Business Analyst - Financial Services

Northern Trust; Pune District; On-site; INR 1,500,000 - 2,500,000; Full time

Job summary

Northern Trust in Pune, India, seeks a Senior Business Analyst to help define scope and translate business needs into actionable requirements within the SAFe delivery framework. You will collaborate with business partners and IT to ensure solutions meet scope and acceptance criteria.

In this role, you will drive end-to-end software lifecycle activities, support testing, data migration, and rollout readiness, leveraging experience in financial services and trade settlements.

Qualifications

• Experience gathering requirements and modelling processes with cross-functional teams.
• Translating business needs into clear requirements for IT and testing.
• Proven ability to manage product backlogs and support PI planning.

Responsibilities

• Gather requirements and define scope within SAFe delivery.
• Collaborate with business users to ensure requirements meet scope and acceptance criteria.
• Support build and unit testing, ensuring requirements are understood by engineering teams.
• Assist with UAT planning and execution, including data migration and rollout readiness.
• Support system testing and integration testing, and post-release monitoring.

Skills

Requirements gathering

Process modelling

Data analysis

SAFe Agile

Stakeholder management

Backlog management

Agile planning

Product Owner coordination

Education

MBA/PGDM

B.Com/BA/BE

Tools

Microsoft 365

Visio

Miro

ADO

Copilot

Job description

Cnslt, Business Analysis

About Northern Trust As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions. Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide. With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Summary

The Business Analysis function plays a key role during the onset of a project or program by helping define scope and create requirements by working closely with business partners to understand and translate needs using the SAFe delivery framework. This role serves as a contact for business during requirements gathering phase and to IT during the design, development, and testing phase. Functional expertise is required.

Key expectations for BA job spec

• End to end software development life cycle experience covering: Gathering requirements, process modelling and data analysis
• Working with the Business users to ensure that the requirements are gathered in line with the scope and fulfils all the requirements adequately to facilitate solution review and acceptance
• Supporting the technology teams through the build and unit test activities to ensure that all requirements are understood
• Working with business teams to elicit input and support the planning and execution of user acceptance testing
• Supporting the test team through pre-acceptance testing, system testing and system integration testing, test execution review and acceptance
• Assisting with operation readiness, data migration, user testing and roll-out as necessary, pre preparedness and post release monitoring (warranty period and fix deployments)

BA skills covering

• Carries out activities that are large in scope, cross‑functional and technically difficult with significant financial, client, and/or internal business impact.
• May have direct interaction with committees and/or Senior Management.
• More technically sound in area of expertise and has broader knowledge of other areas.
• Delivers a work product that requires less revision.
• Able to facilitate discussions and reach agreements.
• Able to manage respective product backlog and keep work items on track to the delivery date.
• Collaborate with Product owners and Project Managers to intake and manage incoming work items (Epics), support PI Planning, and define work breakdown structures, with proficiency in Agile planning and delivery.
• Able to define and document detailed Target Operating model for the implementation of the change.

Skill/ Domain Knowledge

• Experience of having worked in a Global Custody and/or Securities Servicing environment is key, Trade Settlement process knowledge is a must.
• Experience & knowledge on SAFe Agile delivery framework.
• Knowledge on tools like Micorsoft 365 tools, Visio, Miro and ADO and co-pilot.
• Strong communication skills, collaboration and stakeholder management.
• Experience of working in transformation programs or change projects.
• Ability to quickly interpret/decipher trends, identify early signs from available data and formulate effective strategies and actions in achieving program objectives.
• Highly flexible and adaptable to change.
• Having done Business Analysis role for 3 years or more.
• BA and Agile or SaFE Agile certifications are encouraged.

Experience

• 24 months as Associate Consultant.
• Seasoned candidate with financial services business knowledge and Trade Settlements functional expertise that has been developed over 8+ years and/or equivalent experience.

Education

• MBA/PGDM in any specialization.
• B.Com/BA/BE in any specialization.

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve. Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail] , or alternatively you can discuss your individual requirements with the recruiter you are working with.

About Our Pune Office

The Northern Trust Pune office, established in 2016, is now home to over 3,000 employees. The office handles various functions, including Operations for Asset Servicing and Wealth Management, as well as delivering critical technology solutions that support business operations across the globe. Our Pune team takes our commitment to service to heart. In 2024, they volunteered more than 10,000+ hours into the communities where they live and work. Learn more.

Experience Level

Senior Level