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New Post 5/14/2008 9:25 PM
User is offline khushi1
2 posts
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Financial domain 
Hi all, I am new to this field. All the interview requirement i am getting is for " Financial domain " . Can someone please throw light on this ? How to start with this domain and what to be learned? Any study material or link? Please share. Thanks
 
New Post 5/14/2008 11:37 PM
User is offline Adrian M.
739 posts
3rd Level Poster




Re: Financial domain 

 monika20 wrote
Hi all, I am new to this field. All the interview requirement i am getting is for " Financial domain " . Can someone please throw light on this ? How to start with this domain and what to be learned? Any study material or link? Please share. Thanks

Hi Monika,

"Financial domain" is a vague term.  It generally deals with any one of the vertical financial services industries such as:

  • Retail Banking
  • Commercial Banking
  • Consumer Loans
  • Mortgage Banking
  • Insurance
  • Brokerage & Capital Management
  • etc.

In job posts, many people use the general term of "financial domain" or "financial services" because these industries, while different, do have many things in common. Therefore a business analyst who was successful in one of those industries will likely do well when switching to another.

For example:

  • All these fields tend to be highly regulated with oversight from one ore more governmental agencies.
  • Rules and laws governing these fields can change often and can come as a result of new/changes to laws from federal, state, or local level.
  • All of these fields deal with some sort of financial data and calculations.
  • All of these fields deal with very sensitive customer/consumer information: names, social security numbers, date of birth, addresses, credit reports, assets, income, etc.
  • Most of these industries tend to have very complex business models and business rules.

Therefore, the need for competent Business Analysts is even more apparent in any of the financial services companies.

Hope this helps!

- Adrian


Adrian Marchis
Business Analyst Community Blog - Post your thoughts!
 
New Post 5/15/2008 9:06 PM
User is offline khushi1
2 posts
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Re: Financial domain 

Thanks a lot for this information.Instantly The term " Financial domain " became clear to me.

I have never thought that it may split into many services you mentioned.I was thinking  each of them a separate entity.

Please clear that industries/companies can deal with any number of services or retricted to one service.I mean , as a BA do we have to focus only on one specific area at a time or it may be combination of many.Like requirement gathering , making a documentation, forecasting etc.

It will be a great help if you can post some relevant information on each of this financial services in a separate folder/area.

 

Thanks

 

 

 

 

 
New Post 6/19/2008 3:51 AM
User is offline dinesh
1 posts
www.nucleussoftware.com
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Re: Financial domain 

Hi Monika,

I am banker by background who had moved to IT & had done Business Analysis for quite some time.There is a lot more than that.An IT company working in banking domain may work into retail/corporate banking.If it is aproduct based company then it would be offering banking products like core banking/retail banking/cash management etc else if it is project based company then it can work on any particular assignment as per customer's needs.

rgds....dinesh

 

 
New Post 8/31/2008 11:10 AM
User is offline sue
1 posts
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Re: Financial domain 

Hi,

I am in a transit  situation, having been with corporate banking, retail banking and then mortgages advisor for about 7 years, I now realise I enjoy customer requirement gathering, documenting and scooting for most suitable options the most besides working on product development. I do have some work experience in dot com payment platforms before, so was wanting to get into Business Analyst position with a banks or IT company who needs someone with thorough product and environment knowledge.

Any tips on how to go about achieving this ? Should I do ISEB BA diploma or will an employer be happy to sponsor me for one? Is PRINCE 2 a complementary qualification for getting a good job ???

Thanks, Sue

 
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