Product Business Analyst – Banking


London, GB
  • Job Type: Full-Time
  • Function: Business Intelligence
  • Post Date: 04/08/2021
  • Website:
  • Company Address: 11 W 42nd St, 8 Floor, New York, NY, 10036

About R3

R3 is an enterprise blockchain software firm working with a broad ecosystem of more than 300 members and partners across multiple industries from both the private and public sectors to develop on Corda, its open-source blockchain platform, and Corda Enterprise, a commercial version of Corda for enterprise usage.

Job Description

R3 is an enterprise blockchain software firm working with a broad ecosystem of more than 300 members and partners across multiple industries from both the private and public sectors to develop on Corda, our open-source blockchain platform, and Corda Enterprise, a commercial version for enterprise usage.

Our global team of over 300 professionals in 13 countries is supported by over 2,000 technology, financial, and legal experts drawn from our global member base.

Our Corda platform is already being used in industries from financial services to healthcare, shipping, insurance and more. It records, manages, executes institutions’ financial agreements in perfect synchrony with their peers, creating a world of frictionless commerce.
We have a strong Product Management team focused on shaping and driving the Corda platform to be the best blockchain for business. We continue to enhance the platform with capabilities focused on improving fit and reducing time to market for specific business domains and are looking for specialists in those domains to join our team.

Job Description
You will act as a Business Analyst working within the product team to identify and define new areas where we can complement Corda with domain specific solutions targeting banking. You will lead your product domain with the aim of delivering the detailed requirements to enable market-fit solutions to be developed.

We start with customer problems and work our way to the technical solution. As the business analyst owner of our solution, you will live at the intersection of business and technology. You are responsible for:
·        Engaging Stakeholders
·        Gathering requirements
·        Creating specifications
·        Communicating and educating

Engage Stakeholders
You will act as the interface to the engineering team, engaging stakeholders on inbound product requirements. You will capture customer commitments and unmet requirements from existing and prospective customers, our Solutions Engineering, Account Teams, Industry Business Units and our Sales Engineering teams. We champion these in internal planning. Being curious, you will be aware of competitive insights and other market forces. 

Gather requirements
You will capture market evidence through use cases that show how customers are using our technology, or how prospective customers might use it. You will combine this with your in-depth business domain knowledge to develop detailed user journeys to represent different customer personas use of proposed solutions – these will include business users, developers and operators of the solution. You will use the use cases and user journeys to develop a set of detailed requirements

You will also gather information to inform our technology decisions with insights in technology market share and our customers technology environments.

You innovate on behalf of your customers by capturing and generating ideas that may exist outside the immediate view of the stakeholders to drive revolutionary capabilities.

Create specifications
You will create strategy and requirements documents that describe the end state vision, document the use cases, user journeys and detailed requirements for new capabilities in your area of expertise.

You will have expertise in data models relevant to banking such as FpML, FIX or CDM. Using these data models and your understanding of the business lifecycle you will apply these to facilitate solutions built using Corda.

You will group requirements to create detailed requirements specifications to be delivered as features, that meet stated acceptance criteria.

You will ensure features are created that satisfy the stated requirements in the form of acceptance criteria used by QA to test the solution.

You prioritise features to develop a clear product roadmap for your domain and communicate this to individual stakeholders. You drive the product roadmap, and detailed functionality, to best capture the opportunity at hand recognising that this is a balance of technical capability, user experience, market forces and customer needs.

You will apply robust and appropriate analysis techniques. This will include:
·        data analytics, as-is and to-be modelling, gap analysis, SWOT analysis, MOSCOW analysis
·        developing wireframes, mock-ups, process flows to display the visualization of front-end user designs and business processes.

Communicate and educate
You will manage the outbound product communications for your domain including the roadmap and the specific commitments to stakeholders using a variety of techniques appropriately tailored to the audience including running productive stakeholder meetings via video conference.

You will write customer friendly descriptions of features from the start of the process. You ensure peers in Product Marketing are able to best show the market Corda’s unique ability to solve their issues and open new opportunities.  You will ensure our stakeholders know the direction of our solution, but know how to time messaging.
You will have the ability to talk directly with engineers, translating requirements to technical specifications.

Domain Experience

  • 3-5 years experience within banking in either in a product, operations or software related role
  • Working knowledge of banking messaging protocols such as FIX, FpML or CDM.
  • Working knowledge of business processes within, and between, banks in support of the full lifecycle of financial securities.
  • Familiarity with regulations and external requirements in the full lifecycle of financial securities. 

Education, Experience and Qualifications

  • A deep understanding of business analysis principles and approaches most likely obtained through a combination of academic study and professional experience
  • 5+ years of relevant work experience in developing business application software
  • 5+ year’s experience analysing and defining requirements for complex technology projects
  • Broad experience working across the Financial Services domain (Payments, Banking, Insurance) desirable
  • Demonstrated analytical and problem-solving skills
  • Meticulous attention to detail – you notice things that others miss
  • Familiarity with a broad range of business solutions for the financial industry
  • Ability to work effectively in geographically dispersed, cross-functional teams
  • Excellent written and verbal communication skills with fluency in English
  • Excellent stakeholder management skills
  • Comfortable working autonomously in fast moving situations
  • Committed to delivering excellence and becoming trusted and well respected
  • At R3, we encourage a diverse and inclusive workforce. If you don’t meet all of the above criteria, but you think you’d be a great addition to R3, send us your CV. We’re always interested in meeting collaborative people who are excited to work with us.


How We’re Handling Covid-19

We are extremely grateful to continue to grow as a company during these unprecedented times. Our #1 priority is the health, safety, and wellbeing of our current and future R3’ers. We want to share with you what we’re doing and what you can expect throughout our interview and on-boarding processes.

Since March, most R3’ers have been working remotely, although we have opened some key office locations global, with limited capacity for those that cannot work from home or need to come into the office.

As you go through the virtual interview process with us, please don’t worry if children or pets make a guest appearance. We understand these things happen- it’s real life after all! If we are fortunate enough to welcome you to the team, we’ll get a laptop couriered to you and get you set up virtually on your first day.  We also provide you with a “Work From Home” allowance to enable you to purchase some equipment to be more comfortable and productive.

We Have And Will Continue To Take Steps To Ease Some Of The Burden For Our R3’ers

We understand that Work From Home (WFH) life can be challenging in many ways, so some of the additional support measures we have in place include;

  • New Starter WFH allowance (as mentioned above) to get you setup to work productively at home
  • Additional access to wellbeing resources (as well as the support provided as part of your Vitality Private Medical) including a year’s free subscription to the Headspace app and modules on our Lessonly training platform from MindGym (including Goal getting, Stress Busters and Virtual Work)
  • We also have additional health and wellbeing resources available on our wiki pages when you join.

R3 may process the personal data collected or identified as being imported in accordance with R3’s Recruitment Privacy. Read the policy here. In particular, R3 will use the personal data provided for the purposes of processing your application for the role you have applied for, to assess your suitability for the role as well as to enter into a contract with you if you are successfully brought onto the R3 team.

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Disclaimer: Local Candidates Only
This company does NOT accept candidates from outside recruiting firms. Agency contacts are not welcome.