The Financial Service Industry Comprises Of Securities

1421 WordsJan 24, 20176 Pages
The financial service industry comprises of securities and commodities sector, banking sector, insurance and real estate sector. Other industries have finance departments that require professionals with finance qualifications. There is a very strong occupational outlook in this field, and there is a shortage of the right talent to fill these talents. One of the hot job categories is in the field of financial planning and analysis. Financial Planning and Analysis is less focused on the routine transaction processing and more focused on forward-looking strategy and analysis for the business. The roles of financial planners have dramatically changed. Factors such as a breakthrough in technology and changes in retirement planning have caused…show more content…
There are a lot of regulatory loopholes in traditional dealings over the phone. In the past, currency manipulation and fixes of interbank lending rates have raised concern among finance regulators and pushed them towards Forex automation. In Switzerland, the Financial Market Supervisory Authority moved 95% of its Forex trades to electronic platforms after determining that employees were involved in manipulation of currency benchmarks. The trend means that many countries are moving towards electronic Forex trading. The trend has continued to reshape foreign exchange trading significantly. In the event the whole system becomes entirely automated, there will be considerable loss of employment. Trend 2: Agile working methods The necessity to save cost has prompted financial services industry to intensify efforts towards the adoption of agile working methods. Agility gives a business the ability to adapt to changes in both internal and external environment, in a cost effective way. In the financial sector, businesses are looking for speed, nimbleness, and flexibility the speed to execute processes and operations. A bank with an agile workforce rolls out products swiftly and for general productive management. Organizations develop agile strategies to enhance customer experience and handle the complexity of product growth. Today, financial institutions are increasingly hiring people with ‘Agile’ expertise. For example, in early
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