Cognizant
Senior Consultant - Regulatory Reporting Business Analyst
Cognizant, Teaneck, New Jersey, United States,
Regulatory Reporting Business Analyst
Banking & Financial Services Consulting
Location: St. Petersburg, Florida.
ABOUT US
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating, and technology models for the digital era. Our unique industry-based, consultative approach helps clients envision, build, and run more innovative and efficient businesses. Headquartered in the U.S., Learn how Cognizant helps clients lead with digital at www.cognizant.com.
COGNIZANT CONSULTING
Within Cognizant is Cognizant Consulting, a global consulting organization delivering strategic and domain consulting through industry and technology expertise. With over 6,000 consultants worldwide, Cognizant offers high-value consulting services that improve business performance and operational productivity, lower operational expenses and enhance overall performance. Clients draw upon our deep industry expertise, program and change management capabilities, and analytical objectivity to help improve business productivity, drive technology-enabled business transformation and increase shareholder value. We provide a number of Business/IT Consulting Services including Business Strategy, IT Strategy & Roadmap Development, Process Re-Engineering & Transformation, Enterprise Architecture & Technology Selection, and Domain Solutions. The Cognizant Consulting team is a high performing organization that is continually expanding our client base and increasingly being recommended by analysts such as Forrester and Gartner. And we’re growing!
The Role
We are looking for a highly skilled and detail-oriented Regulatory Reporting IT Business System Analyst to join our team. The successful candidate will be responsible for ensuring compliance with financial regulations by managing and analyzing data using Adenza Controller View. This role involves working closely with IT and business departments to standardize financial statement preparations and presentations, ensuring data integrity and control, and providing timely and accurate submissions.
We’re looking for
Senior Consultants
who can deliver within Cognizant’s Five Pillars of Consulting Excellence: 1) Project Execution, 2) Expertise, 3) Business Development, 4) Practice Development, & 5) People Development. As a Senior Consultant, this means partnering with clients and project stakeholders, colleagues to clarify requirements and support delivery of effective solutions; applying technical and domain expertise to solve core client business challenges or inefficiencies; developing and strengthening domain knowledge and maintaining an accurate understanding of Cognizant’s industry propositions and consulting capabilities; supporting business development activities of senior leaders; contributing to the development of practice initiatives or new service offerings (e.g., Strategic Control Points, development of consulting assets); and being an inspiring colleague, promoting team motivation, partnership, and ownership for projects. In addition to enabling consulting excellence through the Five Pillars of Consulting, the specific requirements for this position are below.
Our solutions are in demand and we’re passionate about making a difference. If you have experience with the above, are a selfless leader, and are committed to client-facing environment; if you want to grow your career with a team that wants to build something great together, we want to hear from you! Apply now!
Responsibilities
Manage and analyze data to ensure compliance with financial regulations. This involves working with the Adenza Controller view platform to manage data integrity and control.
Participating in gap analyses and reviewing deliverables. Leading interviews, workshops, and questionnaires to engage with different data source owner
Collaborate with IT and business departments to gather and analyze data for regulatory reporting
Developing functional documentation for assigned exposure types, including process flows, user guides, and training materials. Assisting in developing expected results based on the methodology per exposure type
Provide recommendations for improving data quality and integrity.
Defining logical source to target data transformation rules and data quality rules by working closely with the technology leads and subject matter experts. Stay updated with changes in financial regulations and ensure compliance.
Assist in the design and implementation of system enhancements and upgrades.
Participate in client engagement (projects, discussions) and own all business analysis responsibility from a domain/business point of view.
Collaborate with cross-functional teams to achieve project milestones.
Assist in the solution of production problem/incidents within SLAs.
Develop practice capabilities and brand recognition by exercising thought leadership, establishing a consultative presence within Cognizant and the wider consulting community, and participating in professional organizations;
Participate in PeopleCare activities; Mentor and support less experienced Consultants for the benefit of the practice.
Qualifications
Minimum of 10 years working in technology, consulting, professional services, or solution development within the Banking & Financial Services Consulting Services
Minimum 7 years of experience in hands-on business analysis experience (requirements gathering, data analysis) and preparation of FRD (Functional Requirement Documents) / BRD (Business Requirement Documents).
Bachelor’s degree in finance, Accounting, Business, Information Technology, or a related field.
Skilled with Adenza ControllerView, and experience mapping new data in, configuring regulatory reports
Executing and validating the reports during daily, monthly, and quarterly cycles.
Good knowledge of Capital Markets, Risk (Credit Risk, Financial Risk), and Regulatory reporting.
Understanding of financial regulations such as FRY 9C, FRY 14Q/M/A,Liquidity Risk Reporting (FR 2052a), Basel III (EAD, PD, LGD), RWA, SCCL, CCAR / FR 2590 reporting, and monitoring requirements
Sound understanding of financial instruments, reference data domains, source to destination data mapping.
Experience working in agile projects, using Jira, creating user stories, and overall knowledge of the agile framework
Experience in data ingestion, data transformation/enhancement, data lineage.
Excellent analytical and problem-solving skills, strong attention to detail and accuracy.
Ability to work independently and as part of a team.
Excellent communication and interpersonal skills.
Proven expertise in resolving minor conflicts and issues before escalation.
Experience with ETL processes and tools.
Personal leadership and a desire to create a culture that enables exceptional outcomes
The embodiment of Cognizant’s Core Values of: Work as one, Raise the bar, Dare to innovate, Do the right thing, Own it
Work Authorization
Cognizant will only consider applicants for this position who are legally authorized to work in the United States without company sponsorship (H-1B, L-1B, L-1A, etc.)
