Regulatory Business Analyst

First Derivative is driven by people, data, and technology, unlocking the value of insight, hindsight, and foresight to drive organizations forward. Counting many of the world's leading investment banks as clients, we help our clients navigate the data-driven, digital revolution that is transforming the financial services sector. Our global teams span across 15 offices serving clients across EMEA, North America and APAC.

As an EPAM Systems, Inc. (NYSE: EPAM) company, a leading global provider of digital platform engineering and development services, we deliver advanced financial services solutions by empowering operational insights, driving innovation, and enabling more effective risk management in an increasingly data-centric world. Together with EPAM, we combine deep industry expertise with cutting-edge technology to help clients stay ahead in a rapidly evolving financial landscape, offering comprehensive solutions that drive business transformation and sustainable growth.

We are seeking an experienced Regulatory Business Analyst with strong Axiom SL expertise to support regulatory reporting initiatives. The successful candidate will act as a bridge between regulatory interpretation, data sourcing, and technical implementation, working closely with Regulatory Reporting, Finance, Risk, IT, and external stakeholders.

Responsibilities

• Analyze and interpret regulatory requirements (e.g., Basel III/IV, COREP, FINREP, LCR, NSFR, Leverage Ratio, Large Exposures) and translate them into clear business and functional requirements
• Lead or support the implementation and enhancement of regulatory reporting solutions using Axiom SL
• Produce detailed business requirement documents (BRDs), functional specifications, data mapping documents, and regulatory rule interpretations
• Partner with data, technology, and Axiom developers to design, configure, and validate Axiom SL rules, mappings, and calculations
• Perform impact assessments for new or changing regulations and assess implications on existing Axiom SL frameworks and data models
• Support UAT, parallel runs, reconciliations, and defect resolution for regulatory submissions
• Ensure data lineage, traceability, and documentation meet internal governance and regulatory expectations
• Liaise with Regulatory Reporting, Risk, Finance, and Compliance teams to resolve interpretation or data issues
• Support regulatory audits, internal reviews, and supervisory inquiries
• Mentor junior analysts and contribute to best practices and process improvements

Requirements

• 7+ years of experience as a Business Analyst within Regulatory Reporting in financial services
• Hands-on experience with Axiom SL, including rule configuration, data mapping, and reporting frameworks
• Strong understanding of regulatory reporting concepts and frameworks (e.g., Basel, COREP/FINREP, PRA/EBA/ECB reporting)
• Proven experience translating regulatory text into implementable business and functional requirements
• Strong data analysis skills; experience working with large, complex datasets
• Solid understanding of end-to-end regulatory reporting processes and controls
• Experience working in Agile and/or Waterfall delivery environments
• Excellent stakeholder management and communication skills

Nice to have

• Experience with multiple regulatory regimes
• SQL or data querying experience
• Background in Risk, Finance, or Capital Management
• Experience supporting regulatory change initiatives or remediation programs

We offer

• Private Healthcare Package
• Pension
• Employee Assistance Programme
• Enhanced Maternity policy
• Group Life Protection Benefit
• Give as You Earn
• Cycle to Work Scheme
• Employee Referral Bonus Scheme
• Diversity Networks
• Access to a range of skills and certifications