Business Analyst - General Insurance Regulatory Reporting & Financial Compliance

Capgemini is actively seeking a highly skilled Business Analyst specializing in General Insurance Regulatory Reporting & Financial Compliance for a leading Global Insurer.We are seeking a detail-oriented and compliance-driven Business Analyst to support the delivery of accurate, auditable, and timely regulatory reports across multiple financial domains. This role is critical in ensuring the organization meets both local and international regulatory obligations, while contributing to data validation, report specification, audit readiness, and transformation initiatives.You will collaborate with finance, risk, compliance, and data teams to bridge regulatory requirements with technical delivery—ensuring that reports are accurate, transparent, traceable, and inspection-ready. This role will involve a comprehensive understanding of regulations, standards, and financial compliance frameworks relevant to our clients in the insurance industry.The ideal candidate will be responsible for supporting regulatory reporting activities, ensuring compliance with all financial regulations and requirements, and helping our clients maintain transparency and accountability in their reporting processes. You will collaborate closely with various stakeholders, including finance teams, compliance officers, and regulators, to develop strategies that meet regulatory expectations while aligning with the company's business goals.Our client is one of the largest insurance companies globally, known for its innovation, scale, and commitment to excellence.Key Responsibilities:The key responsibilities of the role include:Analyze and interpret the latest regulatory requirements impacting financial reporting in the general insurance domainDevelop and maintain comprehensive documentation related to financial compliance and regulatory reporting processesCollaborate with finance and compliance teams to gather relevant data and prepare accurate reports for regulatory purposesSupport the implementation of an efficient reporting framework that enhances compliance and reduces riskProvide training and guidance to stakeholders on regulatory requirements and reporting best practicesMonitor changes in regulations and standards, proactively communicating relevant updates to stakeholdersAssist in audits and assessments related to regulatory compliance and reporting accuracySpecific day-to-day job responsibilities and expecations are listed below:Regulatory Reporting & CompliancePrepare and validate reports under frameworks such as: Basel III/IV, CRR/CRD IV IFRS / GAAP Solvency II, EMIR, SFDR, AnaCredit, COREP, FINREP Translate regulatory instructions into clear reporting rules and data logicEnsure full traceability from regulatory requirements to data fields and calculation logicData Validation & ReconciliationConduct data quality checks and reconciliations across source systems (GL, risk platforms, insurance admin systems)Identify and resolve data gaps or anomalies in collaboration with data engineers and architectsAlign regulatory reporting with internal management reporting viewsDomain-Specific SupportApply financial expertise across: Accounting: Mapping IFRS/GAAP structures to regulatory disclosures Tax: Supporting tax compliance elements (e.g., FATCA, CRS) Controlling: Integrating cost/performance structures into regulatory views Technical Insurance: Supporting reports on premiums, claims, policy exposure, and underwriting risk metricsRequirement & Specification DefinitionCollaborate with product owners and compliance officers to define scope and logic for new reportsDraft and maintain BRDs, functional specifications, and data mappingsEnsure all reports meet audit and inspection standards for documentation and reproducibilityTesting, UAT, and Audit SupportDesign and execute test cases for regulatory reportsSupport UAT cycles and regulator test submissionsProvide audit trails, commentary, and documentation for internal/external reviewsContinuous Improvement & TransformationParticipate in regulatory change programs and assess impact of new rulesRecommend improvements in data sourcing, controls, automation, and reporting processesPromote governance and data stewardship across the reporting lifecycleLocation: IndiaRequirementsRequired Qualifications: 3-5+ years of experience in regulatory reporting, risk finance, audit, or financial complianceStrong knowledge of regulatory frameworks, IFRS/GAAP, and risk reporting obligationsHands-on experience with reporting platforms, risk data models, or financial data warehousesProficient in Excel, SQL, and structured reporting templatesAbility to interpret regulatory texts and translate them into operational specificationsPreferred Qualifications:Background in insurance, banking, or financial servicesFamiliarity with tools such as Power BI, AxiomSL, Abacus360, Moody's, or SAP BWExperience working in Agile or hybrid delivery environmentsExposure to data governance, metadata, lineage tools, or compliance automationBenefitsCompetitive compensation and benefits package:Competitive salary and performance-based bonusesComprehensive benefits packageCareer development and training opportunitiesFlexible work arrangements (remote and/or office-based)Dynamic and inclusive work culture within a globally renowned groupPrivate Health InsuranceRetirement BenefitsPaid Time OffTraining & DevelopmentPerformance BonusNote: Benefits differ based on employee level.About CapgeminiCapgemini is a global leader in partnering with companies to transform and manage their business by harnessing the power of technology. The Group is guided every day by its purpose of unleashing human energy through technology for an inclusive and sustainable future. It is a responsible and diverse organization of over 350,000 team members in more than 50 countries. With its strong 55-year heritage and deep industry expertise, Capgemini is trusted by its clients to address the entire breadth of their business needs, from strategy and design to operations, fueled by the fast evolving and innovative world of cloud, data, AI, connectivity, software, digital engineering and platforms. The Group reported €22 billion in revenues in 2024.https://www.capgemini.com/us-en/about-us/who-we-are/