Business Analyst - Banking Operations (T+1 Settlement)
Hybrid role, inside IR35, paying £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
If you have the required experience, please send your CV in word format for the attention of ALISON CALDER