My Opportunities: Analysis of Core Capabilities and Industry Trends in Finance Sector
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This report analyzes the core capabilities of mediators in the finance industry, including their strengths and weaknesses, and provides an overview of industry trends. It also includes a skills gap analysis and recommendations for improving technical and transferable skills.
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Assignment-1 My Opportunities
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Table of Contents 1. INTRODUCTION.......................................................................................................................1 2. My Capabilities............................................................................................................................1 2.1: My Professional dashboard.............................................................................................1 2.2: My Capability analysis.............................................................................................................2 2.2.1: Finding of my tests.......................................................................................................2 2.2.2: Strength and weaknesses..............................................................................................2 2.2.3: Impact of strength and weakness on my job choice.....................................................3 3. My industry requirement and trend..............................................................................................3 4. Gap analysis.................................................................................................................................5 4.2: My skills gap analysis.....................................................................................................6 CONCLUSION................................................................................................................................7 REFERENCES................................................................................................................................8 APPENDIX......................................................................................................................................9 16 personalities.......................................................................................................................9 Personality performance style................................................................................................9 Shapes Tests.........................................................................................................................11
1. INTRODUCTION Professional development is an essential way to earn or maintain professional record such as educational degree to formal assignments and casual learning opportunities located in practice. The primary aim of development is to assist mediator to manage their own learning and growth in their coming career (Olsen, 2015). This project report aimed at providing general information about the finance industry trends and role of mediator fit in to these changes in accordance to their skills and knowledge. Apart from this, analysis of core capabilities of mediators as well as its key strength and weaknesses in the area for improvement in finance sector are cover in this report. 2. My Capabilities 2.1: My Professional dashboard 1
2.2: My Capability analysis 2.2.1: Finding of my tests According to the analysis which is done on the basis of tests which is mentioned in the Appendix, it has been found that skills of a mediator have been ranked out of 5. The mediator is aware about all the academic skills and has well developed people skills of this particular level of course. Maximum number of ranks is given as 3 out of 5 for the skills which are possess by the mediators while learning or developing task management. On the other hand, habits of mediator are not so effective or manage properly as analysed during the course work. The understanding and study timing as well as their is not any proper routine which has been followed by the mediator (Mwalongo, 2012). The score which is given on the basis of habits is not satisfied as because of low marking. I agree with the decision that most of the time mediator habits get affected because of not having proper skills as well as managing ability. But at the same point of time, I do disagree that mediator does not follow a proper routine for discussion or study. He always have to be more specific in giving right kind of decision so that chances of mistakes can be arises without having any bias. In accordance to the attitude which is carried by mediator the results are showing more positive response with maximum skills or challenges are basic strength which is followed accordingly. Whereas, the performance results is very low with only 22 score, because mediator does not have proper awareness about their learning ways as well as not able to perform in best manner in some critical situation. After analysing the results, I disagree with the outcome which is seen out for the performance. As per my perception, the performance of mediator can only be based on how effectively he is able to manage his things or using right skills at the correct period of time (Trede, Macklin and Bridges, 2012). 2.2.2: Strength and weaknesses From the results which is given in the appendix about the performance, attitude, skills or habit of mediators. There are lots of positive or negative things are collected. Some of them are mentioned below: Strength: Some of the academic or people skills are properly utilise by the mediator in its learning stages (Zepeda, 2013). 2
