Mostafa Soror, Business and Systems Analyst at Banque Misr, successfully completed LIBF’s International Banking and Finance Certificates (IBC) Foundation and Intermediate qualifications. In fact, Mostafa emerged as a top performer in a corporate cohort that LIBF delivered for Banque Misr in Cairo, scoring 95% on the International Banking & Finance Certificate – Foundation (IBCF) and 88% in unit 2 of International Banking & Finance Certificate – Intermediate (IBCI). Our banking qualifications are studied in over 90 countries and we provide lifelong financial education with our strategic partner ADGM Academy in the MENA region.
We spoke to Mostafa about how these qualifications enhanced his knowledge of the industry and positively impacted his career.
How does the role of a business analyst align with the requirements of the banking industry?
In a bank, there are two essential aspects: the business side and the tech side. Business analysts play a crucial role as a bridge between these two operations. They communicate the business needs of the bank to software developers, facilitating the creation of digital banking products. This connection ensures that banks remain current and competitive in the ever-evolving landscape of banking and digital technology.
What motivated you to enrol in the IBC qualifications and how did they help you in your role?
In my previous role as a user access specialist, I found myself doing tasks related to banking and finance. The more I delved into it, the more I realised there was a whole universe to explore. I was looking to build a strong foundation, and that’s when LIBF’s qualifications caught my eye and I promptly enrolled. The qualification helped me understand specialist areas of banking such as corporate banking, investment banking, digital and retail banking and credit and risk. It gave me an international view of banking and how the industry operates on uniform standards but can vary from one region to another.
Which specialisations did you opt for in unit 2 of the IBCI qualification?
I started with corporate banking and moved on to risk and credit. The credit and risk modules were especially helpful. It highlighted two crucial aspects of banking and finance – how banks generate income and strategies for minimising risks associated with these incomes. The key takeaway was that achieving a balance between profitable income and risk mitigation positions a bank to excel in the market.
What advice would you give to those who want to improve their skills in banking and finance?
The IBCF and IBCI qualifications serve as excellent starting points for entry and mid-level professionals. They can get a comprehensive understanding of the industry and explore specific areas to grow their careers in. Coming from someone who has scored 95% in the IBC qualifications, I recommend dedicating at least one hour a day to professional development or learning. Take advantage of the valuable opportunities and resources offered by LIBF, including industry expert instructors, informative materials, and quizzes.
Did your professional network grow through these qualifications?
I was pleasantly surprised when individuals from London reached out to me on LinkedIn shortly after I pursued the qualifications. Not only did this expand my professional network, but it also led to professionals seeking my advice on learning paths, exam strategies, and related topics. It opened doors to meaningful connections and opportunities for sharing insights with others in the field.
Invest in your career
The most valuable investment you can make is in your career. In today’s ever-changing business landscape, continuous learning is essential for survival and maintaining a competitive edge. I highly recommend the IBC qualifications to anyone seeking to shift their perspective and enhance their skills in the banking industry. It’s a powerful way to stay relevant.
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