The English-language job board for Spain

Functional Analyst

On-site in Madrid·Full-time·Added 3 months ago (last checked 20 Oct)

Overview

Work mode
On-site, Madrid
Contract
Full-time
English
Required

Visa options

  • The ad doesn’t mention sponsorship

    Not a refusal, but not a yes. Worth asking in your first message.

Find jobs with visa support

Skills

This job advert was originally written in Spanish.

Requirements

What we're looking for

  • Solid track record in functional analysis within Banking, Financial Services, or Asset Management (Asset/Wealth/Private Banking).

  • Expert proficiency in at least two of these areas: Regulatory Reporting (FATCA, QI, MIFID II, EMIR, etc.); Tax Reporting; Processing and Settlement (Clearstream, Euroclear); GRC (MetricStream) or Financial Operations.

  • Innate skill for technical documentation: Extensive experience writing BRDs, FSDs, sophisticated use cases, and agile user stories.

  • Data proficiency: Solid practical knowledge in executing complex SQL queries on Oracle, MS SQL, and/or MongoDB.

  • Methodological DNA: Strong understanding of ITIL, incident/problem management, and technical support flows within structured corporate environments.

  • Mastery of ALM tools: Daily experience with ServiceNow, JIRA, and Confluence.

  • Advanced English (C1): Fluent and professional ability (written and verbal) to lead working sessions and negotiations with client executives and global stakeholders.

Nice to have

  • Direct experience with leading platforms such as Morningstar, EasyTax, Fitax, Informatica PowerCenter, or DevOps (scripting in Python, PowerShell, or CI/CD environments).

  • Understanding of the Swiss financial market infrastructure (SIX SIS AG, FINMA regulations).

  • Certifications that validate your expertise: ITIL v4, IIBA CBAP/CCBA, PMI-PBA, or Scrum Master.

  • You are passionate about learning, sharing ideas, and evolving together with the team.

Pay & benefits

What you'll get

  • Highly Competitive Fixed Salary: Commensurate with your technical level and the responsibility within the global financial ecosystem.

  • Work Mode: Permanent on-site base at our technology delivery center in Madrid, in an environment designed for co-creation and innovation with a stable schedule from 08:00 to 17:00.

  • Challenging Projects: Total exposure to a world-class multi-technology environment (SaaS, COTS, Big Data, Cloud) working for an international banking giant.

  • Culture of Autonomy, Collaboration, and Dynamism: Zero micro-management. We foster an environment where your initiative is valued, your direct impact on the client is recognized, and your growth is firmly supported.

  • Constant Evolution: Access to mentorship programs, career development, and plans for obtaining leading technical and business certifications in the industry.

The role

Elite Challenge: Are you the Functional Analyst who will transform the technological ecosystem of International Private Banking?

At Initium Software, we are not a traditional consultancy; we connect top technical talent with the most challenging and innovative projects in the market, acting as strategic partners who drive real impact through technology.

As a Functional Analyst – Financial Services Application Support, you will become the catalyst and strategic bridge between Wealth Management business leaders and cutting-edge development teams. You won't be solving routine problems: you will take responsibility for orchestrating L2/L3 support, maintenance, and the continuous evolution of a critical multi-year ecosystem spanning global regulatory reporting to complex cross-border settlement platforms. If you are looking for an environment where your analytical skills tangibly impact international financial infrastructure, this is your place.

What you'll do

  • Be the strategic SPOC: Act as the definitive functional Single Point of Contact for a portfolio of critical applications, leading direct interaction with business users, Product Owners, and vendor providers internationally.

  • Lead root cause analysis: Unravel complex incidents in high-priority environments (P1-P3), articulating temporary and permanent solutions under demanding SLAs that ensure the continuity of private banking operations.

  • Shape the functional future: Translate the most complex business needs into impeccable user stories, comprehensive process flows, functional specifications (FSD), and business requirement documents (BRD) with a clear purpose.

  • Ensure production excellence: Design and drive functional test cases, coordinate end-to-end UAT phases, define go/no-go production release committees, and elevate overall project documentation quality.

  • Dive into deep analysis: Leverage massive databases using SQL (Oracle, MS SQL, MongoDB) to reconcile regulatory/tax outputs and act as the functional reference point during key audits.

  • Drive technical evolution: Design shift-left strategies, promote candidates for automation, and bring your analytical vision to code modernization and platform migration.

How you'll work

Location/Modality: Madrid (On-site). Schedule: Monday to Friday, 08:00 - 17:00 CET (with participation in 24x7 on-call rotation for critical incidents).

How will we measure your impact?

Monthly compliance with demanding project efficiency targets and optimal resolution of functional incidents within SLA.

  • Precise alignment and effective execution of the strategic plan for continuous improvement, automation, and code modernization proposed by Initium.

Hiring process

If you are looking for a place where your analytical skills have a real impact on the global infrastructure and your curiosity is the engine of change, send us your CV or your LinkedIn profile. Let's talk about the future you can build with us!

"At Initium we do not just develop technology: we create an environment where people can evolve, add value, and leave their mark."

About Initium Software

Initium is a global technology consultancy specializing in digital transformation, cloud engineering, and enterprise software solutions. The company partners with major platforms such as Guidewire, Apigee, MuleSoft, ServiceNow, and Temenos to deliver complex integration and modernization projects for clients across insurance, banking, telecom, and the public sector. With a workforce of several thousand professionals spread across multiple countries, Initium operates as a nearshore and offshore delivery partner, combining technical depth in legacy and cloud-native stacks with a strong focus on quality engineering and DevOps practices.

In Spain, Initium operates a significant delivery hub in Madrid, which serves as a key nearshore center for European and global clients. The Madrid office is a multicultural, English-speaking environment that actively hires international talent, offering a clear path for relocation and professional growth. The company's culture emphasizes continuous learning, certification in partner technologies, and a collaborative, engineering-driven atmosphere, making it a relevant option for international professionals looking to build a career in Spain's growing tech sector.

Founded
2001
Employees
1,000–5,000
Headquarters
Madrid, Spain
In Spain
Madrid

Good to know if you are moving

  • The Madrid hub is a major nearshore delivery center, so international hires are common and the working language is English.
  • Initium offers a formal relocation package and visa sponsorship for international hires moving to Spain.
  • The company invests heavily in certifications on partner platforms (ServiceNow, MuleSoft, Apigee, Guidewire), which boosts long-term employability.
  • The Madrid office is a multicultural environment with a mix of local and expat engineers, easing the integration of newcomers.
  • Career paths are clearly defined, with growth toward team lead, solution architect, and delivery management roles.
All open roles at Initium Software
WhatsApp

Salesforce Field Service Architect

Initium Software2d ago
Hybrid in Provincia de MadridNo Spanish needed

ServiceNow Platform Architect

Initium Software2d ago
MadridNo Spanish needed

Systems Engineer .NET & SharePoint

Initium Software2d ago
Remote, MadridNo Spanish needed

Temenos Digital Expert

Initium Software5d ago
Hybrid in MadridFluent Spanish

AI Engineer Python

Initium Software2w ago
€43k – €45kMadrid
Remote, MadridNo Spanish needed

DevOps Engineer - Azure & Kubernetes

Initium Software2w ago
BarcelonaFluent Spanish

DevOps Engineer (React + Node)

Initium Software2w ago
Remote, MadridNo Spanish needed
Remote, MadridNo Spanish needed

Tech Lead (React + Node)

Initium Software3w ago
Remote, MadridNo Spanish needed
Remote, España RemotoNo Spanish needed

T24 Technical Consultant

Initium Software1mo ago
Remote, MadridNo Spanish needed
See all 37 jobs