Business Analyst – Sub-Ledger Implementation

Department Overview:

Forming part of the wider Global Product Control Change organisation, the London based, Product Control Change team focuses on business driven, strategic and tactical change initiatives.

The team provides Project Managers and Business Analysts accountable for delivery, from start to finish, of global projects across all asset classes in Product Control.

Typical projects undertaken are:

• Strategic (e.g. Target Operating Model design)

• Tactical (e.g. Address a specific short term business need)

• Business Process Re-engineering

• System Implementation

• Legacy System Decommissioning

The Client:

• Product Control is primarily responsible for understanding, substantiating and controlling the daily trading balance sheet and income statement for the bank.

• Across the full product range, Product Control's functional responsibilities include: production of a comprehensive daily trading PL and balance sheet, execution of regular independent price verification, ensuring that the appropriate accounting principles are applied, partnering with the Front Office and other support groups in facilitating new products and initiatives and developing and reporting management accounting information to the business.

• This involves a close working relationship with the Front Office as well as all primary support partners including Operations, Technology, Risk Management and Legal.

• Product Control is key to our independent reporting and control infrastructure and is a key enabler to the controlled growth of the bank’s businesses.

Main Function:

• The Projects team is a pool of fungible resources, however the immediate need is for the Business Analyst to work on a large Finance wide transformation programme encompassing Product and Financial control.

• This is a hands on role, candidates will be expected to perform detail analysis and solution design tasks (including elicitation, documentation, validation).

• Management tasks are limited mainly focusing on planning / status reporting and the co-ordination of work packages within the design team – depending on seniority may lead more junior analysis’s.

Main Duties

The key activities for the Business Analyst will involve the whole project lifecycle which may include:

• Contributing to the project Initiation stage, when the project is defined, scoped, planned, and the business case (cost/benefit analysis) is developed and agreed with business users.

• Working with user representatives to determine business requirements. This must involve a thorough consideration of all implications of these requirements to the business, including the identification of any potential issues or functional omissions.

• Accurately document the analysis carried out (e.g. the production of process flows, use cases and scenarios).

• Working with IT groups to convert requirements into specification.

• Act as the bridge between the business and IT.

• Identification and management of issues/risks with appropriate timely escalation.

• Assisting in the preparation and execution of User Acceptance Testing.

• Develop and deliver user procedures and training.

• Provide go-live and post implementation support.

• Contribute to the projects team intellectual capital

• As in all project roles, a high degree of flexibility is required.

• Projects sometimes involve travel and/or long hours at critical stages in the lifecycle

Person Specification:

3-5 years Business Analyst experience

• Demonstrable experience within a change management role  

Ledger / Accounting s/w implementation experience i.e. SAP, PeopleSoft.

• The ideal candidate will have prior exposure to an accounting ledger implementation or design

Experience in delivering strategic project solutions

• Solution orientated focused i.e. Target Operating Model design

Accounting Knowledge

• Knowledge of accounting / finance processes, e.g. revaluation, balance sheet, PL, retained earnings, month end (i.e. all functions a ledger performs) Knowledge of control processes

Strong analytical skills

• Preferably candidate will have a consultancy / or finance background. Candidate must demonstrate flexibility, commitment to detail, efficiency and strong communication skills. If from a consultancy background involvement in finance / accounting projects essential. If from a finance background involvement in large, structured and strategic transformation projects essential.

Qualified Accountant – ACA/CIMA / line experience

• Qualified accountant would be ideal, should have worked in a finance line function ideally exposed to multiple asset classes.

Formal business analysis qualification

• Qualifications ideal but not essential track-record in a

Good understanding of the project lifecycle

• Appreciation of project lifecycle / phase is essential

Investment Banking knowledge / Multinational with an Financial Services function  

• Both Investment Banking and / or Multinational experience is acceptable  

Investment Banking Product Knowledge

• General knowledge of IB / Treasury products

Process orchestration experience

• Experience in capturing requirements in use cases, BPML, finance architecture and process flows is preferable

If you would like to apply please send an up-to-date CV to Ben.Reed@investigo.co.uk or call me on 020 3009 3427.