Payments Business Analyst
Location: London - Hybrid (3 days on-site per week)
Salary: £500-£550
Role Overview
emagine consulting is seeking a Payments Business Analyst with experience in regulated financial services, ideally with exposure to Private Banking and Wealth Management environments. The role will support an ongoing programme with the set up of a new European capital markets entity, focusing on end-to-end operational analysis, process design, and building a scalable target operating model across multiple jurisdictions.
Responsibilities
* Lead end-to-end analysis of front-to-back trade lifecycle processes, from trade inception through to settlement, across multiple product lines (e.g. derivatives, lending, securities finance).
* Develop comprehensive Business Requirements Documents (BRDs) covering operational processes, system interactions, external connectivity, risks, dependencies, and implementation constraints.
* Conduct detailed current-state and target-state process mapping, including workflows, system touchpoints, data flows, and decision logic.
* Support the design and evolution of the European target operating model, aligned to new legal entity requirements and regulatory expectations.
* Analyse and document market infrastructure and external connectivity, including clearing houses, settlement systems, market data providers, and regulatory repositories.
* Define data requirements, interface specifications, and message formats to support system and process integration.
* Document regulatory reporting obligations and controls (e.g. EMIR, MiFID), ensuring alignment with compliance and jurisdictional requirements.
* Identify and engage key stakeholders across operations, technology, and change, facilitating workshops and validating requirements with SMEs.
* Produce high-quality process documentation, including flowcharts, BPMN diagrams, and RACI matrices.
* Support delivery through to implementation and go-live, including validation, testing readiness, and execution planning.
Qualifications & Skills
* Proven experience as a Business Analyst within financial services operations.
* Strong understanding of front-to-back trade lifecycle processes across capital markets products.
* Experience with process mapping, business analysis, and documentation tools (e.g. BPMN, Visio, JIRA, Confluence).
* Familiarity with market infrastructure and external connectivity, including clearing, settlement, and market data flows.
* Knowledge of regulatory reporting frameworks (e.g. EMIR, MiFID) and associated data and control requirements.
* Experience supporting target operating model design and/or legal entity setup initiatives.
* Strong stakeholder management and communication skills, with the ability to work across business and technology teams.
* Ability to operate as a self-starter in a fast-paced, ambiguous environment, proactively driving analysis and validating assumptions.
* Experience working across European jurisdictions and/or on Brexit-related change is advantageous.
emagine is an equal opportunity employer, and employment practices are based strictly on merit. It is the policy of the Company to give equal opportunity in employment regardless of sex, sexual orientation, marital status, race, age, disability, gender reassignment, pregnancy and maternity, religion or ethnic origin.
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