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Mediator is also aware about the task management or proactive in developing broad range of relevant skills. Attitude is the key aspects for the mediator which is more strong and passionate to learn new things. The motivation is the key factor that is helps the mediator to perform well in its learning phases (Fechter, 2012). Weaknesses: Mediator does not have effective routine for daily learning as well as he would also does not have right kind of system to settle down issues more quickly. The level of performance which is carried by mediator is not thoughtful as he is not effective in their work. The biggest limitation which was associated with the person is about not having proper awareness about the how to develop a right kind of learning strategies. 2.2.3: Impact of strength and weakness on my job choice According to the analysis, it has been seen that there are lot of negative as well as positive aspects which are collected from the evaluation. It would have lot of implication on the job. The positive strength must be helpful or need to plan more effectively in increasing inner potential for the mediator in their coming career. Weaknesses can be overcome by focusing on developing my confidence to deal with the tasks on regular basis or by using right strategies (Moon, 2013). I could also plan to learn deeply in order to manage my shyness. It should posse’s correct skills or knowledge so that my negative habits can be reducing and positive results can be increase in coming career. All the implication need to be faced effectively so that the mediators can communicate deeply with other as well as understanding other shared ideas more clearly. 3. My industry requirement and trend INDUSTRY NAME:Finance Industry growth areas: Increased use of AI Increasedgovt oversight regulatory GraduateCriteria(required, expected, desirable): TECHNICAL SKILLS: Programming language Emerging jobs / roles: Thefinancialmanagersare responsibleforthecapital health of an organization. They needtoprovidedirect 3
ComplianceCommonoperating system Project management ‘SOFT’ SKILLS: Therearecombinationofboth active listening and reframing the issues. In the present scenario, it hasbeenseenthatmostofthe companiesispayingmaximum attention to soft skills, but it often overlooksbysomeprofessional. There are plenty of other soft skills suchasinterpersonalskills, persuasion ability and cooperation skills. The most important one for themanageristomake compressivecapacity.Mostof financemanagerwork ismostly boring that must lead to failure of theindustry.Accordingtomy perception,Iamverymuch resilientindividualforalonger period of time. I never worry about anybody,becauseIthinkonly technical and practical knowledge can attain maximum opportunity of growthinfinancesector (Aubusson,EwinandHoban, 2012). investment activities as well as planforattaininglongterm financial goal. Ability to make financialdecisionisalso primaryroleofmediators (Avery and Reeve, 2013). Industry challenges: Failuretoengage customer.Suchas most of the investors whoinvesttheir capital into a CD or savingaccountis expectingavaluable return in the form of interest. Operational risk Technological risk Credit and investment risk Traditional jobs / roles: With the help of proper training toresolvefinancialissues, employeestendstoperform theirworkbytakinginto accounttheopposingparties mutuallyresolvetheirlegal disputewithoutjudge.The financial services provided by disputeresolutionexpert, mediatorusedforcareerin legaladministrationandwith labor union. It basic role is to make proper balance among the workerandadministration department. My TOP 5 organizations: 1. PPIA organisation 2. CityZen organisation 3. HSBC 4.NationwideBuilding society Employment challenges: Thebiggestchallenge in finance is usually to get rid of both sides to determine what actually is in finance interest and overcomingtheir 4
5. Barclaysmarkettermsand condition. Candidate is not having financialabilityto analyze the market risk or new opportunity. Allthelegal considerationmustbe valuableforthe supportingtheparty whichisbasic challengesnowadays faced by employees. 4. Gap analysis It is one of the essential analyses which are done to determine target financial industries asset-liability administration that would be used to assess interest rate risk or any other factors. HSBC as financial sectors Skills Personal skills Capabilitie s Technical Financial reporting86 Analytical ability108 Ability to communicate57 Transferable skills Computer application skills76 Mathematical capability65.5 Book-keeping5.56 5
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According to the above chart, it has been seen that the targeted financial industries technical or transferable skills are rated by mediators personal as well as capitalites. It is clearly seen that technical skills are much effective among the meditors. It mean that the strong ability to handle the financial terms and situation is quite postive. Whereas, the transferable skills are also satisfactory because of having computer, matermatical to solve numerical problems and book- keeping skills are avaliable with the mediator. This will assist him to perform more effective to communicate effectively as well as to resolve issues and learn innovative skills. A positive ability can be held responsible for employees to perform more positively in the coming career. All transferable skills such as teamwork, problem solving and any other communication skills are helpful to employed role, education and vocational training. It is crucial that maximum emphasis of transferable skills must be valuable for providing positive results in coming time. I think it is a satisfied outcomerr for me through some essential parts that would required to be improved. Because I have not beginning professional courses until I entry to any specific instituate, I just learn few books in my daily course of study. 4.2: My skills gap analysis As mentioned in the above table or chart, there are various technical as well as transferable skills in relation to the financial sectors has been analyzed. There are most positive or negative capabilities which are available with me are taken into consideration. These are needed to evaluate properly so that its impacts can reduce (Zuber-Skerritt, 2013). There are certain skills and capabilities that I do need to develop. Some of them are mentioned below: 6
