MIFID II Business Analyst

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My client is looking for a MIFID II BA for a 12 month contract in London. £300 per day.

The Operations Change Management Team is responsible for delivering large-scale projects across the firm. These initiatives range across asset classes, and often impact teams from front-to-back within the organisation, requiring significant management of time and resources. Project drivers are both external and internal, with the significant increase in regulatory demands reflected in the current focus of the team. In this respect the Operations Change Management Team (CMT) take a leading role in ensuring the firm responds efficiently and successfully to the demands of market-wide initiatives. Understanding and applying external requirements to internal systems and processes is a core part of the team's role, working closely with stakeholders across different divisions and functions. Current projects the Change Management team are leading include MIFID2, BCBS, EMIR and FATCA.

The Change Management Team work significantly with Regulatory Operations EMEA, who are responsible for assessing the impact of future regulatory legislation, ensuring regulatory change governance and driving delivery in line with the upcoming MiFID II regulation.

Role description

Management, analysis and solution design of workstreams within the overall MiFID II Transaction Reporting programme:

Identifying, collating and analysing data to establish and quantify problem statements

Quickly understands the business issues and data challenges

Establishing relationships and working with system and process owners to determine and document requirements

Designing and agreeing solutions to problems with the relevant stakeholders

Outlining and reviewing requirements, specifications, business processes and recommendations related to proposed solution

Tracking requirements, change requests and defects through the project lifecycle

Highlighting project risks & issues

Providing regular updates to the project manager and project team on progress

Liaising with different teams as required and coordinating all activities related to the workstream, including managing business sign-off

Conducting secondary research, analysing information and producing constructive analysis

Developing functional specifications and system design specifications

Following the CMT Project Control approach for all deliverables and upholding the level of control focus that it implies throughout the project lifecycle

Developing a technical understanding of MiFID II Vendor Reporting System

Understanding of wider trade flows and be able to apply this knowledge to ensure accurate MiFID II Transaction Reporting

Ensuring an up to date understanding of the FCA rules governing MiFID II Transaction Reporting.

Continuous challenge of the process and identifying areas for improvement

Development and execution of testing strategies, approaches and test packs

Developing overall strategy and approach for functional, regression, performance and User Acceptance Testing

Managing the definition of user acceptance criteria and sign-off

Definition of test scripts, planning and scheduling testing activity, and execution of acceptance testing

Conducting end user acceptance testing and tracking improvements/errors/plan of action

Key objectives critical to success:

Ensuring business requirements and benefits are clearly articulated, syndicated and integrated within the project

Ensuring that the testing and quality approach adopted by the project will demonstrate that the business requirements have been delivered

Building and sustaining strong relationships with stakeholders across all teams, using good relationship management skills for the benefit of the firm and the project

Utilising clear, consistent, and targeted communication across the stakeholder group

Ability to translate understand and digest technical knowledge of MiFID II Transaction Reporting process

Understand and be fully conversant with MiFID II Transaction Reporting rules

Understanding of the current regulatory environment and regulatory pipeline, assessing the impact of upcoming regulatory change on Operations processes as they relate to BAU processes for MiFID II Transaction Reporting

Skills, experience, qualifications and knowledge required:

Change Management

An understanding of the business analysis skillset

Clear understanding and experience of implementing and enforcing change initiatives

Willingness to learn change management project processes, methods, techniques, concepts and best practice

A good understanding of project risk management

A broad knowledge of the project lifecycle

Appreciates the need to plan and manage projects through the benefits they deliver

Investment Banking Domain Experience

Experience working within the Investment Banking industry

Experience working in regulatory change; with FCA Transaction Reporting desirable

Good investment banking product and market knowledge