Senior Functional Analyst (IFRS 9)
agad-technology · Brussels, Brussels, Belgium ·
- Seniority
- Senior
- Category
- Business analysis
- Experience
- 10+ years
Senior Functional Analyst leads IFRS 9 migration for a financial institution, analyzing processes, redesigning credit risk workflows, and guiding data/platform migrations with stakeholders.
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.