Business Analyst

Business Analyst Salary: London from £59,800 – £80,000 per annum and National – ranging from £55,600 – £73,000 per annum Do you have a proven track record in ensuring business outcomes are articulated and understood? Are you keen and interested in developing people in business analytics functions? The team/ department Our Change Directorate is at the forefront of our ambition to transform the FCA into a data-led regulator, and our work enables the FCA to effectively regulate some of the UK’s most complex financial markets. Within the Change Directorate, our Departmental Change Teams (DCT) work closely with business areas to deliver business change activities in support of technology, regulation, process and behavioural changes. DCTs are made up of key change disciplines such as business change, project management and business analysis. The Business Analyst sits within one of the three DCTs. 10% of the role holder’s time is allocated to people management for a small number of direct reports. The remaining time is dedicated to delivery of business analysis on projects, particularly high risk or high reputation projects, and developing the Business Analysis (BA) Community of Practice (CoP). The role holder will have a strong delivery track record, be adept at ensuring business outcomes are articulated and understood and will have a keen interest in developing people and the BA practice. What you will be doing (the role) People Management:

• Line management responsibility for approximately 1-2 permanent Junior and/or Senior Associates within the BA team, and/or overseeing workstreams for Contractor resources. For permanent direct reports, this includes performance management and supporting professional development though a training plan
• Acting as a mentor for BAs in the team. For example, to support Junior Associates in developing BA technical knowledge or soft skills

Community of Practice:

• Taking a prominent and active role in developing the BA Community of Practice. Leading other BAs on key CoP initiatives (e.g. BA away days, template refresh exercise)
• Shares BA ways of working with individuals working on your assigned project. For example, inducting contractor BAs on which templates to use, or helping Project Managers to understand the BA approach

Project Delivery:

• Sets the strategy for your assigned project, through definition of the business analysis approach, ensuring that all BA output on the project is fit-for-purpose, represents value for money, and is delivered on time
• Takes a leading role on high risk or high reputation projects, executing the strategy and overseeing multiple BA workstreams appropriate
• End-to-end requirements management using BA best practice techniques to:
  • Requirements elicitation through workshop facilitation
  • Requirements documentation via a requirements catalogue
  • Secure agreement of requirements owners
  • Assurance of requirements delivery by playing a key role in UAT testing
  • Requirements traceability management
• Completing other Business Analysis deliverables as applicable to the project in order to model requirements or enhance understanding. Deliverables will be documented comprehensively, clearly & in line with recognised best practice BA tools and techniques. For example:
  • Gap analysis
  • Business processes
  • Data flow diagrams
  • Options papers
  • Business activity models
  • Rich pictures
  • Use cases
  • User stories
  • Data models
  • Training guides
  • Investment cases
• Working collaboratively with project stakeholders, business subject matter experts, suppliers, technical stakeholders, and product groups to deliver the project outcomes to the highest possible standards in a hybrid working environment. Uses this close engagement to proactively identify opportunities which add value for the whole team

What you will get from the role Our competitive flexible benefits scheme gives you the opportunity to create a personalised benefits package, tailored to suit your lifecycle. You can use this allowance to purchase additional benefits such as dental or cycle to work or you have the option top up your base salary by taking this as cash. Core benefits that you will receive as standard are:

• 25 days holiday per year
• Private healthcare with Bupa
• A non-contributory Pension of at least 8% of basic salary each month (there are several contribution levels that increase depending on your age – up to 12% a month once you reach age 35).
• Life assurance of eight times your basic salary
• Income protection

We support hybrid working which means you will be able to work from home up to 60% of the time over a month with the remainder of your time in one of our three office locations. The skills and experience you will have Minimum We are a signatory to the Government’s Disability Confident scheme. This means that we will offer an interview to disabled candidates entering under the scheme, who best meet the minimum criteria for a role. A minimum criterion needs to be measurable from reviewing a candidate’s CV.

• Has held a role(s) as a “Senior Business Analyst” or “Consultant”
• Substantial experience in working in project/programme environments involving business & IT change.
• Business analysis experience within any of the following types of organisations/sectors: financial services, government/regulatory body, technology, consultancy (ideally IT consultancy).
• Last performance rating was at least a 3 (internal candidates only)

Essential

• Has experience of developing people (e.g. through direct/indirect line management, buddying, coaching, mentoring etc.) and is motivated to move into line management
• Has contributed to the development of a BA practice and wishes to build on this experience
• Vast knowledge of business analysis tools, techniques and best practice approaches, including end-to-end requirements management. Shows pragmatism in being able to select and adapt the right approach for the right situation.
• Can quickly develop domain knowledge in order to effectively and credibly engage with stakeholders on the problem statement.
• Delivers quality outputs at pace in both structured, and fluid/challenging project environments.
• Assures the delivery of business requirements to ensure that the solution is fit for purpose.
• Experience of project lifecycles delivered within a range of project delivery methodologies including Waterfall & Agile.
• Effective stakeholder management skills. Builds strong engagement with SMEs, and establishes good relationships with business sponsors, project stakeholders, and supplier delivery teams.
• Accomplished problem-solver who constructively challenges the status quo, keeps an open mind, and can develop innovative solutions.
• Skilled at leveraging excellent written and oral communication skills to communicate effectively with stakeholders and ensure requirements are clear and unambiguous to all.
• Attained BCS International Diploma in Business Analysis or working towards completing it.

About the FCA The FCA regulates the conduct of 50,000 firms in the UK to ensure our financial markets are honest, fair and competitive. We do this to make sure markets work well for individuals, businesses and the economy as a whole. For more information on what we do, our three-year strategy can be found here. The FCA's Values & Diversity Our ambition is to cultivate a culture of inclusion for all employees that respects their individual strengths, views, and experiences. We believe that our differences and similarities enable us to be a better organisation – one that makes better decisions, drives innovation, and delivers better regulation. We particularly welcome applications from women, disabled, and minority ethnic candidates, as under-represented groups. Flexible working We welcome applications from candidates who are looking for flexible arrangements. Many of our staff work flexibly including working part-time, staggered hours, and job shares. We can’t promise to give you exactly what you want but we won’t judge you for asking. Multi-location As part of the FCA’s on-going commitment to develop our national presence, most of our vacancies are now open to working in our Edinburgh, Leeds, or London offices. This means that as part of the application process you will be able to select your preference of which office location you would like to work from. Useful information Applications for this role close at midnight on 9th June 2023. This role is graded as Lead Associate in the Regulatory Job Family. Got a question? If you are interested in learning more about the role, please contact:

• For internal applicants, please contact Darren Chambers at Darren.Chambers@fca.org.uk
• For external applicants, please contact Ifrah Azam at Ifrah.Azam@fca.org.uk

What to expect from our interview process The assessment process will be one stage and will involve a competency-based interview.