Business Analyst – Pensions Product - London Area, United Kingdom - Wipro

Description

Wipro is an exciting organization to work for. In our first year entering, we ranked as a "Top Employer" as part of the Top Employer Institute annual listings, and we were assessed on several key HR practices including People Strategy, Work Environment, Talent Acquisition, Learning and Development, Wellbeing and Diversity and Inclusion.

Banking and Financial Services is an area of strategic importance to Wipro, and we are poised to grow significantly in Europe enabling our customers with digital transformation, cloud adoption and other critical digital initiatives. As a trusted partner, we enable our customers adopt digital ways of working through IT and process transformations, increase agility and optimise cost through cloud adoption, automation and AI and drive effective data solutions.

We work closely with our strategic partner ecosystem to add value to our customers though innovation and maximising value of existing or planned investments and assets. We do this through our unique blend of outside –in transformation and inside out transformation underpinned by portfolio of digital services and domain capabilities.

Purpose of the role:

We are Insurance and Life Insurance subject matter expert and advice provision and understand the insurance business from an end to end perspective – relevant lines of business, insurance products, processes, data used, systems, applications and infrastructure – all of the relevant technology landscape – including any third party suppliers and providers that the business is dependent on provision of analytical and problem solving; think 'out of the box' for improvements.

Job Title: Business Analyst – Pensions Product (Charges)

Location: London, United Kingdom

Work Mode: Hybrid

Package: Competitive + Benefits

Start Date: ASAP

Permanent Role: Yes

Business Analyst duties

• Requirements and scope capture,
• Understanding and mapping of insurance processes, ways of working, value chain,
• Crafting of business requirements documents,
• Collection of data about an organisation's operations to improve its systems and processes,
• Process mapping the level required and agreed with the client – but so much so that these can be developed within the scope, time and budget agreed,
• Identifying problems and opportunities for change with the current business model, enabling processes, data and technology,
• Options development and recommendations to company management,
• Analysing the potential impact on the business of recommendations and creating business cases,
• Planning, developing and provision of impact analysis to technology- systems, infrastructure, applications, accelerators in line with customer needs, and solution imperatives,
• Provide support and enablement services to the business to help them develop business requirements and design (including mock-ups, wireframes, use cases, demos, mock data etc),
• Act as a customer proxy for the development team during the development cycle of specific products,
• Analyse new change needs, change requests, new requirements from third parties and customers/clients,
• Translate requirements into functional and non-functional (performance) specifications,
• Develop BRDs – and other business requirements documentation as necessary with process, data and system mapping at required levels and layers,
• Design and detail of user stories to a point where developers and technical teams can understand them, can develop them into their technical requirements through, conversations with the business, stakeholders and developers,
• Use development specifications to establish traceability from requirements to test cases,
• Designing potential solutions to problems and opportunities,
• Carrying out research and informing the design of the solution,
• Preparing and delivering report of findings to senior stakeholders and leadership,
• Managing risks, issues, with end to end impact assessment – mitigation.

Keys Skills or Experience

• Previous experience of working on Mandatory Change projects,
• Exposure to pensions products charging protocols, processes, regulations,
• Good knowledge on how UK pension works – especially the charging mechanism,
• Experience in the Heritage Pension Products (sold 20+ years ago) would be hugely advantageous,
• Experience dealing with multiple pension products and platforms,
• Experience working with large UK pension providers,
• Experience delivering large scale (multi-million) change delivery projects in Life and Pensions sector,
• Solide background in Regulatory Change,
• Numerical mindset to support client with charges and charging mechanism,
• Understanding of Consumer Duty i.e: "Price and Value" pillar.

NICE TO HAVE REQUIREMENTS:

Heritage Pension Products, Pension Products and platforms, UK pension providers, Experience delivering large scale (multi-million) change delivery projects in Life and Pensions sector.

BENEFITS:

As the successful applicant you will receive a competitive salary, a generous benefits package and training & development in areas to help you improve.

EQUAL OPPORTUNITIES:

Wipro is an Equal Employment Opportunity employer and makes all employment and employment-related decisions without regard to a person's race, sex, national origin, ancestry, disability, sexual orientation, or any other status protected by applicable law.