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JobDescription :


Job title

Business Analyst (Reporting BA)

Location

Pune

Experience

 

Job Duties

 

The Client as the leading global bank is present in 100+ countries, 54 of which are in EMEA. In each of these countries the Central Banks and other financial regulatory bodies require timely and accurate reporting of key monetary statistics and prudential limits & ratios.  It requires a team of dedicated professionals, with knowledge base in accounting, financial products and banking to be able to fulfil this requirement.

The Finance regulatory reporting team is housing a Local Regulatory Reporting service centre supporting local regulatory reporting for 19 countries, and is looking to cover more in the years ahead.

The department is split into 3 main units:

a)     The Statistical Reporting team covers Central Bank reporting for key monetary statistics, based on which important monetary policy decisions are made;

b)     Prudential reporting team covering Credit Risk reporting  and Market Risk reporting teams being responsible for Basel2/3 capital requirement and large exposures reporting;

c)     The Controls and Standardisation team ensures consistency of controls across the above areas.

 

The Financial Reporting Business Analyst will be responsible for managing system and process implementation projects and covering several tasks including business requirements specification, reporting rule definitions, test case preparation, UAT testing, coordination with and escalation to key stakeholders, etc

 

 

The role will require working as part of the Regulatory Reporting change team, amongst other projects to support delivery of the EBA reporting for FINREP (Financial Reporting) and /or COREP(Common Reporting) and supporting requirements for AnaCredit

 

Key responsibilities include:

Identifying and documenting business requirements from key business stakeholders.

Conducting deep dive analyses, gap analyses and proposing responses

Work in partnership with key stakeholders and programs to define business solutions that deliver requirements.

Perform the role of BA on Capital/Regulatory projects

Act as a liaison between the UK Reg business team and the development and test teams

Accountable for all BA work products focusing mainly on the creation and delivery of  Business/Functional Specification documents ensuring that they combine knowledge of what the business wants with knowledge of how the application is built

Gather requirements through a variety of techniques (e.g workshops, work sessions and interviews)

Analysis of Business Requirements to understand the business needs and to determine how the various applications can best functionally fulfil those needs

Review specifications with the development team to ensure common understanding

During the Design phase for projects, validate that any technical designs have been reviewed by the project team and conform to business requirements and the goals of the organisation

 

Qualification

Professional qualification (e.g. CFA, MBA, CA) preferred

Skills Required

 

Capital/Regulatory Reporting Business Analysis experience

Very familiar with current European regulations: Basel 3, CRD IV and CoRep/FinRep

Knowledge of Model-Based Approaches

Knowledge of Axiom, XBRL(Extensible Business Reporting Language) and Data Point Model

Awareness about EBA taxonomies

Knowledge of data mining including SQL is highly desirable

Awareness of BI tools and Business Objects is desirable

Effective stakeholder management, experience in facing senior business stakeholders

Ability to work with colleagues across global locations remotely

Experience of implementing change

 

 

Business analysis competencies:

Strong competencies in business requirements gathering, solution design, planning, and implementation preferably in large scale global programs (preferably from an Investment Bank or consultancy background)

Good understanding and working knowledge of SDLC and Agile methodology of project execution

Independent and able to work with little supervision

Ability to communicate successfully (written and verbal)

Assisting PM/PM competencies

Extensive experience of architecture or delivery roles in large scale global programmes (preferably with an Investment Bank and/or Asset Management and/or Consultancy background)

Proven organizational, leadership and management skills

Solid strategic analysis, problem solving, issue resolution and decision making skills

Proven ability to communicate with and report to Management in a clear, concise manner

Ability to direct project teams and to create agreement among differing stakeholder views - must be able to lead by example and motivate/ focus team members.

Effective relationship management and influencing skills

The candidate should be process oriented, have attention to detail, and have good time management skills

 

About FINREP & COREP:

 

With an aim to ensure financial transparency across EEA (European Economic Area), the European Banking Authority introduced the Capital Requirements Directive IV (CRD IV). The directive intends to cover banks, building societies and investment firms. Most of the rules have been in place from 1 January 2014. The CRD IV regulation comprises of two reports namely COREP (Common Reporting) and FINREP (Financial Reporting).

 

COREP

Common Reporting aims to increase transparency in regulatory reporting by increasing the granularity of data requirements. It applies to all credit institutions and investment firms operating in EEA. The regulation requires these firms to follow the below mentioned five reporting templates for capital adequacy and capital requirements:

Capital Adequacy

Credit and Counterparty Credit Risk

Group Solvency

Market Risk

Operational Risk

These reports have to be filed monthly and quarterly with the National Supervisory Authority.

 

FINREP

Financial Reporting intends to step up the harmonization and convergence in supervisory reporting requirement. It will apply to all credit institutions that consolidate their financial reports based on IFRS. The templates covered under FINREP include:

Primary Statements (Balance Sheet and Income Statement)

Primary Statements (Comprehensive Income and Equity)

Disclosure of financial assets and liabilities

Financial asset disclosures and off balance sheet activities

Financial asset disclosures and off balance sheet activities and non-financial instrument disclosures

These reports have to be filed annually with the National Supervisory Authority.

 


About CRISIL GR&A:  CRISIL Global Research & Analytics (GR&A) is the largest and top-ranked provider of high end research and analytics services to the world's leading commercial and investment banks, insurance companies, corporations, consulting firms, private equity firms and asset management firms. CRISIL GR&A operates from research centers in Argentina, China, India and Poland, providing research support across several time zones and in multiple languages to global organizations. It has deep expertise in the areas of equity and fixed income research (covering global economies, 150 global sectors and over 3000 global companies), credit analysis, exotic derivatives valuation, structured finance, risk modeling and management, actuarial analysis and business intelligence.

 

CRISIL GR&A includes Irevna, Pipal Research and Coalition, firms which were acquired by CRISIL. For more information, please visit www.irevna.com, www.pipalresearch.com and www.coalition.com

Job ID :
227577
Posted On :
5-17-2017
Location :
Pune, IN
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