Business Process Analyst - Payroll - Banking

Business Process Analyst - Payroll

Investment Banking | Contract

Our client, a leading Investment Banking organisation, is seeking an experienced Business Process Analyst to support their Payroll function within a complex, regulated environment.

Contract details

• Initial 6‑month contract
• London-based
• Hybrid working
• £500-£650 per day (Inside IR35)

Responsibilities

• Review and document current-state payroll processes, identifying inefficiencies, risks and control gaps
• Perform detailed payroll and financial reconciliations, investigating variances across multiple data sources
• Use Excel extensively to analyse large datasets and produce management reporting
• Work closely with Payroll, HR, Finance, Technology and Risk stakeholders to gather requirements and understand issues
• Act as an inquisitive challenger, identifying root causes and driving process improvements
• Design and support future-state process improvements, including automation and control enhancements
• Produce clear documentation such as process maps, impact assessments and business requirements
• Support audit and regulatory requests related to payroll processes and controls

Key Experience Required

• Proven experience as a Business Analyst / Business Process Analyst, ideally within Payroll, Finance or Operations
• Strong Excel capability (pivots, lookups, reconciliations; VBA beneficial)
• Hands-on experience with payroll or financial reconciliations in a controlled environment
• Highly analytical and detail-oriented, with a questioning mindset
• Confident stakeholder engagement skills across varying seniority levels
• Experience working within investment banking or financial services environments