Business Analyst - Reconciliations & Platform Transformation (h/f)

Business Analyst - Reconciliations & Platform Transformation

London (Hybrid) x3 Days on-site

£600-£650

emagine is a high-end professional services consultancy and solutions firm Specialising in providing business and technology services to the financial services sector, we power progress, solve challenges and deliver real results through tailored high-end consulting services and solutions.

We are seeking an experienced Business Analyst with a strong background in reconciliations, core banking platforms, and financial operations to support a strategic transformation programme within a Wealth Management and Private Banking environment.

The role will play a key part in the design, migration, and implementation of future-state reconciliation capabilities as the organisation consolidates payment processing, Nostro account management, and reconciliation activities onto the Avaloq platform.

The role:

Partner with Operations, Finance, Payments, and Technology teams to define, document, and deliver reconciliation requirements across a major Avaloq transformation programme.

Capture and document current-state reconciliation processes and supporting controls across payment operations, cash management, and banking services.

Define future-state reconciliation processes within Avaloq, ensuring scalability, standardisation, and alignment with the target operating model.

Analyse reconciliation workflows across payments processing, Nostro account activity, and agent bank interactions.

Produce detailed AS-IS and TO-BE process maps, business requirements, and functional specifications.

Define reconciliation logic, matching rules, exception handling processes, and data mapping requirements.

Support the migration of reconciliation activities from Legacy reconciliation platforms into Avaloq.

Work closely with Technology teams to source, validate, and reconcile data extracts, ensuring completeness, accuracy, and integrity throughout the migration process.

Identify gaps, risks, dependencies, and control weaknesses across reconciliation processes and recommend appropriate remediation actions.

Ensure pre-migration, migration, and post-migration balances reconcile accurately across systems and operational processes.

Facilitate stakeholder workshops, requirements sessions, and design reviews to drive consensus and decision-making.

Support testing, validation, implementation, and go-live activities, including reconciliation sign-off and defect resolution.

Prepare management information, status reporting, and governance updates for programme leadership and senior stakeholders.

Key Skills and Experience:

To succeed in this role you will need:

Proven experience as a Business Analyst delivering reconciliation-focused change within Wealth Management, Private Banking, Custody, Securities Services, or Financial Services environments.

Strong understanding of financial reconciliations, control frameworks, exception management, and operational risk processes.

Experience working with reconciliation platforms such as IntelliMatch or similar enterprise reconciliation solutions.

Hands-on exposure to Avaloq, particularly within payments, cash management, operations, or reconciliation domains.

Strong knowledge of payments processing, including domestic and international payment flows, agent bank relationships, and Nostro account reconciliations.

Experience defining reconciliation logic, matching rules, data lineage, and reconciliation reporting requirements.

Demonstrable experience producing business requirements, process maps, functional specifications, and operating model documentation.

Strong data analysis and validation skills, including reconciliation of large and complex datasets.

Experience supporting platform migrations, operational transformation programmes, or large-scale core banking implementations.

Ability to manage and influence stakeholders across Operations, Finance, Technology, Risk, and Change functions.

Strong workshop facilitation, communication, and documentation skills.

Experience supporting testing phases, migration rehearsals, cutover activities, and production go-live events.

Familiarity with Wealth Management products and services including investments, custody, trusts, portfolios, treasury products, and cash management services.

Advanced Microsoft Excel and PowerPoint skills, with the ability to present complex information clearly to both technical and non-technical audiences.

emagine is an equal opportunity employer, and employment practices are based strictly on merit. It is the policy of the Company to give equal opportunity in employment regardless of sex, sexual orientation, marital status, race, age, disability, gender reassignment, pregnancy and maternity, religion or ethnic origin