Job Title: Business Analyst – Banking Operations (T+1 Settlement)
Location: Hybrid
Job Type: Contract, Inside IR35
Pay: £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
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