data and provides insights and recommendations for improving business performance.
• Investment Analyst: Researches and evaluates investment opportunities, assisting in making informed financial decisions.
• Credit Analyst: Assesses creditworthiness of individuals or businesses, determining loan eligibility and managing credit risk.
• Treasury Analyst: Manages cash flow, analyzes financial markets, and develops strategies to optimize liquidity and minimize risk.

Business Analysts are in high demand among businesses and small enterprises. According to study estimates, the job market for Business Analytics is predicted to rise at a CAGR (Compound Annual Growth Rate) of 14.3% by 2026. Companies are willing to pay more for analysts, particularly qualified expert-level employees. India's financial sector is growing at around 8.5% per year starting in 2019. The increase in the growth rate indicates that the economy is expanding. The financial and monetary policies are capable of sustaining a stable growth rate. The financial sector in India had an overall growth of 15%, which has shown stability over the last several years. Financial analyst employment is predicted to grow by 5% between 2019 and 2029, faster than the average for all industries.