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Tag: banking and finance in Mumbai

Cybersecurity for Wealth Management Firms: Are You Tailoring Security for Your Specific Risks?

Posted on by Imarticus Learning

Over the past few years, there are various reports of banks and financial firms experiencing a huge number of security breaches. On average, a company that deals with financial services faces 85 to 90 attacks every year, and at least one out of three succeeds.

A Cybersecurity breach is a serious problem faced by every organization. Even though financial firms and companies try their best to keep these attacks at a minimum, success rates of cyber-criminals have begun to increase, and this has become a threat to the world of finances.

This is when the importance of new-age banking training arises. It is crucial for everyone to be well-versed with techniques to avoid such incidents. However, because of a lack of proper training, bank and financial firm employees are unaware of different ways to deal with such situations.

What Are the Biggest Threats Faced by Wealth Management Firms?
There are plenty of different ways cyber criminals try to lure their targets or breach cybersecurity in an organization. Here are a few ways you should know-

  1. Phishing Emails, And Phone Calls

Cybercriminals use the tactic of sending phishing emails and phone calls to people to get information. This is one of the most commonly used strategies with the highest success rates. Any individual may get emails from such people that may look legit and fall into their trap by replying to the same with confidential information.

The cybercriminals also act as individuals willing to take services from wealth management firms and make phone calls to gather information. Such phishing calls can lead to huge data extortion and a breach of cybersecurity.

  1. Malware and Viruses 

Using malware and viruses, cybercriminals attempt to get into a firm’s information drive and steal data. These viruses are sent in links through emails or documents. When someone clicks on those links and opens them, the malware gets activated.

For smaller organizations, the goal is to collect data. However, for a wealth management organization, the reward is huge.

What Can You Do to Educate Your Employees?
As an organization, to avoid such cyber-attacks, there are a few things you should do. Apart from asking your employees to take up new-age banking courses from reliable institutes like Imarticus Learning, you can also educate them in the office. Here’s how –

  1. Educate your employees about the importance of cybersecurity. Teach them the basics of cybersecurity through new-age banking training classes and workshops.
  2. Take help from a reliable IT service provider. Once you know your potential attack surface and its various risks, improve your network security.
  3. Keep an eye on your network activity.
  4. Use various policies like secure passwords and the use of VPN tools to minimize any mobile device risks and casualties.
  5. Enforce proper and practical policies in your network, users, and devices. With the help of a reliable IT team, you can configure them in a way that can impose automatic compliance.

Importance of New Age Banking Training 
The new-age banking training has become very important for anyone who wishes to take up a career in the world of finances. These training sessions will not only help you shape your career as an impeccable wealth management advisor but will also help you learn various ways to combat cybersecurity attacks.

With the help of institutes like Imarticus Learning, now you can take up such new-age banking courses and learn various important lessons. The institute is a prominent one in the market for providing varieties of courses in machine learning, data mining, as well as data science, among many others.

Top Indian women conquering the world in AI, Analytics, Digital & Banking sector

Posted on by Imarticus Learning

In the current world, Data analysis is taking strides towards excellence. However, the IT sector is a male-dominated area. Hence, many women may not find the right inspiration to take up analytics and artificial intelligence course or banking and finance courses.

But if you are looking to make a mark in the banking career, then these accomplished women will show you how they have broken the ceiling of stereotypes:

Apurva Madiraju

Apurva Madiraju is currently the vice president at Swiss Re Global Business Solutions India. Swiss Re Global Business Solutions India is one of the premium companies providing insurance, reinsurance and other forms of insurance risk transfers.

Apurva Madiraju has experience of around 11 years in diverse areas like data engineering, AI and machine learning. She has implemented several systems like integrating machine learning and AI-driven solutions to lower any kind of audit compliance risks or implementing analytics-driven decision engines to reduce unnecessary waste of any usable raw materials.

Shikha Sharma

Shika Sharma stands tall as the CEO and managing director at Axis Bank. She did her Bachelor’s in Economics from Lady Shri Ram College for Women and an MBA from IIM- Ahmedabad. In 2009, she joined Axis Bank and took up the responsibility to strengthen the retail lending franchise making the investment banking sector even larger. She has more than 30 years of experience and under her, the bank stocks rose by 90%.

