As a Power & Gas Regulatory Reporting Business Analyst, you will play a pivotal role in ensuring compliance with regulatory requirements for commodities trading. This exciting opportunity involves working closely with the business and IT teams to implement software solutions that meet these demands.
The ideal candidate will have a deep understanding of transaction reporting requirements across UK and EU jurisdictions, particularly REMIT. You will be responsible for conducting business analysis on REMIT reporting requirements to ensure full regulatory compliance, as well as producing functional specification artefacts and testing software changes to guarantee fit-for-purpose IT solutions.
Responsibilities
* Conduct business analysis on REMIT reporting requirements to ensure full regulatory compliance.
* Business Requirements elicitation, documentation and explanation, working closely with business stakeholders and project colleagues.
* Production of Functional Specification artefacts covering areas of change management identified by the Regulatory Reporting Team and Regulatory Compliance suitable for both users comprehension and IT technical development to subsequently design and build solutions from.
* Root-cause analysis of identified issues to determine systematic and functional changes to remediate.
* Testing of software changes ensuring fit-for-purpose IT solutions across Regulatory Reporting.
* Production of Documentation detailing source to output data mappings for regulatory reporting submissions.
* Prepare and lead workshops where necessary to resolve issues, drive through analysis and surface solutions/ideas with relevant project team members across business/support functions in collaboration with IT Development.
* Document User Acceptance Testing Strategy documents in partnership with stakeholders.
* Ensure User Acceptance Test scripts are prepared/structured and signed off by relevant stakeholders.
* Facilitate/support UAT at different levels as required for the project, phase/implementation.
Accountabilities
* Strong knowledge of REMIT, EMIR, Dodd-Frank, MiFID II, and other relevant energy trading regulations.
* Reference and review regulatory text, guidance docs and industry best practices.
* Produce BRD's & FSD's and obtain sign off from Business, Compliance & IT.
* Perform data lineage analysis, tracing trade data from source systems to final regulatory reports.
* Identify, investigate, and remediate trade reporting issues related to data quality, completeness, and accuracy.
* Collaborate with compliance teams to interpret evolving regulatory requirements and implement system changes accordingly.
* Strong knowledge of Front-to-Back trade lifecycle processes, including trade capture, clearing and settlement.
* Walkthrough IT and/or Reference data team with the requirements.
* Document User Acceptance Testing Approach documents in partnership with stakeholders.
* Perform functional testing/UAT testing and obtain UAT sign off.
* Delivery of SLDC artefacts in a structured, coherent manner suitable for relevant audiences.
* Own and drive 'sign off' for documentation, specifications and artefacts for the relevant phases of the project, escalating items of note where appropriate in a structured, positive manner.
* Working in a collaborative one team approach, striving for solutions and pragmatism whilst meeting the regulatory requirements in a fit for purpose manner with software delivered.
Requirements
* Detailed understanding of transaction reporting requirements across UK and EU Jurisdictions, primarily REMIT (including table 1 and 2 at minimum)
* Demonstrable experience working as a Business Analyst within regulatory change projects in Commodities or Financial Service organisations.
* Significant exposure to the Front-to-Back trade lifecycle, with demonstrable knowledge of traded derivative products for ETD and OTC.
* Ability to 'own' and drive Business Requirements elicitation, Functional Specification documentation and explanation - working closely with IT developers and business stakeholders.
* Significant experience working with IT Development teams.
* Working knowledge and hands-on experience of using SQL (data and object model concepts) to interact with complex data sets held in relational databases.
* Detailed usage of MS Excel for data analysis and prototyping solutions.
* Comfortable working in a fast paced, changeable/ambiguous environment where multi-tasking may be required along with a positive 'can do' mind set.
* Effective communicator both verbally and written coupled with a strong collaboration ethos.
* Comfortable working with IT Development teams and daily interaction with development staff.