Technical Business Analyst- Compensation Data & Governance (12 month FTC)

Hayfin Capital Management; London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A financial services firm based in London is seeking a highly skilled Technical Business Analyst. The role focuses on implementing transformative solutions for complex compensation processes. Candidates should have over 10 years of experience in business analysis, particularly with incentive and compensation systems. Immediate deliverables include streamlining processes and enhancing reporting capabilities.

Qualifications

• Mid to senior level (10+ years experience) business analyst.
• Experience with incentive/compensation system implementation/transformation.

Responsibilities

• Identify and prioritize opportunities within 1-2 months.
• Deliver workable solutions in 3-9 months.
• Develop enhanced MI suite for key stakeholders.

Skills

Familiarity with complex compensation and incentive schemes

Procedure & governance documentation

Project Management

Data architecture and governance

Reporting and analytics

Job description

Overview

We are seeking a highly skilled Technical Business Analyst to play a key role in shaping and delivering transformative solutions for our compensation processes. Hayfin operates a range of incentive schemes, which in the context of a growing multijurisdictional firm, create significant administrative and commercial complexity. The material operational risk created by this complexity is currently mitigated through manual processes across numerous tools, teams and systems. This project seeks to address that inefficiency in readiness for the continued growth of the firm.

The medium term (1-2 year) goals are (i) automated look through processing (LTP) of compensation data (ii) automated generation of key administrative deliverables (e.g. legal award documents, payments) and (iii) a step change in live and ad hoc management information (MI) reporting provision.

INITIAL DELIVERABLES

• Deliver short term efficiencies: focus on actionable items with immediate/short term (within 6-9 months) results e.g reduce complexity, reduce cost, data & system integration, improve outputs:
  • Identify and prioritise opportunities within 1-2 months
  • Deliver workable solutions in 3-9 months
  • Could include:
    • Reduced reliance/streamline external vendors
• Improve data architecture and alignment
• Integrating systems / document production
• Enhanced transparency and service to scheme participants
• Produce medium term (1-2 years) road map: develop an ambitious plan for operating model changes which will deliver significant progress towards the overall project goals.
• Develop enhanced MI suite for key stakeholders
• Procedure documentation
• Document current governance and decision making framework & recommend changes where needed
• Address data resilience: Hayfin to house full versions complete data set within our systems
• Identify opportunities for simplification of incentive schemes, propose solutions, prioritise and develop plan / road map for delivery

Requirements

CAPABILIITY

• Familiarity with complex compensation and incentive schemes (structures and mechanics)
• Procedure & governance documentation (including appropriate controls)
• Project Management: planning & execution incl. managing interdependencies, driving accountability and delivery across teams.
• Data architecture and governance
• Reporting and analytics

TARGET PROFILE

Mid to senior level (10+years experience) business analyst with experience of incentive/compensation system implementation/transformation