Naina Lal Kidwai

Naina Lal Kidwai is the Country Head and the Group General Manager of HSBC India. She had been the former president of FICCI or the Federation of Indian Chambers of Commerce and Industry and is the first woman from India to graduate out of the prestigious Harvard Business School.

Her name often comes up in the Fortune Global List of Top Women in Business and unsurprisingly, she has been awarded a Padma Shri for her valuable contribution to the world of trade and commerce.

Geetha Manjunath

Dr.Geetha Manjunath founded NIRAMAI, a deep tech startup that is involved in finding out solutions to detect early breast cancer symptoms. She holds a Ph.D. in Computer Science and was the winner of 2010 MIT Tech Review Grand Challenges. Formerly, she worked as a Lab Director in Xerox India, leading in the field Data Analytics Research. She has 15 US patents and is a Senior Member of IEEE.

 Seema Gaur

Seema Gaur is the executive director of IFFCO Tokio General Insurance Co. Ltd. She has over three decades of experience in the IT sector. She manages the IT transformation processes so that she could bring in better growth and development by integrating IT solutions and processes with the business. She has been involved in integrating Robotics, AI and block chain to help in the growth of the customer base of the company.

 Harmeen Mehta

Harmeen Mehta is the Chief Digital and Innovation Officer at BT. She had been working with Bharti Airtel and completed her studies from Harvard University. She has accumulated a lot of experience working with Bank of America, HSBC, and other top brands. She had been the Chief Information Officer & Head Cloud and Security Business until BT hired her in Jan 2021.

Conclusion

If you want to go for banking and finance courses, or any IT courses for making a mark in the banking career, these women can show you the light. It’s time for every woman to bring their best out into the open!

Is Wealth Management a Good Career?

Posted on by Imarticus Learning

Wealth management is among the most promising career opportunities if you’re in the finance and investment domain. It requires dealing with affluent clients who generally have a higher net worth and are looking for a comprehensive approach to managing their overall wealth.

A career in wealth management is considered as a game-changer and has a lot of perks. Let’s delve deeper into what it is and whether it’s a right career choice.

Understanding Wealth Management

Wealth management services have a very broad spectrum that includes investment management and financial planning services for high-net-worth individuals. A customized solution is provided to these affluent clients after thorough researching on multiple financial instruments and investment avenues.

A wealth manager also advises their clients on related aspects like accounting and tax-related services, estate planning, retirement planning, etc. The purview of wealth management services can differ depending upon the nation you are in.

Wealth management has a wider scope when compared to normal financial consultation that focuses only on investment solutions. Wealthy individuals prefer a holistic and integrated approach to manage their finances. Instead of seeking advice from various professionals on different services they look for one advisor that can guide them on multiple financial terrains.

At times, wealth managers also collaborate with the client’s legal advisor and some other financial experts to prepare an optimized wealth management strategy that provides maximum benefits to the client.

A career in Wealth Management

Building a career in wealth management requires you to have a diverse skill set since you are expected to have a comprehensive understanding of the financial instruments and markets. A career in wealth management requires individuals who are ready to multi-task and hone their skillsets.

It is not just about learning about the financial instruments and markets, it also requires you to build your network and convert new clients to increase the business. You will need to spend a good amount of time learning the art of sales and backing it with analytical reasoning.

You should be aware that the wealth management industry has a higher turnover rate, meaning that people enter the industry and quit very soon usually in the initial three years or less. If you can sustain longer than three years, you would receive abnormally higher rewards. One of the most important things that you can work on is increasing your knowledge and your network. If you don’t learn to expand your network, no amount of knowledge about the financial markets will help you win wealthy clients.

If you have a good professional and personal network, you might get your clients easily but with the lack of relevant information, you might not be able to have a long term relationship with your clients. You need to constantly update yourself with the latest market information and changes in regulatory policies.

You can enrol for wealth management courses while starting to have a kick-start in your career. In the end, it’s all about how much money you can make for your client so that he finds it feasible to hire you in the long run. If they are not able to reap the benefits of a professional wealth manager they would not prefer having one.

