Develop Your skills for Banking job
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The banking industry has been consistently
evolving. With the changing business and regulatory environment, innovation has
become the key focus area for most organisations. In such a scenario, banks
need to continuously evolve their processes, systems and also develop employees
in line with changing customer needs and demands. The magnitude of change seen
in banking sector in past five years is unprecedented. In addition to the core
banking skills, banks now want a workforce equipped with new age skills viz
digital agility, data science/analytics, design thinking, cyber risk and
artificial intelligence.
Along with the acquiring specific skills and
expertise, one should always remember the importance of primary skills that are
must to secure a banking job. Here are a few such skills required for a banking
job:
Job readiness: Job readiness is the combination of
knowledge and ability to provide effective solutions to address business needs.
It is important that one has a complete understanding of the business
environment and is constantly learning & adapting to the changing context.
Albert Einstein said, “I have no special talent. I am only passionately
curious.” Curiosity leads to invention of new product, service, and innovative
way to address customers. It always work to be curious and be open to learn and
adapt new things.
Communication prowess In banking industry communication is the
key to success. Being a good communicator is an important skill to develop for
a job in the banking sector.
Interpersonal competence Whether it is a desk
assignment or a field job, it is crucial to be a team player to achieve a
particular goal. In a team you might have to wear multiple hats — that of a
team leader, an active listener, or someone who can drive the whole team
through a challenge. If you know which of these skills you are best at, talk
about it during your interview. For example, for a job in sales, you would
require skills to develop a good rapport and persuade a probable buyer, or, for
a job in HR, you might require skills around mediation or providing motivation.
Analytical skills In a world where loads of data is
generated every minute, it is important to assess, deduce and select the data
that will be of use, i.e to select the right data in the world of big data.
Further to selecting the right data, you would also have to understand how to
put it to task by crafting a product or solution to lessen the challenges faced
by the bank. This can range anywhere from mapping the demography where credit
products are required to battling a challenge of data/security breach. Hence,
if you are able to work with data and understand how to put it to the right
use, you are apt for a job in banking. A positive amalgamation of all these
skills, will help you take one step closer to finding the right job in the
banking sector.
An aptitude for leadership
One is expected to navigate through
complexities and resolve the problem at hand in the shortest possible time and
provide efficient solutions. The ability to work in an ambiguous situation with
limited and often incomplete information with dependency on various
internal/external factors is not a skill which one can acquire through theoretical
knowledge. This skill/ability comes by actually working on real life problems
and learning from every such experience.
