Business Systems Analyst – Regulatory Reporting
About the role
Role Summary
The ideal candidate will have 5–7 years of experience working with banking systems , either directly at a financial institution or as a consultant. The focus of the role is on analyzing, improving, and implementing systems —particularly those related to regulatory reporting (like US regulatory applications or "Reg Apps").
Key Responsibilities Explained
Here’s a breakdown of the core responsibilities and what they involve:
- Liaison Between Business and Tech Teams
- Act as a bridge between regulatory reporting teams ("US Reg Apps") and technical development teams.
- Translate current data interface requirements into updated or new specifications.
- Documentation of Current State
- Analyze and document the existing environment , including workflows and data processing systems.
- Understand how the current systems work before suggesting changes.
- Industry & Regulatory Awareness
- Stay informed on regulatory trends and changes in financial reporting to offer better solutions or system upgrades.
- Process Re-engineering
- Identify inefficiencies or outdated processes and suggest or implement improvements .
- Gap Analysis
- Analyze current systems and processes to find gaps in functionality or data coverage.
- Ensure that all required changes due to system updates or regulatory changes are addressed.
- Reference Data Analysis
- Understand and document static data such as products and counterparty (client) details, which are key for financial reporting.
- System Change Analysis
- Conduct a GAP analysis for all proposed changes to determine impact on systems, data flows, procedures, and interfaces.
- Spec Development
- Write functional and technical specifications (depending on need), which guide developers in building or changing systems.
- Collaboration with IT
- Work closely with developers to ensure they understand data sourcing needs and system design (both current and future states).
- Status Reporting
- Update the Project Manager on progress, issues, and timelines.
Required Knowledge
- Investment Banking Products:
- You should understand complex financial instruments (e.g., derivatives, equities, bonds) and how they’re reported.
- SDLC (Software Development Life Cycle):
- Familiarity with project lifecycles—how systems are developed from requirements to design, development, testing, and deployment.
About Maverick InnoGarage
"At Maverick Innogarage, we drive digital transformation with innovative, resourceful solutions tailored to your business needs. Our expertise spans Adobe Cloud, MS Dynamics 365, Data Governance, Application Development, and Records Management. We prioritize agility and creativity, blending cutting-edge technology with a practical approach to help organizations achieve their transformation goals efficiently."
Business Systems Analyst – Regulatory Reporting
About the role
Role Summary
The ideal candidate will have 5–7 years of experience working with banking systems , either directly at a financial institution or as a consultant. The focus of the role is on analyzing, improving, and implementing systems —particularly those related to regulatory reporting (like US regulatory applications or "Reg Apps").
Key Responsibilities Explained
Here’s a breakdown of the core responsibilities and what they involve:
- Liaison Between Business and Tech Teams
- Act as a bridge between regulatory reporting teams ("US Reg Apps") and technical development teams.
- Translate current data interface requirements into updated or new specifications.
- Documentation of Current State
- Analyze and document the existing environment , including workflows and data processing systems.
- Understand how the current systems work before suggesting changes.
- Industry & Regulatory Awareness
- Stay informed on regulatory trends and changes in financial reporting to offer better solutions or system upgrades.
- Process Re-engineering
- Identify inefficiencies or outdated processes and suggest or implement improvements .
- Gap Analysis
- Analyze current systems and processes to find gaps in functionality or data coverage.
- Ensure that all required changes due to system updates or regulatory changes are addressed.
- Reference Data Analysis
- Understand and document static data such as products and counterparty (client) details, which are key for financial reporting.
- System Change Analysis
- Conduct a GAP analysis for all proposed changes to determine impact on systems, data flows, procedures, and interfaces.
- Spec Development
- Write functional and technical specifications (depending on need), which guide developers in building or changing systems.
- Collaboration with IT
- Work closely with developers to ensure they understand data sourcing needs and system design (both current and future states).
- Status Reporting
- Update the Project Manager on progress, issues, and timelines.
Required Knowledge
- Investment Banking Products:
- You should understand complex financial instruments (e.g., derivatives, equities, bonds) and how they’re reported.
- SDLC (Software Development Life Cycle):
- Familiarity with project lifecycles—how systems are developed from requirements to design, development, testing, and deployment.
About Maverick InnoGarage
"At Maverick Innogarage, we drive digital transformation with innovative, resourceful solutions tailored to your business needs. Our expertise spans Adobe Cloud, MS Dynamics 365, Data Governance, Application Development, and Records Management. We prioritize agility and creativity, blending cutting-edge technology with a practical approach to help organizations achieve their transformation goals efficiently."