Regulatory Business Analyst/Functional QA

About This Role 6 years of experience Skills: Regulatory BA, Trade Reporting, MiFID II, EMIR, ASIC, CFTC, Requirements Gathering, User Stories, UAT, SQL, Data Validation, Reconciliation Testing, Agile, JIRA / Confluence, Stakeholder Management, Capital Markets About the Role We are looking for a Regulatory Business Analyst with 6+ years of experience in trade reporting and capital markets with solid testing knowledge to join our regulatory technology delivery team. You will own the end-to-end business analysis lifecycle for trade reporting programmes eliciting and documenting regulatory requirements, translating them into clear functional specifications, and supporting testing and validation activities to ensure delivered solutions meet regulatory accuracy, completeness, and audit standards. This is a dual-skilled role requiring strong BA capabilities combined with hands-on testing experience making you equally effective in requirements workshops and UAT execution, data validation, and defect management. What We're Looking For 6+ years of experience in business analysis with a strong focus on trade reporting and regulatory compliance in capital markets or financial services. Deep knowledge of trade reporting regulatory frameworks MiFID II, EMIR, ASIC Derivative Transaction Rules, CFTC, or equivalent including field-level reporting requirements, validation rules, and submission standards. Strong capital markets domain knowledge OTC derivatives, FX, fixed income, equities, and repos covering trade lifecycle, product characteristics, and reporting obligations. Solid testing skills functional test case design, UAT coordination, data validation, and defect management applied to regulatory trade reporting systems. Advanced SQL skills writing complex queries for data validation, reconciliation, and field-level trade report verification across Oracle, SQL Server, or PostgreSQL. Proven requirements documentation skills BRDs, user stories, data mapping documents, process maps, and acceptance criteria for trade reporting technology programmes. Experience managing regulatory change impact assessments analysing regulatory updates and defining functional changes required across trade reporting systems. Strong stakeholder management skills engaging compliance, legal, risk, operations, and technology stakeholders with confidence and regulatory credibility. Agile delivery experience contributing as an embedded BA in Agile sprint teams using Jira and Confluence. Excellent written and verbal communication skills producing clear, accurate, and audit-quality regulatory documentation. Nice to Have Experience with trade reporting platforms DTCC GTR, REGIS-TR, UnaVista, RADAR, or equivalent trade repositories. Familiarity with regulatory reporting schemas ESMA EMIR Refit, ASIC RG 251, CFTC Part 45 including XML / JSON field validation. Knowledge of LEI, UTI, and UPI trade identifier validation and regulatory reporting implications. Exposure to Calypso, Murex, or equivalent capital markets platforms understanding trade data extraction and reporting workflows. Understanding of BCBS 239 / RDARR principles data quality, lineage, and traceability in regulatory reporting. CBAP / CCBA Business Analysis certification. ISTQB Foundation Testing certification. Experience with Australian regulatory reporting ASIC Derivative Transaction Rules, APRA prudential reporting. Familiarity with data quality frameworks completeness, accuracy, timeliness, and consistency applied to trade reporting validation. Key Responsibilities Regulatory Business Analysis Lead requirements elicitation and analysis for trade reporting programmes engaging compliance, legal, risk, technology, and operations stakeholders to define clear, unambiguous functional and data requirements. Translate complex regulatory obligations MiFID II, EMIR, ASIC Derivative Transaction Rules, CFTC, or equivalent into well-structured user stories, BRDs, functional specifications, data mapping documents, and acceptance criteria. Conduct regulatory change impact assessments analysing updated technical standards, schema changes, and rule amendments to define the functional and data changes required across trade reporting systems. Map current-state (AS-IS) trade reporting processes and design future-state (TO-BE) workflows identifying gaps, inefficiencies, and compliance risks that delivery must address. Maintain requirements traceability managing RTMs to ensure all regulatory requirements are addressed through design, configuration, testing, and sign-off activities. Define data mapping and transformation logic documenting field-level mapping rules, validation logic, and derivation rules for trade report population across all reportable instrument types. Contribute to regulatory submission governance supporting sign-off activities with clear requirements traceability, test evidence, and functional .