| It is common knowledge that Business Analysis | | | | terminologies for each sub sector, a good grasp |
| involves a clear understanding of the business one | | | | and understanding of the various terms used in |
| operates in and then help in executing the | | | | the day to day functioning of these sub domains |
| projects involved in the working of the company. | | | | will hold a Business Analyst in good stead. |
| Right from the word go, a Business Analyst ( BA | | | | Knowledge of performance metrics in the sub |
| ) has to take care of the client requirements, end | | | | domains is always advantageous to a good BA |
| user specifications, likely problems involved in | | | | and that shows he knows how the goals are set |
| development and execution, existing and proposed | | | | and performance is measured in the sub domains. |
| system modalities, and the functional processes | | | | Besides having basic knowledge of the front |
| involved in the project to be able to execute it to | | | | office and back office operations, the Business |
| the client's satisfaction. This is a requirement of | | | | Analyst should also have good communication |
| the very profession of a BA. This becomes the | | | | skills and great management skills to work well. |
| general description of the nature of work of a | | | | As is known, a Business Analyst is a bridge |
| Business Analyst. | | | | between the technical team which comprises of |
| How does it differ or rather specify differently | | | | software developers and software engineers, and |
| for the Finance domain? | | | | the end user, which is the client of the project. If |
| The most important requirement for a BA is to | | | | the bridge is not well-oiled and is rusty and shaky |
| understand the intricacies of the domain, he is | | | | because of lack of knowledge on part of the |
| working in. So, in case of the finance domain, a | | | | Business Analyst, the project shall fall apart. Hence |
| BA should know the functioning of the general | | | | the business analyst must ensure he is up to date |
| way of working of finance industry and of course, | | | | with the latest developments in the field that he is |
| the specific way of working of the particular sub | | | | working in, and the specific requirements of the |
| domain under the finance domain, that he is | | | | project. |
| working in. examples of these particular sub | | | | Good management skills will enable the Business |
| domains could be Asset Management, Capital | | | | Analyst to understand the requirements of the |
| Markets, Equity Markets, Wealth Management, | | | | end user as well the problems faced by the |
| Portfolio Management, Banking, Accounting, | | | | technical developers in achieving the requirements |
| Taxation, Treasury, Audits, Insurance, Risk, | | | | desired. The technical skills of programming and |
| Valuation, Mergers and Acquisitions, Mutual funds, | | | | coding and knowledge of latest software must be |
| Debt Markets, Foreign Exchange, Advisory, | | | | also be known to the Business Analyst so that he |
| Research, Corporate Finance etc. | | | | can understand the working of the technical team |
| Since these sub domains have different sets of | | | | and be able to guide them appropriately to |
| rules and regulations, coupled with specific | | | | execute the project to success. |