IT Business Analyst

FirstRand Bank Limited; Johannesburg; On-site; ZAR 900,000 - 1,500,000; Full time

Job summary

FirstRand Bank Limited is seeking a Senior Business Analyst to lead end-to-end analysis for Market Risk technology changes. You will translate regulatory obligations and business needs into functional, data, and control requirements, supporting testing and implementation validation.

You will collaborate across Risk, Technology, Data, and Operations to ensure traceability, end-to-end delivery, and risk-aware solutions within a complex financial services environment.

Qualifications

• Minimum eight years’ Business Analysis or Business/Systems Analysis experience.
• Experience in Market Risk, traded risk, financial-markets risk technology or a closely related risk domain.
• Experience translating complex methodologies, policies or regulatory needs into implementable technology, data and control requirements.
• Experience supporting complex change from analysis through testing and implementation validation.
• Preferred: Agile delivery environment experience and Agile certification; coaching or mentoring potential.

Responsibilities

• Lead end-to-end requirements elicitation, analysis, documentation, validation and change control.
• Translate Market Risk methodologies and regulatory needs into business rules, functional specifications, data requirements, controls and acceptance criteria.
• Analyse current and future-state processes, data flows and controls; complete gap, impact and dependency assessments.
• Facilitate workshops and align stakeholders across Market Risk, Global Markets business, Technology, Architecture, Data, Development, Testing, Operations, Finance and control functions.
• Maintain traceability from business or regulatory need through requirements, solution, testing and acceptance.
• Support solution design, backlog refinement, delivery clarification, test preparation, defect investigation and implementation readiness.
• Validate that calculations, business rules, transformations, data-quality controls and agreed outcomes have been implemented as specified.
• Escalate material risks, decisions and unresolved dependencies timeously; provide informal guidance to less-experienced analysts where required.

Skills

Business analysis

Elicitation

Process analysis

Data mapping

User stories

Acceptance criteria

Workshop facilitation

Stakeholder management

Influencing

Negotiation

Conflict resolution

Data analysis

Testing support

Defect analysis

Solution validation

Traceability

Communication

Education

Bachelor's degree or BTech in CS/IS/Math/Engineering/Finance/Risk Management

Job description

Job Description

The purpose of the role is as follows: To lead complex Business and Systems Analysis for Market Risk technology change within RMB Global Markets. Translate risk methodologies, regulatory obligations and business needs into clear functional, data, process and control requirements, and support delivery through testing and implementation validation.

Key Responsibilities

• Lead end-to-end requirements elicitation, analysis, documentation, validation and change control
• Translate Market Risk methodologies and regulatory needs into business rules, functional specifications, data requirements, controls and acceptance criteria
• Analyse current and future-state processes, data flows and controls; complete gap, impact and dependency assessments
• Facilitate workshops and align stakeholders across Market Risk, Global Markets business, Technology, Architecture, Data, Development, Testing, Operations, Finance and control functions
• Maintain traceability from business or regulatory need through requirements, solution, testing and acceptance
• Support solution design, backlog refinement, delivery clarification, test preparation, defect investigation and implementation readiness
• Validate that calculations, business rules, transformations, data-quality controls and agreed outcomes have been implemented as specified
• Escalate material risks, decisions and unresolved dependencies timeously; provide informal guidance to less-experienced analysts where required

Market Risk Knowledge

• Strong working knowledge, at a level appropriate to Business Analysis, of VaR, stress and scenario testing, P&L and risk factors, sensitivities, limits and Market Risk reporting
• Financial instruments and derivatives, including trade lifecycle, booking, positions, valuation and downstream risk processing
• Risk data quality, aggregation, reconciliation, controls and regulatory change
• Relevant regulatory frameworks, including Basel III/IV, FRTB and BCBS239; exposure to ICAAP or Pillar 3 is advantageous

Required Knowledge and Skills

• Business and Systems Analysis in complex, data-intensive environments
• Requirements elicitation, process analysis, business rules, functional specifications, data mapping, user stories and acceptance criteria.
• Workshop facilitation, stakeholder management, influencing, negotiation and constructive conflict resolution
• Data analysis covering sources, transformations, calculations, completeness, accuracy, timeliness and reconciliation
• Testing support, defect analysis, solution validation and requirements traceability
• Clear written and verbal communication for technical and non-technical audiences

Minimum Experience

• Minimum eight years’ Business Analysis or Business/Systems Analysis experience
• Demonstrable experience in Market Risk, traded risk, financial-markets risk technology or a closely related risk domain
• Experience translating complex methodologies, policies or regulatory needs into implementable technology, data and control requirements
• Experience supporting complex change from analysis through testing and implementation validation
• Proven delivery across business, risk, data and technology stakeholders

Qualifications

Relevant Bachelor's degree or BTech in Computer Science, Information Systems, Mathematics, Engineering, Finance, Risk Management or a related discipline Preferred / Advantageous Experience in an Agile delivery environment Practical exposure to FRTB, Basel-related Market Risk change, BCBS239, ICAAP, Pillar 3 or regulatory risk reporting Business Analysis, financial-markets, risk, data or Agile certification Coaching or mentoring experience and demonstrated potential for future people leadership

Important Closing Date Note

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below. 23/10/26 All appointments will be made in line with FirstRand Group's Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties. FirstRand provides a comprehensive range of financial services in South Africa and certain markets in broader Africa. The group also offers certain niche products and services in the UK and India. Listed on the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange (NSX), FirstRand Limited is the largest financial institution by market capitalisation in Africa. The group follows a multi-branding approach. Its portfolio of financial services businesses includes FNB, RMB, WesBank, Ashburton Investments, Aldermore, MotoNovo and DirectAxis. Many are leaders in their respective segments and markets, offering transactional, lending, investment and insurance products and services The FirstRand Corporate Centre houses many of the critical functions required by a large and complex financial services group. The group’s track record of delivering superior returns to shareholders has been achieved through a combination of organic growth, acquisitions, innovation and the creation of completely new businesses. The group’s purpose of delivering Shared Prosperity provides many opportunities for employees to innovate to address social and environmental challenges in our markets. All of our businesses have successful Volunteering programmes which also allow employees to adopt and support causes close to their hearts.