Regulatory Reporting Business Analyst

KPMG is one of the world’s leading professional services firms and the fastest growing Big Four accounting firm

About The Job:

• Reporting to the Head of Business Transformation with a dotted line to the Regulatory Reporting Change Lead, the Hybrid will work within the newly created Regulatory Reporting Change function, part of the wider Regulatory Change Portfolio.
• The role combines project delivery leadership with hands-on business analysis, with an expected balance of business analysis and project management responsibilities.
• The Hybrid will be accountable for delivering smaller to medium-complexity regulatory reporting projects, covering project planning and governance, regulatory interpretation, impact assessment, requirements, solution design, testing, implementation and business readiness.
• Depending on the scale and complexity of the initiative, the Hybrid may lead a project independently or work alongside other Hybrids.

Essential Job Functions:
Manager or Expert

• For people managers, accountable for managing and motivating others to ensure quality of delivery to customers and stakeholders.
• For technical specialists, accountable for delivering expert advice or service, using specialist knowledge and subject matter expertise.
• Applies judgement to deliver outcomes, evaluating a range of potential solutions, considering the impact for customers, cost and risk.
• Manages conflicts that may impact delivery.
• Challenges upwards given knowledge of delivery and awareness of complex systems and the broader picture.
• Identifies and anticipates need for changes to continuously improve quality and efficiency of output.
• Manages resources and risks using expert judgement, know-how and experience.

Delivery Leadership

• Own the end-to-end delivery of smaller to medium-complexity regulatory reporting projects, independently or alongside other Hybrids.
• Work with the Project Sponsor and key stakeholders to define the business case, objectives, scope, delivery approach, resources, benefits and expected outcomes.
• Develop and manage integrated plans covering analysis, design, build, testing, implementation and business readiness.
• Provide matrix leadership across the project team, ensuring clear ownership of deliverables, dependencies and decisions.
• Build effective relationships across business, technology, operations, data, risk and compliance functions to support timely decisions and delivery.
• Manage delivery within agreed tolerances for scope, schedule, cost, quality, risk, benefits and outcomes.
• Forecast and manage project costs and resource requirements, taking action or raising change control where agreed tolerances are at risk.
• Identify and manage risks, issues, assumptions and dependencies, escalating where decisions or intervention are required.
• Assess the impact of regulatory uncertainty or late clarification and adjust delivery scope, sequencing, resources and plans accordingly.
• Work collaboratively with subject-matter experts and delivery teams, constructively challenging assumptions, interpretations and proposed solutions where appropriate.
• Provide clear and timely reporting to the Project Sponsor, portfolio leadership and relevant governance forums, including the continued viability of the business case.
• Adhere to relevant governance standards, maintaining accurate project plans, RACI, RAID and mandatory documentation.
• Lead implementation, handover to business as usual and benefits realisation, ensuring appropriate ownership and support arrangements are in place.
• Capture and share lessons learned to improve delivery across the Regulatory Change Portfolio.

Regulatory Analysis, Design and Testing

• Interpret regulatory reporting requirements and translate them into clear business, operational, data, control and technology outcomes.
• Lead regulatory impact assessments to identify affected processes, systems, data, controls, reporting obligations and operating-model components.
• Critically assess regulatory source material and stakeholder interpretations, identifying ambiguity, gaps, conflicts and areas requiring clarification.
• Establish and manage documented assumptions where requirements are incomplete or unclear, ensuring they are reflected in project decisions and plans.
• Analyse current-state capabilities and define the changes required to deliver the future-state solution and operating model.
• Elicit, analyse and maintain requirements, including epics, user stories, acceptance criteria, process definitions, data requirements and controls.
• Maintain traceability from regulatory obligations through requirements, solution design, testing and implementation.
• Lead workshops and analysis with business, regulatory, data and technology stakeholders, challenging assumptions where they do not support the required outcome.
• Act as the link between regulatory interpretation, business requirements and delivery execution, ensuring decisions remain aligned throughout the project lifecycle.
• Evaluate solution options and trade-offs, ensuring the proposed solution is feasible and aligned with the agreed regulatory interpretation and project objectives.
• Review solution designs and completed builds against agreed requirements, identifying and resolving gaps.
• Define and coordinate the testing approach, including test scenarios, acceptance criteria, business testing and defect management.
• Confirm that the delivered solution meets the agreed requirements and remains aligned with regulatory expectations as they develop.
• Lead business-readiness activities, including operational impacts, procedures, training, implementation planning and readiness assessment.
• Provide guidance, coaching and quality assurance to colleagues where appropriate, supporting consistent delivery and analysis standards.

Qualifications:
Skills and Competencies

• Strong project delivery and business analysis capability, with the ability to move effectively between delivery leadership and detailed analytical work.
• Ability to lead smaller to medium-complexity projects while personally undertaking analysis, design and testing.
• Strong practical understanding of project planning, governance, financial management, resource management and delivery controls.
• Deep knowledge of business analysis techniques, including impact assessment, requirements definition, process analysis, operating-model design and solution validation.
• Ability to interpret regulatory requirements and translate them into implementable business, data and technology change.
• Ability to maintain delivery momentum where requirements are ambiguous, incomplete or subject to late clarification.
• Strong analytical and problem-solving skills, with the ability to evaluate complex information and develop practical solutions.
• Ability to maintain alignment between regulatory obligations, business outcomes, requirements, design, testing and implementation.
• Strong organisational and risk-management skills, with the ability to manage multiple priorities, deliverables and dependencies.
• Sound judgement, including the ability to determine when delivery can proceed through managed assumptions and when clarification or escalation is required.
• Confident and effective communicator with the ability to influence, facilitate and constructively challenge stakeholders at all levels.
• Strong understanding of testing, requirements traceability, defect management, business acceptance and operational readiness.
• Ability to provide matrix leadership and work effectively with multidisciplinary delivery teams.
• Good understanding of the asset-management operating model and its business, data, operational and technology infrastructure.
• Commitment to developing a working environment that embraces and values diversity.

Experience

• Significant experience of delivering projects or material workstreams from initial definition through to implementation and handover.
• Strong practical experience across both project management and senior business analysis.
• Experience of independently leading smaller to medium-complexity regulatory reporting projects (e.g EMIR, Transaction Reporting, AIFM Annex IV) including planning, governance, cost, resources, risk and stakeholder reporting.
• Experience of leading analysis across impact assessment, requirements, process and operating-model design, solution validation, testing and business readiness.
• Experience of interpreting regulatory requirements and translating them into business, data and technology requirements.
• Experience of working across business, technology, data, operations, risk and compliance functions.
• Experience of engaging senior stakeholders and coordinating multidisciplinary teams through matrix leadership.
• Relevant experience within asset management, financial services or regulatory reporting.