Business Analyst - Transaction Monitoring

Business Analyst - Transaction Monitoring

6 Month Contract (Initial)

London

Hybrid Working

The Adecco group is part of Adecco Workforce Solutions (AWS). We put expertise, energy, and enthusiasm into improving everyone's chance of being part of the workplace. We respect and appreciate people of all ethnicities, generations, religious beliefs, sexual orientations, gender identities and more. We do this by showcasing their talents, skills, and unique experience in an inclusive environment that helps them thrive.

We are happy to be recruiting for one of our high-profile banking clients. They are currently looking for a Business Analyst - Transaction Monitoring to join them for an initial 6 month contract, however there may be scope for extension.

Overview of the Role:

This role is responsible for understanding and assessing the changing needs of the business. They may be required to analyse the impacts of change, document and support communication between relevant groups and stakeholders, and capture requirements needed to initiate a change.

Accountabilities & Responsibilities:

• BAs are expected to present at SteerCos, translating complex data eg regulation, process flows or technical detail clearly and logically, explaining any implications or risks so that senior management can make effective decisions based on the BA's input.
• If working on a regulatory driven project, the BA is responsible for tracking and analysis of the relevant regulatory communications and updates across EMEA and will work with SME/s and end users to understand and document the practical implications for all associated systems and processes. They must then provide technical revisions and updates to the relevant traceability matrix
• Communicate with internal colleagues to understand the current practice and processes of departments and the organisation, including liaising with EMEA offices to first identify where change is required, then analyse and provide recommendations re the optimal approach, communicate the preferred approach across stakeholders and gather consensus to support and provide technical documentation to support.
• Use data modelling and analytic practices to analyse findings and create suggestions for strategic and operational improvements and changes
• Identify and document the processes, system changes and timescales required to introduce changes and ensure the correct governance of the changed process
• Work closely with the SME/s to appraise senior stakeholders (likely to include MD and above stakeholders) of the potential impact of 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. Ensure that the benefits of changes and recommendations are made clear to the relevant departments and to senior stakeholders and address any uncertainty and concern.
• Detail the appropriate business requirements and regulatory technical specification to support any changes or new requirements
• Support and involve the appropriate staff and teams in the QA, testing and delivery of changes, including helping to resolve any issues.
• Ensure plans are made and processes are created to evaluate the impact of the changes made, including taking responsibility for overseeing and reporting on this evaluation.

Knowledge, Skills & Experience:

• Knowledge of front to back-office business processes and products
• Knowledge and experience of financial services, markets and banking activities and the surrounding regulatory framework.
• Prior experience of successfully delivering projects within financial services, SAM9/10 advantageous.
• Experience of regulatory change impacting banking systems, processes, and procedures.
• Knowledge of banking operational and trade flows
• Experience of participating in deadline driven and/or systems project teams.
• Proven ability to work collaboratively to gain agreement and resolve conflict
• Must be able to demonstrate flexibility to move between "big picture" thinking and handling detailed tactical information.

Specialist technical skills

• Able to produce Business Requirements, gap analysis/requirements, workflows and high-quality business requirement documents covering current and future state proposals.
• Expertise in SAM9 or SAM10 Transaction monitoring platforms
• Expertise in banking products, prior experience of providing regulatory analysis and business requirements documentation
• Proven ability to analyse current and future regulatory or business requirements and translate them into practical implications for specific processes and systems.
• Strong understanding of Financial Crime Prevention controls (Sanctions, AML, Fraud, ABC&F)
• Expertise in Financial Crime Prevention transformation programmes, e.g. Section 166, Cease & Desist, Payment Screening, Trade Based ML
• Experience with Operating Model design and transformation beneficial
• Understanding of sanctions data quality controls and key data elements would be advantageous

Location:

This is a hybrid working role, with a requirement to work from the clients London office 2-3 days a week.

Working hours:

Standard working hours with some flex where required.

If you feel that this is a role that would suit you then please apply today.

If you do not hear from us within 48 hours of your application, please assume that you have been unsuccessful on this occasion.

The Adecco Group is an equal opportunities company