At a Glance
- Tasks: Support strategic compliance projects and enhance financial crime monitoring systems.
- Company: Join a leading bank with a commitment to innovation and inclusivity.
- Benefits: Competitive salary, professional development, and a diverse work environment.
- Other info: Dynamic role with opportunities for career growth and collaboration across teams.
- Why this job: Make a real impact in compliance while developing your analytical skills.
- Qualifications: Experience as a Business Analyst in banking and knowledge of financial crime processes.
The predicted salary is between 51750 - 63250 £ per year.
There are 2 Projects which require a Strong Business Analyst to support:
- GCOP – The Global Compliance Platform (G-COP) program is a strategic initiative aimed at identifying, selecting, and implementing a unified suite of compliance systems. This platform will enable consistent and effective monitoring of Financial Crimes across the Bank’s international footprint. The Business Analyst will be responsible for a variety of project documentation including authoring Target Operating Models.
- Kofax Fax upgrade - Technical upgrade of the Kofax application and supporting infrastructure to address End-of-Service-Life (ESoL) requirements. The project will ensure continued support for fax services.
Require an experienced Business Analyst with requirements gathering, stakeholder management, process analysis, and documentation skills. Functional understanding of Kofax (but not crucial) and its business use cases, with the ability to assess current usage, validate requirements, and support future-state design. General technical awareness of application upgrades, infrastructure dependencies, integrations, and governance processes (including TDO reviews), working alongside technical SMEs where required.
Responsibilities
The Business Analyst will provide subject matter expertise and knowledge on Compliance processes and systems and work across complex projects for Compliance stakeholders. Business analysts are typically involved in all phases of the project life cycle, working closely with both the business users and the technology staff facilitating a clear understanding of the solution being delivered. This includes:
- Performing requirements gathering and compiling formal Business Requirements & Functional Specification, Target Operating Model and Technical Design Overview documents. Seeking and gaining approvals for any such documentation.
- Covering all aspects of Business Analyst engagement throughout the Project Development Lifecycle including but not limited to:
- Formulating and presenting proposed solutions to the business users.
- Formulating testing approaches and compiling test plans and test cases.
- Performing system integration testing and supporting business users with user acceptance testing.
- Compiling and presenting test results.
- Completing project/workstream status reports.
- Ensuring project documents are complete, current, and appropriately stored.
- Escalating issues/risks to project/line management.
- Providing subject matter expertise to support TEC initiatives, as required e.g. presenting solutions to other parts of the organisation.
- Promoting a dynamic, delivery driven culture that works alongside business units to provide responsive resolutions and value driven solutions.
- Complying with relevant security and compliance procedures.
- Promoting the bank values-led culture which is inclusive and diverse.
- Building relationships across the bank, establishing a strong peer network and helping to strengthen collaboration.
Skills
Must have:
- Experience as a Business Analyst in bank/financial services.
- Able to quickly get up to speed on new subject areas and has excellent documentation skills.
Essential:
- Business analysis experience working for a top tier bank or consultancy.
- Experience in Financial Crime (AML, KYC and Sanctions screening) is a must to ensure quick understanding of content and anticipating risks or issues.
- An understanding of the project life cycle and experience of compiling proposal, scope, requirements and testing documents.
- Product knowledge incorporating some of the following: Bonds, Derivatives, Securities Financing, FX and Loans and Deposits.
- A good understanding of the scope and purpose of the core banking functions.
- Experience performing data analysis and reconciliation.
- Knowledge of SQL (able to query and examine data, rather than build solutions).
- Ability and experience of working under pressure.
- Ability to liaise with business and IT stakeholders at all levels of the organization.
- Results & delivery driven, with a strong sense of accountability.
- A pro-active, motivated approach. The ability to operate with urgency and prioritise work accordingly.
- Strong decision-making skills, the ability to demonstrate sound judgement.
- A structured and logical approach to work.
- Excellent communication skills, both written and oral.
- Previous experience with Front Office Trading platforms (Bloomberg, Apex, Murex) beneficial.
Education / Qualifications:
Essential:
- Degree educated and/or equivalent experience.
Nice to have:
- Prior experience working with compliance driven projects especially Financial Crime.
- Functional understanding of Kofax.
Compliance IT Business Analyst in London employer: Luxoft
Luxoft is an excellent employer that fosters a dynamic and collaborative work culture, particularly for those passionate about market risk analytics. With a strong emphasis on employee growth, you will have access to continuous learning opportunities and the chance to work with cutting-edge technologies in a supportive agile environment. Located in the United Kingdom, Luxoft offers a unique blend of professional development and a vibrant team atmosphere, making it an ideal place for skilled developers looking to make a meaningful impact.
StudySmarter Expert Advice🤫
We think this is how you could land Compliance IT Business Analyst in London
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Luxoft looking for candidates who are engaged and informed.
We think you need these skills to ace Compliance IT Business Analyst in London
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Luxoft. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Luxoft
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Luxoft’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
