eFinancialCareers

• Company

  MC Partners Ltd.

• Location

  UK-London

• Compensation

  £65,000 - £85,000

• Position Type

  Permanent

• Employment type

  Full time

• Updated

  24 Nov 2009

• eFC Ref no

  577307

The Finance IT department serves the Finance and Product Control business functions across the organisation. It has a significant presence in all major sites and comprises and is responsible for the development and support of several high profile strategic systems and programmes of work.

One of the major programmes underway is to implement a new Accounting Rules Engine based on the third party vendor product, Microgen Accounting Hub (MAH). The Accounting Rules Engine forms a core part of the strategic global financial architecture. The bank has chosen to move to a front-office driven accounting, a move away from the existing back-office driven accounting process, resulting in traceability and less reconciliation issues with the front office systems.

The project is currently implementing its first workstream into the Structured Funds business area. Additional workstreams will be started up later this year and into 2010 (and beyond) to cover other business areas including, Equity Derivatives, FX and FX Options, Equity Finance, etc. The focus over the next 12 months will initially be on the UK business but will eventually cover Hong Kong and US.

Responsibilities:

The Business Analyst will be part of a Microgen Accounting Rules Engine project team and will have the following responsibilities:

For data sourcing:

• Analysis of front-office trading and back-office systems from a data sourcing perspective to ensure attribute coverage to drive accounting.
• Managing a team of dedicated Business Analysts
• Data sourcing functional design for processing the incoming data feeds.
• Data mapping/translation from source system feeds (which will include XML and CSV formats) to Microgen Accounting Hub data structures.
• Use of Microgen Aptitude Studio to configure the data mappings/translations.
• Work closely with the business accounting rules team to understand the data and events that are required from data sourcing to drive the accounting process.
• Carry out unit testing and support subsequent project test phases.
• Eventually to take a lead in running a workstream within the project.

For downstream feeds:

• Analysis of downstream system feed requirements both from a data attribute perspective and functional behaviours.
• Downstream extract functional design for producing the required feeds. This design to be in sufficient detail for the Microgen consultants to take on to configure MAH.
• Data mapping/translation from Microgen Accounting Hub data structures to downstream feed formats.
• Use of Microgen Aptitude Studio to configure the data mappings/translations.
• Carry out unit testing and support subsequent project test phases.

To achieve the above, the business analyst will be required to liaise and co-ordinate with the various up and downstream IT and Business teams.

It is important to note that due to the nature of the vendor product, the Business Analyst will be expected to carry out actual configuration of the product for the data sourcing and downstream feeds. Training on the use of MAH and Aptitude will be provided.

The candidate:

• Must have either accounting rules engine experience or experience of having worked on the implementation of a general/sub ledger.
• Must possess full project lifecycle experience
• Must have financial services experience in addition to the above requirements