Summit Business Analyst
Location: Bucharest, Romania
One of our clients is the largest bank in Cyprus by market penetration, with 83% of Cypriots having an
active account, and having €22 Billion Assets Under Management. Being over 100 years old, this bank
has seen a reliable and steady growth pattern that has resulted in its being the largest listed company
on the Cyprus Stock Exchange by market capitalization.
As the deadline for the IBOR transition fast approaches, British and American regulators are pushing
for the partial abolition of LIBOR interest rate for GBP and USD. Our client is currently still live on
Summit V6.0, which they upgraded to in 2018, and as such is planning to undergo a Summit V6.2
upgrade in parallel to the RFR implementation in order to access all of the RFR functionalities, with a
planned go-live date of early 2022. Phi will be supplying a team of experts in order to carry this out,
taking responsibility for project management, test management and test case planning.
We are therefore looking for a Summit Business Analyst with 8+ years of experience in order to ensure
that the upgrade is undertaken seamlessly. As part of Phi’s upgrade scope, there will be three IT testing
cycles, which will include Test case definition and execution, as well as analysis of GUI test cases. In
addition to this, there will be analysing the batch difference and support of UAT. As the principal
business analyst, you will be responsible for Documentation of defects for Finastra cases, retests for
those defects, and the testing of real-time interfaces.
In order to carry this out, the ideal individual will have extensive exposure to Summit upgrades, which
will be accompanied by proven expertise with STP servers. More generally, the ideal Business Analyst
will be well versed in Writing Documentation, User Setup and Regulatory Reporting, as well as having
experience in Bonds, Market Data, Collateral management and credit Limits. Due to the necessity of
dialogue in the role, excellent interpersonal communication skills are a must, as are advanced problem
This role will offer you the unique opportunity to be at the forefront of regulatory innovation in an
environment that will expose you to the latest version of Summit, where you will be joining some of
Phi’s most talented technologists.