At a Glance
- Tasks: Join a dynamic team to transform reconciliation processes in Wealth Management and Private Banking.
- Company: Leading financial services firm focused on innovation and excellence.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Collaborative environment with strong focus on career development.
- Why this job: Be at the forefront of financial transformation and make a real impact.
- Qualifications: Experience in business analysis and financial reconciliations is essential.
The predicted salary is between 60000 - 80000 £ per year.
We are seeking an experienced Business Analyst with a strong background in reconciliations, core banking platforms, and financial operations to support a strategic transformation programme within a Wealth Management and Private Banking environment. The role will play a key part in the design, migration, and implementation of future‑state reconciliation capabilities as the organisation consolidates payment processing, Nostro account management, and reconciliation activities onto the Avaloq platform.
Responsibilities
- Partner with Operations, Finance, Payments, and Technology teams to define, document, and deliver reconciliation requirements across a major Avaloq transformation programme.
- Capture and document current‑state reconciliation processes and supporting controls across payment operations, cash management, and banking services.
- Define future‑state reconciliation processes within Avaloq, ensuring scalability, standardisation, and alignment with the target operating model.
- Analyse reconciliation workflows across payments processing, Nostro account activity, and agent bank interactions.
- Produce detailed AS‑IS and TO‑BE process maps, business requirements, and functional specifications.
- Define reconciliation logic, matching rules, exception handling processes, and data mapping requirements.
- Support the migration of reconciliation activities from legacy reconciliation platforms into Avaloq.
- Work closely with Technology teams to source, validate, and reconcile data extracts, ensuring completeness, accuracy, and integrity throughout the migration process.
- Identify gaps, risks, dependencies, and control weaknesses across reconciliation processes and recommend appropriate remediation actions.
- Ensure pre‑migration, migration, and post‑migration balances reconcile accurately across systems and operational processes.
- Facilitate stakeholder workshops, requirements sessions, and design reviews to drive consensus and decision‑making.
- Support testing, validation, implementation, and go‑live activities, including reconciliation sign‑off and defect resolution.
- Prepare management information, status reporting, and governance updates for programme leadership and senior stakeholders.
Qualifications
- Proven experience as a Business Analyst delivering reconciliation‑focused change within Wealth Management, Private Banking, Custody, Securities Services, or Financial Services environments.
- Strong understanding of financial reconciliations, control frameworks, exception management, and operational risk processes.
- Experience working with reconciliation platforms such as IntelliMatch or similar enterprise reconciliation solutions.
- Hands‑on exposure to Avaloq, particularly within payments, cash management, operations, or reconciliation domains.
- Strong knowledge of payments processing, including domestic and international payment flows, agent bank relationships, and Nostro account reconciliations.
- Experience defining reconciliation logic, matching rules, data lineage, and reconciliation reporting requirements.
- Demonstrable experience producing business requirements, process maps, functional specifications, and operating model documentation.
- Strong data analysis and validation skills, including reconciliation of large and complex datasets.
- Experience supporting platform migrations, operational transformation programmes, or large‑scale core banking implementations.
- Ability to manage and influence stakeholders across Operations, Finance, Technology, Risk, and Change functions.
- Strong workshop facilitation, communication, and documentation skills.
- Experience supporting testing phases, migration rehearsals, cutover activities, and production go‑live events.
- Familiarity with Wealth Management products and services including investments, custody, trusts, portfolios, treasury products, and cash management services.
- Advanced Microsoft Excel and PowerPoint skills, with the ability to present complex information clearly to both technical and non‑technical audiences.
Business Analyst - Reconciliations & Platform Transformation (h/f) in City of Westminster employer: Emagine Consulting
Join a forward-thinking organisation that prioritises employee development and fosters a collaborative work culture in the heart of the financial district. As a Business Analyst, you will be part of a transformative journey within Wealth Management and Private Banking, with ample opportunities for professional growth and skill enhancement. Enjoy competitive benefits, a supportive environment, and the chance to make a significant impact on the future of banking operations.
StudySmarter Expert Advice🤫
We think this is how you could land Business Analyst - Reconciliations & Platform Transformation (h/f) in City of Westminster
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, or even hit up LinkedIn. The more you engage with others, the better your chances of hearing about job openings that might not even be advertised.
✨Show Off Your Skills
When you get the chance to chat with potential employers, don’t hold back! Share specific examples of how you've tackled reconciliation challenges or improved processes in your previous roles. This is your time to shine and show them what you can bring to the table.
✨Tailor Your Approach
Every company is different, so make sure you tailor your conversations to fit their needs. Research their current projects or challenges related to reconciliations and come prepared with ideas on how you can help. It shows you're genuinely interested and proactive!
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it gives you a chance to showcase your enthusiasm for the role and the company directly.
We think you need these skills to ace Business Analyst - Reconciliations & Platform Transformation (h/f) in City of Westminster
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to highlight your experience in reconciliations and financial operations. We want to see how your skills align with the role, so don’t be shy about showcasing relevant projects or achievements!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this Business Analyst role. Share specific examples of your past work with reconciliation processes and how you’ve contributed to similar transformation programmes.
Showcase Your Analytical Skills:Since this role involves a lot of data analysis and process mapping, make sure to highlight your analytical skills in your application. We love seeing candidates who can demonstrate their ability to handle complex datasets and produce clear, actionable insights.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team!
How to prepare for a job interview at Emagine Consulting
✨Know Your Reconciliation Processes
Make sure you brush up on your knowledge of reconciliation processes, especially within the context of Wealth Management and Private Banking. Be ready to discuss specific examples from your past experience where you've successfully defined or improved these processes.
✨Familiarise Yourself with Avaloq
Since this role involves working with the Avaloq platform, it’s crucial to understand its functionalities. If you have hands-on experience, prepare to share insights on how you've used Avaloq in previous roles, particularly in relation to payment processing and cash management.
✨Prepare for Stakeholder Engagement Scenarios
Expect questions about how you’ve facilitated workshops or engaged with stakeholders in the past. Think of specific instances where you drove consensus or resolved conflicts, as this will showcase your communication and facilitation skills.
✨Showcase Your Data Analysis Skills
Be prepared to discuss your experience with data analysis and validation, especially in reconciling large datasets. Bring examples of how you've ensured data integrity during migrations or transformations, as this is a key aspect of the role.