What is Banking & Finance All About?

Posted on by Imarticus Learning

The banking and finance sector forms the main pillar on which the modern capitalist economy is based on. The roots of 6can be traced back to the period when money was introduced as a method of exchange for goods and services.

This was a revolutionary measure that sparked a revolution; people no longer had to rely on the barter economy which provided a not so efficient measure of exchange. Money filled all the loopholes in the barter economy and started to act as the primary medium of exchange, propelling the wheels of trade and commerce.

So what is banking and finance all about? What goes into these institutions daily? For understanding this, we need to dig deeper into the main functioning of the banking and finance courses and industries.

The primary function of a bank is to accept deposits from people with excess funds and lend money to those who need it. Interest is provided to those who deposit the money in the bank based on the terms and conditions of the institution. Similarly, an interest fee is charged to those who are borrowing money from the banks.

The rate of interest paid to depositors is less than the rate of interest charged from borrowers; this difference in interest rate constitutes a major income source for the banks. So, if you look closely the banks and other financial institutions act as an intermediary between the borrowers and lenders in the economy.

This helps with the channeling of funds in the economy. In addition to all this, banks also help to manage the risk in the economy by properly vetting the lenders and the chances of repayment to provide loans.

There are several types of banks and finance companies catering to a diverse set of individuals and corporations. The different types of banks include commercial banks, retail banks, community banks, credit unions, investment banks, central or federal banks, etc.

Commercial banks are the most common ones catering to private individuals and corporations. The retail banking segment provides services related to credit and money management to individuals and families.

The community banks have a smaller operation when compared with commercial or investment banks. They focus on providing a customized solution to individual customers in close vicinity of the branch.

They focus on a personal touch in their services and the well-being of people they are catering to. Credit unions are more like a closed group designed to help members avail loans and credit services at a cheaper rate.

The investment banks have a more sophisticated operation and generally cater to high-profile corporations and individuals with high-net-worth. One of the primary functions of the investment banks is to raise money for corporations from investors and the public using Initial Public Offers.

They act as underwriters and provide the IPO services to companies seeking funds to grow. They also facilitate mergers and acquisition deal for companies looking to expand and grow by synergizing operations with different companies in the same domain.

Now, the Central banks or Federal banks have a special role to play in the nation’s economy. They act as the watch guards of the economy and help to drive economic changes on a macroeconomic level. The government controls the flow of money in the economy using the central banks.

It deploys monetary policies to control the interest rates which help to manage unemployment rates and the inflation level. The central banks also provide funds to commercial banks in times of distress and act as a guarantor. They help to eliminate the risk element from the market by keeping a check on the bank’s operations.

What are the Careers in Banking and Finance?

Posted on by Imarticus Learning

A career in the banking & finance industry is life goals for many aspirants who want to make it big in life. Given the crucial nature of the job, it is held in high regards by many and invites a lot of competition. There are plenty of job roles in the banking and finance domain that require carried skills sets and a degree of specialization.

A common trait in the jobs offered by banks and financial institutions is that it’s highly rewarding but requires more dedication and time to succeed in the domain. The job roles also require you to have a certain level of technical understanding that you can achieve by opting for banking and finance courses. Let’s delve deeper into some of the key job roles that you can go for in the banking and finance segment.

Financial Analyst

One of the most promising career options in the finance sector is the role of a financial analyst. The main role of a financial analyst is to collect vital data, perform analysis and derive conclusions based on their findings. You will have to do an analysis of the company’s financial performance and also evaluate the competitor’s financial standing. Financial analysts are required to identify market trends and challenges that might arise in the future. They need to provide a solution to the problems identified in the analysis. It requires robust analytical skills and good financial acumen to succeed.

Accountant

The role of an accountant is probably one of the most common ones in the finance industry as almost all businesses require an accountant to manage their day-to-day finances. It is one of the mainstream career choices preferred by finance and commerce graduates.

They are required to evaluate the company’s taxes, analyses the balance sheet and other financial statements like cash flow, profit and loss, etc. Accountants are also required to prepare the budget and detect fraudulent transactions. You can also progress to the field of forensic accounting, chartered accountancy and tax consultancy after gaining experience as an accountant.

