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
There are different reasons why many people are trading in the forex. It includes free demo on real time, leverage of 400:1, or simply getting into the action of trading. However, even if traders performed practices on real time trading by testing its services and strategies, they sometimes fail. The trading demo is not enough unless the trader know what he is doing.
As the leading financial market in the world, the Foreign Exchange Market consists of several types of financial institutions, such as, investors, such as, central banks, brokers, and investment firms. The Foreign Exchange Market does not have an actual physical location; it is a worldwide system of computers. Currency traders are linked together from all over the world by these computers. Once currency traders enter the network, the computers allow them to exchange currencies by purchasing, selling, or speculating ("Foreign Exchange Markets - Forex - Investopedia Definition | Investopedia," n.d.). In the Foreign Exchange Market, also called Forex Market, trillions of transactions are completed everyday. Within this market are the spot market and forward market. Spot transactions take place in the spot market. A spot transaction occurs when one currency is traded for another currency. These types of transactions are immediate, however it takes two business days for the bank to process this transaction due to different time zones (Standard Bank, n.d.). Forward transactions occur in the forward market and are often called foreign exchange contracts. Unlike spot transactions, forward market transactions are set to occur on a specified future date. The agreement and exchange rate of the transaction is already determined, however, it will be traded at a future date, which is noted in the contract (Standard Bank, n.d.). Many historical
List and describe the three career opportunities in the field of finance. Finance has three main career paths: financial management, financial markets and institutions, and investments. Financial management involves managing the finances of a business. Financial managers—people who manage a business firm's finances—perform a number of tasks. They analyze and forecast a firm's finances; assess risk, evaluate investment opportunities, decide when and where to find money sources and how much money to raise, and decide how much money to return to the firm's investors. Bankers, stockbrokers, and others who work in financial markets and institutions focus on the flow of money through financial institutions and the markets in which financial assets are exchanged. They track the impact of interest rates on the flow of that money. People who work in the field of investments locate, select, and manage income-producing assets. For instance, security analysts and mutual fund managers both operate in the investment field.
Many business use the agile organizational methodology. As they require the ability to remain flexible, enduring ever-changing requirements. The agile organization develops more mission-critical, high-profile systems. Sharing responsibility within small teams (of 15 or less) is also a main principle of an agile organization. Never is a hierarchy design operational in the agile organization, as the group possess the ability to over ride decisions made by management. The agile type of organization displayed itself over time as an entrepreneurial type of organization providing the high-speed changing rather than the standardization of a bureaucratic organization (Johnson, Jackson, & Burrows, 2011).
In financial analysis, analysts use the financial data to monitor and evaluate a firm’s financial position, to plan the future financing, and to reallocate the size of the company and its rate of growth. Financial analysis involves examination of the historical data to achieve the information about the current and future the financial health of the company. They may work in the forecasting and profit analysis. They, like the accountants, prepare the reports. They prepare budget report, work in cost and general account. They analyze the changes in production and service to determine the effects on costs. They work on the graphs. They use statistic to compare the standard costs to the actual costs. They also study the significances of alternative ways of investing money in a particular field. They usually work for the large financial institutions. Particularly, they work
The previous uncertainty is enhanced by a lawsuit that alleged that UST had violated antitrust and advertising laws and participated in anti-competitive conduct. Should UST lost the suite, it will be more vulnerable with competitors.
Many people never consider the possibility of utilzing the services of a financial planner, due to the fact that they beeleive that a fianancial planner's prmairy objectvie is to get their clients to make an investment. COntrary to thisi belive a competnet ficnal planner will not attemtp to sell you a particualr product. Insyead, a qulity planner will pay close attention to your goals and evualte your fincnail situation to determine the best step to make with your money. Here are some scenarios where the utilzaition of a fincnal planner is highly reocmoned.
Agility is the ability of an organization to renew itself, adapt, modify quickly, and prosper in a rapidly changing, ambiguous, turbulent environment. If the leader or manager is agile in the business environment, he/she can solve problems, take smarter risks and bring innovative products and solutions to the market faster-all leading to greater success. To survive and flourish in today’s competitive market; businesses must build their agility by implementing risk management, change management and standardized practices across the enterprise.
Having evaluated the firm’s strengths, weaknesses, opportunities and threats as well as emerging trends in its industry I recommend that Edward Jones’s initial course of action should be to implement the first alternative; align itself competitively with its peers in the marketplace by adding a financial planning component to its existing array of services. Since many firms which began performing traditional services in their market are converging services from several industries, such as banks and credit unions, Jones would be at a disadvantage when it fails to provide the assortment of services its competitors now offer. In addition, as the economy continues to rescind, clients are beginning to experience harsh financial
Accomplished Financial Professional is offering extensive experience in designing and implementing effective Client financial systems and controls across various industries. Demonstrate expertise in accomplishing business financial goals and streamlining operations that continuously drive growth whilst increasing efficiency and bottom-line profits. Leverage strong Business Acumen and ability to analyse financial needs and develop plans for resolution and improvement as to achieve objectives. Knowledgeable in Accounting processes and systems as well as analysing and presenting complex financial data to facilitate complex decision-making. Utilise exceptional communication and interpersonal skills driven by strong leadership to motivate and support
Now agile methodologies—which involve new values, principles, practices, and benefits and are a radical alternative to command-and-control-style management—are spreading across a broad range of industries and functions and even into the C-suite. National Public Radio employs agile methods to create new programming. John Deere uses them to develop new machines, and Saab to produce new fighter jets. Intronis, a leader in cloud backup services, uses them in marketing. C.H. Robinson, a global third-party logistics provider, applies them in human resources. Mission Bell Winery uses them for everything from wine production to warehousing to running its senior leadership group. And GE relies on them to speed a much-publicized transition from 20th-century
This paper describes Agile development methodologies and their benefits. Section II presents key elements of Agile. Section III presents benefits of Agile development methodologies over traditional waterfall methodologies.
The Transformation is facing financial management as a growing industry that provides a well-rounded wealth of information that is rapidly evolving along with the economic growth. As you well know our finance and accounting departments are under fire to perform dynamically. More exceptional than before is the weight to drive real-time intelligence and the constraints to develop a forward-looking analysis to support a business decision. In retrospect, this coincides with dramatic shifts in business simulations, and regulatory environments, the risk assessment with doing nothing are ever-growing, and companies who are adapting to the new modern way of finance are at an economic advantage. In this report, we will discuss these critical shifts
Business agility is the ability of a business to adapt rapidly and cost efficiently in response to changes in the business environment. Business agility can be maintained by maintaining and adapting goods and services to meet customer demands, adjusting to the changes in a business environment and taking advantage of human resources.