Business Analyst - Insurance (Financial Crime)

TN United Kingdom; London; On-site; GBP 40,000 - 80,000; Full time

Job description

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Business Analyst - Insurance (Financial Crime), London

Client:

Wipro

Location:

London, United Kingdom

Job Category:

Other

EU work permit required:

Yes

Job Reference:

Job Views:

3

Posted:

18.04.2025

Expiry Date:

02.06.2025

Job Description:

BUSINESS ANALYST - INSURANCE (Financial Crime) Introduction: Wipro is looking for a Business Analyst – Insurance (Financial Crime) with previous experience of working in the Insurance industry on a financial crime project.

The Company: Wipro is a well-led organisation where innovation is our differentiator. We ranked as a “Top Employer” as part of the Top Employer Institute 2024 annual listings. We were assessed on several key HR practices including Diversity and Inclusion and Gender. This is accompanied by achieving solid business growth in the last ten quarters against a backdrop of high inflation and geopolitical turmoil.

As a Business Analyst – Insurance (Financial Crime) you will be a part of Wipro Domain & Consulting Business Line. At D&C, we are not only the best at execution, but we also act as a proactive force of change, a true partner in our clients’ transformation journey.

As a Business Analyst – Insurance (Financial Crime) you will be a part of the Insurance Practice where we help insurance companies transform the way they do business through digital powered customer experience & analytics/cognition enabled business transformation.

Purpose of the Role: As the successful Business Analyst – Insurance (Financial Crime), you will support our client with their efforts to improve the safeguarding from all financial crime aspects.

Your Responsibilities:

1. Gathering requirements and scope capture
2. Understanding and mapping of the insurance processes, ways of working, value chain
3. Collection of data about an organisation’s operations to improve its systems and processes
4. Process mapping as agreed with the client
5. Identifying problems and opportunities for change with the current business model
6. Options development and recommendations to company management
7. Analysing the potential impact on the business of recommendations and creating business cases
8. Planning, developing and provision of impact analysis to technology- systems, infrastructure, applications, accelerators in line with customer needs
9. Providing support and enablement services to the business to help them develop business requirements and design
10. Acting as a customer proxy for the development team during the development cycle of specific products
11. Analysing new change needs, change requests, new requirements from third parties and customers/clients
12. Translating requirements into functional and non-functional (performance) specifications
13. Developing BRDs – and other business requirements documentation as necessary
14. Design and detail of user stories
15. Use development specifications to establish traceability from requirements to test cases
16. Designing potential solutions to problems and opportunities
17. Carrying out research and informing the design of the solution
18. Preparing and delivering report of findings to senior stakeholders and leadership
19. Managing risks, issues, with end-to-end impact assessment – mitigation

Mandatory Skills/Experience:

1. Previous experience as a Business Analyst in an Insurance company is preferable or in the financial services industry
2. Should have worked on a financial crime project in areas such as Anti Money Laundering, Fraud and KYC
3. Understanding of insurance processes, ways of working, value chain etc would be an added advantage
4. Excellent written and oral communication
5. Facilitation skills and able to plan and conduct workshops
6. Good senior stakeholder management skills
7. Self-starter, proactive, independently work and be responsible
8. Knowledge of Agile, Scrum and Kanban, Jira and confluence
9. Ability to work in a team but also work independently when required
10. Ability to quickly understand the Business processes and map them
11. Excellent presentation skills/visual representations

Your Benefits:

As the Business Analyst – Insurance (Financial Crime) 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.