Business Analyst

Paracon; Sandton; On-site; ZAR 900,000 - 1,500,000; Full time

Job summary

Paracon seeks a Senior Analyst: Business & Systems Analysis (Reference Data) to shape strategic initiatives, modernization programmes, and AI-enabled analysis across the organisation.

The role leads discovery, documents requirements, and ensures solutions align with regulatory and operational needs, working with business and tech stakeholders to deliver quality artefacts.

Qualifications

• Bachelor’s Degree in Computer Science, Information Systems, Information Technology or Engineering or a related field.
• Business Analysis Certification (CBAP, CCBA, or equivalent).
• Agile certifications such as PSPO, SAFe, or IIBA-AAC advantageous.
• Exposure to AI-assisted analysis or software engineering tooling highly advantageous.

Responsibilities

• Lead requirements elicitation workshops, stakeholder interviews, and discovery sessions.
• Analyse complex business processes, system interactions, and operational workflows.
• Produce high-quality business requirements, functional specifications, user stories, process models, and acceptance criteria.
• Maintain full requirements traceability from business need through testing and implementation.
• Conduct impact assessments, feasibility studies, and solution evaluations.
• Collaborate with architects and engineering teams during solution design.
• Review technical specifications to ensure business requirements are fully addressed.
• Support testing, defect analysis, user acceptance testing, and change management activities.
• Drive continuous improvement initiatives within the Analysis & Design Centre of Enablement.

Skills

Requirements Elicitation

Business Process Modelling

Agile Delivery Methodologies

User Story Development

Acceptance Criteria Definition

SDLC & Software Delivery Practices

Integration & API Analysis

Reference Data Management

Stakeholder Management

Workshop Facilitation

Testing & Validation Support

AI-Assisted Analysis Tools

Education

Computer Science

Information Systems

Information Technology

Engineering

Business Analysis Certification

Job description

Are you a highly experienced Business Analyst with a passion for solving complex business and technology challenges? Do you thrive in environments where you can bridge business needs, technology solutions, and innovation? Our company is looking for a Senior Analyst: Business & Systems Analysis (Reference Data) to play a critical role in shaping strategic initiatives, modernization programmes, and AI-enabled analysis practices across the organization.

This is an exciting opportunity to join a high-performing team responsible for driving business and systems analysis excellence while contributing to the future of capital markets technology.

About the Role

As a Senior Analyst: Business & Systems Analysis, you will lead the discovery, analysis, documentation, validation, and optimization of business and system requirements across complex enterprise initiatives.

You will work closely with business stakeholders, product owners, architects, engineers, testers, and delivery teams to ensure that solutions are aligned to strategic objectives, regulatory requirements, and operational needs.

A key focus of the role will be leveraging AI-assisted analysis techniques to accelerate requirements gathering, reverse engineering, system modernization, and business process improvement.

Key Responsibilities

Business & Systems Analysis

• Lead requirements elicitation workshops, stakeholder interviews, and discovery sessions.
• Analyse complex business processes, system interactions, and operational workflows.
• Produce high-quality business requirements, functional specifications, user stories, process models, and acceptance criteria.
• Maintain full requirements traceability from business need through testing and implementation.
• Conduct impact assessments, feasibility studies, and solution evaluations.

Stakeholder Engagement

• Build trusted relationships across business and technology teams.
• Facilitate workshops and decision-making sessions with senior stakeholders.
• Manage competing priorities and drive consensus across multiple audiences.
• Communicate project status, risks, dependencies, and recommendations effectively.

AI-Enabled Analysis & Reverse Engineering

• Utilise AI-assisted tools to analyse legacy applications, source code, message schemas, integrations, and operational data.
• Recover business rules, requirements, and process logic where documentation is limited or unavailable.
• Generate and validate AI-assisted requirements, test scenarios, acceptance criteria, and solution artefacts.
• Contribute to the adoption and evolution of AI-driven analysis practices across the organisation.

Solution Design & Delivery Support

• Collaborate with architects and engineering teams during solution design.
• Review technical specifications to ensure business requirements are fully addressed.
• Support testing, defect analysis, user acceptance testing, and change management activities.
• Drive continuous improvement initiatives within the Analysis & Design Centre of Enablement.

Qualifications

• Bachelor's Degree in:
• Computer Science
• Information Systems
• Information Technology
• Engineering Or a related field
• Business Analysis Certification (CBAP, CCBA, or equivalent).
• Agile certifications such as PSPO, SAFe, or IIBA-AAC advantageous.
• Exposure to AI-assisted analysis or software engineering tooling highly advantageous.

Experience

• 10+ years' experience as a Business Analyst, Systems Analyst, or similar analysis role.
• Minimum 3 years working on complex, enterprise-scale, cross-functional initiatives.
• Experience across multiple business and technology domains.
• Strong background in system modernization, migration, or legacy replacement projects.
• Demonstrated experience applying AI-assisted tools within analysis activities.
• Financial services, capital markets, exchange, banking, or regulated industry experience strongly preferred.

You will stand out if you have experience with:

• Requirements Elicitation & Management
• Business Process Modelling (BPMN)
• Agile Delivery Methodologies
• User Story Development
• Acceptance Criteria Definition
• SDLC & Software Delivery Practices
• Integration & API Analysis
• Reference Data Management
• Stakeholder Management
• Workshop Facilitation
• Testing & Validation Support
• AI-Assisted Analysis Tools

We are seeking a professional who demonstrates:

• Analytical Thinking & Problem Solving
• Strong Business Acumen
• Stakeholder Influence & Facilitation Skills