Blog Brief:
The banking and finance sectors offer several job roles in diverse areas, which comprises retail banking, insurance and pensions, business banking, investment banking, investment management, life assurance, and regulated financial services. Pursuing an online certificate in banking and financial services program gives you the necessary exposure to banking operations, legislations, schemes and policies, and the role of banks and financial service institutions. Since the industry is experiencing rapid changes, it also helps you stay abreast of the latest trends and practices. Fintech is a game-changer navigating digital integration, transforming the process of how people deal with finances. Several fintech start-ups are proliferating with significant investments and funding and increasing users across the globe. With scope for innovation and further expansion, it offers several job opportunities for competent professionals. Career opportunities include Cybersecurity analyst, blockchain developer, quantitative analyst, compliance officer, data scientist, financial analyst, etc.
Are you aware that the banking and finance sectors offer several job roles in diverse areas with opportunities for specialization? It comprises retail banking, insurance and pensions, business banking, investment banking, investment management, life assurance, and regulated financial services.
You can choose a career pathway in trading if you like problem-solving, fit into IT if you love working with computers and gadgets, or explore several roles in sales, customer support, or human resources if you enjoy interacting with people. Job roles in finance and banking differ and require people with different skill sets to fit into those roles, from tech-savvy engineers to people with creativity and soft skills. It allows you to meet several people with varying economic backgrounds.
Technology integration facilitates bankers to automate routine tasks and focus on the more challenging aspects of customer-facing roles. Digital integration enabled Fintech to make rapid progress in the last few years and is the fastest evolving industry in recent times, raising the demand for skilled professionals in the field. Nio Solutions, Nubank, OakNorth Bank, OfBusiness, Optiver, Paytm, etc., are some of the leading fintech companies worth looking for in 2022.
You can be a fresh graduate looking to pursue a career in banking and financial services or a professional attempting to switch your career from a different industry. Whatever the reasons, a certificate in banking and financial services online program gives you the necessary exposure to banking operations, legislations, schemes and policies, and the role of central banks and various financial service institutions. Since the industry is experiencing rapid changes pursuing a course helps you stay abreast of the latest trends and practices. Gaining expertise and experience facilitates a quick transition to senior-level positions and a high salary.
Fintech is making rapid progress and is a game-changer; as the industry navigates digital integration, transforming the process of how people deal with finances.
Several fintech start-ups are proliferating with significant investments and funding and increasing users across the globe. With scope for innovation and further expansion, it offers several job opportunities for competent professionals. In Fintech, customers use digital mediums to access financial products. The internet, mobile, and cloud technologies revolutionized several industries in the past. eCommerce is the term used for the technology-integrated retail setup; in banking, it’s Fintech. With several innovations, they are working to enhance the following:
- the process of accessing financial products and services for customers
- customer experience
Fintech, the next big thing in the finance environment, has a demand for qualified professionals. While Fintech is more connected with technology, it offers several options for non-tech professionals. A certificate in banking and financial services provides an excellent opportunity for fresh graduates or experienced professionals looking for a career change to pursue a career in any of the following areas:
- Management
- Sales
- Marketing
- Consulting
- Operations
- Business development
- Research
Let’s look at some of the career opportunities in the domain.
1) Cybersecurity Analyst
Security is a critical concern with increasing cyber attacks and information theft. Security breaches have become sophisticated that effective cyber security measures to identify, prevent and eliminate threats are the need of the hour, increasing the demand for competent professionals. It is an excellent career prospect with lucrative salaries.
2) Blockchain Developer:
Blockchain is a registry that documents data and transactions across the digital medium with enhanced security features. It forms the basis for cryptocurrencies or digital money, which facilitates managing payments, investments, land records, contracts, etc. Blockchain technology provides a highly secure environment for digital transactions and withstands cyberattacks. As more companies embrace blockchain technology solutions, competent professionals must improve efficiency, security features, and speed-to-market. There is high demand for professionals with Hyperledger Fabric, Ripple, and Solidity skillsets.
3) Mobile Application Developer:
With the proliferation of mobile-dependent societies, customers prefer to do transactions at their convenience, hence the need for sophisticated apps. A mobile developer plays an integral role in developing mobile-based web applications. The development process is similar to the software development process like analysis, user interface design, coding, and testing. Develop applications compatible with Google Android or iOS platforms using C, C#, Java, Python, etc., per requirements.
