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- Tasks: Translate business needs into technical user stories for core banking systems.
- Company: Join the Bank of London, a pioneer in safer business banking.
- Benefits: Full-time role with a focus on diversity and inclusion.
- Why this job: Make a real impact in banking innovation and technology.
- Qualifications: Experience in core banking, strong technical skills, and stakeholder engagement.
- Other info: Dynamic environment with opportunities for professional growth.
The predicted salary is between 36000 - 60000 £ per year.
Bank of London offers a safer business banking model by holding all deposits at the Bank of England, eliminating the risk of 'bank runs'. It provides services such as Payments, Clearing and Settlement, Embedded Banking, Safeguarding and Client Money Accounts, and Virtual Accounts. Powered by proprietary technology, the bank collaborates with SAP Fioneer to deliver innovative solutions. With a focus on exceptional service and core values of compassion, ownership, and curiosity, the bank strives for excellence in all it does.
We are looking for a Business Analyst (BA) with deep experience in core banking systems to join our growing product function. This role is key to translating business needs into technical user stories across areas such as customer data, account management, payments, deposits, finance, and customer data. You will work closely with product managers, architects, and engineering teams to define functional and non-functional requirements, contribute to systems design, and ensure the successful implementation of core banking capabilities. A strong understanding of banking processes, data structures, and system integrations is essential.
Role Description
- Collaborate with business and product stakeholders to elicit, analyse and document detailed functional requirements for the Bank's core banking platform.
- Translate business processes into technical workflows, user stories, and specifications for engineering teams.
- Analyse existing systems and data structures to assess impacts of change and opportunities for optimisation.
- Support end-to-end solution design, mapping dependencies between core banking modules and surrounding systems (e.g., payments gateways, general ledger, CRM and TM&S application).
- Work with QA and developers to validate acceptance criteria and support testing.
- Support data migration, reconciliation, and systems integration during platform rollouts or upgrades.
Requirements
- Experience as a Business Analyst in the core banking area.
- Deep understanding of banking products and processes (must have experience in deposits, payments, and account management).
- Strong technical fluency, able to work with APIs, data models and technical architecture diagrams.
- Must have experience writing user stories and process flows.
- Excellent stakeholder engagement skills with engineers.
- Understanding of agile SDLC methodology.
- Experience with JIRA, Confluence and Postman.
Diversity and Inclusion
Bank of London is an equal opportunity employer committed to inclusion, diversity and belonging. All qualified applicants are welcome and will receive consideration for employment without regard to race, colour, age, religion or religious expression, sex, sexual orientation, gender or gender identity and expression, transgender, national origin, or military veteran status.
Seniority level: Mid-Senior level
Employment type: Full-time
Job function: Finance
Business Analyst - Core Banking in London employer: Bank of London
Contact Detail:
Bank of London Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Analyst - Core Banking in London
✨Tip Number 1
Network like a pro! Reach out to folks in the banking sector, especially those who work at the Bank of London or similar companies. Use LinkedIn to connect and engage with them; you never know who might have the inside scoop on job openings.
✨Tip Number 2
Prepare for interviews by brushing up on your core banking knowledge. Make sure you can talk confidently about banking processes, data structures, and system integrations. We want you to shine when discussing how your experience aligns with their needs!
✨Tip Number 3
Showcase your technical skills! Be ready to discuss your experience with APIs, data models, and tools like JIRA and Confluence. Highlighting your fluency in these areas will set you apart from other candidates.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take that extra step to engage with us directly.
We think you need these skills to ace Business Analyst - Core Banking in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the role of Business Analyst in core banking. Highlight your experience with banking products, processes, and any relevant technical skills. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your skills can contribute to our mission at Bank of London. Keep it concise but impactful – we love a good story!
Showcase Your Technical Skills: Since this role requires strong technical fluency, don’t shy away from mentioning your experience with APIs, data models, and tools like JIRA and Confluence. We’re keen to see how you can bridge the gap between business needs and technical solutions.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it’s super easy!
How to prepare for a job interview at Bank of London
✨Know Your Core Banking Inside Out
Make sure you brush up on your knowledge of core banking systems, especially around deposits, payments, and account management. Be ready to discuss how these processes work and how they can be optimised, as this will show your deep understanding of the role.
✨Master User Stories and Technical Workflows
Since you'll be translating business needs into technical user stories, practice writing clear and concise user stories before the interview. Familiarise yourself with the format and ensure you can articulate how you would approach creating these for the bank's core banking platform.
✨Engage with Stakeholders Like a Pro
Prepare examples of how you've successfully engaged with stakeholders in previous roles. Think about times when you collaborated with engineers or product managers to define requirements and how you navigated any challenges that arose.
✨Get Comfortable with Agile Methodologies
Since the bank values agile SDLC methodology, be prepared to discuss your experience with it. Brush up on terms like sprints, backlogs, and stand-ups, and think of specific instances where you've applied agile principles in your work.
