At a Glance
- Tasks: Analyse business needs and document requirements for banking and wealth management projects.
- Company: Join a leading financial institution focused on innovation and transformation.
- Benefits: Attractive salary, professional development, and a collaborative work environment.
- Other info: Dynamic role with opportunities for career advancement and involvement in strategic initiatives.
- Why this job: Be at the forefront of banking technology and make a real impact in the industry.
- Qualifications: 10+ years as a Business Analyst with Avaloq experience and strong communication skills.
The predicted salary is between 48000 - 68000 £ per year.
Salary: £48,000 - 68,000 per year
Requirements
- Proven experience of 10+ years as a Business Analyst within Banking or Wealth Management
- Hands-on experience with the Avaloq Banking Suite, including configuration, parameterisation, or business rule development
- Strong understanding of Wealth Management processes, including portfolio management, client onboarding, KYC/AML, custody, trade execution, and reporting
- Experience writing BRDs, functional specifications, and user stories in Agile/Scrum or Waterfall environments
- Solid understanding of core banking operations, securities processing, and financial products
- Experience with UAT planning, execution, and defect management
- Strong stakeholder management and communication skills, with the ability to engage both business and technical audiences
- Familiarity with regulatory frameworks affecting UK wealth and private banking, including FCA regulations, MiFID II, and Consumer Duty
- Proficiency with requirements and documentation tools such as JIRA, Confluence, Visio, and MS Office
- Bachelors degree in Business, Finance, Computer Science, or a related field, or equivalent experience
- Relevant industry certifications such as CBAP or BCS Business Analysis Diploma are advantageous
- Avaloq certification(s) are advantageous
- Experience with Avaloq Front (AF) or Avaloq Wealth is advantageous
- SQL or data analysis skills are advantageous
- Prior experience in a private bank, wealth manager, or Tier 1/2 banking institution is advantageous
- Knowledge of Agile delivery frameworks such as Scrum or SAFe is advantageous
Responsibilities
- Gather, analyse, and document business requirements from stakeholders across Wealth Management, Private Banking, and Operations functions
- Act as a subject matter expert on the Avaloq core banking system, advising on platform capabilities, configuration options, and best practices
- Produce high-quality business requirement documents, functional specifications, process maps, and user stories
- Work with Avaloq's Business Rule Framework, Script Language, and Reporting tools to define and validate solution designs
- Liaise with Avaloq vendor teams and internal developers to ensure requirements are correctly implemented
- Support system testing, including test case design, UAT coordination, and defect triage
- Analyse current-state processes and design improved future-state processes, identifying opportunities for automation and efficiency
- Support regulatory and compliance-driven change initiatives within the Avaloq environment
- Facilitate workshops, stakeholder interviews, and requirement walkthroughs
- Produce clear documentation and presentations for both technical and non-technical audiences
- Support project managers with planning, RAID logs, and status reporting as required
Technologies
- Avaloq
- Confluence
- Support
- JIRA
- SQL
We are seeking an experienced Business Analyst with a strong background in the Avaloq core banking platform to join our Change & Transformation team. This role sits at the intersection of business and technology, supporting the delivery of strategic initiatives across our Banking and Wealth Management divisions. We work closely with front-office, operations, and IT teams to translate business needs into clear requirements and support the configuration and enhancement of Avaloq-based solutions.
Business Analyst - Avaloq Banking & Wealth Management employer: Luxoft
As a leading bank, we pride ourselves on fostering a dynamic and inclusive work environment that encourages professional growth and collaboration. Our Training Business Analyst role offers the opportunity to engage in impactful projects while working alongside talented teams dedicated to compliance and innovation. With a strong commitment to employee development and a culture that values diverse perspectives, we provide our staff with the tools and support needed to thrive in their careers.
StudySmarter Expert Advice🤫
We think this is how you could land Business Analyst - Avaloq Banking & Wealth Management
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Luxoft. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Business Analyst - Avaloq Banking & Wealth Management
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Luxoft.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Luxoft's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Luxoft
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Luxoft.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Luxoft will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Luxoft employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
