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Business Analyst - UK Local Custody & CREST - Assistant Vice President

Last update 13.11.2024

Company purpose:

Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.

Our employer promise is built around three pillars:

• Being a great place to work

• Committed to sustainability and having a positive impact

• Being dedicated to the development of our people

Business area

Securities Services is a leading global custodian and securities services specialist that provides multi-asset post-trade and asset servicing solutions for buy and sell-side market participants, corporates and issuers.

This role sits within the Banking Services team, which is part of our Client Delivery UK IT & Engineering department. The team covers the design and implementation of solutions across all local products and services bought or booked in the UK MESA regions.

The objective of the department is to create an environment that thrives to transform our business, excelling in high class solution design capabilities, with strong professional framework to support change in coordination with our product, operational stakeholders and clients. 

Job Purpose

This position is covering Banking Services with the below goals: 

  • Ensuring business objectives for local solutions are achieved through the development of operating model and technologies.
  • Representing both the business and the technology capability for UK local solutions facing off internal stakeholders (local and offshore) and external stakeholders (clients, prospects, vendors/suppliers, industry groups, media).
  • Developing engineering capability (methodologies, staff skills, structures, systems and management disciplines) used to operate the business and clients.  

Key Responsibilities

Change management assessments analysis and Documentation 

The Business Analyst models necessary and desired business processes and their functionality.  This is achieved by:  

  • Discussion and review with key internal and external stakeholders.
  • Analysing existing end-to-end business processes and data-flows, as well as new business information requirements.
  • Defining problem areas and translating these into business requirements.
  • Documenting recommendations for new and improved processes and systems changes specification which meet these requirements.
  • Liaising with internal IT teams and/or external IT vendors throughout the initiative lifecycle to ensure a clear understanding of business needs and to help validate the proposed and delivered solutions.
  • Identify, analyse and prepare risk mitigation tactics

Quality Management 

The Business Analyst assists in the development and agreement on quality planning for the project.  This includes:

  • Realising the tests.
  • Assisting in the organisation of user acceptance testing in order to ensure adequate functioning and to obtain final user acceptance. 
  • Developing the business case for the project.
  • Participating in project check point reviews.

Stakeholder Relationship Management 

The Business Analyst ensures adequate project understanding and commitment with the internal key decision makers and key end user, through:

  • Managing relationships with internal key decision makers and key stakeholders.
  • Participating in development of project proposals and high level plans based on a thorough understanding of the business goals and objectives as well as information needs and expectations including time and cost estimates.
  • Assisting project sponsors in getting agreements on proposed project plans, amongst others by involving key end users in all major development stages. 

Manage the change portfolio - Project  Management 

In some cases, for small to medium sized projects the Business Analyst will be given full charge of the projects and will therefore be responsible for the leading, planning and reporting of such projects. 

  • Providing effective leadership to the project team and taking appropriate action where performance deviates from agreed tolerances. 
  • Identifying, assessing and managing risks to the success of the project. 
  • Preparing realistic project and quality plans and, providing regular reports to stakeholders as appropriate.
  • Managing change control procedure and ensuring that project deliverables are completed within planned cost, timescale and resource budgets. 
  • Ensuring that quality reviews occur on schedule and according to procedure. 
  • obtain final user acceptance. 
  • Developing the business case for the project.
  • Participating in project check point reviews.

BAU Support

  • Assist with support issues that may require BA expertise. Provision of appropriate solutions, this could be in the form of explanations, small enhancements or bug fixes.

Requirements

Essential:

  • Good understanding of the UK market clearing and custody environment
  • Experience in change management, business analysis or process development and/or consulting role
  • Familiarity with project management approaches, tools and phases of the project lifecycle
  • Demonstrable written and verbal communication skills, including presentation skills and report writing
  • Excellent active listening skills and the ability to clearly articulate messages to a variety of audiences
  • A solid understanding of how people go through a change and the change process
  • Experience with large-scale organizational change efforts
  • Ability to establish and maintain strong relationships
  • Ability to influence others and move toward a common vision or goal
  • Flexible and adaptable; able to work in ambiguous situations
  • Resilient and tenacious with a propensity to persevere
  • Organised with a natural inclination for planning strategy and tactics
  • Problem solving and root cause identification skills
  • Able to work effectively at all levels in an organisation
  • Must be a team player and able to work collaboratively with and through others

Desirable:

  • Core technology skills.
  • Good understanding and practice of the IT development lifecycle.
  • Knowledge of SWIFT messaging standards.
  • Detailed knowledge of Corporate Actions and related tax rules.
  • Detailed knowledge of UK Clearing and Settlement.
  • Knowledge of Broker Dealer activity.
  • Knowledge of Fidessa post trade activity.

