Business Analyst - 3 Months Contract

We are seeking an experienced professional with a strong understanding of cost and revenue allocation practices within European and UK banking environments. The role involves designing, deploying, and overseeing frameworks that support transparent, robust, and regulation-compliant profitability and business model risk management.

Key Responsibilities

1. Design and Implementation of Cost and Revenue Allocation Frameworks
Provide industry-aligned practices for establishing and implementing a cost and revenue allocation framework for customers and products, including:

• Definition of key roles and responsibilities
• Design of governance structures and critical processes
• Implementation of ex-ante and ex-post controls and exception handling procedures

2. Methodology for Cost Measurement and Allocation
Develop and advise on options for:

• Measuring, monitoring, and reporting cost allocations
• Ensuring traceability between allocated costs and pricing
• Linking transaction-level cost data to profitability and economic analysis

3. Integration of IFRS 9 Parameters
Define methods to incorporate IFRS 9 parameters into:

• Pricing tools
• Economic profit models
• Multi-year horizon financial planning

4. Second Line of Defence (2LoD) Risk Oversight Definition
Clearly define the role of the 2LoD risk function in:

• Providing independent oversight over the Group-wide cost and revenue allocation framework
• Ensuring risk-aware decision-making
• Challenging 1LoD assumptions and controls

5. Stakeholder Engagement
Facilitate targeted workshops with:

• First Line of Defence (1LoD), including Finance and Business representatives
• Second Line of Defence (2LoD), including Financial Risk Management & Control (FRM&C) teams
  Purpose: to review and assess industry practice options and their applicability in the client's specific context

6. Oversight Activities
Support and perform oversight responsibilities related to:

• Implementation of business model risk and profitability frameworks
• Independent challenge and validation of allocation methodologies
• Review of controls and exception handling practices

• Deep familiarity with cost and revenue allocation frameworks in European and UK banking environments
• Strong understanding of applicable financial regulations (e.g., IFRS, EBA guidelines, PRA expectations)
• Proven experience in defining and implementing governance, controls, and oversight for profitability and cost allocation processes

Desirable Skills and Experience

• Knowledge of the client’s internal processes and systems
• Experience in facilitating multi-stakeholder workshops in complex financial environments