What is a Regulatory Business Analyst?
What is a Regulatory Business Analyst?
The core responsibilities and skills required are the same as a Business Analyst.
You can learn about that by reading What is a Business Analyst?
A Regulatory Business Analyst will be working in a Regulated industries, and on a Regulatory driven project, or a project that has significant regulation applied.
Here is an excerpt from an actual job spec for a Regulatory Business Analyst.
Responsibilities of a Regulatory Business Analyst
• Provide senior analytical support to the Head of Business Product Management
• Analyse regulatory legal documentation and translate them into business requirement documents with full traceabilty between the specific legal points and “hard” requirements for development and “soft” requirements for procedure/process changes
• Understanding of data flows and business processes for EMIR, FinfraG and SFTR regulatory reporting
• Contribute to the analysis of regulatory reporting legislation, based current technical specifications
• Perform business process reviews, and identify gaps between the current “as is” and the future “to be” system landscape
• Perform user acceptance testing, to ensure the system performs according to the business requirements analysis
- Investigate queries and perform analyses with the regulatory requirements
And Duties of a Regulatory Business Analyst and Skills of a Regulatory Business Analyst from another Job spec.
Regulatory Business Analyst Job Specification
You will be working on a Consulting basis across Capital Market clients, with your duties/responsibilities typically including :
- Providing guidance and support for company projects and initiatives
- Data analysis and production of technical documentation
- Regular updates to senior stakeholders
- Presentation of results to senior stakeholders
- Interpretation of MiFID II and implementation of MiFID II
- Identify risks and controls
Key Skills and Attributes:
- Ability to multitask
- Excellent inter personals skills
- Ability to communicate across levels of seniority
- Strong MS Office skills
- Self-starter who is proactive and driven
- Good relationship and experience of dealing with regulatory bodies
- Subject Matter Expert in MiFID II
- Strong presentation skills
- Technically accomplished
- Significant experience of working in Financial Services
About Senior Regulatory Business Analyst Alastair Majury
I am a Chartered Member of CISI, which is the UK’s leading securities and investment professional body, and this highlights that I am at the pinnacle of professionalism in financial services. Across the world, and across industries, a personal Charter is recognised as a symbol of the peak of professionalism. Holding a Charter tells clients, colleagues and regulators that I have already demonstrated an outstanding commitment to achieving the highest levels of knowledge, skills and behaviour and that I am dedicated to maintaining this.
“Alastair built up a strong rapport as links between the Business and IT Developers. He certainly hit the ground running.
His appreciation of the whole picture from Business, Business Unit and Technical perspectives is exactly what was needed for the complex set of tasks, together with his ability to communicate with all parties at the appropriate level be it by phone, in meetings or by email. His emails are without fail, professional and clearly articulated, always answering everything raised and always managing expectations.
Although brief, it was good working with you and I have to say that your professional and reliable ways will be sorely missed. Thank you for leaving everything in the best possible state for our teams going forward.”
Heather Francis, Business Systems Analyst, Legal & General
“Working with Alastair was an absolute pleasure. His positive demeanour and ability to strategically deliver on projects made me continuously want to work with him. I worked with him on multiple projects, and he was able to deliver consistently despite any challenges encountered on the projects.
Alastair is an asset to any organization with his ability to interpret organizations objectives with clear and concise communication, direction and coaching to team mates. This also makes him a well rounded manager that can coach for performance and expedite tactical solutions.”
Vallicia Lowe, Senior Business Analyst, HSBC
“I had the pleasure of working with Alastair on gathering the required market data for a range of OTC derivatives from Geneva in order to model them in the Prime Source valuation platforms. He is an effective communicator who added value by offering suggestions on how to improve processes. I have no doubt that he would be a key member of any team.”
Amy Sanchez, Product Manager, STP, Prime Source, NYSE Euronext
“Alastair has good communication skills, maintained a professional approach to his tasks during busy periods, and if he advised that he would return information in a given time period, he did. Gained trust, and was considered reliable.
I wish Alastair well in his endeavours.”
Paul Farquhar, Head Client Services/Operations, Prime Source NYSE Euronext
“Alastair was a proactive team player who always looked to improve process. We increasing came to rely upon Alastair and his colleagues to provide exception management based support to our operations which was key to ensuring correct functioning of our derivative valuation function. Alastair approaches his role with a positive and constructive outlook and looks to affect changes and improvements in a positive fashion with the minimum of fuss.”
Denis Kissane, Global Head of Derivative Pricing and Risk Securities Services, HSBC
“Alastair provided detailed feedback on a business proposal and followed up effectively on behalf of the OTC Derivatives pricing group. His work was valued tremendously and he was very adept at working across functional groups.”
Manan N. Rawal, Senior Vice President — Market Risk Manager, HSBC
“I worked with Alastair on a major back book Mortgage migration programme and found him to be an extremely focussed individual, who can quickly apply his analytical skills to the task at hand.
Alastair is extremely well organised, can deal with multiple stakeholders (of differing seniorities) with no issues and is a very personable individual who finds it easy to build good working relationships with those he interacts with.
I’d certainly like to work with Alastair again and would recommend him as a potential asset to any project team.”
Terry Morland, Programme Level Business Analyst, Royal Bank of Scotland
Alastair Majury Chartered MCSI, is also a director of Majury Change Management Ltd is a highly experienced Senior Business Analyst / Data Scientist with a proven track record of success planning, developing, implementing and delivering migrations, organisational change, regulatory, legislative, and process improvements for global financial organisations, covering Retail Banking, Investment Banking, Wealth Management, and Life & Pensions.
For several years now, Alastair has worked extensively with a variety of financial institutions in order to offer the utmost comprehensive services. As a data scientist/business analyst, Alastair Majury Chartered MCSI is expected to find intuitive and sensible solutions to complex problems.
As a data scientist/business analyst, Alastair Majury Chartered MCSI has worked closely with several high-profile businesses, such as BNP Paribas, National Australia Bank, Standard Life and the Royal Bank of Scotland Group.A graduate of University of Glasgow, Alastair Majury Chartered MCSI earned his M.A. in Economics with Business Economics. Since then, Alastair has undergone several training sessions and earned multiple certifications for a variety of skills. More specifically, he has earned certifications in IAQ, risk management, resource management, and a bevy of other areas. Alastair Majury thoroughly enjoys his work.
What excites him most about being a data scientist/business analyst is that every problem has a variety of solutions. This allows for a great deal of creativity on his part. Providing ingenious solutions to his customers’ problems provides a great deal of satisfaction to Alastair Majury Chartered MCSI. Every single day can be a new and challenging problem.
Although he is a fierce and determined worker, Alastair also manages to find free time to embrace his hobbies and interests. Alastair is a major proponent of philanthropy and charitable endeavors. He constantly finds new and exciting ways to promote charities and philanthropic organizations in his community. He also tries to donate time and funds to said organizations whenever he can. Alastair Majury Chartered MCSI firmly believes that if we all work together towards a common goal, we can find peace.