Trader/Stockbroker

The role of a stockbroker is to buy and sell stocks on various stock exchanges. A stockbroker can either work for himself or for a reputed finance firm that provides trading and related services. Other than stocks professional brokers can also trade in other financial instruments such as bonds, commodities, etc. It is important to know that it requires dedication and long hours to be successful as a trader or a stockbroker.

It can be very challenging and initially, you won’t have a desired work-life balance given the fast nature of the trades that take place daily depending upon the market fluctuations. It requires you to be a workaholic and self-disciplined.

Management Consultants

The role of a management consultant is very dynamic and requires you to have a proper understanding of the industries that you are targeting. It has a very broad spectrum and covers a range of things including performance evaluation and maximizing profits for businesses. The role of a management consultant is highly rewarding as you can earn a lot more than just your annual salaries. You need to have problem-solving and good communication skills to succeed in this field. Also, a master’s degree is a requirement by most companies who hire management consultants.

Business Analyst

The roles and responsibilities of a business analyst are very similar to that of a financial analyst. They are required to do comprehensive industry analysis and identify the challenges related to the business’s operations and technology. They act as a connecting link between the business and technology department of the organization.

4 Steps To Increase Cyber Resilience In Wealth Management?

Posted on by Imarticus Learning

No amount of wealth management training is sufficient to protect a person’s assets from the dangers of phishing attacks and other malware. The best strategies against cyber attacks are by being vigilant and strengthening the foundations of security.
This is where a new term- cyber resilience, comes into the picture. Put simply, cyber resilience is the process of making defense systems more agile by combining the best of cybersecurity and business resilience. It can be defined as a business’s or organization’s ability to adapt to attacks in a fast-paced environment.
It has become an important part of wealth management training setups that emphasize on the core strengths of highly‌ ‌structured‌ ‌security systems are 4 strategies to do so.
Prepare And Identify Threats
An important part behind any good cyber resilience strategy is to properly identify actions for when the cyber event will occur. Using a bundle of defender tools and data trackers, businesses can know the weak points in the chain of security and act accordingly to prevent any mishaps. Preparedness also involves being able to deal with specific emergency management business functions such as asset management, debit and credit checks, human resources, strategic planning, financial management, and risk management.
Surprisingly, there is a lack of well-documented procedures that should be followed in the event of a cyber attack. Dynamic business environments have to create their own methods with some references from established sources such as the EU General Data Protection Regulation.
Detect Different Attacks
Vigilance, above all, is necessary. Focus on activities to rapidly identify when an attack is to occur and ensure there are proper contingencies in place to substitute for the systems that may be affected when things go wrong. This strategy involves the use of monitoring networks for indicators and keeping safeguards that come into action automatically. There can be a wide variety of attacks including the common DOS(Denial Of Service) attacks.
In the scope of wealth management training, this could be a secondary app or form that caters to use needs during maintenance checks or the use of DNS Reverse Search Lookups to increase security. More importantly, the system should not treat an anomaly that occurs in the mainframe as an attack if it doesn’t cause any mishaps. The reason for the distinction is to prevent this from occurring.
Build Effective Response Systems
Instead of being dependent on the security setups of a singular platform to manage wealth and capital, invest some money in auxiliary systems to support the current network. Incident reports and response plans must be drafted and circulated among users along with some roles that should be assigned to potential members of the organization.
But instead of using machines as tools for response systems, certain individuals must be delegated to ensure safety. Appoint a team leader or a manager to check the system security frequently and produce reports to its health. Another person in the team should have the responsibility of incident checks, coordinating response team activities, and communicating status reports to upper management.
Recover And Review
Use the review systems to restore any affected data. The flow of money should never be affected especially when the concentration of transactions increases exponentially with the number of users. A good means of implementing this is through the use of methodologies like SCRUM that stress on a cyclical procedure to assess attacks and respond to them.
An effective cyber resilience strategy looks at developing and implementing appropriate methods to restore data points and services immediately after an attack. Keeping enough number of phase gates for identity checks or using an SSL(Secure Socket Layers) can help implement these strategies to a great degree.
For more details, you can also visit – Imarticus Learning or can contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Banglore, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

What Is The Function Of Retail Assets In Capital Markets?

