Senior Business Analyst (Banking)

Placements24; Paarl; Hybrid; ZAR 600,000 - 900,000; Full time

Benefits offered by this job

Remote work

Annual reviews

Bonuses

Health insurance

Retirement plan

Professional development

Job summary

Placements24 is seeking an experienced Senior Business Analyst to join a remote-first digital transformation team in the banking sector. You will elicit, analyze, document, and validate business requirements for new banking products, system enhancements, and process improvements to ensure alignment with strategic objectives.

You will translate needs into user stories, collaborate with IT and business stakeholders, and drive workshops, gap analyses, and validation activities across multiple

Qualifications

• Bachelor's degree in Business Administration, IT, Finance, or related field.
• Minimum 5 years of experience as a Business Analyst in banking/financial services.
• Experience elicitation, documentation, and management.
• Strong understanding of banking processes, products, and regulations.

Responsibilities

• Elicit, analyze, and document business, functional, and non-functional requirements for banking systems and applications.
• Translate business needs into user stories, process flows, and functional specs.
• Collaborate with stakeholders across business units, IT, and project management to ensure alignment.
• Facilitate workshops and meetings to gather requirements and drive consensus.
• Conduct gap analysis and propose solutions to meet business objectives.
• Support testing and validation of solutions to ensure defined requirements.
• Assist in change management activities and user training.
• Identify opportunities for process improvement and system optimization.
• Maintain requirement documentation throughout the project lifecycle.

Education

Bachelor's degree in Business Administration/IT/Finance

Tools

JIRA

Confluence

UML

BPMN

Job description

About the Role

Our client, a leading financial services group, is seeking an experienced Senior Business Analyst to join their innovative digital transformation team, operating on a fully remote basis. This pivotal role involves bridging the gap between business needs and technology solutions within the banking sector. You will be responsible for eliciting, analyzing, documenting, and validating business requirements for new banking products, system enhancements, and process improvements. Your expertise will be critical in ensuring that technology initiatives align with strategic business objectives and deliver tangible value. This is a remote-first opportunity, allowing you to collaborate with a diverse and talented team across various locations. You will play a key part in shaping the future of digital banking services for our client.

Key Responsibilities

• Elicit, analyze, and document business, functional, and non-functional requirements for banking systems and applications.
• Translate business needs into clear and concise user stories, process flows, and functional specifications.
• Collaborate with stakeholders across business units, IT, and project management to ensure alignment.
• Facilitate workshops and meetings to gather requirements and drive consensus.
• Conduct gap analysis and propose solutions to meet business objectives.
• Support the testing and validation of solutions to ensure they meet defined requirements.
• Assist in change management activities and user training.
• Identify opportunities for process improvement and system optimization.
• Maintain requirement documentation throughout the project lifecycle.

Requirements

• Bachelor's degree in Business Administration, Information Technology, Finance, or a related field.
• Minimum of 5 years of experience as a Business Analyst, with a significant focus on the banking or financial services industry.
• Proven experience in requirements elicitation, documentation, and management.
• Strong understanding of banking processes, products (e.g., loans, accounts, payments), and regulations.
• Proficiency in using business analysis tools and methodologies (e.g., UML, BPMN).
• Excellent analytical, problem-solving, and critical thinking skills.
• Strong communication, facilitation, and stakeholder management skills.
• Ability to work effectively in a remote, collaborative environment.
• Experience with Agile methodologies (Scrum, Kanban) is essential.
• Familiarity with JIRA, Confluence, or similar tools is desirable.

Benefits

• Competitive salary package with annual reviews.
• Performance-based bonuses and potential for long-term incentives.
• Comprehensive health, dental, and vision insurance.
• Generous retirement savings plan.
• Professional development opportunities and certifications.
• Fully remote work arrangement offering excellent flexibility.
• Opportunity to contribute to significant digital transformation projects.
• Collaborative and supportive virtual team culture.