Foreign Exchange Business Analyst

Job Description

Purpose of the role

To support the organisation, achieve its strategic objectives by the identification of business requirements and solutions that address business problems and opportunities.

Accountabilities

• Identification and analysis of business problems and client requirements that require change within the organisation.
• Development of business requirements that will address business problems and opportunities.
• Collaboration with stakeholders to ensure that proposed solutions meet their needs and expectations.
• Support the creation of business cases that justify investment in proposed solutions.
• Conduct feasibility studies to determine the viability of proposed solutions.
• Support the creation of reports on project progress to ensure proposed solutions are delivered on time and within budget.
• Creation of operational design and process design to ensure that proposed solutions are delivered within the agreed scope.
• Support to change management activities, including development of a traceability matrix to ensure proposed solutions are successfully implemented and embedded in the organisation.
  
  

Vice President Expectations

• To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures..
• If managing a team, they define jobs and responsibilities, planning for the department's future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L - Listen and be authentic, E - Energise and inspire, A - Align across the enterprise, D - Develop others..
• OR for an individual contributor, they will be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
• Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
• Manage and mitigate risks through assessment, in support of the control and governance agenda.
• Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
• Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
• Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
• Adopt and include the outcomes of extensive research in problem solving processes.
• Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes.
  
  

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship - our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset - to Empower, Challenge and Drive - the operating manual for how we behave.

Step into the role of Foreign Exchange Business Analyst. At Barclays, we are more than a Bank, we are force of progress. As a Business Analyst you will support the organisation, achieve its strategic objectives by the identification of business requirements and solutions that address business problems and opportunities.

To be a successful Foreign Exchange Business Analyst, you should have experience with:

• Business Analyst for major growth initiative project to expand payments automation market share to FinTech clients globally. Treasury, Cross Border Payments/Settlements and funding knowledge essential.
• Cross Border Payments:
• Correspondent Banking: A deep understanding of the traditional correspondent banking model, including the roles of intermediary banks, Nostro/Vostro accounts, and the functioning of different payment mechanisms such as direct and cover.
• Payment Schemes Knowledge: Familiarity across RTGS, Instant and ACH payment schemes, including their operational processes, and settlement mechanisms.
• Distributed Ledger / Cross Border Payment Schemes Knowledge: While not mandatory, knowledge of distributed ledger technologies (DLT) like blockchain and evolution in connecting different Payments Schemes and the functioning of each is preferable.
• Funding:
• FX Swaps: Understanding of foreign exchange swaps, in their use of liquidity management.
• Treasury Deposits/ Repos: Knowledge of treasury instruments, in their use of liquidity management.
• Payment Sweeping: Knowledge of account pooling mechanisms.
  

Additional Relevant Skills Given Below Are Highly Valued

• Ability to master and navigate new subject domains quickly.
• Strong Communication Skills: Ability to engage with stakeholders effectively at all levels across Technology and Business.
• Treasury, Cross Border Payments/Settlements and funding knowledge.
• Documentation: Exceptional skills in creating clear, concise, and comprehensive documentation, including business requirements, functional specifications, and user manuals.
• Process Mapping: Ability to map out complex processes, identify inefficiencies, and propose improvements. This includes creating process flow diagrams, swimlane diagrams, and other visual aids to communicate processes effectively.
• Asking Questions: Strong analytical skills and the ability to ask insightful questions to gather detailed requirements, clarify ambiguities, and ensure a thorough understanding of business needs.
  
  

You may be assessed on key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen, strategic thinking and digital and technology, as well as job-specific technical skills.

This role is based in Pune.