Functional Analyst

Initium Software·Madrid, Spain

What they offer

  • Full-time hours

    Per the ad.

What they ask for

  • Have the right to work in Spain

    Initium Software doesn't mention sponsorship in the ad.

  • Speak native-level Spanish

    Listed as a requirement in the ad.

  • Work in English

    English is required, per the ad.

  • Work on-site in Madrid

    No relocation package mentioned.

  • Have senior-level experience

    Senior-level role.

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About the role

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

Your role / mission in the Company

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

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

What you'll do

Your Mission (Your Challenges and Responsibilities)

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 provider SMEs 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.

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 the project's 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 for key audits.

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

What you'll get

What do we offer you? (Benefits that make the difference)

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.

How you'll work

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

Hiring process

Apply now and let's talk

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 Software, we don't just develop technology: we create an environment where people can evolve, add value, and leave their mark."

Requirements

Your Arsenal (What We Look for in You)

Essential:

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.

We especially value if you also have... (Desirable)

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.

Passion for learning, sharing ideas, and evolving together with the team.

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.

This job was automatically translated to English, .

About the company

Initium Software

Initium Software

Company

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Spanish company
500 employees