uics alumni reunion lecture 2011

ESSENTIALS FOR BUILDING A SUCCESSFUL IT CAREER WITHIN THE BANKINGINDUSTRY IN NIGERIA

By Rasheed Adegoke (CIO, First Bank of Nigeria)

TABLE OF CONTENTQuick Definitions

The role of IT in Banking industry

A model for achieving success

Understanding IT Career options

Looking beyond Banking industry…

Q & A

Opening quip…

SUCCESS is CREATED from an intricate combination of

COMPETENCE (what you know or can do), IMAGE (what you are

known for) and NETWORK (who you know or who knows you)...

Therefore, if you deepen and/or broaden your Competence, manage your Image (reputation) positively

and build a strong Network; success becomes a sure banker...without a

gambling twist to it!!!...ARA

Quick definition../1

SUCCESS The accomplishment of an aim or purpose Success is not just about becoming prosperous

financially

INFORMATION SYSTEMS OR INFORMATION TECHNOLOGY Professional and academic discipline concerned

with the strategic, managerial and operational activities involved in the gathering, processing, storing, distributing and use of information, and its associated technologies, in society and organizations

Quick definition../2

BANKING A financial institution that provides financial

intermediation services. It could be one of the following: Central Bank: responsible for currency management and

monetary policy formulation. Central Banks are also bankers of last resort and are responsible for banking supervision in a number countries.

Commercial Bank: these are deposit-taking banks and are also responsible for most of the commercial lending (provision of credit facilities) activities in the economy. Commercial banks can offer interest-based or interest-free/profit-sharing products.

Investment Bank: these are specialised banks focused on capital market services including investment and portfolio management.

Other Specialised Banks: these include development banks (bank of industry, agriculture bank, etc), Mortgage or Savings Banks, and Microfinance Banks.


Quick Definitions




Q & A

The role of IT in a Bank…MANAGE BUSINESS

C-15 : SELL TO CUSTOMER Relationship

BUSINESS PROCESS MODEL OF A BANK

B-01 : DEVELOP STRATEGIES & POLICIES

B-02 : PRODUCE BUSINESS PLANS

B-03 : MONITOR EXECUTION OF BUSINESS PLANS

B-04 : MANAGE STAKEHOLDER RELATIONSHIP

Products/Services

C-20 : PROVIDE SERVICES TO CUSTOMER

SUPPORT BUSINESS

S-01 : MANAGE INVESTMENT AND CREDITS

S-02 : ACCOUNT FOR FINANCIAL ACTIVITIES

S-03 : PROCURE GOODS & SERVICES

S-04 : MANAGE FACILITIES

S-05 : PROVIDE LEGAL SERVICES

S-06 : DEVELOP ORGANISATION HR REQUIREMENT

S-07 : SUPPORT HR SYSTEMS

S-08 : MANAGE IT FACILITIES

C-25 : MONITOR AND COLLECT CREDIT

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DELIVER BUSINESS INTELLIGENCE , MANAGEMENT INFORMATION & DECISION-SUPPORT TOOLS




Q & A

Quick Definitions


Understanding IT career options: Variety is the spice…

Enterprise

Architect

Programmer

Systems Administra

tor

IT Security Officer

Network Engineer Data

center operator

Helpdesk officer

CIO

Tester

DBA

Support Analyst

Business Analyst

Understanding IT career options: Introduction to SFIA Skills Framework for the Information Age

(SFIA) This a framework that provides a common

reference model for the identification of the skills needed to develop effective Information Systems (IS) making use of Information Communications Technologies (ICT)

It is industry-independent and is evolving into a global standard for understanding Information Technology careers and the relevant skills needed to practice as an IT professional

It was developed and is maintained by the British Computer Society (BCS)

Understanding IT career options: SFIA Work Categorisation SFIA identifies SIX (6) major IT work

categories : Strategy and architecture Business change Solution development and implementation Service management Procurement and management support Client interface

The six work categories are further broken down into EIGHT SIX (86) special skills…and

Each special skill has SEVEN (7) levels of responsibility [Follow, Assist, Apply, Enable, Ensure & Advise, Initiate & Influence, and Set strategy, inspire & mobilise] – to give 290 tasks

Understanding IT career options: SFIA - Strategy & architecture

Understanding IT career options: SFIA – Business change

Understanding IT career options: SFIA – Solution dev & implementation

Understanding IT career options: SFIA – Service management

Understanding IT career options: SFIA – Procurement & mgmt support

Understanding IT career options: SFIA – Client interface



Q & A


Quick Definitions


A model for achieving success: The C-I-N Triangle

COMPETENCE

IMAGE NETWORK

A model for achieving success: Building COMPETENCE Knowledge is Golden:

Know Yourself: your strength, your weakness, your potentials

Know about your subject (remember SFIA framework)

Know about the business & industry you want to work/serve

Know and Develop key skills for survival in the real world: COMMUNICATION (ORAL & WRITTEN) SELF MANAGEMENT (ESPECIALLY SELF-CONTROL) TIME MANAGEMENT RELATIONSHIP BUILDING RESPECT FOR OTHERS

Continually build on what you know...

A model for achieving success: Managing your IMAGE Your IMAGE is your PERSONAL BRAND:

Managing your image starts with being DISCIPLINED

Discipline comprises four major components (culled from the book: The Road Less Travelled by M. Scott

Peck):1. Delaying gratification: Sacrificing in the

present comfort (short-term) for future (long-term) gains.

2. Acceptance of responsibility: Accepting responsibility for your decisions and actions.

3. Dedication to truth: Honesty, both in word and deed, at all times.

4. Balancing: Handling conflicting requirements e.g. Work/ Life balance, Quest for money vs. Quest for professional accomplishments, etc.

A model for achieving success: Build a formidable NETWORK Your NETWORK enhances your reach:

Build and extend your personal network strategically

Key networking tips:1. Start from the obvious: Explore your

Alumni, Social and Professional groups.2. Group your network into three broad

categories: Your Mentors or Role Models, Your Peers and Your Protégés.

3. Develop creative ways of keeping your network active: Social media, Telephone or Instant messaging, face-to-face networking forum such as seminars, conferences, etc.

4. Seek opportunity to contribute to your network and not just be a receiver from the network.

Looking beyond Banking industry


Q & A


Quick Definitions


Looking beyond Banking industry: Other growth sectors of the economy

• OIL & GAS • TELECOMMS • POWER

• PUBLIC SECTOR

•MANUFACTURING•ESPECIALLY LARGE CONGLOMERATES

•SERVICES•INCLUDING CONSULTING, TRANSPORTATION, ENTREPRENEURSHIP

THANK YOU!

Q & A



Quick Definitions



uics alumni reunion lecture 2011

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