My current technical skills:These are basically known as that ability of knowledge that is requiring performing particular activities. It has been seen that I used to carry practical skills such as mechanical and mathematical skills that help me to determine positive direction for professional career development. It would be essential to rectify my current skill technical skills more effectively so that changes of growth can be increase. The best ways to improve the skills is by taking proper training and experience from the concern master. These are basically considered as hard skills. By developing proper knowledge of secondary language and practice for learning as well as subscribe to some technical sites and magazines. Currentsoftskills:Therearevarioussoftskillssuchasleadershipability, communication; problem solving and right decision making skills are available with me. These would assist in performing my job more effectively in coming period of time. It is essential for a researcher or mediators to always looks for their analytical skills so that proper balance among their professional as well as technical abilities such as reading comprehensive notes or numerical skills (Chipchase, Johnston and Long, 2012).It is essential as a mediator to make eye contact and acknowledge everyone in presence of room. Through making practice of both formal and conversational speaking ability is requiring to be developing in near future time. Required technical skills: Through available skills some of the tasks has not be performed perfectly. Thus, it is needed to make use of latest technical skills such as big data analysis, coding and programming and project management ability. These are basicallyconsideredasmorespecificknowledgerequiredperformingparticular activities. Plenty of technical skills are needed proper training to increase more skills and take proper decision in near future time (Reeves, 2012). In order to increase the moral values or ability to perform in tough situation the innovative technical skills is required to be implementing in individual performance career. Requiredsoftskills:Communicationisoneofthekeywrittenandverbal communication that utmost crucial at the workplace because they used to set the tone for how person can perceive their role in effective manner. Adaptability and problem solving ability is required to take right decision on the critical matter which is comes in front of 7
them. The basic skills needed to resolve the problems are basically helpful for the professional careers and make quick decision in the near future period. CONCLUSION From the above project report, it has been concluded that personal and professional development is one of the key aspects of career growth. There are various crucial things which are found during the time of analysis such as specific skills that are posses by mediator in relation to the financial industries. Overall all the changes related with the finance sectors is must be clearly valuable for analyzing the skills an ability to perform in tough situation. Both technical and transferable skills are given maximum attention in every financial area. Besides, it seems to be still so many things which are related with soft and hard skills that are needed to be continuing improvement in coming period of time. Further, it would make up the downfall and intensify specific benefits in near future to deal with all kind of dispute and matter those are related with the professional career. At the same time, there are various changes which are needed to be taken into consideration by the help of using gap analysis so that certain mistakes can be overcome in the development of skills and capability. It would also assist in overall growth and sustainability of internal as well external development of knowledge in the respective field. 8
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REFERENCES Books and journals: Aubusson, P., Ewing, R. and Hoban, G., 2012.Action learning in schools: Reframing teachers' professional learning and development. Routledge. Avery, Z.K. and Reeve, E.M., 2013. Developing effective STEM professional development programs.Journal of Technology Education.25(1). pp.55-69. Chipchase, L.S., Johnston, V. and Long, P.D., 2012. Continuing professional development: the missing link.Manual Therapy.17(1). pp.89-91. Fechter, A. M., 2012. The personal and the professional: Aid workers' relationships and values in the development process.Third World Quarterly.33(8). pp.1387-1404. Moon, J. A., 2013.Reflection in learning and professional development: Theory and practice. Routledge. Mwalongo, A., 2012. Teachers’ perceptions about ICTs for teaching, professional development, administration and personal use.International Journal of Education and Development using ICT.7(3). pp.36-49. Olsen, B., 2015.Teaching what they learn, learning what they live: How teachers' personal histories shape their professional development. Routledge. Reeves, D. B., 2012.Transforming professional development into student results. Ascd. Trede, F., Macklin, R. and Bridges, D., 2012. Professional identity development: a review of the higher education literature.Studies in Higher Education.37(3). pp.365-384. Zepeda, S. J., 2013.Professional development: What works. Routledge. Zuber-Skerritt,O.,2013.Professionaldevelopmentinhighereducation:Atheoretical framework for action research. Routledge. 9