Business Systems Analyst - Risk & Regulatory Reporting
Experience as a Business Systems Analyst in Risk & Regulatory Reporting will complete data analysis and business acumen to ensure a company is accurately and timely reporting financial information to regulatory bodies, while also identifying and mitigating potential risks associated with compliance and reporting processes; they bridge the gap between business needs and technical requirements to optimize regulatory reporting systems and procedures.
Key responsibilities of a business analyst in risk and regulatory reporting:
* Gathering and analyzing data: Collecting data from various sources within the organization, including trading systems, risk management platforms, and accounting systems, to generate accurate regulatory reports.
* Regulatory compliance: Staying updated on evolving regulatory requirements and ensuring the company's reporting practices adhere to relevant regulations like Basel Ill, Dodd-Frank, and local regulations
* Requirement gathering: Identifying and documenting business requirements for regulatory reporting systems, including data quality standards, reporting formats, and deadlines.
Process improvement: Analyzing existing reporting processes to identity inefficiencies and propose improvements, such as automating manual task or streamlining data flows.
Risk assessment: Evaluating potential risks associated with regulatory reporting, including data accuracy, timeliness, and compliance issues.
Skills required for this role:
* Financial knowledge: A strong understanding of financial products, accounting principles, and risk metrics.
Regulatory expertise: Deep knowledge of relevant regulatory reporting requirements and frameworks.
* Data analysis skills: Proficiency in data manipulation, statistical analysis, and data visualization tools.
* Business analysis skills: Ability to gather requirements, document processes, and translate business needs into technical specifications.
* Project management skills: Experience in managing complex projects from initiation to implementation.
* Communication skills: Excellent written and verbal communication to effectively interact with stakeholders at all levels.