Avaloq Business Analyst – Private Banking
About the Company
The client is a reputable financial institution where this role will be placed on a consultant basis, with possibility of permanent employment for successful hires.
And ideal candidate is proficient in English, with strong preference for candidates fluent in French as well. Any additional language knowledge will be considered a bonus.
And ideal candidate is proficient in English, with strong preference for candidates fluent in French as well. Any additional language knowledge will be considered a bonus.
Company
Experience level
6-10 years
Location
Monaco - On-site
Preferred Languages
English
French
Skills
PerformanceTesting
BusinessIntelligenceAnalyst
Key Responsibilities
- Analyze existing Avaloq data flows to identify inefficiencies, gaps, or risks in data processing, transformation, or integration with downstream systems.
- Gather and document business requirements in collaboration with internal stakeholders from Front Office, Operations, Compliance, Risk, and Finance.
- Translate business requirements into Avaloq technical specifications.
- Optimize Avaloq data workflows, focusing on improving automation, data accuracy, reconciliation, and end-to-end processing.
- Serve as a liaison between the Business and IT teams, ensuring that Avaloq system enhancements meet business objectives.
- Conduct impact analysis of system changes, new features, or regulatory requirements on Avaloq configurations.
- Support data migration, system upgrades, and integration projects involving Avaloq.
- Contribute to UAT (User Acceptance Testing) by defining test cases, coordinating test execution, and validating system outputs.
- Ensure documentation is up-to-date and aligned with internal standards, including data flow diagrams, process maps, and functional specs.
- Provide subject matter expertise in private banking products, client lifecycle management, portfolio management, and regulatory reporting as supported by Avaloq.
- Support regulatory and compliance initiatives by ensuring Avaloq configurations meet local and international regulatory requirements.
- Assist in change management and training efforts related to new processes or Avaloq releases.
Requirements
- In-depth knowledge of the Avaloq data model: Strong understanding of core banking modules and ability to interpret and analyze data structures and how they feed into other systems.
- Data mapping and Data flow design: Proven experience in mapping data from Avaloq to downstream systems (e.g., reporting, compliance, CRM), ability to identify inconsistencies and design optimized data flows.
- Functional specification writing: Ability to write clear, structured, and technically precise documentation for developers and stakeholders.
- Parameterization and customization: Understanding of Avaloq parameterization principles (customizing standard functionality without core code changes). Familiarity with Avaloq scripting (APL) is a strong plus.
- Familiarity with core banking and Private banking: Solid grasp of front-to-back processes and understanding of the business impact of Avaloq configurations and how they align with banking products.
- SQL and data querying: Ability to query and validate data directly from Avaloq or related databases for analysis and testing.
- Regulatory and compliance awareness: Understanding of how financial regulations impact data flows and system design.
Bonus skills:
- Familiarity with Avaloq's development lifecycle or Avaloq certification
- Experience with ETL tools, BPMN process mapping
- Background in data migration, reporting, or system integration involving Avaloq
Qualifications
- Bachelor’s or Master’s degree in Finance, Business administration, Information systems, or a related field.
- Relevant additional certifications (e.g., Avaloq Certified Professional, CBAP – Certified Business Analysis Professional, ITIL, Agile/Scrum) are a strong asset.
- Minimum 4-5 years of hands-on experience with Avaloq — especially in the areas of data flows, functional specs, parameterization, or data integration.
- Experience working on private banking or wealth management projects is highly desirable.
- System and tools familiarity: Avaloq Banking Suite, Data mapping and documentation tools, SQL or similar query languages
What the Company Offers
This is a consultant role where daily remuneration will be based on the candidate's seniority and skillset. The employment on a consultant basis has the potential for permanent contract in the private banking sector.