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Senior Business Analyst
- Compensation
- Not disclosed
- Location
- Central Region
- Work setup
- Onsite
- Seniority
- Senior
- Employment
- Not specified
- Experience
- 7+ years
- Category
- Business analysis
- Posted
Skills
Must have
- Bachelor's Degree in Information Technology or relevant fields.
- At least 7 years of experience in Banking Industry, as a Business Analyst and/or as a “hands-on” Project Manager.
- Strong knowledge of FATCA, CRS, QI and Management of Withholding and Transactional Taxes Topics within Temenos Transact (T24) – in-depth knowledge of Customer Static Data and Instrument Referential (p
- Understanding of FATCA/CRS/QI Regulatory Reporting Requirements, configurations of Tax-Related referentials at Customers and Portfolios, management of Tax-related documents tagging and impact of taxat
- Experience producing BRDs/FRDs/Functional Specifications – through interviews, document analysis, requirement workshops with business users, business process descriptions, use cases, scenarios and wor
- Strong analytical and problem-solving skills to challenge business/technical requirements to build good and scalable solutions.
- Product management skills required, including a thorough understanding of how to interpret customer business needs and translate them into application and operational requirements.
- Hands-on UAT and production support experience.
- Understanding of STP flows and system integrations (CFT, MQ, KAFKA flows) will be advantageous.
- Excellent verbal and written communication skills and the ability to interact professionally with a diverse group, managers, subject matter experts and technical teams.
- Self-driven, highly motivated, hardworking, and agile enough to work both independently and as a team player.
- Should have high standards for services delivered to business and should have an eye for details.
- Ability to work under pressure and manage multiple, concurrent priorities with business and other IT stakeholders.
Full description
⇒ Role Summary
The Tax & Regulatory Reporting Business Analyst is responsible for gathering, analysing, documenting business requirements for FATCA, CRS and Withholding Taxes (US Withholding Taxes and also for other regimes).
⇒ Main Responsibilities
- Act as a key conduit between Front Office, Operations, Tax Stream, focusing on STP, process efficiency and recommendations of industry practices.
- Experienced in driving PLWs and able to advise new processes for new Transact applications, preferably with implementation experience.
- Gathers and documents Transact-focused requirements and translate operational/business needs into functional specifications; experience in writing a BRD/FSD is a MUST.
- Analyses gaps in functionality and processes across European and Asian sites and proposing solutions to converge and align them into a common design, respecting WMIS standards and allowing for mutualization / reuse as much as possible between sites.
- Analyze and structure new requirements with all stakeholders involved in order to propose to the organization the best way to deliver appropriate solutions and integrate them in the overall program.
- Ensures all requirements are approached from a global perspective for all sites; specific solution should only be considered to address regulatory, tax or accounting specific requirements.
- Provides SME support for FATCA, CRS and QI Compliance within Temenos Transact R24 (in line with market standards and regulatory requirements).
- Ensures accurate client classification, withholding determination, reporting and auditability across securities, corporate actions, cash, FX and Derivatives/Structured Products, working closely with Tax, Compliance, Operations and Finance teams.
- Supports configurations of event-driven determination for FATCA/US WHT (US Withholding & Reporting) – Client Classification (US/Non-US, Chapter3 / 4 status), Withholding on US-Source Income (W8 and W9 indicators) and IRS Reporting (1042 / 1042-S data support).
- Analysis of FATCA/US WHT impact on Mandatory (Dividends, Coupons, Redemptions) and Voluntary Corporate Actions (Dividend Options, Dividend Reinvestment Plan, etc) Events and ensure correct handling of Income Segregation and Withholding at Source vs Intermediary Level.
- Supports compliance with CRS (OECD Common Reporting Standard) – Tax residency identification, Controlling person classification and Annual Regulatory Reporting and Data Quality Controls.
- Supports compliance with QI (Qualified Intermediary) – Beneficial Owner Identification (QI status and beneficial owner tags), Treaty eligibility and documentation validation and Gross vs. Net Income Processing and Reclaims.