Regulatory Compliance BA
Posted 2 days ago by Vallum Associates
Negotiable
Undetermined
Undetermined
Sheffield, England, United Kingdom
Summary: The Regulatory Compliance Business Analyst will play a crucial role in supporting the bank's regulatory change and compliance initiatives by translating regulatory requirements into actionable business and functional specifications. This position requires collaboration with various teams, including Compliance, Legal, Risk, Technology, and Operations, to ensure accurate interpretation and implementation of regulatory obligations. The analyst will also be responsible for managing requirements and supporting regulatory change initiatives throughout their lifecycle.
Key Responsibilities:
- Analyse and interpret banking regulations (e.g., AML, KYC, Basel III/IV, PSD2, GDPR, MiFID II, SOX, local central bank guidelines).
- Act as a liaison between Compliance, Legal, Risk, Operations, and IT teams.
- Elicit, document, and manage business and functional requirements related to regulatory change.
- Conduct impact assessments for new or changing regulations on systems, processes, and controls.
- Support regulatory change initiatives from requirement definition through implementation and testing.
- Define and maintain traceability between regulatory obligations and business/system requirements.
- Support UAT planning and execution to ensure regulatory requirements are met.
- Assist in the design and enhancement of controls, policies, and procedures.
- Prepare documentation for audits, regulatory reviews, and internal governance forums.
- Track regulatory commitments and ensure timely delivery of compliance milestones.
Key Skills:
- Strong understanding of banking regulations and compliance frameworks.
- Experience in business analysis and requirements management.
- Ability to conduct impact assessments and manage regulatory change initiatives.
- Excellent communication and collaboration skills.
- Proficiency in documentation and audit preparation.
- Experience with UAT planning and execution.
Salary (Rate): undetermined
City: Sheffield
Country: United Kingdom
Working Arrangements: undetermined
IR35 Status: undetermined
Seniority Level: undetermined
Industry: Other
Role Overview The Regulatory Compliance Business Analyst will support the bank’s regulatory change and compliance initiatives by translating regulatory requirements into clear business and functional requirements. The role involves close collaboration with Compliance, Legal, Risk, Technology, and Operations teams to ensure regulatory obligations are accurately interpreted, implemented, and monitored across banking systems and processes.
Key Responsibilities
- Analyse and interpret banking regulations (e.g., AML, KYC, Basel III/IV, PSD2, GDPR, MiFID II, SOX, local central bank guidelines).
- Act as a liaison between Compliance, Legal, Risk, Operations, and IT teams.
- Elicit, document, and manage business and functional requirements related to regulatory change.
- Conduct impact assessments for new or changing regulations on systems, processes, and controls.
- Support regulatory change initiatives from requirement definition through implementation and testing.
- Define and maintain traceability between regulatory obligations and business/system requirements.
- Support UAT planning and execution to ensure regulatory requirements are met.
- Assist in the design and enhancement of controls, policies, and procedures.
- Prepare documentation for audits, regulatory reviews, and internal governance forums.
- Track regulatory commitments and ensure timely delivery of compliance milestones.