Business Analyst

Senior Associate (Business Analyst) – Capital Markets | T+1 Regulatory Change

Location: London (Hybrid – 3–4 days onsite)

Employment Type: Full-time

Compensation: £55,000–£60,000 + 10% performance-based bonus

A boutique consulting firm is seeking a Senior Associate (Business Analyst) to join its Consulting Services transformation team, supporting a large-scale T+1 regulatory delivery programme within Capital Markets.

This is a client-facing role embedded within a major regulatory initiative at a global investment bank, while remaining part of the firm’s internal consulting practice. The role offers strong exposure to Capital Markets operations, regulatory change, and enterprise-scale transformation programmes.

The Role

You will operate as a Business Analyst within a regulatory delivery stream, supporting Europe’s transition to a T+1 settlement cycle. Working closely with Operations, Technology, and Compliance teams, you will contribute to requirements refinement, stakeholder coordination, process documentation, and testing activities.

This opportunity is well suited to a junior-to-intermediate consultant looking to deepen their regulatory and post-trade Capital Markets experience while working alongside senior programme leaders and subject matter experts.

Key Responsibilities

• Support delivery of a T+1 Europe regulatory workstream through business analysis, documentation, and coordination across Operations, Technology, and Compliance.
• Assist in refining high-level requirements into detailed business and functional requirements.
• Document current-state and future-state processes across clearing, settlement, and post-trade operational flows.
• Produce and maintain key project artefacts, including:
• Business requirements and functional specifications
• Process flows and workflow diagrams
• Data mappings and dependency documentation
• Testing and UAT support materials
• Act as a day-to-day point of contact for assigned stakeholders, escalating issues to senior BAs or stream leads as appropriate.
• Support UAT and testing activities, including test case preparation, execution support, and defect tracking.
• Track actions, risks, issues, and dependencies and contribute to regular status reporting.
• Ensure all deliverables align with regulatory timelines, programme standards, and internal change governance.

Required Experience

• 3–6 years’ experience as a Business Analyst or consultant within Financial Services.
• Foundational understanding of Capital Markets post-trade processes (clearing, settlement, trade lifecycle).
• Experience supporting regulatory or large-scale transformation initiatives.
• Strong experience in requirements elicitation, documentation, and stakeholder coordination.
• Exposure to testing or UAT support within structured delivery environments.
• Excellent documentation skills with strong attention to detail and audit readiness.
• Ability to operate effectively within fast-paced, evolving regulatory programmes.
• Strong communication and organisational skills, with confidence engaging Operations and Technology stakeholders.
• Willingness to work onsite in a client environment 3–4 days per week.

Desirable Experience

• Exposure to T+1 settlement initiatives or similar post-trade regulatory change programmes.
• Familiarity with European market infrastructure and settlement models.
• Experience working with QA teams or contributing to test planning and execution.
• Background supporting Capital Markets regulatory, controls, or operational risk initiatives.
• Experience working in agile or hybrid delivery environments (e.g. JIRA, Confluence).
• Previous consulting experience balancing client delivery with internal firm expectations.