Banking Business Analyst
Apply NowCompany: Virtusa Corporation
Location: Tampa, FL 33647
Description:
Description
Sr Business Analyst who is responsible for analyzing business needs within a financial institution, translating them into functional requirements for technology development, and ensuring new systems align with the bank's strategic objectives by identifying areas for process improvement, gathering data, and recommending solutions to enhance operational efficiency, customer experience, risk management, and profitability, while having a deep understanding of various banking products and regulations; essentially bridging the gap between business goals and technical implementation within the banking sector.
Requirement Gathering: Conducting interviews with stakeholders to understand their needs, pain points, and desired functionalities for new systems or process changes.
Business Process Analysis: Mapping out existing banking processes, identifying inefficiencies, and proposing improvements based on data analysis.
Documentation: Creating detailed functional specifications, user stories, and other documentation to clearly communicate requirements to development teams.
Data Analysis: Collecting and analyzing data from various banking systems to identify trends, patterns, and potential risks.
Financial Modeling: Building financial models to evaluate the impact of proposed solutions on profitability and return on investment.
Project Management Support: Collaborating with project teams to ensure project goals are met and deliverables are delivered on time.
Stakeholder Management: Effectively communicating findings and recommendations to various stakeholders, including senior management, product owners, and technical teams.
Compliance and Regulatory Knowledge: Staying updated on banking regulations and ensuring proposed solutions adhere to compliance standards.
Strong analytical skills: Ability to interpret complex data, identify trends, and draw insightful conclusions.
Domain expertise in banking: Thorough understanding of banking products (loans, deposits, credit cards), operations, and industry regulations.
Business acumen: Ability to think strategically and align technology solutions with overall business objectives.
Communication skills: Excellent written and verbal communication to effectively convey technical concepts to non-technical stakeholders.
Technical proficiency: Familiarity with data analysis tools, process modeling software, and project management methodologies
Requirement gathering techniques: Experience in eliciting, analyzing, and documenting business requirements.
Sr Business Analyst who is responsible for analyzing business needs within a financial institution, translating them into functional requirements for technology development, and ensuring new systems align with the bank's strategic objectives by identifying areas for process improvement, gathering data, and recommending solutions to enhance operational efficiency, customer experience, risk management, and profitability, while having a deep understanding of various banking products and regulations; essentially bridging the gap between business goals and technical implementation within the banking sector.
Requirement Gathering: Conducting interviews with stakeholders to understand their needs, pain points, and desired functionalities for new systems or process changes.
Business Process Analysis: Mapping out existing banking processes, identifying inefficiencies, and proposing improvements based on data analysis.
Documentation: Creating detailed functional specifications, user stories, and other documentation to clearly communicate requirements to development teams.
Data Analysis: Collecting and analyzing data from various banking systems to identify trends, patterns, and potential risks.
Financial Modeling: Building financial models to evaluate the impact of proposed solutions on profitability and return on investment.
Project Management Support: Collaborating with project teams to ensure project goals are met and deliverables are delivered on time.
Stakeholder Management: Effectively communicating findings and recommendations to various stakeholders, including senior management, product owners, and technical teams.
Compliance and Regulatory Knowledge: Staying updated on banking regulations and ensuring proposed solutions adhere to compliance standards.
Strong analytical skills: Ability to interpret complex data, identify trends, and draw insightful conclusions.
Domain expertise in banking: Thorough understanding of banking products (loans, deposits, credit cards), operations, and industry regulations.
Business acumen: Ability to think strategically and align technology solutions with overall business objectives.
Communication skills: Excellent written and verbal communication to effectively convey technical concepts to non-technical stakeholders.
Technical proficiency: Familiarity with data analysis tools, process modeling software, and project management methodologies
Requirement gathering techniques: Experience in eliciting, analyzing, and documenting business requirements.