Process Analyst (Payroll)
Location: London (Hybrid)
6 Month Contract
Our leading UK Investment Banking client are currently looking for a Process Analyst to join their team on an initial 6 month contract.
Role Overview
The Business Process Analyst / Business Analyst will support the Payroll function within an investment banking environment, focusing on process review, controls, data integrity and stakeholder engagement.
Key Responsibilities
* Review and document current‑state payroll processes, identifying inefficiencies, risks and control gaps
* Develop tools to Perform detailed payroll reconciliations, investigating variances and resolving discrepancies across multiple data sources
* Use Excel extensively to build processes to analyse large datasets, build reconciliations, and produce clear management reporting
* Partner with Payroll, HR, Finance, Technology and Risk teams to gather requirements and understand business needs
* Act as an inquisitive challenger, asking the right questions to fully understand issues and root causes
* Design and recommend future‑state process improvements, including automation and control enhancements
* Support the implementation of new processes, ensuring changes are clearly documented and adopted
* Produce clear documentation including process maps, impact assessments and business requirements
* Assist with audit queries and regulatory requests related to payroll processes and controls
Key Skills & Experience
* Proven experience as a Business Analyst or Business Process Analyst, ideally within Payroll, Finance or Operations
* Strong Excel skills (e.g. pivots, lookups, reconciliations, data validation; VBA a plus)
* Solid experience performing financial or payroll reconciliations in a controlled environment
* Highly inquisitive and analytical mindset, with strong attention to detail
* Demonstrated ability to review current‑state processes and make practical, value‑adding recommendations
* Confident communicator with experience engaging and influencing stakeholders at varying levels of seniority
* Comfortable working in a fast‑paced investment banking or financial services environment
* Strong documentation and presentation skills, able to translate complexity into clear outputs