The Regulatory Portfolio (Basel 3, Capital, Liquidity & Funding) is part of the wider Finance Change function within Markets & International Banking (M&IB) Finance. M&IB is the global investment banking division of the Client Group. M&IB Finance supports the M&IB business as well as providing reporting to Group and meeting external Statutory and Regulatory reporting requirements.
The Regulatory Portfolio has responsibility for the delivery of several high profile change initiatives on behalf of Treasury and Finance, and the wider M&IB business community, that span the front to back business and are cross-functional. The Capital, Liquidity & Funding Portfolio team contains a mix of programme managers, project managers, business analysts, IT staff and subject matter experts. The team works closely with all relevant areas of Client including Treasury, Finance, Front Office, Technology, Risk and Group in order to achieve project delivery.
Given the internal focus on regulatory reporting and management, the programmes are high profile initiatives considered key amongst senior management and the business. Due to the ambitious targets of the group, each programme will be managed within a strict delivery framework whilst maintaining high delivery standards and quality output.
Working as a Business Analyst supporting projects with the Regulatory Portfolio the candidate will be involved in delivering the necessary changes to systems, processes and data required to support the overall portfolio.
The successful candidate will have a good track record of achievement within regulatory project deliveries in an investment bank environment and will be expected to contribute to the project lifecycle, from definition through to delivery and post implementation. The role will require the successful candidate to work as part of a team of business analysts and SMEs led by a project manager, and aligned to one or more specialist areas (risk types/capital adequacy). Due to the high visibility of the projects within the business and senior management, the candidate will need to demonstrate the appropriate skills required to work effectively with a diverse group of customers and stakeholders across a number of areas and locations.
The successful candidate will have strong business knowledge around Finance and accounting, and more specifically regulatory capital or liquidity. He/she will have experience working on regulatory projects (e.g. Basel 3, CRD 4 etc.) delivering solutions across the project lifecycle, with a proven track record of successful delivery.
Key activities will include (but not limited to):
Contributing to the analysis of existing and future external Regulatory publications, agreeing and documenting business requirements arising, agreeing interpretations with expert functions.
Identifying data sources for new reporting parameters for existing trade populations, creating, agreeing and testing operating models to collate and report data on an ongoing basis.
Assessment and documentation of the business requirements and functional specifications, document system requirements, data sets and necessary granularity of data. Engage IT for technical specifications to be completed and to make relevant system enhancements, including a detailed assessment of alternative prospective solutions.
Liaise with Risk and /or Finance Technology to manage the build and system testing, UAT and implementation of enhancements in line with the defined project timescales.
Ownership and active management of Risks, Issues, Assumptions and Dependencies for defined areas within the project, and weekly status reporting.
Contributing to operational readiness including development and testing of To Be operating model, user training, parallel running and support as required.
The role will require a strong and clear communicator to manage and interact with relevant Business Units across Finance globally. Due to the nature of the regulatory environment the candidate will also need to be able to demonstrate the ability to use their communication skills to also interact with Risk, Treasury, Front Office and Group functions on a global basis as required.
The successful candidate will have a strong understanding of Regulatory change. The candidate must have strong communication skills, be self motivated and be a strong team player. An accounting qualification would also be a distinct advantage, but not essential.
The candidate will form part of a pool of resources working in India for the Finance Change team and will also be expected to liaise with and support the local business teams acting as a representative for the London based Finance Change team.
The candidate will form part of the Finance Change team and will work on projects as and when these are prioritised, agreed and signed off. The projects will vary in size and complexity
Essential Experience (additional to requirements mentioned above)
Proved delivery within Regulatory Change, e.g. Basel, Liquidity and Capital
Prior experience in influencing/managing diverse groups of stakeholders
Investment banking product knowledge (preferably with recent Finance or Regulatory experience)
Strong understanding of the business analysis discipline with previous experience (of analysis) gained within an investment banking environment
Best practice in the completion of business requirement documents, functional specs and associated analysis documentation
Significant experience in developing test documentation (e.g. test cases, test plans/approaches)
Significant testing experience. This includes, functional testing and the support of systems testing and UAT as applicable
Working in a structured project environment in a large investment bank
Working with Finance systems and processes, and large scale change associated with them
Active management and resolution of problems and issues
Supplementary Experience: (Useful additional skills)
Sets exemplary standards of delivery and consistently meets customer expectations
Excellent inter-personal and communication skills
Strives to gain business and product understanding to provide insight and value added analysis
Ability to investigate issues fully, ensuring that all relevant information is considered and communicated to management
Appreciation of the bigger picture
Shows resilience and is therefore able to work to tight deadlines with a flexible approach
Able to work successfully both within immediate team and with the business in order to provide an integrated and proactive approach to business development and to influence outcomes for optimum business benefit