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By retail assets, one means the products that are sold. In terms of the capital market, these could be the products of the equity and debt capital markets. Hence one needs to understand the very basics of the capital market to understand its retail assets. Let us start.

Understanding the terminology:

Doing capital market courses can be very useful to get the big picture of the capital markets. The term capital market is the place where securities in the form of various instruments like a bond, stocks, etc can be exchanged by the capital needy borrower and the capital-rich investors.

They comprise the foreign exchange-FOREX market, the bond markets, and the stock markets. The major markets are London, New York, Hong Kong, and Singapore, NSE, NASDAQ, BSE, etc. which are normally found in nearly all financial centers.

The Capital Market courses classify the capital market as secondary or primary markets. The bonds and the stocks are the most popularly known instruments. The financial analyst in the capital markets is the bridge and seeks to make these transactions efficient in the capital market where the borrowers needing capital and the lenders with surplus capital can both exchange securities transparently.

Capital markets deal with capital suppliers including private investors, institutions offering instruments related to their savings and investments in life insurance companies, pension funds, non-financial companies, and charitable institutions and foundations which have surplus cash to invest.

The capital-needy users of the funds are motor-vehicle and home purchasers, governments using funds for building infrastructure projects, non-financial companies, and those seeking capital investment or operating expenses in firms/organizations. Thus capital markets sell both debt and equity securities. The capital markets operate on electronic platforms through online transactions.

Both capital markets and investment banking cover equity and the debt capital market. Capital markets use investor investments and savings serving as a channel between firms needing capital and suppliers who have capital. The capital lending entities include institutional and retail investors while those needing the capital are governments, businesses, and laymen.

Equities are actual ownership of the company stock certificates and the returns on it depend on whether the company makes a loss or profit. Debt securities such as bonds, debentures, etc are IOU’s that bear a fair interest rate higher than that offered by banks. When companies go public they sell IPOs to large institutions like banks, institutional investors like hedge funds, mutual funds, etc.

If the stock is sold to the investor it is called a primary market and the secondary market sells those shares and stocks that come up for trading or reselling existing security. The secondary market is overseen by the SEC. Ex: NASDAQ. This provides investors with a regulated ecosystem and reason to invest in the capital markets.

Different types of Retail Banks:

Retail banks can be of three types. They are:  

  • Commercial Banks
  • Investment Funds
  • Credit Unions

All these banks offer services related to retail banking and provide almost similar services. Their products include: 

  • Savings accounts
  • Checking accounts
  • Mortgages
  • Credit cards
  • Debit cards
  • Personal loans.

Why do a course?
Here are the top reasons for doing capital market courses.

1. Staying updated with technology changes:
Today’s business world needs a good understanding of the working of businesses and compliance with political and regulatory issues. It goes beyond the reading and understanding balance sheets, compliance issues or regulatory measures and reporting.

Data analytics, capital market courses, Deep-Learning systems, and predictive-forecasting are helping make investment decisions and strategies evolve with knowing the exact outcome of the impact of such decisions. All available data and allied technologies are now being used and the financial data is no longer disparate from business data.

2. Skill-set development:
The focus of Capital Market Courses at present on the skill development of personnel for banking and capital markets. The obvious outcomes they will look for are to include customer-facing processes, a deep understanding of business requirements, proficiency in predictive forecasting tools, change, and soft-skills management and understanding and creating financial models for the capital market decisions.

3. The good payouts:
FAs in the capital market according to Indeed make an average of USD 65-110k. They also receive great bonuses, perks, and incentives that total to almost being equal to their earnings. In essence, payouts and lucre are huge incentives in career-making decisions.

Conclusion:
Doing a course from a reputed Academy like Imarticus has several advantages besides certification which works as a true measure of your practical skills. On a concluding note, remember that at Imarticus Learning you can do capital market courses tailor-made for capital markets which cover the comprehensive syllabus with plenty of hands-on experience that is sure to give your career a huge head-start!

For more details in brief and for further career counseling, you can also search for – Imarticus Learning and can drop your query by filling up a simple form on the site or can contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Banglore, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

How Can You Get Into Capital Market After Having Of Banking Experience?

