Business Analyst and Finance




It's well known that Business Analysis involves a clear understanding of the company one works 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 with development and implementation, existing and planned system modalities, and the operational procedures involved in 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 character of work of a Business Analyst.

How does it differ or rather define differently for the Finance domain?

The most important requirement for a BA is to realize the intricacies of this domainname, he is working in. So, in case of the fund domainname, a BA should be aware of the functioning of the general means of functioning of fund industry and needless to say, the particular way of functioning of the specific sub domain under the finance domain, which he is working in. Examples of those specific sub domains could 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..

Since these sub domain have different sets of rules and regulations, combined with specific terminologies for every sub industry, a good grasp and comprehension of the various terms used from the day to day working of those sub domains will hold a Business Analyst in good stead. Understanding of performance metrics in the sub domain domain is always advantageous to a fantastic BA and that shows he understands how the goals are set and performance is quantified in the sub domains.

Apart from having basic understanding of front office and back office operations, the Business Analyst must also have great communication skills and fantastic management skills to work nicely. As is known, a Business Analyst is a bridge between the technical staff which comprises of applications programmers 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 because of lack of knowledge within the Business Analyst, the undertaking shall fall apart. Hence the company analyst must ensure he's current with the most recent developments in the field that he's working in, and also the particular requirements of the project.

Fantastic management skills will enable the Business Analyst to comprehend the necessities of the end user and the problems faced by the technical developers in reaching the requirements desired. The technical skills of coding and programming and knowledge of latest applications must be also be known to the Business Analyst so that he can understand the functioning of their technical staff and be able to direct them appropriately to execute the project to success.


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