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Wednesday, October 28, 2020

Tamir Zoltovski Describes the Work Opportunities in Financial Services

Posted by admin on November 12, 2019

Financial services include anything related to money, from investment banking to insurance to accountancy.
Financial companies have various needs such as financial news, reports, investment opportunities, stock market information, credit ratings, dedicated investment hardware and software, data analysis tools, solutions to meet financial regulations, and much more. All these jobs described below help them to operate successfully. In this article, Tamir Zoltovski will describe the roles that provide services explicitly to the finance industry.

News

Financial news blends analytical skills with the capability to communicate on paper. It’s a great career opportunity for sparkling writers who are enthralled by the business world. They will observe the market, keep readers updated with the day-to-day information, and ferret out the unpredicted for them, all in their attractive style.

Data

In the globe of financial data, the significant thing is consolidation; stock exchange information, company reports, the information regarding foreign exchange services of every bank is out there but to make them useful, it all needs to be in one place. Working in financial data, your role is to collect the data for your customers. It means building relationships with banks and stock exchanges and discovering ways to feed their data into the data service of your company.

Analysis

Analysts generally organize and evaluate data. They are responsible to produce real-time reports for clients, bringing information and making them aware of financial decisions. Their reports are useful for investment managers and private equity investors to make decisions about which company has potential as an investment option.

Technology

The finance sector needs technical solutions that do not relate to anywhere else, both software and hardware. This role is not just for the developers and engineers, anyone can go into it with any degree. Those interested in finance will find many roles, from product consultancy to customer support.

Regulation

Financial companies have to follow strict regulations, which are planned by regulatory agencies. The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) are two main regulatory agencies for the UK, where PRA regulations intend to keep the economy stable, while FCA regulations guard consumers.
 
Regulations change continuously to keep up with laws, taxation, policy changes and developments within the sector. Your role may involve planning new regulations, assessing them for risk and analyzing them for probable outcomes. There is even the enforcement side of things, which includes analyzing and investigating regulation’s violation – a little like being a detective.

Compliance

Compliance is the other side of regulation. The compliance officer’s role is to ensure that your company is following all the necessary regulations and submitting reports to the regulators. You have to recognize and interpret the continuously changing rules.

Finally…

Financial services’ work opportunities are not restricted to business and mathematics graduates. While the hi-tech roles (and some areas of analysis) need some technical skill, everything else is an open game for linguists, humanities students, and even people with other degrees.