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Day: March 4, 2023

How learning data analysis can impact your career?

Posted on by Imarticus Learning

Data analysis holds the key to the future of most businesses. Earlier, the resultant data of any transaction was either not captured at all or, at best, recorded manually. Such details would be usually generated and preserved in excel sheets and used by an organisation to make data-driven decisions. However, such manual practices are unimaginable now. The main reason is the massive volume of data, often referred to in this domain as big data. A career in data analytics, thus, is in huge demand. 

Nowadays, every organisation is digitally evolving. Business houses are using digital platforms to gather substantial feedback from their clients. This model may be best understood when someone chooses a product or service from an E-commerce platform. Past client reviews and earlier product ratings often guide the choice. The manufacturer or the dealer also gets feedback on the platform from the client and understands the product’s sustainability and demand in the market.    

Role of A Data Analyst 

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The function of a Data Analyst begins with recognising and gathering raw data. The next roles include cleaning or filtering the available raw data. The data is then worked upon using tools like advanced excel, statistics, and programming languages such as Python & R, etc., and presented in the form of easily understandable visuals like bar or pie charts. Thus, the knowledge of Power BI and Tableau is equally important. All these tasks of a Data Analyst are directed towards assisting or supporting the management of a business house to make a path-breaking and futuristic decision. This would pave the way for a targeted top line in the business with desired profit at the end of the financial year. Besides these, data analysis also helps the company to locate the present, and future potential of a said business, irrespective of whether it is a product or a service. The process can also predict whether a product should be discontinued from the market or a new product should be launched soon. 

How to Become A Successful Data Analyst?

Data analysis may be taken up as a career by individuals who don’t have a Bachelor’s degree in Software Engineering. However, it should be remembered that aspiring candidates who want to learn data analysis must have a strong inclination towards the subject with an aptitude to learn and grasp complex topics in the subject domain. Since this job involves handling different algorithms and programming types, knowledge of languages like C++, Java, R, and Python becomes essential. Candidates don’t need to learn all the languages simultaneously. However, starting with R & Python might prove to be helpful. Over time, the candidate is free to master other useful languages to secure a better understanding of the domain. 

Apart from the hard-core technical knowledge of the profession, knowing about the services offered by the organisation or the product manufactured is desirable. The more the candidate develops this knowledge, the better the aspirant may analyse the data. The accuracy of prediction or extrapolation of data will also have far-reaching effects. 

A successful Data Analyst should have both an innovative and inquisitive mind. He should develop a habit of taking notes from different research papers on the subject and from videos.

Along with all these, candidates aspiring to become Data Analysts or existing data analysts must create a community of people with similar educational backgrounds and common professional interests. Within the circle, they can discuss good practices and try to absorb them in their daily activities. Listening to success stories from professionals from a different background other than software engineering will also boost the morale of aspiring job seekers in this domain.

Conclusion

The job market for a Data Analyst is debatably growing at the fastest rate as per industry standards and shall have a very high demand in days to come. Every organisation is now relying on data as its prime mover. Whether it is an overall prediction for a business market or a key decision regarding an upcoming or an existing product or service, data analysis is the only modern solution in today’s world. With an advanced analytical mind and a strong command over the business domain, young Data Analysts may aspire to become Data Scientists someday. 

A prospective candidate can learn data analytics from the postgraduate program in data science and analytics course taught at Imarticus. It is one of the best data analytics courses in India, taught over a span of 6 months. This course will help you to achieve your dream. Head to the website to learn more about the course.

What are the steps involved in anti money laundering?

Posted on by Imarticus Learning

Money laundering is a heinous financial crime that contributes to the downfall of almost any financial system. Money laundering constitutes criminally obtained proceeds by disguising their origins to make it look like it is coming from a genuine source. It ranges from small tax evasion to drug trafficking to public corruption. 

Anti-money laundering or AML refers to a web of laws and regulations that aims to uncover disguised illicit funds as legitimate incomes. The incorporation of AML in the financial sectors has substantially raised the market’s financial stability standards. It has helped in finally lifting international capital control as well as ease in conducting complex chains of financial transactions. 

