Business Analyst

Business Analyst – Banking Operations (T+1 Settlement)
Hybrid role, inside IR35, paying £500 - £650 per day

Role Overview:
City based Bank are seeking a detail-oriented and experienced Business Analyst with a strong background in banking operations and a deep understanding of trade settlement cycles, specifically T+1. This role is crucial in supporting operational readiness, regulatory compliance, and business transformation initiatives driven by shortened settlement timelines.

Key Responsibilities:

• Gather and analyse business requirements from stakeholders across operations, technology, and compliance.
• Act as a subject matter expert (SME) for post-trade processing, especially in equities and fixed income settlements under T+1 regimes.
• Map current and future state processes to identify gaps and recommend operational enhancements.
• Collaborate with project teams to design and implement systems and workflow changes for T+1 compliance.
• Facilitate workshops, conduct impact analysis, and create detailed business and functional requirement documents (BRDs/FRDs).
• Work closely with IT and QA teams to support solution design, testing, and defect resolution.
• Ensure alignment with regulatory expectations (e.g., SEC mandates) for T+1 settlements.
• Provide training, documentation, and go-live support to end users and stakeholders.
• Track and report project progress, risks, and dependencies.

Required Skills & Experience:

• Experience as a Business Analyst within the banking industry with a strong understanding of settlement processes (T+2 and T+1) for securities, including operational implications.
• Experience with middle- and back-office operations including trade capture, matching, confirmations, settlement, and reconciliation.
• Familiarity with SWIFT messaging, FIX protocols, DTCC, Euroclear, or other CSD/clearing systems.
• Proficiency in business process modeling, use case creation, and data flow analysis.
• Prior involvement in regulatory change projects, especially those driven by SEC, FINRA, or equivalent global bodies.
• Experience working in Agile and Waterfall project environments.

Preferred Qualifications:

• Experience with change programs triggered by T+1 settlement migration.
• Working knowledge of trade lifecycle management systems (e.g., Murex, Calypso, Broadridge).
• Professional certifications such as CBAP, PMP, or FINRA Series licenses.
• Bachelor’s or Master’s degree in Finance, Business, Technology, or a related field.

Key Competencies:

• Strong analytical and problem-solving skills
• Excellent stakeholder engagement and communication abilities
• Ability to work under pressure in a deadline-driven environment
• High attention to detail and documentation rigor

 
If you have the required experience, please send your CV in word format for the attention of ALISON CALDER