Senior Business Analyst - Banking Systems

Placements24; Randburg; On-site; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Medical aid

Retirement fund contributions

Competitive salary

Job summary

Placements24 partners with a leading financial services provider to recruit a Senior Business Analyst in Randburg, Gauteng. The role bridges business needs and technology, focusing on core banking systems, requirements gathering, and documenting functionalities to drive strategic initiatives.

You will analyze processes, create functional specs and user stories, support UAT, and collaborate with IT, business units, and external vendors to deliver solutions that improve efficiency and banking

Qualifications

• Bachelor's degree in Information Technology, Business Administration, Finance, or a related field.

Responsibilities

• Elicit, analyze, and document business requirements for banking system enhancements and new projects.
• Translate business requirements into functional specifications, user stories, and process flows for the development team.
• Conduct gap analysis between current and future state processes and systems.
• Collaborate with stakeholders across business units, IT, and external vendors to ensure alignment and delivery.
• Facilitate user acceptance testing (UAT) and support during implementation phases.
• Analyze existing business processes and identify opportunities for improvement through technology.
• Develop and maintain relationships with key stakeholders in Randburg.
• Contribute to project planning, scope definition, and risk assessment.
• Ensure that all implemented solutions meet business objectives and quality standards.

Skills

Requirement elicitation

Documentation

Process modeling

Analytical thinking

Communication

Stakeholder management

Agile & Waterfall

Education

Bachelor's degree in IT/Business/Finance

Tools

UML

BPMN

JIRA

Confluence

Job description

About the Role

Our client, a leading financial services provider, is looking for an experienced Senior Business Analyst to join their technology division in **Randburg, Gauteng**. This role is crucial for bridging the gap between business needs and technology solutions, focusing on the enhancement and development of core banking systems. The successful candidate will be responsible for gathering and documenting business requirements, analyzing system functionalities, and ensuring that technology initiatives align with strategic business objectives. You will play a vital role in optimizing our client's banking platforms and driving operational efficiency within the **Randburg** region.

Key Responsibilities

• Elicit, analyze, and document business requirements for banking system enhancements and new projects using various techniques (e.g., workshops, interviews, surveys).
• Translate business requirements into functional specifications, user stories, and process flows for the development team.
• Conduct gap analysis between current and future state processes and systems.
• Collaborate closely with stakeholders across business units, IT, and external vendors to ensure alignment and successful project delivery.
• Facilitate user acceptance testing (UAT) and provide support during the implementation phases.
• Analyze existing business processes and identify opportunities for improvement through technology.
• Develop and maintain strong relationships with key business stakeholders in **Randburg**.
• Contribute to project planning, scope definition, and risk assessment.
• Ensure that all implemented solutions meet the defined business objectives and quality standards.

Requirements

• Bachelor's degree in Information Technology, Business Administration, Finance, or a related field.
• A minimum of 5 years of experience as a Business Analyst, preferably within the banking or financial services industry.
• Proven experience in requirement elicitation, documentation, and process modeling.
• Strong understanding of core banking systems, financial products, and financial services workflows.
• Excellent analytical, problem-solving, and critical thinking skills.
• Proficiency in using business analysis tools and techniques (e.g., UML, BPMN, JIRA, Confluence).
• Exceptional communication, facilitation, and interpersonal skills.
• Ability to manage multiple tasks and priorities effectively in a dynamic environment.
• Experience with Agile and Waterfall methodologies is required.

Benefits

Our client offers a competitive salary, performance-based incentives, and a comprehensive benefits package including medical aid and retirement fund contributions. Opportunities for professional growth and development are actively encouraged. The company provides a stimulating work environment that values collaboration and innovation. This role is based in **Randburg** and offers excellent potential for career advancement within the financial technology space.