Business Analyst(Solvency II Analyst)

Role Overview

We are seeking an experienced Business Analyst to join our Risk & Capital Management IT team supporting our leading European insurance/financial services clients. In this role, you will bridge the gap between risk modelers, actuarial teams, ALM/finance stakeholders, and software engineering squads. You will translate complex economic capital methodology, Solvency II/internal model requirements, and risk calculations into clear functional specifications and technical user stories.

Key Responsibilities

• Requirement Engineering: Elicit, analyze, and document functional requirements for economic capital modelling, risk aggregation (market, credit, operational, and insurance risks), and stress-testing workflows.
• Actuarial/Risk Alignment: Partner closely with Actuarial, Risk Modelling, and Finance teams to understand mathematical and cash flow modelling methodologies, bridging business logic with IT implementation.
• System Specification: Author detailed User Stories, Acceptance Criteria, process flow diagrams, and data mapping specifications in Jira/Confluence.
• Data Mapping: Define input/output data dictionaries, data validation rules, and integration pipelines between upstream policy/portfolio systems and downstream reporting platforms.
• Testing: Design functional test cases, conduct User Acceptance Testing (UAT) alongside business users, and perform model validation testing.
• Change Management: Analyze impact assessments for regulatory updates or internal methodology changes, supporting incident analysis for core batch calculation runs.

Qualifications & Competencies

• Experience: 5+ years of Business Analysis experience in Financial Services, specifically within Insurance, Investment Banking, or Risk Management IT.
• Domain Expertise: Strong functional grasp of Economic Capital, Solvency II, Asset & Liability Management, or Financial Risk.
• Analytical Tools: Advanced data manipulation skills (SQL, intermediate Excel/Python for data validation).
• Agile/Delivery Frameworks: Proven track record working in Scrum/SAFe environments managing backlogs and sprint ceremonies.
• Communication: Exceptional stakeholder management skills with the ability to articulate complex financial/actuarial concepts to technical engineering teams. Experience working directly with European clients will be an added advantage.