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Business Analyst - Pensions Product

Employer
Wipro Limited
Location
Farringdon, Central London, United Kingdom
Salary
Competitive Salary
Closing date
Apr 22, 2024

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Job Role
Business Analyst
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Business Analyst - Pensions Product

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.

ROLE PURPOSE

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.

This project is related to TPR General Code of Practice (GCoP) which will come into force on 27/03/2024 and will oversee all pension contributions that are received from Employees and Employers (EE & ER).

KEY 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,
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),
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, SKILLS & EXPERIENCE
Standard Snr BA experience plus deep Pensions Products experience i.e. not pension systems.
Experience of 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).
Highly experienced in dealing with multiple pension products and platforms.
Previous experience working with large UK pension providers.
Experienced in delivering large scale (multi-million) change delivery projects in Life and Pensions sector.
Regulatory change experience highly required.
Highly numerical as this project will be looking at charges and charging mechanism.
Experience in Consumer Duty "Price and Value" pillar. 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.

Life Insurance

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