What is a Business Analysts role in Compliance and Regulatory Reporting?

Question

Could someone tell me what is a Business Analysts role in Compliance and Regulatory Reporting?

Answer 1

Well, before describing the role of Business Analysts in Compliance and Regulatory Reporting. First, let me explain in brief what exactly is Regulatory Reporting. Regulatory Reporting is a process of stating and giving an account of all the details that regulators need to evaluate and validate the financial institution’s financial transfers and operations ensure they are meeting all the compliances that are set as per the rule and hence evaluate the overall health of that particular financial institution. Business Analysts role in Regulatory Reporting are many like, identifying Stakeholders, generating Data records, finding out the Data gaps document the process for conducting a transparent communication with the concerned stakeholder, find out which technology will solve the problems quicker, and find solutions faster, etc.

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