Alastair Majury Bridge of Allan .pdf
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Business Analyst and
It's common knowledge that Business Analysis involves a clear comprehension of the company
one operates in and then help in executing the projects involved with the functioning of the
company. Right from the word go, a Business Analyst ( BA ) has to look after the customer
requirements, end user specifications, and likely problems involved with development and
implementation, existing and planned system modalities, and the operational processes involved
with the project to have the ability to implement it to the client's satisfaction. This is a
requirement of the very livelihood of a BA. This becomes the general description of the nature of
work of a Business Analyst.
How does it differ or rather define otherwise for
the Finance domain?
The most important requirement for a BA is to understand the intricacies of this domainname, he
is working in. Therefore, in case of the finance domain, a BA ought to know the functioning of
the general way of working of fund business and of course, the particular way of working of the
specific sub domain under the finance realm, which he is working in. Examples of those specific
sub domains may be Asset Management, Capital Markets, Equity Markets, Wealth Management,
Portfolio Management, Banking, Accounting, Taxation, Treasury, Audits, Insurance, Risk,
Valuation, Mergers and Acquisitions, Mutual funds, Debt Markets, Foreign Exchange, Advisory,
Research, Corporate Finance etc..
Considering these sub domain have various sets of rules and regulations, coupled with particular
terminologies for every sub sector, a fantastic grasp and understanding of the several terms used
from the day to day working of those sub domains will maintain a Business Analyst in great
stead. Knowledge of performance metrics from the sub domain domain is obviously
advantageous to a fantastic BA which shows he understands how the aims are set and
performance is quantified in the sub domains.
Besides having basic knowledge of the front office and back office operations, the Business
Analyst must also have good communication skills and great management skills to work well. As
is known, a Business Analyst is a bridge between the technical team which consists of of
applications developers and software engineers, and also the end user, which is the customer of
the job. If the bridge isn't well-oiled and is shaky and laborious because of lack of knowledge
within the Business Analyst, the project shall fall apart. Hence the business analyst must ensure
he's current with the latest developments in the field that he's working in, and the specific
requirements of the undertaking.
Good management skills will allow the Business Analyst to understand the necessities of the end
user as well the issues confronted by the technical developers in reaching the requirements
needed. The technical skills of coding and programming and knowledge of latest applications
must be also be understood to the Business Analyst so that he can understand the functioning of
the technical team and be able to guide them appropriately to execute the project to success.
Visit : alastairmajury.academia.edu/