Specific steps involved in anti-money laundering help in the financial growth of the market. Here we have curated some ideas to stop money laundering to ease financial growth. 

History of Anti-Money Laundering

The concept of money laundering dates back about 100 years. The formal concept of anti-money laundering arose 50 years after this. 

The first case of USA AML Legislation was in 1970 with the Bank Secrecy Act. The aim was to thwart organised financial crime. Its provisions required the banks to report cash deposits of more than $10,000. Furthermore, the legislation would require banks to identify the individuals for conducting these transactions and keep records of future transactions. 

AML got much more prevalent in 1989 when a task force was formed by a group of countries with eminent international organisations. The Financial Action Task Force or FATF was formed to devise international standards to prevent money laundering or promote their adoption. In October 2001, to combat terrorist financing, FATF expanded its mandate post-9/11 terrorist attacks. 

Additionally, another financial institution was formed to fight against money laundering. The International Monetary Fund (IMF) has urged their members to comply with international standards and help thwart terrorist financing. 

The Anti-Money Laundering Act of 2020 ensured the sweeping overhaul of every US AML regulation since 2001. This legislation included the different aspects of the Corporate Transparency Act, making it harder for shell companies to evade anti-money laundering and economic sanction measures. The legislation was also subjected to cryptocurrency exchanges and antiquities dealers to the same customers requiring diligence as financial institutions. 

The 3 Stages of Money Laundering

Money laundering consists of three important stages that must be checked as quickly as possible. Here, we will discuss the stages of money laundering in detail to give you a clear concept of stopping these at their early stage. 

Placement Stage 

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The first stage of money laundering involves the criminals moving their illegal funds in disguise of a legitimate income. Criminals are prone to use these tactics. They are: 

  • Creating false invoices: Criminals tend to create false invoices matching the cash amounts. This makes it look like the cash was used to settle transactions. 
  • Foreign bank accounts: Using foreign bank accounts is also a crucial step in money laundering. Criminals deposit small amounts of cash in a foreign bank account before sending it to the origin bank account.
  • Offshore companies: Businesses registered outside the origin country are offshore companies. These companies help criminals to hide their illicit funds. 
  • Cash-based business: Criminals often add cash to legitimate businesses as a disguise. These cash-based businesses include car parks, casinos, car washes and launderettes. 
  • Micro-laundering: When an individual or a group of individuals deposit small amounts of illicit funds that do not fall under the AML threshold into bank accounts, it is a fine example of micro-laundering. 

Layering Stage 

Once the criminals place the money into the financial system, it tends to hide the illicit origin. Criminals often divide the bulk of funds into different smaller transactions falling under the threshold of AML regulations. This further obscures the audit trail and makes it virtually impossible to identify the source of origin of the funds. Layering often occurs in different geographical locations, making it hard to detect. Several tactics are included to hide its origin. They are: 

  • Trading in international markets
  • Trading in foreign countries
  • Purchasing and selling luxury goods

Integration Stage 

The final stage of money laundering is integration. Criminals tend to integrate the funds back into their sources or legitimate accounts and use them without attracting the attention of the authorities. They often do this in smaller transactions. They integrate the funds by purchasing a luxury asset or property or creating fake employees by adding them to company payrolls. They often pay out loans to the directors of small shell companies and pay dividends to the shareholders of those criminally controlled companies. 

Stages to Integrate Anti-Money Laundering Procedures

The primal procedure of AML is to instruct financial institutions to monitor customer transactions and deposits. They need to flag any suspicious activity and report it to the authorities. Here we have iterated some stages that would help the business to remain compliant with AML regulations. 

  • Implementing KYC Measures: KYC or Know Your Customer regulations require financial institutions to verify the customers’ identities thoroughly, which would eliminate the idea of money laundering. 
  • Conducting Customer Due Diligence (CDC): CDC is one of the integral policies of AML. This should be done in line with FATF recommendations. 
  • Tracking High-Risk Clients: Even though AML regulations require regular monitoring of every client, it is pivotal to look after the clients with high risks. Every transaction must be monitored closely and flagged if any suspicious activity occurs. 

