Senior Business Analyst

WE-PLUS PTE. LTD.; Singapore; On-site; SGD 70,000 - 110,000; Full time

Job summary

WE-PLUS PTE. LTD. seeks a Tax & Regulatory Reporting Business Analyst to gather, analyse and document requirements for FATCA, CRS and Withholding taxes across jurisdictions.

The role focuses on process efficiency, BRD/FSD deliverables and alignment between Front Office, Operations and Tax streams, with potential Temenos Transact implementation involvement.

Qualifications

• Gathers and documents business requirements for FATCA, CRS and withholding taxes.
• Translates operational needs into functional specifications and BRD/FSDs.
• Engages with Front Office, Operations, Tax and Compliance for cross-site alignment.

Responsibilities

• Act as a conduit between Front Office, Operations and Tax Stream for STP and process efficiency.
• Drive new processes for Transact applications with potential implementation experience.
• Gathers Transact-focused requirements and writes BRD/FSD.
• Analyze gaps across European and Asian sites; propose convergent designs.
• Structure requirements with stakeholders to deliver scalable solutions.
• Ensure global perspective on regulatory, tax and accounting needs.

Skills

Requirements gathering

BRD writing

FSD writing

Regulatory reporting

Stakeholder management

Tools

Temenos Transact

Job description

Role Summary

The Tax & Regulatory Reporting Business Analyst is responsible for gathering, analysing, documenting business requirements for FATCA, CRS and Withholding Taxes (US Withholding Taxes and also for other regimes).

Main Responsibilities

• Act as a key conduit between Front Office, Operations, Tax Stream, focusing on STP, process efficiency and recommendations of industry practices.
• Experienced in driving PLWs and able to advise new processes for new Transact applications, preferably with implementation experience.
• Gathers and documents Transact-focused requirements and translate operational/business needs into functional specifications; experience in writing a BRD/FSD is a MUST.
• Analyses gaps in functionality and processes across European and Asian sites and proposing solutions to converge and align them into a common design, respecting WMIS standards and allowing for mutualization / reuse as much as possible between sites.
• Analyze and structure new requirements with all stakeholders involved in order to propose to the organization the best way to deliver appropriate solutions and integrate them in the overall program.
• Ensures all requirements are approached from a global perspective for all sites; specific solution should only be considered to address regulatory, tax or accounting specific requirements.
• Provides SME support for FATCA, CRS and QI Compliance within Temenos Transact R24 (in line with market standards and regulatory requirements).
• Ensures accurate client classification, withholding determination, reporting and auditability across securities, corporate actions, cash, FX and Derivatives/Structured Products, working closely with Tax, Compliance, Operations and Finance teams.
• Supports configurations of event-driven determination for FATCA/US WHT (US Withholding & Reporting) - Client Classification (US/Non-US, Chapter3 / 4 status), Withholding on US-Source Income (W8 and W9 indicators) and IRS Reporting (1042 / 1042-S data support).
• Analysis of FATCA/US WHT impact on Mandatory (Dividends, Coupons, Redemptions) and Voluntary Corporate Actions (Dividend Options, Dividend Reinvestment Plan, etc) Events and ensure correct handling of Income Segregation and Withholding at Source vs Intermediary Level.
• Supports compliance with CRS (OECD Common Reporting Standard) - Tax residency identification, Controlling person classification and Annual Regulatory Reporting and Data Quality Controls.
• Supports compliance with QI (Qualified Intermediary) - Beneficial Owner Identification (QI status and beneficial owner tags), Treaty eligibility and documentation validation and Gross vs. Net Income Processing and Reclaims.
• Ensure correct propagation of client tax attributes across Securities Trading, Corporate Actions, Cash and Accounting Services.
• Support configurations of Client Classifications, Instrument Source of Income and Treaty Rates and Exemptions.
• Coordination of testing of tax-driven Tax Re-calculation.
• Support integration with External Regulatory Reporting Platforms, Compliance and Data Warehouses.
• Support regulatory change implementation.
• Collaborate with our Vendor (Temenos) and/or integrator for the implementation project and enable our internal team to acquire knowledge and deep expertise on Temenos Transact product.
• Drive the definition of use cases for Integration tests with testing team and for User Acceptance Test with end users
• Manage all the decision-making and analysis process allowing designing, validating the solution, and getting the necessary approvals in terms of architecture, IT risk and IT Security, budget and capacity planning.
• Coordinate the implementation from a project management perspective and ensure the WMIS Project governance is applied at each step.
• Bring benefits to both the IT tools functionality and potential changes to operational processes affected.
• Ensure that every new solution implemented respects WMIS standards and allows for mutualization / reuse as much as possible between sites.
• Ensure all requirements are approached from a global perspective for all sites; specific solution should only be considered to address regulatory, tax or accounting specific requirements.

The SBA will be the privileged contact for user representatives during the analysis and project phases, and will be responsible for all standard business analysis tasks such as:

• Preliminary studies and analysis (including leading user workshops);
• Cost estimation and planning elaboration and follow-up;
• Organize and run dedicated meetings or committees, as required;
• Identify and report on project risks, attention points and issues to follow-up;
• Requirements and general functional specifications (GFS): Coordination of workshops, minutes, writing GFS, Review and validation with Sponsors, Presentation and support to Dev Team, etc.;
• Coordinate with all teams, from same division or other divisions, working on the same project;
• Plan the migration strategy and chang