Senior Functional Analyst (IFRS 9)

We are looking for an experienced Functional Analyst with strong IFRS 9 expertise to support a large-scale IFRS 9 migration programme within a leading financial institution. The role involves analysing and redesigning processes, supporting the migration of IFRS 9 data and calculation platforms, and acting as a key contributor throughout the implementation lifecycle.

Key Responsibilities

• Lead functional analysis activities within the IFRS 9 migration programme.
• Analyse and document business requirements related to IFRS 9, credit risk and Expected Credit Loss (ECL) calculations.
• Support the migration from legacy IFRS 9 platforms to a new target solution.
• Perform data analysis and data mapping between source and target environments.
• Translate business requirements into functional specifications and support technical design activities.
• Collaborate with business stakeholders, risk teams, finance teams and IT delivery teams.
• Work closely with software vendors and external consulting partners involved in the IFRS 9 solution landscape.
• Identify gaps, risks and dependencies within migration activities and recommend solutions.
• Support testing activities, including functional testing, integration testing and data validation.
• Provide guidance and leadership to less experienced analysts and project team members.
• Contribute to project planning, governance and implementation activities.

Requirements

Required Experience

• Minimum 10–15 years of experience as a Functional Analyst, Business Analyst or similar role within financial services.
• Proven experience working on IFRS 9 implementations, migrations or enhancements.
• Strong understanding of:
• IFRS 9 regulations and reporting requirements
• Expected Credit Loss (ECL) methodologies
• Credit risk management processes
• Banking data models and financial products
• Experience with large-scale transformation or migration projects in banking.
• Ability to work in complex stakeholder environments and drive requirements discussions.
• Demonstrated capability to lead workshops and provide direction within multidisciplinary teams.

Preferred Qualifications

• Experience with IFRS 9 calculation engines or vendor solutions used for ECL calculations.
• Knowledge of regulatory reporting and risk management frameworks within banking.
• Familiarity with data migration and data quality initiatives.
• Experience working in Agile delivery environments.
• Understanding of finance, accounting and risk domains within financial institutions.