Business Analyst – Reconciliations & Platform Transformation

Business Analyst – Reconciliations & Platform Transformation (Wealth Management)

London (Hybrid) x3 Days on-site

£600-£650

emagine is a high-end professional services consultancy and solutions firm Specialising in providing business and technology services to the financial services sector, we power progress, solve challenges and deliver real results through tailored high-end consulting services and solutions.

We have created a culture of openness and integrity by building genuine and strong relationships and partnerships, enabling us to be uncompromising in our dedication in delivering the optimal service for our clients. Our commitment is not just towards our clients but we aim to foster a positive and equitable working environment with our consultants and colleagues which stems from our core values: Confident, Dedicated, Responsible, Genuine.

We are seeking an experienced Business Analyst with a strong background in reconciliations, core banking platforms, and financial operations to support a strategic transformation programme within a Wealth Management and Private Banking environment.

The role will play a key part in the design, migration, and implementation of future-state reconciliation capabilities as the organisation consolidates payment processing, Nostro account management, and reconciliation activities onto the Avaloq platform.

Working across Operations, Finance, Technology, Payments, and Change teams, the Business Analyst will be responsible for analysing current-state reconciliation processes, defining future-state operating models, and ensuring reconciliation requirements are successfully delivered throughout the migration lifecycle.

This is a highly collaborative role requiring strong stakeholder management, process analysis, and the ability to translate complex operational and technical requirements into actionable deliverables.

The role:

·       Partner with Operations, Finance, Payments, and Technology teams to define, document, and deliver reconciliation requirements across a major Avaloq transformation programme.

·       Capture and document current-state reconciliation processes and supporting controls across payment operations, cash management, and banking services.

·       Define future-state reconciliation processes within Avaloq, ensuring scalability, standardisation, and alignment with the target operating model.

·       Analyse reconciliation workflows across payments processing, Nostro account activity, and agent bank interactions.

·       Produce detailed AS-IS and TO-BE process maps, business requirements, and functional specifications.

·       Define reconciliation logic, matching rules, exception handling processes, and data mapping requirements.

·       Support the migration of reconciliation activities from legacy reconciliation platforms into Avaloq.

·       Work closely with Technology teams to source, validate, and reconcile data extracts, ensuring completeness, accuracy, and integrity throughout the migration process.

·       Identify gaps, risks, dependencies, and control weaknesses across reconciliation processes and recommend appropriate remediation actions.

·       Ensure pre-migration, migration, and post-migration balances reconcile accurately across systems and operational processes.

·       Facilitate stakeholder workshops, requirements sessions, and design reviews to drive consensus and decision-making.

·       Support testing, validation, implementation, and go-live activities, including reconciliation sign-off and defect resolution.

·       Prepare management information, status reporting, and governance updates for programme leadership and senior stakeholders.

Key Skills and Experience:

To succeed in this role you will need:

·       Proven experience as a Business Analyst delivering reconciliation-focused change within Wealth Management, Private Banking, Custody, Securities Services, or Financial Services environments.

·       Strong understanding of financial reconciliations, control frameworks, exception management, and operational risk processes.

·       Experience working with reconciliation platforms such as IntelliMatch or similar enterprise reconciliation solutions.

·       Hands-on exposure to Avaloq, particularly within payments, cash management, operations, or reconciliation domains.

·       Strong knowledge of payments processing, including domestic and international payment flows, agent bank relationships, and Nostro account reconciliations.

·       Experience defining reconciliation logic, matching rules, data lineage, and reconciliation reporting requirements.

·       Demonstrable experience producing business requirements, process maps, functional specifications, and operating model documentation.

·       Strong data analysis and validation skills, including reconciliation of large and complex datasets.

·       Experience supporting platform migrations, operational transformation programmes, or large-scale core banking implementations.

·       Ability to manage and influence stakeholders across Operations, Finance, Technology, Risk, and Change functions.

·       Strong workshop facilitation, communication, and documentation skills.

·       Experience supporting testing phases, migration rehearsals, cutover activities, and production go-live events.

·       Familiarity with Wealth Management products and services including investments, custody, trusts, portfolios, treasury products, and cash management services.

·       Advanced Microsoft Excel and PowerPoint skills, with the ability to present complex information clearly to both technical and non-technical audiences.

Our people 

The ideal consultants will share our values and be aligned with our ways of working and as your career progresses, you can expect to work across all areas of the project lifecycle, from strategy to implementation. This will provide you with a broad base of experience from which to build an outstanding career.

The ideal consultants will share our values and be aligned with our ways of working and as your career progresses, you can expect to work across all areas of the project lifecycle.

We pride ourselves on;

• Providing our people with a supportive culture, rooted in our values and driven by our purpose.

• Promoting a culture of inclusion, collaboration, well-being, and learning and development.

• Providing increased agility and flexibility within our hybrid working model

• Investing in employees’ growth through ongoing training and development

• Autonomy to take ownership of projects, making decisions and demonstrating individual expertise

• Providing an transparent performance and career management experience.

Our consultants are integral to delivering successful consulting engagements, addressing our clients’ most pressing business challenges, and build lasting value in disciplines such as:

• Solve sophisticated, ambiguous business, change and technology problems, bringing structure and meticulous analysis and planning, acting, and taking decisions with little strategic direction

• Build, develop and sustain trusted senior client relationships in the C-suite by remaining highly attuned to client needs

• Drive, enable and support the business, partnering with our leaders, clients, and consultants across our practices to take the best of emagine to our clients through opportunity identification/qualification, solution development/presentation

Interested?

At emagine, we are committed to building an international and diverse team by embracing our different backgrounds.

If you are up to the challenge and would like to find out more, get in touch with us immediately, our internal recruitment team is always keen to hear from dynamic individuals that are looking to further their career and explore their full potential. 

“emagine is an equal opportunity employer, and employment practices are based strictly on merit. It is the policy of the Company to give equal opportunity in employment regardless of sex, sexual orientation, marital status, race, age, disability, gender reassignment, pregnancy and maternity, religion or ethnic origin”