Senior Business Analyst - Financial Services - Soweto

Placements24; Soweto; Hybrid; ZAR 900,000 - 1,200,000; Full time

Benefits offered by this job

Medical aid

Retirement fund

Professional development

Hybrid work environment

Bonuses

Job summary

Placements24 is seeking an experienced Senior Business Analyst to join our growing financial services team in Soweto, Gauteng. The role involves bridging business needs with technology solutions, gathering requirements, analyzing processes, and documenting functional specs for system enhancements and new product development.

The ideal candidate has 5+ years in business analysis within financial services, strong BPMN and IT documentation skills, and the ability to work in a hybrid, onsite-capable

Qualifications

• Bachelor's degree in Business Administration, Finance, IT or a related field.
• Minimum of 5 years of experience as a Business Analyst, preferably in financial services.
• Strong understanding of financial products, services and regulatory requirements.
• Proven experience in elicitation, process modeling (BPMN) and functional specification documentation.
• Proficiency with JIRA, Confluence and diagramming tools (Visio).
• Excellent analytical, problem-solving and communication skills.

Responsibilities

• Elicit, analyze, and document business requirements from stakeholders across financial service domains.
• Translate business needs into detailed functional and non-functional specifications for IT solutions.
• Map and analyze current state business processes and identify opportunities for improvement.
• Facilitate workshops and meetings to define project scope and deliverables.
• Develop user stories, use cases, and process flows to articulate requirements.
• Collaborate with developers, testers, and project managers throughout the lifecycle.
• Support UAT and ensure solutions meet business objectives.
• Analyze data to identify trends and provide insights for decision-making.
• Contribute to business cases and feasibility studies for new initiatives.

Skills

Requirements elicitation

Business process modeling

Functional specification

Agile methodologies

Analytical thinking

Stakeholder communication

Data analysis

Education

Bachelor's degree (Business Administration / Finance / IT)

Tools

JIRA

Confluence

Visio

Job description

About the Role

Our client is seeking a highly experienced and analytical Senior Business Analyst to join their expanding financial services team in Soweto , Gauteng . This role will be instrumental in bridging the gap between business needs and technology solutions, focusing on improving financial processes and developing new capabilities. You will work closely with stakeholders across various departments to gather requirements, analyze business processes, and document functional specifications for system enhancements and new product development. The ideal candidate will possess a strong understanding of the financial services industry and a proven ability to translate complex business requirements into actionable IT solutions, operating within a hybrid work model.

Key Responsibilities

• Elicit, analyze, and document business requirements from stakeholders across various financial service domains.
• Translate business needs into detailed functional and non-functional specifications for IT solutions.
• Map and analyze current state business processes and identify opportunities for improvement and re-engineering.
• Facilitate workshops and meetings with business users and technical teams to define project scope and deliverables.
• Develop user stories, use cases, and process flows to clearly articulate requirements.
• Collaborate with software developers, testers, and project managers throughout the project lifecycle.
• Support user acceptance testing (UAT) and ensure solutions meet business objectives.
• Analyze data to identify trends and provide insights to support business decision-making.
• Contribute to the development of business cases and feasibility studies for new initiatives.
• Provide ongoing support and enhancements for existing financial systems.

Requirements

• Bachelor's degree in Business Administration, Finance, Information Technology, or a related field.
• Minimum of 5 years of experience as a Business Analyst, preferably within the financial services sector.
• Strong understanding of financial products, services, and regulatory requirements (e.g., banking, investments, insurance).
• Proven experience in requirements elicitation, process modeling (e.g., BPMN), and functional specification documentation.
• Proficiency in business analysis tools (e.g., JIRA, Confluence) and diagramming software (e.g., Visio).
• Excellent analytical, problem-solving, and critical thinking skills.
• Strong communication, presentation, and interpersonal skills, with the ability to engage effectively with stakeholders at all levels.
• Ability to work independently and collaboratively in a hybrid work environment, requiring onsite presence in Soweto , Gauteng .
• Experience with Agile methodologies is essential.
• Detail-oriented with a commitment to delivering high-quality documentation and solutions.

Benefits

• Competitive salary commensurate with experience and qualifications.
• Comprehensive medical aid and retirement fund benefits.
• Opportunities for professional development, training, and certifications in business analysis and financial services.
• A supportive and collaborative hybrid work environment.
• Exposure to challenging and impactful projects within the financial sector.
• Potential for performance-based bonuses.
• Generous annual leave and paid time off.
• Modern office facilities in Soweto .