Business Analyst
4 months ago
The Business Analyst in Banking will act as the liaison between business stakeholders and technical teams, ensuring that banking processes are optimized and aligned with strategic goals. You will analyze current banking operations, identify areas for improvement, and collaborate on system enhancements or process adjustments that boost efficiency and meet regulatory requirements. This role requires deep banking industry knowledge and the ability to work across multiple departments to ensure project success.
**Requirement Gathering**: Engage with stakeholders (operations, compliance, finance) to understand business needs, document functional and technical requirements, and translate them into actionable specifications.
**Process Analysis**: Evaluate existing banking processes to identify gaps, inefficiencies, or opportunities for improvement and recommend solutions.
**Data Analysis**: Analyze banking data to provide insights into operations, customer behavior, and risk exposure, helping the bank make data-driven decisions.
**Solution Design**: Collaborate with IT teams to design and implement banking software solutions, ensuring alignment with business objectives.
**Regulatory Compliance**: Ensure all banking processes and proposed solutions meet the applicable regulatory standards (e.g., AML, KYC, Basel III).
**Project Management Support**: Work closely with project managers to ensure timely delivery of initiatives, track milestones, and communicate updates to stakeholders.
**User Testing & Training**: Conduct user acceptance testing (UAT), ensuring that implemented solutions meet business needs, and assist in training end users.
**Documentation**: Create detailed documentation, including business requirements, process flows, and system designs for internal and external stakeholders.
**Stakeholder Communication**: Act as a point of contact between business users and IT teams, ensuring that the proposed solutions meet the banking business needs.
**Risk Management**: Identify risks associated with proposed solutions and processes, providing mitigation strategies as necessary.
**Requirements**:
- **Educational Background**: Bachelor’s degree in Banking, Finance, Business Administration, Information Systems, or a related field.
- **Experience**:
- 3-5 years of experience as a Business Analyst within the banking sector or financial services industry.
- Experience with core banking systems, digital banking platforms, and banking operations.
- **Technical Skills**:
- Proficiency in banking software and tools (e.g., core banking systems, CRM tools).
- Knowledge of SQL, data analysis tools, and process mapping tools (e.g., Visio).
- **Analytical Skills**: Strong analytical and problem-solving abilities, with attention to detail.
- **Communication**: Excellent written and verbal communication skills, with the ability to explain complex concepts to non-technical stakeholders.
- **Project Management**: Experience working on cross-functional teams, and familiarity with project management methodologies (e.g., Agile, Waterfall).
- **Knowledge of Regulations**: Familiarity with banking regulations such as AML, KYC, Basel III, or others as relevant to the region.
- **Soft Skills**: Ability to work in a fast-paced environment, manage multiple projects, and meet deadlines. Strong collaboration and teamwork abilities.
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