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

Hayfin Capital Management; London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A financial services firm in London is seeking an experienced Technical Business Analyst to streamline compensation processes and develop solutions for incentive schemes. The ideal candidate has 10+ years of experience with compensation systems and robust project management skills. Responsibilities include improving operational efficiencies and enhancing reporting capabilities. This role promises a pivotal opportunity to shape transformative solutions in the company.

Qualifications

• 10+ years experience in business analysis, particularly in incentive/compensation system implementation.
• Strong ability to document procedures and governance frameworks.
• Proven project management experience with accountability across teams.

Responsibilities

• Deliver actionable short-term efficiencies in compensation processes.
• Develop a medium-term roadmap for operational changes.
• Enhance management information (MI) reporting for stakeholders.

Skills

Familiarity with complex compensation and incentive schemes

Project Management skills

Data architecture and governance

Reporting and analytics

Job description

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
• Improved 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