Posted on by Imarticus Learning

Your decision to take up a banking course after graduation will stand you in good stead after being in retail banking. Corporate banking is a great career choice. Corporate Banking which is an area many career aspirants would love to join surprisingly has very few good certification courses.
Recently FLIP introduced a specific Corporate Banking certification course which is apparently popular among the B-school aspirants. This course covers non-funded and funded products while taking you through all corporate banking important work areas. It is an apt course for SME and corporate banking career aspirants and is also used for employee training by leading NBFCs and banks.
Employment Outlook:
The pay packages, bonuses, and career-progression when you make a career in any field of banking like Corporate Banking are not just lucrative and prestigious. They are performance and certification related enabling continuous learning and very satisfying job roles.
According to Glassdoor salaries, the Manager in Corporate Banking at YES bank draws a salary in the range of 1,205 to 1,716K per annum in India. In the US the corporate banker aka Personal banker at Bank of America draws an average of USD 43,330 per annum. These salaries are post based and depend on the bank you join.
Most say a banking course after graduation offers some great pluses like:

  • Job security and working in MNC environments.
  • Super salary packages topped with great benefits
  • Jobs for retired bankers and career-changers within the banking areas are never a problem.
  • Wide variety of jobs experiences and roles.
  • Banking industry jobs are prestigious and have a thriving ecosystem.
  • To update knowledge of latest banking trends and practices training can help. They also help with certifications and interview skills.
  • Excellent career progression and scope for banking jobs makes this career choice great.
  • Community service goals and continued learning opportunities are satisfying and enriching.
  • The working hours are good and the environment conducive to career-progression.
  • Certifications gained will add to your resume and knowledge endorsing your skill levels.

Skills required:
To become career-prepared you need to undertake a course in corporate banking. An academic bachelor’s degree would be essential and experience in banking practices definitely help. Fluency in English communication and excellent skills in presentations using Microsoft Excel Macros and financial software is critical to presenting a report of insights that help decision-making based on predictive analysis foresight and data analytical skills. Yes, conceptual knowledge and expertise in the domain enable you to stand out in this prestigious job.
Why banking jobs are so popular:
In comparison to investment banking, corporate banking dealing with corporate has relatively fixed working hours, fewer deals, large-deal amounts and offers a broader job-scope. New-age banks have evolved which are needs and market-based. Traditionally the roles were related to customer-service and teller areas in banks. This means multi-tasking banking professionals are in high demand. Today rather than specific roles in corporate banking, an aspirant can also take up any of the trending opportunities in new-age banking like
The banking course after graduation syllabus covers topics like

  • Understanding products, solutions, corporate client requirements and the matching of these parameters.
  • RAROC adjustments of risk, wallet sizes, Matrix for product penetration, and relationship management.
  • Credit note memos, analysis, and presentations to the management.
  • Client credit-profile analysis and assessment through quantitative and qualitative techniques.
  • Corporate banking products, Treasury products, and both non-funded and funded products.

In retail banking aka consumer banking, the focus is on the individual consumers or mass-market large commercial banks offering services through their local offices. Some examples of such banks are Citibank, JPMorgan, Goldman Sachs, Wells Fargo and Bank of America.
Increasingly the trend is to go in for new-age banking with a gamut of services and products that are consumer-need and profitability based one-stop banking solutions providers with services like retirement planning, private banking, brokerage accounts, corporate banking, wealth management, and even third-party services being included. Hence a wide-scope new age banking certification is best undertaken at a reputed institute like Imarticus Learning.
Conclusion:
The pay packages, bonuses, and career-progression when you make in corporate banking are not just lucrative and prestigious. They are performance and certification related enabling continuous learning and very satisfying job roles.
Hurry to Imarticus Learning today! For more details, you can also contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Bangalore, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

What Course Should You Pursue Apart From A CFA To Make A Career In Wealth Management?

Posted on by Imarticus Learning

Many a financial career aspirant makes errors in deciding on what kind of career to choose. Also, they go after fancy degrees, certifications, and courses without a thought of what and how to earn and create wealth. A .wealth management course can be a very lucrative career where your earnings can be fee-based. Or you can join a bank too. The ‘lack of information’ about such learning is a major issue that we intend to tackle today.

