Principal Business Analyst - Financial Services

Placements24; Cape Town; On-site; ZAR 1,200,000 - 1,600,000; Full time

Benefits offered by this job

Competitive remuneration package

Growth opportunities in Cape Town

Exposure to challenging financials领域

Job summary

Placements24 is seeking a highly experienced Principal Business Analyst for our client, a prestigious management consultancy in Cape Town, Western Cape. You'll bridge business needs and tech solutions, focusing on financial services, shaping strategic initiatives, and delivering measurable value.

Based in Cape Town, you will lead client-facing engagements, mentor analysts, define requirements, and collaborate with project managers to manage scope and timelines.

Qualifications

• 8+ years of experience as a Business Analyst, with a significant focus on the financial services sector.
• In-depth knowledge of banking, insurance, or investment management operations.
• Strong understanding of Basel III, IFRS 9 regulatory frameworks.
• Excellent analytical, critical thinking, and problem-solving skills.
• Exceptional communication, negotiation, and stakeholder management abilities.
• Proven ability to manage requirements gathering and documentation for large-scale projects.
• Experience with agile and waterfall methodologies.
• Familiarity with business process re-engineering techniques.

Responsibilities

• Lead the analysis of complex business problems within the financial services industry, identifying root causes and opportunities for improvement.
• Define business requirements, functional specifications, and process models for diverse client projects.
• Facilitate workshops and stakeholder meetings with business users, IT teams, and senior management.
• Develop and execute test plans, ensuring that solutions meet business needs and quality standards.
• Translate complex technical information into clear, concise business documentation and presentations.
• Provide expert advice and guidance to clients on best practices in business analysis and process optimization.
• Mentor and guide junior business analysts and project team members.
• Collaborate with project managers to ensure project scope, timelines, and deliverables are managed effectively.
• Analyze industry trends and regulatory changes impacting the financial services sector.
• Contribute to the development of our client's consulting methodologies and thought leadership in financial services.

Skills

Analytical thinking

Problem-solving

Communication

Negotiation

Stakeholder management

Requirements gathering

Agile & Waterfall

Business process re-engineering

Education

Bachelor's degree in Business, Finance, Information Systems, or related field

Master's degree preferred

Job description

About the Role

Our client, a prestigious management consultancy, is looking for a highly experienced Principal Business Analyst to join their growing practice in Cape Town, Western Cape. This senior role is crucial for delivering impactful business solutions to clients within the financial services sector. You will be responsible for bridging the gap between business needs and technological solutions, ensuring that projects align with strategic objectives and deliver measurable value. The ideal candidate possesses a deep understanding of financial services operations, regulatory requirements, and a passion for driving business improvements. This is a fantastic opportunity to shape strategic initiatives and work with some of the most influential financial institutions in South Africa. You will play a key role in client-facing engagements, acting as a trusted advisor and subject matter expert. This role is based in our client's vibrant Cape Town office.

Key Responsibilities

• Lead the analysis of complex business problems within the financial services industry, identifying root causes and opportunities for improvement.
• Define business requirements, functional specifications, and process models for diverse client projects.
• Facilitate workshops and stakeholder meetings with business users, IT teams, and senior management.
• Develop and execute test plans, ensuring that solutions meet business needs and quality standards.
• Translate complex technical information into clear, concise business documentation and presentations.
• Provide expert advice and guidance to clients on best practices in business analysis and process optimization.
• Mentor and guide junior business analysts and project team members.
• Collaborate with project managers to ensure project scope, timelines, and deliverables are managed effectively.
• Analyze industry trends and regulatory changes impacting the financial services sector.
• Contribute to the development of our client's consulting methodologies and thought leadership in financial services.

Requirements

• Bachelor's degree in Business, Finance, Information Systems, or a related field; Master's degree preferred.
• A minimum of 8 years of experience as a Business Analyst, with a significant focus on the financial services sector.
• In-depth knowledge of banking, insurance, or investment management operations.
• Strong understanding of regulatory frameworks such as Basel III, IFRS 9, or similar.
• Excellent analytical, critical thinking, and problem-solving skills.
• Exceptional communication, negotiation, and stakeholder management abilities.
• Proven ability to manage requirements gathering and documentation for large-scale projects.
• Experience with agile and waterfall methodologies.
• Familiarity with business process re-engineering techniques.
• Must be based in or willing to relocate to Cape Town, Western Cape.

Benefits

• Highly competitive remuneration package.
• Opportunities for professional growth and development in Cape Town.
• Exposure to challenging and rewarding projects in the financial services domain.
• Comprehensive medical aid and retirement benefits.
• A stimulating work environment with a strong emphasis on teamwork and innovation.
• Annual performance bonuses and potential for advancement.
• Work with leading financial institutions in South Africa.