Business Analyst - Regulatory Reporting

  • Location

    City of London, London

  • Sector:

    Accounting & Finance

  • Job type:


  • Salary:

    £65000 - £75000 per annum

  • Contact:

    Gemma Smith

  • Contact email:


  • Job ref:


  • Published:

    9 months ago

A diverse and challenging opportunity working in Regulatory Change for a Mid Tier Bank. As a Business Analyst you will be a key member of the project team, you will be responsible for bringing about change in regulatory reporting processes and systems. You will undertake the following tasks:

  • Business process and regulatory requirements analysis
    • understanding current regulatory, liquidity and capital management business processes
    • analysing new regulatory requirements and documenting key implications for reporting, management and controls framework
    • where appropriate, to develop/prototype new tactical processes and models
    • identify cost effective solutions to problems/issues identified and being able to work with the BAU team to justify any recommendations
    • specify clear and precise requirements of the process and system improvements
    • contribute to strengthening control processes; this will include objectively reviewing existing processes and assisting the reporting managers producing relevant MI to appropriately prioritise new initiatives
    • identifying key steps or whole processes that could be automated to improve controls and efficiency
  • Undertake the various testing tasks for regulatory reporting system solutions including vendor product and in-house development:
    • developing test plans and test data and to document the test cases and expected results
    • test vendor product for supporting new products, new regulatory reporting requirements, fixes released in vendor solution etc.
    • working with the IT/Vendor team during testing, to give early feedback on development/solution/fix requirements
    • undertaking user acceptance testing and walk through, with BAU users, the results of the testing;
    • logging issues and following up with the IT team to ensure that these are addressed as per priority
  • Work closely with the IT team that is developing and implementing strategic and tactical solutions for the regulatory reporting team;
  • Develop prototypes and tactical solutions for preparing reports and returns. Fully document processes and assumptions underpinning the reporting and hold BAU user workshops prior to formally handing over. Acting as advisor and addressing any post release development work
  • When required, work closely with other departments that provide data and feeds to regulatory reporting for producing reports, to help communicate and develop solutions to data quality issues effecting RR reporting. This may require working with other IT teams to develop system solutions.

Ideally you will be a Qualified Accountant working in a Regulatory Change function.

To be selected for this opportunity you must have knowledge of COREP returns, preferably in a change function. You need to demonstrate a good understanding of the treatment and mapping for at least one of area of reporting - market risk, credit risk, Leverage Ratio, Large Exposures, LCR, NSFR & Asset Encumbrance.

You will need to demonstrate knowledge of products including bonds, equities, repos, reverse repos, swaps, options, and credit default products, including the economics of these products.

Other skills you will have will be: experience of preparing user acceptance test plans; experience in analysing and documenting business requirements and working with IT team to develop appropriate solutions; Experience in Data Analysis; Strong Excel; Strong stakeholder management and prioritisation skills

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