Business Analyst — Avaloq Banking Transformation

Synpulse; Maharashtra; On-site; INR 2,500,000 - 4,000,000; Full time

Benefits offered by this job

Insurance

Career Development

Flexible Work hours

Learning Opportunities

Inclusive culture

Job summary

Synpulse is seeking a Business Analyst in Maharashtra, India to bridge business stakeholders and Avaloq delivery teams. You will elicit requirements, shape Avaloq-ready designs, and own the requirement thread end-to-end from front-office pain points to go-live.

You will manage BRDs, FSDs and user stories, coordinate across parallel workstreams and contribute to both Agile and Waterfall setups, ensuring precision in specs and delivery quality.

Qualifications

• Bachelor's degree in Business, IT, Computer Science, Finance, Engineering or related discipline.
• 5–10 years of Business Analysis experience, of which at least 3 years in banking or financial services.
• Avaloq: Hands-on delivery experience on the Avaloq Banking Suite — discuss Avaloq business objects, parameters and functional design decisions.
• Delivery on at least one large-scale core banking transformation programme, end to end.
• Greenfield exposure: end-to-end design through to go-live.
• Cross-workstream coordination across parallel workstreams and interfaces.
• Authorship of BRDs, FSDs, user stories, process maps and traceability matrices.
• Experience in both Agile and Waterfall delivery environments.
• Excellent written and verbal English; write specifications for developers.

Responsibilities

• Process Analysis & Avaloq Solution Design.
• Stakeholder Engagement & Governance.
• Agile Delivery & Backlog Management.
• Delivery Assurance, Data Validation & Go-Live.
• Requirements Engineering & Documentation.
• Lead functional workstream end to end with client and shape BRD for development.
• Map As-Is/To-Be processes and perform gap analysis against Avaloq functionality.
• Coordinate with Solution Architects and Product Owners for optimal design.

Skills

Avaloq

BRDs/FSDs/User stories

Stakeholder engagement

Agile & Waterfall

SQL

JIRA/Azure DevOps

Excel (Advanced)

Education

Bachelor's degree in Business/IT/CS/Finance/Engineering

Tools

Avaloq Banking Suite

JIRA

Azure DevOps

Confluence

SQL

Advanced Excel

Job description

About the Role:

As Business Analyst you are the bridge between business stakeholders and Avaloq delivery squads: you elicit and challenge requirements, shape them into Avaloq-executable functional designs, and stay accountable for them through build, SIT, UAT and go-live.

Job Description

About the Role:

As Business Analyst you are the bridge between business stakeholders and Avaloq delivery squads: you elicit and challenge requirements, shape them into Avaloq-executable functional designs, and stay accountable for them through build, SIT, UAT and go-live.

This is a hands‑on delivery role on large, multi‑workstream Avaloq programmes. You will own the requirement thread end to end — from a business pain point in the front office to a signed‑off UAT result in production.

Job Requirements

Required Skills & Qualifications

• Bachelor's degree in Business, Information Technology, Computer Science, Finance, Engineering or a related discipline.
• 5–10 years of Business Analysis experience, of which at least 3 years in banking or financial services.
• Avaloq: Hands-on delivery experience on the Avaloq Banking Suite — a firm requirement for this role. You must be able to discuss Avaloq business objects, parameters and functional design decisions unaided.
• Demonstrated delivery on at least one large-scale core banking transformation programme, end to end.
• Greenfield: Proven exposure to a greenfield implementation, with end-to-end command of your workstream from initial design through to go-live.
• Cross-workstream: Track record of coordinating across parallel workstreams — engaging other workstream owners to surface cross-impacts, agree interface and data dependencies, and keep design decisions aligned programme-wide.
• Proven authorship of BRDs, FSDs, user stories, process maps and traceability matrices.
• Experience in both Agile and Waterfall delivery environments.
• Excellent written and verbal English, with the ability to write specifications that a developer can build from without further explanation.

TOOLS & TECHNICAL SKILLS

Avaloq Banking Suite (functional)

• Requirements management
• BPMN / Visio process modelling
• JIRA & Azure DevOps
• Confluence
• SQL (preferred)
• Advanced Excel (pivots, lookups, reconciliation)
• Functional testing, SIT & UAT management
• Business process re-engineering

Job Responsibilities

Key Responsibilities

• 2. Process Analysis & Avaloq Solution Design
• 3. Stakeholder Engagement & Governance
• 4. Agile Delivery & Backlog Management
• 5. Delivery Assurance, Data Validation & Go-Live

• Requirements Engineering & Documentation
• Elicit requirements through workshops, stakeholder interviews and process observation across front, middle and back office.
• Translate business needs into Business Requirement Documents (BRDs), Functional Specification Documents (FSDs), user stories and acceptance criteria.
• Author Avaloq-specific functional designs covering impacted business objects, parameters, interfaces, reports and batch processing.
• Own and maintain the Requirements Traceability Matrix (RTM) from business need through to test evidence.
• Lead a functional workstream end to end with the client and understand business scope, requirements in full detail and granularity to shape the BRD for development.
• Map "As-Is" processes, define the "To-Be" target state, and perform gap and impact analysis against standard Avaloq functionality.
• Distinguish standard Avaloq capability from customisation, and justify every deviation on cost, risk and upgrade impact.
• Work with Solution Architects, Product Owners and Avaloq technical consultants to select the optimal design option.
• Identify automation and simplification candidates in manual operations, and quantify the effort/benefit case for each.
• Act as the primary functional liaison between business users, operations, risk, compliance and the delivery squads.
• Constructively challenge senior stakeholders where requirements conflict, and drive them to a single agreed position.
• Secure formal sign-off on requirements and designs, and manage scope change through the agreed governance process.
• Report progress, risks, issues and dependencies clearly to programme management.
• Build, refine and prioritise the backlog in JIRA or Azure DevOps alongside the Product Owner.
• Write INVEST-compliant user stories with testable acceptance criteria.
• Participate in sprint planning, stand-ups, reviews and retrospectives; resolve requirement clarifications within the sprint.
• Design and review test scenarios and test cases; drive SIT, UAT and business validation to completion.
• Coordinate UAT execution with business users and lead defect triage, prioritisation and retesting.
• Support data migration and reconciliation: field mapping, data quality analysis, remediation rules and pre/post-migration validation.
• Support regulatory, MIS and reporting workstreams where in scope.
• Prepare training material and business readiness artefacts; support cutover, hypercare and post-go-live stabilisation.

Job Benefits

• Insurance
• Career Development
• Flexible Work hours
• Learning Opportunities
• Inclusive and collaborative work culture