Banking Business Analyst Job Description

By | July 28, 2011

Banking business analyst job description and profile

A banking business analyst analyses the various aspects of the functioning of the bank and suggests plans and strategies for improvement. An analyst provides a comprehensive study of the banking operations and can make a lot of different in the working efficiency of the bank.

Banking business analyst duties and responsibilities

The duties and responsibilities of a banking business analyst are:

  • Analyzing the functioning of the bank and identify problem areas
  • Take an active part in strategy planning of the bank and provide input as to the best course of action
  • Suggesting ways of improving existing functioning system
  • Aiding in formation of goals and objectives of projects
  • Communicate with various departments of the bank and gather data for accurate analysis
  • Analyze marketing campaigns and ensure that it is result oriented
  • Analyzing the performance of employees and customer service methods
  • Documenting analysis for presentation and future reference
  • Making regular presentations regarding working of the bank so that efficiency is maintained
  • Conduct surveys after implementation of a program to gather feedback
  • In case of investment banking, studying various investment options and making investment suggestions to clients

Banking business analyst skills and specifications

The skills and specifications of a banking business analyst are:

  • A sound knowledge about banking operations
  • A sound knowledge about various factors affecting performance of a bank
  • Excellent communication and writing skills
  • Excellent analysis and observation skills
  • Excellent ability to form accurate conclusions
  • Good ability to convince people and clarity in ideas
  • Organized and precise manner of working
  • Excellent computer knowledge

Banking business analyst education and qualifications

The education and qualifications required for the job of a banking business analyst are:

  • A bachelor’s degree in business administration and management is the basic requirement
  • For better future prospects, masters degree in business administration and management is necessary

Banking business analyst salary

The salary of a banking business analyst ranges between $80,000 and $130,000 annually. It depends on the institution of work and experience.