BCM-T24- BA - Fees and Taxes-Senior

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T24 BA – Fees and Taxes

Key words: Fees, taxes, pricing, Charges, TAX, fee accrual, product-level fee setups, commission type, VAT, Withholding taxes, Private banking, Securities, Derivatives, Forex, Structured products

Job Summary: Business Analyst/Tester will be responsible for analysing business requirements, preparing Business Requirement Documents, Functional Specification Documents, User Stories, Business Processes, and models via PLW sessions, defining test cases and conducting testing activities to ensure the successful implementation and functionality related to fees, taxes and charges across various private banking modules such as Securities, Derivatives, Forex, Structured products and AA. The role involves close collaboration with stakeholders, developers, and end-users to optimize trading operations and ensure compliance with regulatory standards.

Mandatory requirements: 

•        Selected candidates should be willing to work out of client location in Chennai for 5 days a week

Roles and Responsibilities:

•        Work with business stakeholders to understand and document requirements related to Fees, Taxes, charges, commissions across various private banking modules such as Securities, Derivatives, Forex, Structured products and AA.
•        Analyse and model business processes and recommend improvements to enhance efficiency and compliance.
•        Translate business requirements into BRDs, FSDs, User Stories for the T24 system.
•        Create Business Process maps using tools such as Camunda, Visio etc.
•        Assist in configuring and setting up the FT Commission Type,  Sc Tax parameter, Tax, Tax Gen Condition, Tax Type, Tax Type condition, Txn Tax code, EU Tax param, FATCA, Withholding tax, Coupon tax, AA Commission, Dx commission, etc.
•        Provide support during the implementation phase, including data migration and system integration.
•        Coordinate with the technical team to ensure proper system setup and performance.
•        Create and maintain comprehensive documentation related to the T24 Capital markets and treasury modules.
•        Train end-users on the functionalities and best practices of the system.
•        Develop and execute test plans, test cases, and scripts.
•        Perform functional, regression, integration, and user acceptance testing.
•        Identify, record, and track defects through to resolution.
• ·       Communicate project statuses, issues, and risks to stakeholders in a timely manner.

Qualifications:

• 4 to 9 years of experience with bachelor’s or master’s degree in finance, Business Administration, Information Technology, or a related field.
• Proven experience as a Business Analyst or Tester within the banking and capital markets industry, with a focus on fee calculation, taxation, and charging mechanisms within the T24 ecosystem.
• Strong knowledge of T24's Charges, Commission, Tax modules, T24 charging schemas, tax rules, and product-level fee setups.
• Experience with configuration, testing, and implementation of latest release of T24.
• Excellent analytical, problem-solving, and documentation skills.
• Strong communication and interpersonal skills, with the ability to engage effectively with various stakeholders.
• Knowledge of software development life cycle (SDLC) and testing methodologies.

Your client responsibilities

•        Need to work as a team lead in one or more Temenos T24 projects.
•        Interface and communicate with the onsite coordinators
•        Completion of assigned tasks on time and regular status reporting to the lead
•        Regular status reporting to the Manager and onsite coordinators
•        Interface with the customer representatives as and when needed
•        Willing to travel to the customers locations on need basis

Your people responsibilities

•        Building a quality culture
•        Manage the performance management for the direct reportees, as per the organization policies
•        Foster teamwork and lead by example
•        Training and mentoring of project resources
• Participating in the organization-wide people initiatives

Preferred Skills:

• TCCP Certifications in T24
• Certifications such as CFA, FRM, or similar qualifications relevant to Securities, Derivatives, Forex and Structured products.
• Exposure to regulatory frameworks (e.g., FATCA, CRS, VAT schemes).

• Proficiency with automated testing tools, test management tools and defect tracking systems.

• Knowledge of additional T24 modules, Private banking modules or banking operations.
• Experience working with T24 EMEIA clients.

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