Functional Analyst (mid/senior)

Employer: Wolters Kluwer Financial Services
  • Banks - Financial Institutions
  • Accounting - Finance
  • IT Software
  • Job type: full-time
    Job level: 1 - 5 years of experience
  • Cluj Napoca
  • Updated at: 25.05.2020
    Short company description

    Wolters Kluwer N.V. (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. Wolters Kluwer reported 2017 annual revenues of €4.4billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information about our solutions and organization, visit, follow us on Twitter, Facebook, and LinkedIn.

    In our specific business unit, Wolters Kluwer Governance, Risk and Compliance we possess deep insight into the industry, providing governance, risk and compliance programs and solutions to more than 15,000 financial services organizations worldwide. More than 400 in-house experts - former regulators and compliance officers, risk analysts, lawyers and financial industry specialists – embed their knowledge and expertise in every service or solution so that financial organizations can be confident they are managing their organization's Finance, Risk and Regulation needs effectively. Despite rapidly changing industry conditions, financial organizations can rest assured knowing that Wolters Kluwer is able to invest and quickly respond to market needs, with financial stability for the long term.


    In this role you will work on a wide variety of projects, analyzing supervisory regulation and implementing these within our purpose built applications.

    You will be involved in the whole delivery chain: from functional conception of the software until its delivery to our worldwide customer base, including aftercare and implementation support.

    Also you will be responsible for interpretation of regulatory requirements, turning these into functional and business requirements and using them in the development process.

    Qualifications and Skill set:

    -Bachelor degree (or higher) in Finance, Banking, Accounting, Economics or Computer Science
    -preferable 4 years’ experience in banking accounting and / or in a functional analyst role, within a bank or within a software company delivering financial software or within financial services
    -in-depth knowledge and understanding of financial concepts and instruments
    -relevant experience and knowledge of banking regulatory requirements
    -experience of working with financial software, particularly regarding banking and regulatory data warehouses or reporting solutions
    -ability to analyze financial regulation and to implement it as business rules/logic
    -logical proficiency
    -fluency in English and German, written and oral
    -computer literate, relational database and SQL knowledge is an important plus



    -play a key role in monitoring and interpreting Regulatory changes in the financial sector
    -work closely with the technical team to ensure that they have a clear understanding of requirements and support them throughout the development process
    -perform functional testing of the software packages to be delivered, controls adequacy of developments with functional specifications
    -participate actively to product documentation, in particular for the functionalities you specified.
    -participate to product second line support by analyzing reported customer issues and providing resolution recommendation
    -on occasion deliver workshops related to specific reporting products and applications
    maintain regular contact with fellow business professionals and Regulatory bodies to discuss the effect and interpretation of regulatory changes and to maintain a high standard of business expertise.