4) Quantitative Analyst
Quantitative analysts identify profitable investment opportunities, help businesses make effective financial decisions, and manage risk. Expertise in applied mathematics and statistics help solve problems associated with finance and risk management. They develop and implement complex models; help firms make decisions related to investments, pricing, and other business issues. Quantitative analysts have opportunities to work in investment banks, asset management firms, hedge funds, private equity firms, and insurance companies.
5) Risk and Compliance Officer:
Finance companies require specialists to analyze, prevent and mitigate regulatory, operational, and crime risks. Risk compliance specialist designs and implements policies and procedures throughout the company, as per the specification of regulatory agencies; also reviews and makes modifications as needed. You will also need to collaborate with external auditors to assess potential fraud, develop fraud detection tools and audit the organization’s internal controls. With rising financial fraud activities, the need for specialists to take necessary measures is very high.
6) Data Scientist:
Data analysts are required to study and analyze large amounts of data related to purchases, bookings, subscriptions, payments, transfers, trades, etc. You should possess excellent analytical, statistical, and programming skills; and develop data-driven solutions based on the organization’s needs. With rapid advancements in the field, you should stay updated on emerging tools and best practices. Data analyst study raw data cleanses, analyzes, and summarizes it into understandable information that enables banking and financial companies to analyze consumer behavior and make predictions. You should be able to identify habits and trends in data, which assist in solving business problems. The process helps companies thrive and be competitive.
7) Financial Analyst:
In Fintech, technology plays a crucial role in combining finance and technology. Your role will involve the following:
- Evaluating the company’s financial data.
- Analyzing business performance and market conditions.
- Assisting companies in making strategic decisions.
Should possess strong accounting background to analyze financial data, prepare budgets, forecast future trends, and revamp processes and policies. Business analysts assist in enhancing the business process and study business strategy, models, workflows, and IT systems to identify shortcomings and improvement areas.
8) Product Manager:
The product manager’s responsibilities involve the following:
- Identify customer needs
- Develop products
- Define business and product objectives
- Guide and motivate the team to achieve those goals
The role requires innovation and an unconventional approach to drive business growth. You will be involved in product launches and marketing activities, collaborate with the sales, marketing, and support teams, assess competitor strategies and integrate new technologies with best practices to meet company targets.
Non-technical skillsets required for a career in Fintech:
- Communication skills: You should possess excellent communication and interpersonal skills to collaborate with brokers, traders, business analysts, or fellow technologists to achieve the best results. While coordinating with professionals with varying skill sets, building relationships, sharing ideas, and conflict resolution strategies improve the efficacy of working together as teams.
- Adaptability: You should possess exceptional creativity, innovation, and the ability to learn new skills to pursue a successful career in the Fintech sector.
- Problem-solving: Fintech is a dynamic sector with improved automation technologies and requires professionals with excellent problem-solving and the ability to find new ways and approaches to enhance business processes.
- Collaborative skills: Fintech start-ups and traditional financial institutions work together to derive mutual solutions that benefit both parties. Your responsibilities will include working with internal teams and external partners.
Salaries in Fintech:
| Position | Average salary in INR pa |
| Financial Analyst | 500000 |
| Quantitative Analyst | 1400000 |
| Cyber Security Analyst | 550000 |
| Blockchain Developer | 706488 |
| Mobile Application developer | 553100 |
| Compliance Officer | 628048 |
| Data Analyst | 600000 |
source: glassdoor.co.in
Why should you study an online certificate program with Texila CPD?
TAU offers the best banking and financial services certificate program of a 3-month duration. The curriculum is competitive with global recognition. Supplement your knowledge on:
- Concept of the banking and finance industry and various services offered
- Role of banking and financial services in economic development and the framework and statistics of policy-making
Key Takeaways:
Fintech companies are flourishing globally by providing exceptional services, increasing the demand for qualified professionals. It can be a start-up or a large company, and the field offers exciting opportunities in product management, data science, operations, marketing, information technology, etc. With several applications and tapping deep into financial services, the sector offers career prospects for professionals with technical and non-technical skill sets.
A certificate in banking and financial services from Texila CPD gives you a solid base to step into a rapidly evolving field.