Role Description
Technology Business Analyst - UK Financial Services/Broker Dealer
Role Overview 10+ years experienced. Technology Business Analyst with strong functional expertise in UK financial services, multi-currency and multi-entity operating models, and broker-dealer environments.
Key Responsibilities
- Partner with business stakeholders across Front Office, Middle Office, Operations, Finance, Risk, Compliance, and Technology to understand business needs and define solutions.
- Lead requirements gathering, process analysis, functional decomposition, and solution definition for complex financial-services initiatives.
- Analyse and document current-state and future-state business processes, identifying control gaps, inefficiencies, and opportunities for automation.
- Translate business requirements into BRDs, FRDs, user stories, functional specifications, process flows, data mappings, and acceptance criteria.
- Support technology implementations involving multi-entity, multi-currency, and cross-border operating models.
- Define requirements for entity-specific processing, including legal entities, branches, books and records, intercompany relationships, and entity-level reporting.
- Work extensively with GBP, USD, EUR and other major currencies, including FX conversion, currency exposure, settlement currency, functional/base currency, and multi-currency accounting considerations.
- Analyse broker-dealer workflows covering areas such as: Trade capture and validation, Order and execution processing, Securities and cash settlements, Corporate actions, Clearing and custody, Reconciliations, Position and cash management, P&L and financial reporting, Fees, commissions, and brokerage, Client and counterparty management, Regulatory and management reporting.
- Work with Finance teams on multi-currency accounting, GL integration, journal processing, trial balance, P&L, balance sheet, and entity-level reporting.
- Define and validate data flows and integrations between trading platforms, order/execution systems, accounting platforms, payment systems, data warehouses, and downstream reporting applications.
- Work closely with architects and developers to ensure functional requirements are translated accurately into technology solutions.
- Support API, batch, file-based, and event-driven integrations, including data mapping and interface requirements.
- Develop detailed business rules, exception scenarios, controls, reconciliations, and validation rules.
- Lead or support SIT, UAT, regression testing, defect triage, and production implementation.
- Coordinate with business users and technology teams during releases, migrations, and system upgrades.
- Support regulatory and control-driven initiatives relevant to the UK financial-services environment.
- Identify dependencies, risks, assumptions, and impacts across multiple entities, currencies, applications, and business processes.
Functional Experience Required
Broker-Dealer/Capital Markets Strong understanding of broker-dealer operating models, including: Trade life cycle and transaction processing, Equities, Fixed Income, derivatives and/or FX, Front-to-back trade processing, Middle Office controls, Clearing and settlement, Custody and prime brokerage processes, Cash and securities reconciliation, Client and counterparty processing, Fees, commissions, rebates, and brokerage, Position, exposure, and P&L management, Corporate actions, Regulatory and financial reporting.
Multi-Entity Demonstrable experience working with complex multi-entity financial structures, including: UK and international legal entities, Entity-specific books and records, Intercompany transactions, Entity-level accounting and reporting, Branch versus legal-entity processing, Entity-specific configuration and business rules, Consolidated versus entity-level reporting, Cross-entity data and transaction flows.
Multi-Currency Strong functional knowledge of: GBP, USD, EUR and other currencies, Transaction versus settlement currency, Functional/base/reporting currency, FX conversion and exchange-rate management, Realised and unrealised FX, Multi-currency P&L, Currency translation, FX gains/losses, Currency-specific settlement and payment processes, Multi-currency accounting and reconciliation.
UK Financial Services Experience Strong understanding of the UK financial-services and capital-markets environment. Experience working with UK-based broker-dealers, investment banks, asset managers, trading firms, or financial institutions. Familiarity with UK regulatory, operational, accounting, and control requirements. Experience working with UK stakeholders and distributed/global technology teams. Understanding of the implications of regulatory and operational requirements across multiple jurisdictions and legal entities.
Deliverables
- The Business Analyst will be expected to produce and maintain: Business Requirements Documents (BRDs), Functional Requirements Documents (FRDs), User stories and acceptance criteria, Process maps and workflow diagrams, Data-flow and integration specifications, Data mappings, Business rules and validation logic, Source-to-target mappings, Impact assessments, Test scenarios and UAT scripts, Reconciliation and control requirements, Traceability matrices, Release and implementation documentation.
Required Skills & Experience
10+ years of experience as a Business Analyst within financial services, capital markets, investment banking, or broker-dealer environments. Strong UK financial-services experience. Demonstrable experience with multi-entity and multi-currency platforms/processes. Strong broker-dealer functional knowledge with an understanding of the end-to-end trade life cycle. Proven experience delivering technology change in complex enterprise environments. Strong analytical, problem-solving, and process-modelling skills. Excellent written and verbal communication skills. Ability to communicate effectively with both senior business stakeholders and technical teams. Strong experience managing requirements through the full delivery life cycle. Experience working in Agile, Waterfall, or hybrid delivery environments.
Key Competencies
- Financial Services/Capital Markets
- Broker-Dealer Operations
- Multi-Entity Processing
- Multi-Currency Accounting
- Trade Lifecycle
- Business Process Analysis
- Requirements Engineering
- Data Analysis & Mapping
- Systems Integration
- Reconciliation & Controls
- UAT/Test Management
- Stakeholder Management
- Agile Delivery
- UK Financial Services
- Technology Transformation