The Perspectives:

Parents: 

Career options for their wards from the parent’s end are trend-based and most would like it when the kids choose an IT or banking career. Government jobs are of course the first choice. This is no surprise since all parents want their children to do courses like the 0.wealth management course and be well-settled in careers such as CAs, auditors, bankers, and such because these are prestigious jobs that allow you to make a career in the high-demand areas and earn pay-packets that are truly the neighbor’s envy.
Career aspirants:

The right decision for career aspirants in the financial industry is in one way or the other linked to finance and investment-decisions processes. You can look at the financial verticals and find plum roles such as the

1. Decision making Research Analysts, Portfolio Managers, Wealth Managers, etc.
2. The decision enablers like Operations, Statisticians, Credit Analysts, Risk-analysts, etc.

What if you are not aspiring to be a Chartered Financial Analyst-CFA? Let us explore this from the perspective of other job options relating to wealth that a WM course can help with.

The WM course:

India is having a strong growth of individuals with investable wealth or HNIs. According to the 2012 Global Wealth Report by Credit Suisse, the 158,000 millionaires could rise in 2017 to 242,000 requiring at least 10,000 Wealth Managers. Also, the CWM® certification carries its own weight in verticals like Banking, AMCs, Wealth Advisory Firms, Brokering, Financial Advisory businesses, and Insurance.

What the Wealth Manager does:

The WM is your one-stop for investment advice, portfolio management and even services like tax,  estate planning, legal issues, accounting, retirement planning, insurance, and such services. He has probably had some wealth training from a wealth management course.

  • Wealth management is advisory investment services for affluent HNI persons.
  • The WM is a highly expert multi-faceted professional who undertakes wealth management for affluent clients at a negotiated fee.
  • Customers benefit as the WM is a single-point of contact for holistically coordinating a wide variety of need-based financial services for wealth management and also undertakes planning for the future.
  • This area is for those individuals who have a corpus and are busy earning while needing someone trustworthy to manage their diverse needs for financial solutions.

Learning about wealth management:

The present market is flooded with resources in WM like podcasts, blogs, books, apps, etc. However, knowing the basics of financial markets, the management of debts, loans, budgets, insurance, mortgages, investing, etc. will aid your career and facilitate it in your future tasks.

Let us explore the Wealth Management course.

So, you want to learn wealth management then the easiest route is to do a New Age Banking Course. Learning money management is a skill that one learns early and it is a vital life soft-skill. Especially so when you are trained in WM and are an expert resource teaching other wealthy people how to manage their wealth effectively in paying investments and also plan for the unknowns of a planned future.

Imarticus Learning is a training provider with a wealth management course and has a wonderful repertoire of blogs on every subject under the sun. It also provides you with the resources vital for further action to be taken to further your career, gain certifications, etc using paid courses.

Available job profiles: 

The current scenario has three market segments. Namely,

A. Banking jobs: Profiles and opportunities exist in Premier Banking, Wealth Management, Private Clients, Investments, Financial Planning, Liabilities, Bank Assurance, Client Servicing, Product Management, Operations, Fund Management, Institutional Channel Sales, Retail Sales, Marketing, Investor Relationship, Operations, Equity Analyst, Client Servicing Wealth Management, Research, Retail Sales, Institutional Sales, Sub-Broker Channel, Institutional Channel Sales, Portfolio Manager, Managing Agent & Retail Channels, Product Management, and Corporate Brokering.

B. Independent: Client Servicing, Financial Advisor, Wealth Manager.

C. Advisors in wealth or AMC brokering, insurance, etc.

Skills required:

Some of the essential skills are: 

  • Customer Management.
  • Product Knowledge.
  • Client Psychology.
  • Selling Skills.
  • Soft Skills.
  • Understanding of Competition, Business Understanding, and Financial Markets.

Target groups:

These groups can benefit immensely.

