Avaloq Business Analyst - Technology/ Associate Director

HSBC Holdings plc; Pune District; On-site; INR 3,500,000 - 6,500,000; Full time

Job summary

HSBC is seeking an experienced Avaloq Technical Business Analyst to join our Pune team. You will work with stakeholders to understand goals, translate requirements into Avaloq specs, and document current and future processes, data flows, and interfaces.

The role requires strong Avaloq domain knowledge, banking process understanding, and ability to guide delivery teams through complex changes, upgrades, and migrations. This hybrid role offers growth within HSBC Software Development India.

Qualifications

• 10+ years of technology experience with 5+ years in Avaloq projects.
• Ability to document complex business rules and translate them into functional specs.
• Experience with testing and post-release support in Avaloq environments.

Responsibilities

• Understand business goals, processes, scope, users, controls and outcomes.
• Translate requirements into Avaloq functional and technical specifications.
• Document current and future processes, data flows and interfaces.
• Identify gaps between business needs and Avaloq capabilities.
• Assess impact of changes on Avaloq modules and integrations.
• Define interfaces, data mappings and non-functional requirements with teams.
• Produce complete specification documents and acceptance criteria.
• Support estimation, risk analysis and delivery planning.
• Clarify requirements for developers, testers and vendors.
• Define test scenarios for functional and integration testing.
• Analyse defects and operational issues across Avaloq processes.
• Assist data migration and validation work streams.
• Communicate decisions and risks to business and tech stakeholders.
• Prioritise changing requirements pragmatically.

Skills

Avaloq expertise

Stakeholder management

Business analysis

Requirements elicitation

Documentation

Data mapping

Regulatory knowledge

Analytical thinking

Problem solving

Effective communication

Tools

Avaloq Platform

Job description

Location: Pune, MH, IN, 411006

Brand: HSBC

Area of Interest: Technology

Role Workstyle: Hybrid Worker

Date: 15 Oct 2026

Some careers shine brighter than others.

If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Associate Director, Business Analysis

In this role, you will:

Key responsibilities

• Work with stakeholders to understand business goals, processes, scope, users, controls, and expected outcomes.
• Analyse requirements and translate them into clear Avaloq functional and technical requirements.
• Document current and future processes, business rules, data flows, interfaces, system dependencies, and operational impacts.
• Identify gaps between business needs and existing Avaloq functionality.
• Assess the impact of changes on Avaloq modules, configuration, customisation, integrations, data, reports, controls, and support processes.
• Recommend practical solutions that follow Avaloq standards and HSBC technology, risk, and control requirements.
• Work with solution architects and technical teams to define interfaces, data mappings, dependencies, and non-functional requirements.
• Support Avaloq configuration, customisation, workflow, and integration design.
• Produce functional specifications, technical requirement documents, process models, interface specifications, data mappings, and acceptance criteria.
• Support estimation by identifying scope, dependencies, delivery risks, and likely configuration, development, migration, and testing effort.
• Clarify requirements for developers, Avaloq specialists, testers, and vendors during delivery.
• Define test scenarios and expected results for functional, integration, regression, migration, and user acceptance testing.
• Analyse defects and production issues across Avaloq processes, configuration, custom code, interfaces, data, and connected systems.
• Support migration analysis, including data mapping, data quality rules, reconciliation, and migration validation.
• Assess the impact of regulatory, policy, and control changes on Avaloq processes and data.
• Work with Avaloq vendors and internal teams on enhancements, defects, releases, upgrades, and technical dependencies.
• Maintain traceability from the original requirement through design, implementation, testing, approval, and release.
• Communicate decisions, risks, dependencies, progress, and open issues clearly to both business and technical audiences.
• Help prioritise competing requirements and make practical recommendations when scope, timelines, or technical constraints conflict

To be successful in this role, you should meet the following requirements:

The Avaloq Technical Business Analyst supports Avaloq change and delivery activities across HSBC locations and different system landscapes.

The role requires strong knowledge of the Avaloq Banking Suite, combined with the ability to understand banking processes and explain technical impacts. The successful candidate can challenge unclear requirements, identify dependencies, document complex processes, and help delivery teams reach a safe and workable outcome.

Qualifications and experience

• 10+ Yrs of overall experience in technology and 5+ Yrs in executing projects using Avaloq skillset
• Strong hands-on experience with the Avaloq Banking Suite.
• Experience analysing Avaloq requirements for implementation, configuration, customisation, migration, upgrades, and integration.
• Practical understanding of Avaloq processes, product setup, workflows, data structures, interfaces, batch processing, and downstream systems.
• Experience taking Avaloq change requests from initial analysis through development, testing, implementation, and post-release support.
• Experience writing Avaloq functional specifications, technical requirements, interface definitions, data mappings, process flows, and acceptance criteria.
• Experience assessing the impact of Avaloq changes across connected systems, reporting, operations, controls, and regulatory processes.
• Experience working on major Avaloq implementation, migration, upgrade, or transformation programmes.
• Experience working with Avaloq vendors and understanding vendor standards, release processes, product constraints, and technical dependencies.
• Experience supporting functional, integration, regression, migration, and user acceptance testing for Avaloq solutions.
• Experience analysing defects and incidents involving Avaloq configuration, custom code, interfaces, data, or business processes.
• Experience with data migration, reconciliation, data quality, and migration validation in an Avaloq environment.
• Knowledge of transactional banking, securities, OTC trading, finance, lombard lending, and Private Bank products is an advantage.
• Understanding of banking controls, operational risk, regulatory requirements, and audit expectations.
• Ability to work with stakeholders across several banking domains.
• Ability to communicate clearly with business users, product owners, developers, testers, architects, vendors, and control functions.
• Strong analytical and problem‑solving skills, including root‑cause analysis and downstream impact assessment.
• Strong documentation and workshop facilitation skills.
• Ability to prioritise changing requirements and make pragmatic decisions.
• Ability to explain complex Avaloq, banking, data, and integration topics clearly in writing and verbally.

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by – HSBC Software Development India