Regulatory Reporting Business Analyst - Basel 3.1 in London

The Financial Management department is in charge of planning, organising, directing and controlling the financial activities of the Bank. The department performs a variety of financial functions, including accounting and financial reporting, fixed asset and expenses management, budget and management reporting, taxation (indirect and direct), regulatory reporting, treasury (asset and liability management) and capital management.

As a Regulatory Reporting Business Analyst – Basel 3.1, you will play a critical role within the Basel 3.1 program, providing a vital nexus between regulatory policy, technical implementation, and Business-as-Usual (BAU) operations. You will act as a Subject Matter Expert (SME) and ensure that the Basel 3.1 framework's technical delivery remains robust, compliant and operationally viable.

Key responsibilities:

• Interpret final PRA Policy Statements (PS9/24, PS1/26) to determine the impact on the firm's capital position and reporting obligations.
• Convert nuanced policy interpretations into detailed Business Requirement Documents (BRDs) and Functional Specifications for the development team.
• Act as the primary point of contact for policy related matters, ensuring regulatory intent is accurately embedded within the system logic and data lineage.
• Apply deep AxiomSL ControllerView expertise to guide the configuration of calculation engines and reporting templates.
• Ensure seamless integration of Basel 3.1 changes into existing BAU workflows, mitigating risk to current month-end and quarter-end reporting schedules.
• Map and validate data attributes from source systems to the Axiom landing zone, ensuring accuracy in risk-weighting and disclosure.
• Define and lead the User Acceptance Testing (UAT) framework, ensuring all policy-driven scenarios are rigorously tested.
• Conduct comprehensive variance analysis between Basel 3.0 and Basel 3.1 outputs, providing stakeholders with clear, data-backed explanations for capital fluctuations.
• Utilise SQL for complex data interrogation to identify and remediate calculation defects or data quality gaps.

Requirements:

• Degree educated in Finance, Economics, Law or other relevant subjects.
• Solid experience in Regulatory Reporting or Business Analysis within a financial services industry ideally in Banking.
• Hands-on experience with AxiomSL is ideal. Advanced SQL skills for data validation are highly preferred.
• Prior experience in Regulatory Policy interpretation is considered a significant advantage.
• Deep working knowledge of the Basel 3.1 framework (specifically the standardised approach to Credit Risk and the Output Floor).
• Excellent communication skills with ability to engage with different types of stakeholders.
• Team player and able to work independently.
• Attention to detail.
• Highly organised.

Having a presence in the UK for more than 90 years, Bank of China London Branch has been providing an excellent financial service to the market and maintains its competitive edge as an international bank operated in the UK. It has employees in over 33 countries, and it is one of the most internationalised overseas branches in the Bank of China Group. The Bank values the diversity of its employees and aims to create an inclusive environment where everyone can speak up and enjoy equal opportunities to grow both personally and professionally.