Role Summary
The Business Analyst in the First Line Assurance (FLA) department will play a critical role in supporting the implementation and enhancement of risk management frameworks within a regulated financial services environment. The primary focus of the FLA is to ensure that all business activities adhere to regulatory standards, internal policies, and best practices.
Responsibilities
Collaborate closely with stakeholders across the firm, including first line functions, senior management, operational, risk and compliance functions, to gather data, identify core issues from a control and assurance perspective.
Act as a business partner to ensure front‑line team members are aware of and adhere to the Firm’s policies and procedures.
Implement change driven by process and efficiency needs, RMPs or Dear CEO letters.
Monitor for breaches of policies and procedures and provide training where necessary.
Adjudicate on front line approval requests; assist with the Product Governance process and key strategic initiatives and other project‑based work.
Analyze data to identify trends and provide insights into emerging risks and trends.
Act as liaison between FLA and other departments to align risk management practices.
Identify opportunities for process improvement, risk mitigation, and automation.
Prepare management reports and maintain accurate records of assurance policies and procedures.
Assist in developing and delivering training programs and provide guidance on compliance and risk‑related matters.
Standards and Responsibilities
Act with honesty and integrity.
Act with due skill, care and diligence.
Co‑operate in good faith and without delay with the Central Bank of Ireland.
Act in the best interest of customers and treat them fairly and professionally.
Operate in compliance with standards of market conduct and trading venue rules.
Skills & Competencies
Can do" attitude towards change.
Experienced at analysing complex data and processes; ability to identify key risks and trends.
Excellent written and verbal communication skills, with ability to present findings and recommendations clearly to stakeholders.
Proven ability to build strong relationships with stakeholders at all levels.
Assertive with the ability to express opinions concisely, tactfully and persuasively to influence at all levels.
Uses experience, knowledge and judgement to influence and deliver on objectives.
Problem‑solving, critical thinking and development of practical solutions.
Strong organisational skills and ability to manage multiple projects and priorities simultaneously.
In‑depth understanding of financial services regulations in Ireland, particularly risk management and compliance.
Requirements
3‑5 years of relevant financial services industry experience.
Strong understanding of the financial services industry in Ireland, including key regulatory bodies and relevant regulations (e.g., MiFID II, AML).
Experience of data analysis and associated methods.
Understanding of Financial Risk Management.
Proven people, diplomatic and prioritisation skills.
Strong organisational and communication skills, both oral and written.
Experience in risk management, compliance, or internal audit highly desirable.
Relevant certifications in risk management, business analysis, or financial services compliance preferred.
Proficiency in Microsoft Office Suite (Excel, PowerPoint, Word) and knowledge of databases.
Bachelor’s degree in Finance, Business Administration, Economics, or a relevant professional qualification (CFA, ICA) is an advantage.
Designation
This role is a CF‑2 designation under the Central Bank’s Fitness & Probity Standards. CF‑2 – Ensuring, controlling, or monitoring compliance by a regulated financial service provider with its relevant obligations.
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