And of course, we expect all our colleagues to embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethic, integrity and Code of Conduct).

A bit more about why you should join us

1. We’re a great place to work

We aim for optimal work/life balance (depending on role, this includes hybrid working, flexible working and agile)

We are proud of our award-winning flexible benefits and health & wellbeing strategy. Our flexible benefits include:

• Generous holiday allowance of at least 26 days (plus bank holidays) – with option to buy and sell holidays.

• Valuable financial plans – a 12% non-contributory pension which has been moved to sustainable investments*, life assurance*, income protection and personal accident insurance.

• Extensive wellbeing and mental health offering – one of the most advanced private medical schemes in the UK, dental cover, wellbeing app, Cognitive Behavioural Therapy support, subsidised gym memberships, bespoke health assessments including genetic testing, Private GP (including digital GP services to parents of employees), Employee Assistance Programme, menopause & fertility support (we are an accredited Menopause Friendly Employer), neurodiversity assessment and support.

• Key onsite services and facilities in Scotland – include free monthly massage and yoga, mental health first aiders and seasonal flu vouchers.

• Plus, emergency back-up care for dependants, green car leasing, season ticket loan, and a range of other benefits.

* Subject to relevant caps

2. As the eurozone’s largest bank, we are committed to having a positive impact in the world.  

For example, we are committed to Net Zero in all of our financing and investment portfolios by 2050. By 2030, 80% of our energy production financing will be low carbon.

But impact for us means more than climate. It means empowering our people every day. Everyone gets four volunteering days each year - in 2023, we achieved over 18,000 hours of volunteering across the UK and reaching over 4,500 young people.

3. We believe in our people

We support our people to develop skills to adapt to the ever-evolving world of work and to prepare for the jobs of today and tomorrow. We do this through a comprehensive training offering, talent programmes, mentoring, career days and inhouse career tools.

We are proud of the number of our people who progress and secure new roles internally. In fact, in 2023, nearly half of our positions in UK CIB were filled internally. 

Investing in our people also means we have a collaborative and inclusive culture:

• Direct feedback from our people shows that our internal culture sets us apart from our industry peers.

• Each year, nearly 30,000 employees globally are involved in professional networks that play an active role in promoting Diversity and Inclusion within the Group. These include our:

Pride Network, Ability Network (which supports disabled employees), MixCity (gender equality network), Women in Global Markets, Women in Global Banking, Women in IT, Diversity Equity & Inclusion in Technology, Early Careers Network, Multicultural Network and Parents & Carers Network.

Equal opportunities

BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation, or any other legally protected status.

Adjustments

We don’t want anyone to be disadvantaged in our recruitment processes, so if you have a disability or health condition which may mean that you’d benefit from some adjustments or additional support, please let us know as early in the process as possible.

#LI-Hybrid

Interested by our offer? Don't wait any longer!

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Why should I apply?

Basically, why would you want to join BNP Paribas over any other company?

BECAUSE YOU'RE THE KIND OF PERSON WHO WANTS...

  • What if we told you that working in our Group isn’t quite what you might think? At BNP Paribas, we do a multitude of different jobs that are constantly evolving to meet the expectations of our clients and society as a whole. Whether through everyday tasks or major projects, doing one of our jobs means making a personal commitment to taking sustainable action.

  • Feeling good about your job means bringing your whole self to work and being who you are. It’s also about having the resources you need to achieve a healthy work-life balance. Both of these are major commitments at BNP Paribas.

  • At BNP Paribas, developing your skills is as important to us as it is to you. And the skills you learn with us will help you through the rest of your working life.

Find out more