Business Analyst

QA/Business Analyst - Regulatory Reporting (Axiom)

Banking & Financial Services Consulting

Location: Phoenix AZ

ABOUT US

Cognizant is one of the world‘s leading professional services companies, transforming clients‘ business, operating, and technology models for the digital era. Our unique industry-based, consultative approach helps clients envision, build, and run more innovative and efficient businesses. Headquartered in the U.S., Learn how Cognizant helps clients lead with digital at www.cognizant.com.

COGNIZANT CONSULTING

Within Cognizant is Cognizant Consulting, a global consulting organization delivering strategic and domain consulting through industry and technology expertise. With over 6,000 consultants worldwide, Cognizant offers high-value consulting services that improve business performance and operational productivity, lower operational expenses and enhance overall performance. Clients draw upon our deep industry expertise, program, and change management capabilities, and analytical objectivity to help improve business productivity, drive technology-enabled business transformation and increase shareholder value. We provide several Business/IT Consulting Services including Business Strategy, IT Strategy & Roadmap Development, Process Re-Engineering & Transformation, Enterprise Architecture & Technology Selection, and Domain Solutions. The Cognizant Consulting team is a high-performing organization continually expanding our client base and increasingly recommended by analysts such as Forrester and Gartner. And we are growing

The Role

We are seeking a talented and detail-oriented QA/Business Analyst to join our team, focusing on regulatory reporting using Axiom. In this role, you will work closely with business stakeholders, technical teams, and regulatory experts to ensure that our financial reports comply with relevant regulatory frameworks. You will be responsible for gathering and analyzing business requirements, translating them into functional specifications, testing the Axiom system for accuracy, and ensuring that our reporting processes meet all regulatory standards.

We are looking for a consultant who can deliver within Cognizant‘s Five Pillars of Consulting Excellence: 1) Project Execution, 2) Expertise, 3) Business Development, 4) Practice Development, & 5) People Development. As a Consultant, this means partnering with clients and project stakeholders, colleagues to clarify requirements and support delivery of effective solutions; applying technical and domain expertise to solve core client business challenges or inefficiencies; developing and strengthening domain knowledge and maintaining an accurate understanding of Cognizant‘s industry propositions and consulting capabilities; supporting business development activities of senior leaders; contributing to the development of practice initiatives or new service offerings (e.g., Strategic Control Points, development of consulting assets); and being an inspiring colleague, promoting team motivation, partnership, and ownership for projects. In addition to enabling consulting excellence through the Five Pillars of Consulting, the specific requirements for this position are below.

Our solutions are in demand, and we are passionate about making a difference. If you have experience with the above, are a selfless leader, and are committed to client-facing environment; if you want to grow your career with a team that wants to build something great together, we want to hear from you Apply now

Responsibilities

1. Quality Assurance & Testing:

• Develop and execute test cases to validate the functionality and accuracy of regulatory reports generated by the Axiom system.

• Perform system, regression, integration, and user acceptance testing (UAT) to ensure that reports meet business and regulatory specifications.

• Identify and document defects, work with development teams to resolve issues, and re-test fixes.

• Ensure that all reports comply with internal and external audit requirements.

• Perform data reconciliation and verification to ensure that regulatory reports are consistent with the underlying data.

• Assist in the ROI / planning to automate test scripts for regression testing suite.

2. Requirements Analysis & Implementation Strategy:

• Translate regulatory reporting requirements into clear and actionable user stories.

• Work with stakeholders to ensure all use cases are articulated into the test plan and identify any requirement gaps.

• Collaborate with the requirements and development teams in whiteboarding sessions to plan for the scope, implementation, work breakdown and test strategy for the product delivery.

3. Documentation & Reporting:

• Create user manuals, training materials, and knowledge base articles for end users.

• Produce test reports and track the progress of testing phases, highlighting issues and risks.

3. Stakeholder Collaboration:

• Work closely with project managers, IT teams, and regulatory compliance experts to ensure the successful implementation of regulatory reporting solutions.

• Communicate testing progress, issues, and solutions to stakeholders in a clear and concise manner.

4. Continuous Improvement:

• Stay updated on new regulatory requirements and best practices in regulatory reporting.

• Proactively identify opportunities for improving the efficiency, accuracy, and compliance of regulatory reporting processes.

• Assist with troubleshooting and resolving post-implementation issues related to regulatory reporting.

Qualifications

• Bachelor‘s degree in finance, Accounting, Information Technology, Business Administration, or related field.

• 3+ years of experience as a Business Analyst, QA Analyst, or Regulatory Reporting Analyst.

• Experience with regulatory reporting, financial reporting standards, and compliance regulations (e.g., Basel III, Solvency II, MiFID II, etc.).

• Experience with the Axiom software suite or similar regulatory reporting platforms (e.g., Wolters Kluwer, Finastra) is highly desirable.

• Knowledge of banking or financial industry data, including accounting, risk, and financial systems.

• Proficiency in Axiom or similar regulatory reporting tools is a plus.

• Strong Excel skills for data analysis and reporting.

• Familiarity with SQL for data extraction and analysis.

• Familiarity with software testing tools and methodologies (e.g., JIRA, Selenium).

• Strong analytical skills with the ability to understand complex financial data and regulatory requirements.

• Strong written and verbal communication skills.

• Ability to collaborate effectively with cross-functional teams.

• Ability to manage multiple priorities and work under pressure to meet deadlines.

• Strong organizational and documentation skills

• The embodiment of Cognizant‘s Core Values of: Work as one, Raise the bar, dare to innovate, do the right thing, own it

Preferred Qualifications:

• Professional certifications such as CFA, FRM, or PRM are a plus.

• Experience working in a regulatory compliance or financial reporting environment in the banking, insurance, or investment sectors.

Work Authorization

* Cognizant will only consider applicants for this position who are legally authorized to work in the United States without company sponsorship (H-1B, L-1B, L-1A, etc.)