Conclusion 

Money laundering is one of the most serious crimes in the financial sector. According to the UN, roughly 2-5% of the global GDP money is laundered every year, which amounts to $2 trillion. A growing financial institution needs to be fueled with comprehensive AML regulations. This would impact the global economy greatly, decreasing the percentage of money laundering by the year. 

If you are interested in learning investment banking or in an investment banking course with placement, check out Imarticus Learning’s Certified Investment Banking Operations Professional (CIBOP) course. This 180-hour program is designed to give you an in-depth understanding of complex financial problems along with different operational risks and regulations. 

What is Credit Risk under Risk Management?

Posted on by Imarticus Learning

Credit risk is an unavoidable part of any business’s risk management strategy. But what exactly is credit risk, and how can you best manage it? In this blog article, we will explore what credit risk is and how to understand it better. We will discuss the importance of assessing credit risk levels and their potential risks. We will also cover some tips for mitigating credit risk in your business. By the end of this post, you should better understand how to tackle credit risk under your overall risk management strategy. 

What Is a Credit Risk under Risk Management?

Credit risk is the probability of loss that a creditor will incur when a debtor fails to make payments on their debt obligations. Creditors use credit risk management to assess and mitigate the risk of losses arising from delinquent or defaulted debtors. There are several credit risks, including counterparty risk, country risk, sovereign risk, and interest rate risk. 

Creditors use a variety of methods to manage credit risks, including collateralization, hedging, and diversification. Collateralization involves using assets as security for loans in order to reduce the likelihood of losses in the event of a default. Hedging is a type of financial engineering that aims to minimize exposure to adverse price movements by using derivative contracts. Diversification is another common approach to managing credit risks, which involves spreading out investments across multiple borrowers to minimize the impact of any one borrower defaulting.

What are some prerequisites to becoming a credit risk assessment manager?

If you aspire to be a credit risk assessment manager, here are a few things to know.

Firstly, you should have a degree in risk management, finance, or a related field.

Secondly, you should have several years of experience in credit risk management.

Finally, you should be able to demonstrate strong analytical and problem-solving skills.

What are some factors to consider before becoming a credit risk assessment manager?

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When assessing whether or not to become a credit risk assessment manager, there are a few key factors to consider. The first is your experience in finance and credit risk management. It is important to have a strong understanding of financial concepts and models to succeed in this role. Additionally, you should be comfortable working with large amounts of data and have strong analytical skills.

Another important factor is your ability to communicate effectively with internal and external stakeholders. As a credit risk assessment manager, you will be responsible for providing clear and concise reports on the risks associated with lending decisions. Therefore, you must have strong writing and presentation skills.

Finally, you should also be aware of the regulatory environment surrounding credit risk management. It is important to stay up-to-date on regulation changes to ensure compliance within your organization.

How can an investment banking course help you learn about Credit Risk Assessment and the whole industry?

There are many reasons why an investment banking course can help you learn more about credit risk assessment and the industry. For one, an investment banking course will give you a fundamental understanding of how lenders assess credit risk. An investment banking course will also teach you the financial instruments used to manage credit risk. Finally, an investment banking course will give you insights into the inner workings of the credit industry, which can be invaluable when making informed decisions about your finances.

Treading on Learning Journey with Imarticus Learning:

Since you know what a credit risk assessment is, here is a course offered by Imarticus Learning that supports your risk management career goals. Check out the Certified Investment Banking Operations Professional, a course built for those looking to make a career in the field, and investment banking course.

Imarticus Learning offers students an opportunity to build a career with the best programs under its flagship industry-approved program that is best for learners with under three years of experience and comes with a 100% job interview guarantee. This extensive 150-hour program helps you become an investment banking operations expert. The program focuses on the fundamentals of financial markets, trade life cycle, risk management, and regulation and prepares you for a job at a leading company.

Course USPs:

The program comes with a job interview guarantee 

Tailored training & offer placement support for unique career goals

Certification from Academy – Euronext Group to enhance your profile

Insights on financial markets, trade life cycle, and risk management.

Expert faculty for robust curriculum using hands-on training

Real-world projects and problem solving

For further details, contact the Live Chat Support system or visit one of our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

Who is eligible for digital marketing certifications?

