Senior Business Analyst : Banking / Clover Infotech

Clover Infotech; Mumbai; On-site; INR 1,400,000 - 2,200,000; Full time

Job summary

Clover Infotech is seeking a Senior Business Analyst for Banking who will bridge RBI regulatory requirements with bank stakeholder needs and our engineering team. You will own requirements for a platform used by compliance, risk, and tech teams to ensure audit-readiness, demanding precision, regulatory fluency, and strong stakeholder management.

You will translate RBI guidelines into functional specs, lead requirements sessions with CROs/CDOs/CTOs, and maintain SRS across modules like AuditTrail

Qualifications

• 5+ years as BA in banking/FS with regulatory/compliance projects
• Strong RBI regulatory framework knowledge
• Experience writing BRDs/SRS for enterprise banking systems
• Ability to run workshops with senior banking stakeholders

Responsibilities

• Translate RBI frameworks into functional requirements and user stories
• Lead requirements gathering with bank stakeholders during PoC and pilots
• Own and maintain SRS across modules with regulatory mapping
• Design and validate demo scenarios aligned to RBI guidelines
• Collaborate with compliance to keep requirements current
• Produce executive briefs and detailed developer docs
• Support UAT with anchor bank clients and traceability

Skills

Banking domain

Regulatory compliance

BRD/SRS writing

Stakeholder workshops

Core banking knowledge

API-first design familiarity

Documentation

JIRA/Confluence

Tools

JIRA

Confluence

Visio

Lucidchart

Job description

Job Role: Senior Business Analyst Banking

Experience: 5+ Yrs.

Work Location: Andheri (East), Mumbai (WFO)
Employment Type: Full-Time

Role Summary

We're hiring a Senior Business Analyst with deep banking domain experience to bridge the gap between RBI/regulatory requirements, bank stakeholder needs, and our engineering team. You'll own requirements definition for a platform that banking compliance, risk, and technology teams will rely on for audit-readiness so precision, regulatory fluency, and stakeholder management matter as much as BA fundamentals.

Key Responsibilities

• Translate RBI regulatory frameworks (FREE-AI Committee recommendations, IT Risk & Cyber Framework, Digital Lending Guidelines, DPDP Act) into detailed functional requirements and user stories for engineering
• Lead requirements gathering with bank stakeholders CROs, CDOs, Internal Audit heads, CTOs — during PoC and pilot engagements
• Own and maintain the Software Requirements Specification (SRS) across modules (AuditTrail, DataGuard, ModelWatch, ComplianceGen), including functional/non-functional requirements, acceptance criteria, and regulatory-mapping documentation
• Design and validate demo scenarios (e.g., loan decisioning workflows) for internal consistency against module trigger logic and RBI Digital Lending Guidelines
• Partner with the compliance/domain expert to keep requirements aligned as RBI guidance evolves
• Produce audience-specific documentation — executive briefings, developer onboarding docs, sponsor decks — each with appropriate tone and depth
• Support UAT with anchor bank clients; manage requirement traceability from regulatory clause to feature to test case
• Conduct gap analysis when regulatory frameworks change or when module scope decisions (e.g., MVP consolidation) ripple into existing demo narratives, competitive positioning, or documentation
• Work closely with the Tech Lead/Architect on core banking system (CBS) integration requirements (Finacle, Temenos, Flexcube) and data flows that must respect the bank-perimeter architecture

Required Qualifications

• 5+ years as a Business Analyst on banking/financial services applications, with at least 3 years on projects involving regulatory or compliance systems (MRM, AML, KYC, fraud, audit, or risk platforms)
• Strong working knowledge of RBI regulatory frameworks — IT Risk & Cyber Security Framework, Outsourcing Guidelines, Digital Lending Guidelines, Master Direction on Fraud Risk Management; familiarity with DPDP Act 2023 obligations (consent, purpose limitation, data minimisation)
• Experience writing BRDs/SRS/user stories for enterprise banking systems, ideally with exposure to core banking systems (CBS), audit trail/logging systems, or model risk management tooling
• Proven ability to run stakeholder workshops with senior banking personas (CRO, CCO, CDO, Internal Audit) and translate ambiguous regulatory language into testable requirements
• Comfortable working with technical architecture documentation and cross-functional engineering teams (familiarity with concepts like API-first design, data pipelines, or event-driven architecture is a plus, not a requirement to code)
• Excellent written communication — able to produce crisp, risk-framed documents for leadership as well as detailed specs for developers
• Experience with tools: JIRA/Confluence, Visio/Lucidchart or similar for process/data flow diagrams