Senior Business Analyst - Financial Services

Placements24; Vereeniging; On-site; ZAR 900,000 - 1,500,000; Full time

Benefits offered by this job

Competitive salary with bonuses

Medical aid and retirement benefits

Professional development opportunities

Exposure to diverse financial projects

Job summary

Placements24 is seeking a Senior Business Analyst in Vereeniging, Gauteng. The role focuses on bridging business needs with IT solutions within the financial sector, driving requirements gathering, analysis and documentation for software teams on-site.

You will own stakeholder management, translate requirements into detailed specs and contribute to regulatory-compliant financial solutions that enhance customer experience and operational efficiency in the Gauteng region.

Qualifications

• Bachelor's degree in a relevant field.
• Minimum 5 years of Business Analyst experience in financial services.
• Strong requirement gathering, analysis and documentation skills.
• Knowledge of financial products, banking operations and regulatory frameworks (FICA/POPIA).
• Experience with agile and waterfall methodologies.

Responsibilities

• Elicit and document business requirements from stakeholders.
• Translate needs into detailed functional specifications, user stories and use cases.
• Develop process flows, wireframes and mock-ups for proposed solutions.
• Facilitate workshops and meetings with business users and IT teams.
• Analyze data to identify trends, opportunities and risks.
• Support development and testing to ensure alignment with objectives.
• Act as a liaison between business units and IT throughout projects.
• Contribute to solution design and assess technical feasibility.
• Manage scope and change requests while maintaining documentation standards.

Skills

Analytical mindset

Stakeholder management

Excellent communication

Education

Bachelor's degree in Business Administration/Information Technology/Finance

Tools

JIRA

Confluence

Visio

Job description

About the Role

Our client, a leading financial services institution located in Vereeniging, Gauteng, is seeking a highly analytical and experienced Senior Business Analyst to join their IT and digital transformation team. This on-site role is crucial for bridging the gap between business needs and technology solutions within the demanding financial sector. You will be responsible for gathering and analyzing business requirements, defining project scope, and translating these into detailed functional specifications for software development teams. The ideal candidate possesses a deep understanding of financial products, processes, and regulatory requirements, coupled with exceptional stakeholder management skills. You will play a key part in driving the delivery of innovative and compliant financial solutions that enhance customer experience and operational efficiency in the Gauteng region. Your expertise will be vital for strategic project success.

Key Responsibilities

• Elicit, analyze, and document business requirements from various stakeholders across different departments.
• Translate business needs into detailed functional specifications, user stories, and use cases.
• Develop process flows, wireframes, and mock‑ups to visualize proposed solutions.
• Facilitate workshops and meetings with business users and technical teams.
• Analyze data to identify trends, opportunities, and potential risks.
• Support the development and testing phases of projects, ensuring solutions meet business objectives.
• Act as a liaison between business units and IT teams throughout the project lifecycle.
• Contribute to solution design and provide input on technical feasibility.
• Manage scope creep and change requests effectively.
• Ensure documentation adheres to company standards and regulatory requirements.

Requirements

• Bachelor's degree in Business Administration, Information Technology, Finance, or a related field.
• Minimum of 5 years of experience as a Business Analyst, preferably within the financial services industry.
• Proven experience in requirements gathering, analysis, and documentation.
• Strong understanding of financial products, banking operations, and regulatory frameworks (e.g., FICA, POPIA).
• Experience with agile and waterfall project methodologies.
• Proficiency in business analysis tools (e.g., JIRA, Confluence, Visio) and techniques.
• Excellent analytical, problem‑solving, and critical thinking skills.
• Exceptional communication, presentation, and interpersonal skills.
• Ability to manage multiple projects and prioritize effectively in a fast‑paced environment.
• Detail‑oriented with a commitment to delivering high‑quality solutions.

Benefits

• Competitive annual salary with potential for performance bonuses.
• Comprehensive medical aid and retirement fund benefits.
• Opportunities for professional development, certifications, and career advancement.
• Exposure to a wide range of financial projects and technologies.
• Collaborative and professional work environment.
• Defined contribution pension plan.
• Group life cover.