Senior Business Analyst - Banking Systems

Placements24; Benoni; Hybrid; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Medical aid

Retirement fund contributions

Performance incentives

Hybrid office time in Benoni

Job summary

Placements24 is seeking a Senior Business Analyst to enhance core banking systems in Benoni, Gauteng. This hybrid role blends on-site collaboration with remote work, translating business needs into technical specifications for banking solutions.

You will work with stakeholders, IT teams, and project managers to define requirements, optimize processes, and drive digital transformation in the Banking & Finance sector.

Qualifications

• 5+ years as a Business Analyst, Banking & Finance preferred.
• Strong analytical, problem-solving and critical thinking.
• Experience with core banking or payment systems is a plus.
• Excellent communication and stakeholder management skills.

Responsibilities

• Elicit, analyze, and document business requirements for banking systems.
• Translate needs into functional specs, user stories and flows.
• Collaborate with IT to ensure correct implementation.
• Facilitate workshops with stakeholders to gather requirements.
• Conduct gap analysis between current and future processes.
• Develop test cases and assist in UAT.
• Identify improvements and automation opportunities in banking processes.
• Provide end-user training on new system capabilities.
• Support project management activities including scope and risk.
• Keep up-to-date with banking tech trends and regulatory changes.

Skills

5+ years BA experience

SDLC methodologies

Analytical & problem-solving

Requirements gathering

Stakeholder communication

Education

Bachelor’s degree in IT / Business / Finance

Job description

About the Role

Our client, a leading financial services organization, is seeking a skilled Senior Business Analyst to enhance their core banking systems in **Benoni, Gauteng**. This hybrid role requires a blend of on-site collaboration and remote flexibility, focusing on understanding business needs and translating them into functional specifications for technology solutions. You will work closely with business stakeholders, IT teams, and project managers to define requirements, optimize processes, and ensure the successful implementation of new banking technologies. This is an excellent opportunity for an experienced Business Analyst with a strong background in the **Banking & Finance** sector to contribute to critical system improvements and drive digital transformation initiatives within **Benoni**. We are looking for individuals who can bridge the gap between business strategy and technology execution.

Key Responsibilities

• Elicit, analyze, and document business requirements for banking systems and applications.
• Translate business needs into detailed functional specifications, user stories, and process flows.
• Collaborate with IT development teams to ensure accurate implementation of requirements.
• Facilitate workshops and meetings with business stakeholders to gather requirements and validate solutions.
• Conduct gap analysis between current and future state processes and systems.
• Develop test cases and participate in user acceptance testing (UAT) to ensure solutions meet business needs.
• Analyze existing banking processes and identify opportunities for improvement and automation.
• Provide support and training to end-users on new system functionalities.
• Assist in project management activities, including scope definition, planning, and risk assessment.
• Stay updated on industry trends and best practices in business analysis and banking technology.

Requirements

• Bachelor's degree in Information Technology, Business Administration, Finance, or a related field.
• Minimum of 5 years of experience as a Business Analyst, preferably within the **Banking & Finance** industry.
• Proven experience in analyzing and defining requirements for core banking systems, payment systems, or other financial applications.
• Strong understanding of SDLC methodologies (Agile, Waterfall) and business analysis tools.
• Excellent analytical, problem-solving, and critical thinking skills.
• Proficiency in requirements gathering techniques and documentation.
• Strong communication, presentation, and interpersonal skills, with the ability to engage effectively with diverse stakeholders.
• Experience in conducting UAT and supporting system implementations.
• Ability to work independently and collaboratively in a hybrid work environment.
• Familiarity with regulatory requirements in the banking sector is a plus.

Benefits

Our client offers a competitive salary and benefits package, including medical aid, retirement fund contributions, and performance incentives.

This hybrid role provides a balanced approach to work and life, with dedicated office time in **Benoni** and flexibility for remote work.

Opportunities for professional development, continuous training, and career progression within a dynamic **Banking & Finance** organization are readily available.

Join our client and be instrumental in shaping the future of their banking technology.