  • Working Professionals including Private Banking and Relationship Managers in Wealth Management seeking international certification, IT professionals needing domain skills, Product managers and heads seeking to improve technical aspects in the business, bank executives, Broking Houses, NBFCs, Mutual Funds, Distribution houses, Insurance, etc.
  • Students and career aspirants with B.Com / BBA / BMS / BAF BBI / BFM / M.Com, other graduates seeking careers in finance, graduates with MBA / CA /Law, etc looking for a career.
  • Self-employed professionals managing HNI clients, insurance and MF advisors, independent financial advisors, and others looking to gain technical skills in WM.

In conclusion, discover the wealth management course at Imarticus Learning today as a platform for a successful financial career. For more details and further career counseling, you can also contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Hyderabad, Banglore, Delhi, Gurgaon, and Ahmedabad.

Want To Learn New Age Banking? What Are The Prerequisites For It?

Posted on by Imarticus Learning

With the banking industry constantly evolving to keep up with new technology, there is a surge in jobs in entirely new categories. New age banking is no longer a dream but a reality that all banks are transitioning towards and the career opportunities created are diverse and exciting.
What Is New Age Banking?
New age banking is the integration of digital technologies into banking services in order to reduce the hassle associated with traditional banking. This means no more long lines to basic bank work like deposits, transfers, and more. Today, you can easily open a new bank account, get a credit card, generate new PIN numbers, and more, all in the comfort of your home.
In India, new age banking is still in its infancy and there is a lot more scope for expansion of its capabilities. In many systems around the world, banking is now under one large umbrella where you can jump from one system to another seamlessly.
With new age banking, comes a whole new host of challenges and possibilities. People working in this sector have to have a range of qualifications and strengths in different aspects.
How To Get Into New Age Banking?
New age banking requires a complex and diverse set of skills with an in-depth knowledge of various banking concepts. While you can go about acquiring the required skills and expertise on your own, it is far more advisable to take the many New Age banking Courses available. These courses will cover a range of topics. A good course should also help you with placements at reputable financial institutions. Here is a list of concepts you will be required to master in order to get a job in new age banking.

  1. Macroeconomics: It is imperative to understand macroeconomics and the various implications of the same. You will have to understand the financial sector, economic system, and learn how to analyze economies, industries, and companies.
  2. Finance: You will have to have a theoretical and practical understanding of financial products, the different asset classes, wealth management, and market microstructure.
  3. Financial Analysis: Here, you must have an understanding of financial statements, ratios and their analysis, credit analysis, and credit management in banks and NBFCs.
  4. Fintech: This is a diverse field where you will have to be familiar with several concepts and how to work with them.
  5. You will be expected to have an understanding of using fintech for managing capital.
  6. An in-depth understanding of blockchain and cryptocurrencies is also essential.
  7. You will need to understand how machine learning and robotic process automation (RPA) can help you with financial analysis.
  8. Retail Banking: You will require an understanding of several concepts and have Retail Banking Skills such as deposit products and operations, retail lending, mobile banking, internet banking, branchless banking, and POS terminals.
  9. Corporate Banking: A close understanding of debt products, liability products, working capital, trade finance, and its products, forex sales and operations, treasury products, international products, and fintech in corporate banking.
  10. NBFC: You will need to understand Non-Banking Financial Companies, their products, classifications and funding, sourcing channels, credit underwriting, collection, and digital innovations in NBFCs.
  11. Risk Management: Here you will have to be familiar with the types of banking risks, liquidity risks, market risks, credit risks, and operational risks.
  12. Regulatory Framework: It is essential that you have a good hold on the different regulations in place which includes client onboarding, anti-money laundering, regulatory frameworks and compliance, and regtech.

Apart from having technical skills of the various concepts involved in new age banking, you will also require to have several soft skills in order to secure a job in new age banking. Some of these include:

  • Good communications skills
  • Business writing skills
  • Global business etiquette
  • Customer-centric sales understanding
  • Strategic selling
  • Negotiation skills
  • Proficiency in Excel
  • Good resume writing abilities
  • Interview skills

As you can see, New Age Banking is a complex and diverse field where you will require a strong understanding of several concepts. Financial institutes looking to hire for new age banking expect their employees to continue their knowledge of the field even after learning the basics. A strong people-centric approach is necessary for a job in new age banking.