Posted on by Imarticus Learning

Digital marketing certification is becoming increasingly important as the world becomes more technologically oriented. Digital marketing certification officially acknowledges one’s proficiency in the field. It is increasingly becoming an essential tool for professionals seeking to develop their skills and maintain competitiveness in the job market. 

Many people, including experts in the field, graduates, business owners, people changing careers, & marketing enthusiasts, can obtain a certification in digital marketing. A lot of benefits come with certifications, including better job prospects, the ability to show one’s expertise, higher earning potential, professional recognition, and the ability to remain competitive in the job market. 

When choosing a digital marketing certification program, it’s essential to research providers, determine your career goals, consider your budget, check for accreditation, & look into industry recognition. 

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This post will discuss who is eligible for digital marketing certifications, the advantages of getting certified, and how to select the right certification program.

Eligibility for Digital Marketing Certification 

Digital marketing certification is available to career switchers, graduates, entrepreneurs, industry professionals, and marketing enthusiasts.

  • Industry Professionals

Digital marketing certification is ideal for professionals already in the digital marketing industry. These individuals can use the certificate to stay up-to-date with industry trends, expand their skill set, and demonstrate their experience and expertise to potential employers.

  • Graduate and Undergraduate Students

A digital marketing certification is also a fantastic option for graduates and undergraduate students who want to gain additional skills to boost their job prospects. Certification can show prospective employers that a candidate is dedicated to lifelong learning and can help recent graduates stand out in a crowded job market.

  • Entrepreneurs and Small Business Owners

Entrepreneurs and small business owners can avail benefit significantly from digital marketing certification. Certification can help them understand how to use digital marketing to promote their businesses effectively and reach a wider audience.

  • Career Switchers

Individuals looking to switch careers can also benefit from digital marketing certification. Certification can help them develop the skills and knowledge necessary to successfully transition into a digital marketing role.

  • Marketing Enthusiasts

Finally, marketing enthusiasts can also benefit from digital marketing course certification. Certification can help them gain the skills to turn their passion into a career.

Choosing the right digital marketing certification course requires careful research and consideration. By considering your budget, career goals, & the reputation of the certification provider, you can choose a program that will help you achieve your career goals and stay competitive in the job market.

Benefits of Digital Marketing Certification

  • Improved Job Prospects: Digital marketing course with placement can significantly improve your job prospects. Certification can make you more attractive to potential employers, demonstrating your commitment to ongoing learning and your expertise in the field.
  • Increased Earnings Potential: Digital marketing certification can also increase earnings potential. Certified professionals can often command a higher salary than their non-certified peers, thanks to their demonstrated expertise and knowledge.
  • Demonstrated Expertise: Certification is a formal recognition of your expertise in digital marketing. It proves to potential employers that you have the skills & knowledge necessary to succeed in a digital marketing role.
  • Professional Recognition: Digital marketing certification can also lead to professional recognition. Certified professionals are often seen as leaders in their field, and certification can help you stand out among your peers.
  • Stay Competitive: Finally, digital marketing certification can help you stay competitive in the job market. As the digital marketing industry continues to grow and evolve, staying up to date with the latest trends and technologies is essential. Certification ensures you have the knowledge and skills to stay ahead.

Overall, digital marketing certification offers numerous benefits to professionals at all stages of their careers. The certificate provides a better chance to achieve your career goals and stay competitive in the ever-changing digital landscape, whether a recent graduate, an industry professional, or an entrepreneur.

Discover Digital Marketing Certification Course with Imarticus Learning

Our digital marketing online training provides guaranteed job assurance and a curriculum focusing on capstone projects, employability abilities, and opportunities for stable job opportunities. Besides being far more collaborative, our program helps students become market-ready by equipping them with the necessary skills to stand out.

Course Benefits for Learners:

  • By studying clients’ case studies, students can discover how large businesses leverage Social Media Marketing courses to remain ahead in the market.
  • Students now have easy access to a career in digital marketing certification program that covers all the fundamentals of SEO.
  • Students can experience supervision on the online project that will teach them all SEO principles.

 Get in touch with us through our chat support system, or drive to our centers in Mumbai, Thane, Chennai, Bengaluru, Pune, Delhi, Gurgaon, or Ahmedabad.