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Day: June 12, 2021

What are the profitable and developing career paths in the fintech industry?

Posted on by Imarticus Learning

Fintechs are start-ups offering financial services and banking products in business competition with the banking and financial institutions.  Many of them operate globally and account for sizeable portions of the industry services in finance, banking, and insurance sectors.

With Fintech industries becoming hugely popular the numbers of career paths in Fintech industry that open up are huge, especially for finance and computer science background aspirants.

Appropriate skills required.
The emerging technology of today which helped revolutionize the fintech sector is of blockchain technology. To be recruited the appropriate job skills will be required. We list below such skills to develop in order to make a lucrative start of your career in the fintech sector.

  • Java: This is popular with investments, banking, and financial sectors. There is a huge dearth of skilled programmers and team members, and for obvious reasons, the payouts can be very good.
  • C#: The analytics and risk team, offshore developers, C# programmers will be needed to build tools for RWA calculations used in the financial and banking sectors.
  •  Murex: Most financial sector jobs need broad-based skills that include language proficiency, technical skills and familiarity with Murex to be on strategy teams. The analytics development and integrations with Murex will also be required of Quants.
  • Python: This is the favorite of the fintech, banking, insurance and nearly all sectors with money transactions.
  • Finance/ Business analyst: Banks are redoing their technology strategy and implementing new projects based on blockchain technology and user experience. Security, audits, back office reporting, predictive analysis, and compliance regulations are increasing creating a demand for those who can upgrade, tweak and implement transitions to the latest technology.

Developing career paths.

1. Blockchain Developer
The need for blockchain developers and experts is growing exponentially. Enterprise developers, Ethereum network-based payment solutions, smart contracts, and distributed developments will spur the demand for developers and analysts.
2.  Apps Developer
The markets of the Fintech sector has seen scaling upwards market growth in mobile and digital payment solutions, personal finance solutions and mobile app development. This has pushed up the demand for young Fintech app developers.
3. Financial and Data Analysts
Increasing numbers of startups and the fascinating growth of technology in the financial sector means unstoppable demand for financial and data analysts.
4. Product Manager
Such managers will be in high demand in the encryption, security, online identity, and cryptography areas. Knowledge of Scrum, Agile and such evolving team performance tweakers will become essential.
5. Compliance Aces
Compliance experts, compliance analysts, and compliance officers for financial companies will be crucial to ensure regulatorily, and compliance targets are met.
6. Cybersecurity and Risk Analysts
Risk management, compliance, and regulatory experts will be sorely needed.
7. Analysts for Quantitative analysis
The ‘Quants’ drive complex big financial models based on data-driven emerging technology to make those financial, banking, hedge fund, and securities trade successful, fast, secure and risk-free. Cloud computing, quantum computing, AI, AR, and predictive analysis are good algorithms for your career.
8. Culture Evangelists.
Retention of skilled candidates becomes a daunting task with the increasing supply-demand gap. The HR department, event managers, and culture advisors will be in demand.
9. Manager-Business Development 
These managers are crucial to the growth of startups and Fintech organizations.
10. Data Specialist
Data scientists, data analytics managers, financial data analysts are required in large numbers with the ever-increasing amounts of data.
Do a fintech course in Banglore to start your career off on the right note.

What Are the Responsibilities of a Financial Analyst?

Posted on by Imarticus Learning

Data science has been playing a revolutionary role in the evolution of the banking and finance industry. Business decisions and future projections are no longer based on wild guesses and ambiguous assumptions. In the 21st century, businesses decisions are backed by relevant data that provides valuable insights. Now, the big question here is how will companies leverage data?

Well, the data science industry is fairly new and growing. To harness the power of data companies employ analysts who specialise in making sense of data. Financial decision-making for companies is very crucial and requires expertise in the domain. Financial analysts are employed by companies to help save fortunes and develop a strategic growth plan.

The increase in demand for financial analyst professionals has made it a lucrative career prospect for individuals. Financial analyst certification helps to establish credibility and increase the job prospects for individuals looking to work as financial analysts. Let’s jump into some of the major roles and responsibilities of a financial analyst.

Responsibilities of a Financial Analyst

Financial analysts play a crucial role in the functioning of an organisation. They help to discover real and valuable insights after conducting a thorough analysis of the data obtained from various sources. They help to identify valuable investment opportunities for companies and help them grow their business in new avenues after doing an in-depth cost-benefit analysis.

They are responsible for working with the accounts department to ensure accurate financial reporting. They are also responsible for performing market research and conducting data mining. Creating financial models like Mergers and Acquisitions (M&A) model, Leveraged Buyout (LBO) model, Discounted Cash Flow (DCF) model, etc. is also the part of their job role.

The role of a financial analyst also varies a great deal depending on the type of organisations they work at. The degree and scope of work also vary to a large extent on the size of the organisation. Financial analysts are primarily employed by insurance firms, banks, investment firms and KPOs. Most financial analysts prefer to work with investment, either for a buy-side investment firm or sell-side investment firm. The major responsibilities of financial analysts are listed below.

Collection and organisation of information

The first step to conduct any research work is to gather valuable and relevant data that can be used to achieve the desired objective. Financial analysts are responsible for the collection of relevant information and organisation of the data into presentable formats that can be easily understood by the stakeholders. These data might include accounting related information finance metrics, economic data, general stats, etc. These data are collecting using company database or third party providers like Bloomberg.

Analysis and Projections

The collection and organisation process is followed by conducting a thorough analysis to obtain valuable information regarding the company’s financial positioning. The historical performances are analysed after collecting relevant variables to the analysis process. These might include financial data such as inventory turnover ratio, year on year growth rates, liquidity ratio, an asset to liability ratio, profit margins (gross and net), etc.

After the analysis is conducted, the projections and predictions regarding the company’s future performance are made. Various projection methods including regression analysis, bottom-up bottom-down approach are used to predict future movements and take desired actions.

Developing recommendations

Building recommendations is a crucial responsibility of financial analysts. Collecting data and conducting analysis helps to identify the problems. The projections are related to unveiling future scenarios. The recommendations process is all about providing suggestions and coming up with solutions to tackle those problems. This might include finding new growth trajectories, identifying profitable investment opportunities, cutting down losses, etc.