Deloitte

Business Analyst, Banking Operate Services

Deloitte  •  Luxembourg, LU (Onsite)  •  22 days ago
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Job Description

Your future team

As a global leader in providing managed services to the financial industry, Deloitte is deeply committed to expanding its Operate offering in the banking space, a model where Deloitte takes ownership of running critical middle- and back-office processes on behalf of banking clients, combining operational excellence with innovative technology.

Our Banking Operate practice has already identified and validated a comprehensive portfolio of services to be launched, covering multiple banking value chains. We are now entering a decisive phase: translating this strategic vision into detailed, actionable specifications that will serve as the foundation for service delivery, technology enablement, and client onboarding.

We are seeking a Business Analyst to join our Banking Operate development team. In this role, you will be responsible for authoring Business Requirements Documents (BRDs) and Service Functional Descriptions (SFDs) across our target service catalogue. You will work hand-in-hand with subject matter experts, partners, and technology teams to transform high-level service concepts into structured, implementable specifications, at pace.

This is a unique opportunity to shape the future of our banking managed services from the ground up, with a clear evolution path toward a Project Manager role to oversee the implementation and go-live of the services you will have helped design.

The advantages of joining us

  • Career growth, your way Access top-notch training and career development. Start as the architect of our service specifications, then evolve into a project leadership role to drive implementation, with a clear progression path tailored to your ambitions.
  • Global impact, local connections Work on strategic banking initiatives with international reach, collaborate with diverse teams of experts, and contribute to building a market-leading Operate offering from Luxembourg.
  • Innovative work that matters Leverage the latest AI and LLM technologies to accelerate your work, tackle greenfield service design challenges, and directly contribute to a high-visibility growth initiative backed by firm leadership.

How you'll contribute to our success

  • Author high-quality BRDs and SFDs for a portfolio of banking Operate services spanning multiple value chains (payments, securities, lending, investment management, cash management, trade finance, and more).
  • Translate strategic service concepts into structured specifications, detailing functional scope, process flows, roles and responsibilities, SLAs, controls, data requirements, and technology dependencies.
  • Engage with senior stakeholders and subject matter experts (partners, banking operations specialists, technology leads) to capture requirements, challenge assumptions, and ensure completeness and feasibility of specifications.
  • Map end-to-end banking processes across middle and back office, identifying operational touchpoints, regulatory constraints, and integration requirements for each target service.
  • Leverage AI tools and Large Language Models (LLMs) to accelerate research, drafting, benchmarking, and structuring of documentation, enabling rapid turnaround without compromising quality.
  • Ensure consistency and standardisation across the full service catalogue, establishing reusable templates, taxonomies, and documentation standards.
  • Identify dependencies, risks, and gaps early in the specification phase, proactively escalating and proposing solutions to keep the programme on track.
  • Contribute to the definition of target operating models for each service, including process design, governance frameworks, technology requirements, and staffing considerations.
  • Support the transition from design to delivery by preparing the ground for implementation, you will be positioned to take on project management responsibilities as services move into build and launch phases.
  • Act as a central knowledge hub for banking Operate service design, maintaining a clear and organised repository of all specifications and supporting documentation.

Why this role is different

You’ll be joining at the inception of a strategic growth programme, in a role that goes beyond traditional maintenance or support, where the services you design today will become the backbone of Deloitte’s Banking Operate offering tomorrow. You’ll have direct visibility with partners and leadership, and as the portfolio moves from design to delivery, you’ll have the opportunity to step into a Project Manager role to oversee implementation, client onboarding, and operational go-live, ideal for someone passionate about banking operations, turning complexity into clarity, and being at the forefront of building something new.

Your skills

  • Bachelor's degree in Business, Finance, Banking, Economics, Engineering, or Information Technology (Master's preferred), or equivalent professional experience.
  • Around 3-4 years of relevant experience in the banking industry, with demonstrated exposure to middle- and/or back-office operations.
  • Solid knowledge of multiple banking value chains, including but not limited to:
      1. Payments & Cash Management
      2. Securities (custody, settlement, corporate actions)
      3. Investment & Portfolio Management
      4. Credit & Lending (consumer, corporate, syndicated)
      5. Mortgage & Real Estate Finance
      6. Lombard & Collateral Management
      7. Trade Finance
      8. Regulatory Reporting & Compliance Operations
  • Proven experience writing Business Requirements Documents, functional specifications, or service descriptions in a structured and professional manner.
  • Strong understanding of banking processes, controls, and regulatory environment (e.g., PSD2, MiFID II, Basel, AML/KYC operations).
  • Proficient in using AI tools and Large Language Models (e.g., ChatGPT, Copilot, Claude) to enhance productivity, for research, drafting, analysis, and structuring of complex documentation.
  • Strong data affinity, including awareness of data flows, data governance, and data quality principles within banking operations.
  • Ability to translate high-level strategic intent into detailed, workable operational and technology specifications.
  • Familiarity with target operating model design, process mapping (BPMN or equivalent), and service delivery frameworks.
  • Proficiency in project management methodologies and tools; certifications (e.g., PMP, PRINCE2, Agile) are an asset.
  • Pragmatic, autonomous, solution-oriented, and comfortable working at speed across multiple workstreams simultaneously.
  • Exceptional written communication skills — ability to produce clear, structured, and professional documentation.
  • Strong interpersonal and stakeholder management skills, comfortable engaging with senior leadership and subject matter experts.
  • Fluent in English; French and/or any additional language is an asset.
  • Ability to efficiently manage multiple deliverables and priorities in a fast-paced, high-ambition environment.

Interested? Please submit your resume in English

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With more than 2,600 employees and 98 nationalities, Deloitte Luxembourg is one of the Grand Duchy's largest, strongest and oldest professional services firms. For more than 75 years, our talented teams have been serving clients in various industries delivering high added-value offerings to national and international clients in audit and assurance, consulting, financial advisory, risk advisory, tax, and related services. Deloitte Luxembourg is part of the global Deloitte network.

Deloitte provides leading professional services to nearly 90% of the Fortune Global 500® and thousands of private companies. Our people deliver measurable and lasting results that help reinforce public trust in capital markets and enable clients to transform and thrive. Building on its 180+-year history, Deloitte spans more than 150 countries and territories. Learn how Deloitte’s over 470,000 people worldwide work together every day to make an impact that matters at www.deloitte.com.

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About Deloitte

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Industry
Consulting & Advisory
Company Size
10,000+ employees
Headquarters
Worldwide, OO
Year Founded
1845
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