Business Analyst for Core Banking

A Business Analyst analyzes business needs and documents requirements for a banking system. The responsibilities include gathering business requirements, optimizing processes, designing, testing, ensuring regulatory compliance, bridging business and IT teams. The role requires preparing functional specifications, leading testing (UAT and integration), assisting in data migration activities, ensuring regulatory compliance and assisting in business users training.

Key Responsibilities:

Business Requirement Gathering: Document business and systems requirement

Preparation of Business Requirements Documentation (BRD)

Solution Design: Collaborate with business, IT, and vendors to translate business requirement into functional specifications and system design and document the solution design.

Business Process Analysis: Identify inefficiencies and recommend improvements to improve operations. Process optimization. Create User Manuals.

UAT Conduct: Develop test plan, test cases. Coordination with business users in the conduct of UAT. Document Test results. Defect Management - assist in closing reported defects.

Regulatory Compliance: Ensure Core Banking solution complies with regulatory requirements. Protection of customers sensitive data.

Data Clean-up and Migration: Analyze data from legacy system and map with the end-state system.

Business Users Training: Assist in train-the-trainers program. Administer training sessions for business users.

Deployment Support: Assist in system configuration (product, account, interest rates, charges, chart of accounts), parameterization and set-up (prior to deployment), Assist in defining users access matrix

Qualifications:

• Strong understanding of Core Banking processes and financial products.
• Facilitation skills to bridge the gap between business and IT
• Proven experience in business analysis within the financial services sector
• Experience with project management discipline
• Experience in these IT areas is non-mandatory but a plus - databases, API messaging and integration, cybersecurity, disaster recovery.
• Ability to organize meetings and communicate with business and IT stakeholders.
• Ability to create diagrams to explain system complexities and requirements.
• Ability to address minor stakeholder conflicts (conflict management)

Required Skills (BA for Loans Management Systems implementation):

Experience in the Loans Life Cycle

• Loan Origination
• Loan Servicing
• Loan Maturity

Experience with various Consumer Loan Products

• Auto
• Housing
• Personal

Experience with various Corporate Loan Products

• Term Loans
• Line of Credit
• Working Capital Loans
• Asset based Loans