Hi guys. i want are the functionalities of banking domain?
plz help as i am going to attend interview today?
I posted a reasonably well thought out and detailed response to this from home last night and when I logged on this morning at work it isn't here....
Anyway, the brief version of what I had to say was:
I can only assume you were going for a junior position because you were leaving your research way to late for a senior one.
"Banking" is a massive industry and it would be a little silly to try to describe the functionality involved in a few sentences.
When hiring someone for a Finance role, I would expect them to have an interest in the Industry that goes well beyond "Heard thats where all the good salaries are" (I am NOT suggesting that is what you have done, I am being intentionally general here) I would also hope for some competence in Math. Not calculus, but a confidence in handling numbers and no FEAR! You may never have to do an equation in your entire life in a major bank, but the numbers moving around you are huge and they have a currency symbol in front of them.
An example is that I will spend next week and ONLY next week testing an application that will move a block of trades across our books. Total value? $6 Billion US. If I focus on that number I won't do my job properly. Hence the need for confidence.
You need to look at what your actual role will be. We know its testing, but testing what?: Credit Risk, Market Risk, Operational Risk, Treasury, Compliance, Front Office, Back Office, trading, Custodial Services, CRM, Billing, Fixed Interest, Credit Derivatives, Home Lending, Banking terminals, ATMs, Comms, IT Support, BASEL II, MiFID, ISDA, etc, etc....
A starting point for learning about banking is: Find out what all those terms actually mean. Know that and you will be well on your way to getting a first role.
Hope that helped and that it wasn't TOOO late (the first reply was in time I assure you!) :-)
"Not every solution was derived to address an obvious problem" - Me (quite recently indeed)