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RAF Business Analyst / SME

Premium Job From Jefferson Wells
Recruiter: Jefferson Wells
Listed on: 24th June
Location: London
Salary/Rate: £685 - £880
Type: Contract
Start Date: ASAP

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RAF Business Analyst / SME

Contract until February 2022

Remote / London

PAYE up to £685 per day

Umbrella up to £880 per day

Programme Overview:

The Bank of England has recently published the Resolvability Assessment Framework (RAF) which sets out new requirements on banks to become fully resolvable by 1st January 2022. The RAF requires the client to build capabilities to support resolution and take accountability for its own resolvability.

This Programme has been formed (which is being co-led by Group Treasury and Finance Change) to enable the client to comply with the Bank or England's (BoE) RAF requirements and to adopt and embed resolvability capability across the Group i.e. across multiple global businesses and functions in 10 different Legal Entities. This Programme must be able to achieve three main outcomes under the RAF:

  • Have adequate financial resources in resolution
  • Be able to continue doing business through resolution and restructuring
  • Be able to coordinate and communicate effectively internally and also with various regulatory authorities and markets

Role Description:

The Legal Entity BA is primarily accountable for supporting the development and delivery of RAF Programme deliverables for a specific Legal Entity in order to meet the BoE's RAF requirements. Produce meaningful documentation to support compliance with RAF requirements. Effective collaboration with businesses and functions will materially improve the ultimate delivery outcomes for the RAF Programme.

In addition, the BA role will hold most or all of these responsibilities:

  • Workstream analysis and support for SMEs where dedicated support is not available
  • Supporting the Legal Entity Project Manager to work with a broad range of stakeholders (internal and external), to translate requirements and advice into appropriate deliverables for completion within programme timelines
  • Supporting management of interdependencies with other senior members of global businesses, functions and legal entities in order to collaborate effectively and improve the delivery outcomes for the RAF Programme
  • Remediation co-ordination support between SMEs/workstream leads/PM
  • Governance and Working Group material co-ordination
  • PMO/Project Management support
  • Lead briefings for stakeholders within a Legal Entity
  • Leverage SME knowledge to support development and delivery towards Legal Entity milestones