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Banking & Financial Services Consulting
Location: St. Petersburg, Florida.
ABOUT US
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating, and technology models for the digital era. Our unique industry-based, consultative approach helps clients envision, build, and run more innovative and efficient businesses. Headquartered in the U.S., Learn how Cognizant helps clients lead with digital at www.cognizant.com.
COGNIZANT CONSULTING
Within Cognizant is Cognizant Consulting, a global consulting organization delivering strategic and domain consulting through industry and technology expertise. With over 6,000 consultants worldwide, Cognizant offers high-value consulting services that improve business performance and operational productivity, lower operational expenses and enhance overall performance. Clients draw upon our deep industry expertise, program and change management capabilities, and analytical objectivity to help improve business productivity, drive technology-enabled business transformation and increase shareholder value. We provide a number of Business/IT Consulting Services including Business Strategy, IT Strategy & Roadmap Development, Process Re-Engineering & Transformation, Enterprise Architecture & Technology Selection, and Domain Solutions. The Cognizant Consulting team is a high performing organization that is continually expanding our client base and increasingly being recommended by analysts such as Forrester and Gartner. And we’re growing!
The Role
We are looking for a highly skilled and detail-oriented Regulatory Reporting IT Business System Analyst to join our team. The successful candidate will be responsible for ensuring compliance with financial regulations by managing and analyzing data using Adenza Controller View. This role involves working closely with IT and business departments to standardize financial statement preparations and presentations, ensuring data integrity and control, and providing timely and accurate submissions.
We’re looking for
Senior Consultants
who can deliver within Cognizant’s Five Pillars of Consulting Excellence: 1) Project Execution, 2) Expertise, 3) Business Development, 4) Practice Development, & 5) People Development. As a Senior Consultant, this means partnering with clients and project stakeholders, colleagues to clarify requirements and support delivery of effective solutions; applying technical and domain expertise to solve core client business challenges or inefficiencies; developing and strengthening domain knowledge and maintaining an accurate understanding of Cognizant’s industry propositions and consulting capabilities; supporting business development activities of senior leaders; contributing to the development of practice initiatives or new service offerings (e.g., Strategic Control Points, development of consulting assets); and being an inspiring colleague, promoting team motivation, partnership, and ownership for projects. In addition to enabling consulting excellence through the Five Pillars of Consulting, the specific requirements for this position are below.
Our solutions are in demand and we’re passionate about making a difference. If you have experience with the above, are a selfless leader, and are committed to client-facing environment; if you want to grow your career with a team that wants to build something great together, we want to hear from you! Apply now!
Responsibilities
Manage and analyze data to ensure compliance with financial regulations. This involves working with the Adenza Controller view platform to manage data integrity and control.
Participating in gap analyses and reviewing deliverables. Leading interviews, workshops, and questionnaires to engage with different data source owner
Collaborate with IT and business departments to gather and analyze data for regulatory reporting
Developing functional documentation for assigned exposure types, including process flows, user guides, and training materials. Assisting in developing expected results based on the methodology per exposure type
Provide recommendations for improving data quality and integrity.
Defining logical source to target data transformation rules and data quality rules by working closely with the technology leads and subject matter experts. Stay updated with changes in financial regulations and ensure compliance.
Assist in the design and implementation of system enhancements and upgrades.
Participate in client engagement (projects, discussions) and own all business analysis responsibility from a domain/business point of view.
Collaborate with cross-functional teams to achieve project milestones.
Assist in the solution of production problem/incidents within SLAs.
Develop practice capabilities and brand recognition by exercising thought leadership, establishing a consultative presence within Cognizant and the wider consulting community, and participating in professional organizations;
Participate in PeopleCare activities; Mentor and support less experienced Consultants for the benefit of the practice.
Qualifications
Minimum of 10 years working in technology, consulting, professional services, or solution development within the Banking & Financial Services Consulting Services
Minimum 7 years of experience in hands-on business analysis experience (requirements gathering, data analysis) and preparation of FRD (Functional Requirement Documents) / BRD (Business Requirement Documents).
Bachelor’s degree in finance, Accounting, Business, Information Technology, or a related field.
Skilled with Adenza ControllerView, and experience mapping new data in, configuring regulatory reports
Executing and validating the reports during daily, monthly, and quarterly cycles.
Good knowledge of Capital Markets, Risk (Credit Risk, Financial Risk), and Regulatory reporting.
Understanding of financial regulations such as FRY 9C, FRY 14Q/M/A,Liquidity Risk Reporting (FR 2052a), Basel III (EAD, PD, LGD), RWA, SCCL, CCAR / FR 2590 reporting, and monitoring requirements
Sound understanding of financial instruments, reference data domains, source to destination data mapping.
Experience working in agile projects, using Jira, creating user stories, and overall knowledge of the agile framework
Experience in data ingestion, data transformation/enhancement, data lineage.
Excellent analytical and problem-solving skills, strong attention to detail and accuracy.
Ability to work independently and as part of a team.
Excellent communication and interpersonal skills.
Proven expertise in resolving minor conflicts and issues before escalation.
Experience with ETL processes and tools.
Personal leadership and a desire to create a culture that enables exceptional outcomes
The embodiment of Cognizant’s Core Values of: Work as one, Raise the bar, Dare to innovate, Do the right thing, Own it
Work Authorization
Cognizant will only consider applicants for this position who are legally authorized to work in the United States without company sponsorship (H-1B, L-1B, L-1A, etc.)
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