Senior Business Analyst – Credit & Risk / Regulatory Reporting

INFRASOFT TECHNOLOGIES PTE LTD; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

INFRASOFT TECHNOLOGIES PTE LTD is seeking a seasoned Business Analyst to drive requirements gathering, workshops and IT lifecycle activities for a banking Wealth Management program.

You will collaborate with Finance, vendor and technology teams to ensure data mappings, regulatory alignment and successful UAT, delivering organized backlogs and robust functional specifications.

Qualifications

• Should have worked as a Business Analyst for 10+ years in IT system implementations.
• Hands-on experience in credit-risk, Basel IV, IFRS9, and regulatory reporting.
• Knowledge of core banking concepts including loan/deposit lifecycles.

Responsibilities

• Organize workshops with stakeholders and assess business needs.
• Perform study with Finance teams and vendor/consulting teams to align requirements and data mappings.
• Drive and plan the application impact analysis after business workshops.
• Document detailed business requirements and functional specifications.
• Translate requirements into non-functional specs for technology teams.
• Conduct user acceptance testing (UAT) and ensure a smooth transition to new systems.
• Build and maintain the backlog of requirements and transformations.
• Coordinate with teams across divisions to deliver on program deliverables.

Skills

Business analysis

Stakeholder management

Requirements gathering

UAT

Basel IV knowledge

IFRS9 knowledge

Credit-risk

Core banking knowledge

Communication skills

Critical thinking

Job description

Responsibilities

Direct Responsibilities

• Organize workshops with respective stakeholders and assess business needs.
• Perform study with the Group & Local Finance teams and vendor/consulting team (if required) to align on the requirements, data mappings and functionalities/scope.
• Drive and plan the application impact analysis after Business workshop.
• Ensure the functional mappings/data comply with local and Group expectations.
• Documenting detailed business requirements and functional specifications.
• Translate the requirements into non-functional specifications for technology teams to develop.
• Conducting user acceptance testing (UAT) and ensuring a smooth transition to new systems.
• Identify any bottlenecks and recommend improvements.
• Collaborate with technology teams to ensure seamless integration and development of the application or data interface flows.
• Build and maintain the Backlog of requirements, transformations and adaptations.
• Work with various Stakeholders, to implement the deliverables and to resolve challenges and issues.
• Involvement in full development lifecycle, from Elaboration->Build->Transition->Production.
• Adhere to WMIS Governance and guiding principles.
• Business requirements consolidation and formal validation from sponsor/product owner.
• Prepare migration and testing strategy consolidation and formal validation
• Coordinate with all teams, from same division or other divisions, working on the same program
• Work with the development team, Business analyst, Solution architects, Application SMEs to design the functional solutions.

Functional & Behavioral Competencies

• Should have worked as a Business analyst at least for 10 years.
• Hands-on experience in the following areas in IT system implementations:
• Credit-risk (Limits, Collateral Management, Counterparty Risk)
• Regulatory Reporting (Knowledge on Basel IV, Site specific local regulatory requirements)
• Core banking (Knowledge on Loan/Deposit lifecycle)

• Demonstrable experience in a similar role in the Banking Wealth Management industry.
• Experience working throughout the entire IT project life cycle; including analyzing and documenting requirements, workshops, testing and stakeholder management throughout.
• Good knowledge and working capability of product life cycle like loans, deposits, forex, derivatives, limits, Guarantees, securities etc.
• Should have knowledge on Credit life cycle and IFRS9 reporting system implementation lifecycle.
• Should have good knowledge and understanding of the information flow and various business functions in a financial services/bank.
• Ability to prioritize and execute tasks in a high-pressure environment
• Able to conduct the workshops with business teams and challenge the requirements
• Collaborate with teams and work with groups effectively spread across various regions
• Strong critical thinker with problem solving aptitude.
• Responsible and good organization of work in each project phase.
• Excellent written and oral communication skills.