Reporting Business Analyst - Banking

Reporting Business Analyst - Banking (to £550/day - umbrella only)

This a great opportunity with a prestigious and very large global financial services institution! They require a capable Business Analyst in conjunction with assigned SMEs to determine the impact on the organisation and document detailed technical business requirements to support new requirements and reflect any required changes. This will revolve around all trade and transaction reporting regulation and updates including European Market Infrastructure Regulation (EMIR), Markets in Financial Instruments Regulation and Directives (MiFID/MiFIR II) and Securities Financing Transaction Regulation (SFTR).

The role will involve:

Track and analyse regulatory communications and updates across EMEA and work with the SMEs and end users to understand and document the practical implications for all associated systems and processes.

Communicate with internal colleagues to understand the current practise and processes of departments and the organisation

Identify the processes, system changes and timescales required to introduce regulatory changes and ensure the correct governance of the change process

Work closely with the SMEs to appraise stakeholders of the potential impact of regulatory change on the service, function or system/s highlighting the options, impact and potential links between required changes on the existing infrastructure so that well informed decisions can be made

Communicate clearly within a multi-disciplinary team, gain consensus for the best solution and implement the required changes to maintain compliance with regulation and/or gain efficiencies.

Detail the appropriate business requirements and regulatory technical specification to support any changes or new requirements to ensure compliance

Support and involve the appropriate staff and teams in the QA, testing and delivery of changes, including helping to resolve any issues.

Act as the technical interface to selected third party vendor

You will require the following to be considered for the role:

Strong communication skills

Experience of participating in regulatory driven and/or systems project teams within banking

Must be accurate in data analysis

Able to produce gap analysis/requirements, workflows and technical requirement documents.

Working knowledge of EMEA regulatory requirements, the banking products it impacts and prior experience of providing regulatory analysis and business requirements documentation

Knowledge of EMIR, MIFIR &/or SFTR regulations required

Proven ability to analyse current and future regulatory requirements and translate them into practical implications for specific processes and systems.

Previous experience in assisting a Regulatory liaison team to manage regulator expectations for remediation of transaction reporting errors & back reporting

Technical skill required to analyse impact of regulation on system infrastructure and liaise with technical SMEs to agree appropriate solutions

Good stakeholder management skills

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