Business Analyst

Senior Business AnalystLocation: Iselin, NJJob Type: 12+ MonthsQualifications:Bachelor's degree in information technology, Business Administration, Finance, or a related field.Minimum of 7-10 years of experience as an IT Business Analyst, with at least 5 years in the banking domain.Strong understanding of banking operations, products, services, and regulatory requirements.Proven experience in managing IT projects within the banking sector.Proficiency in business analysis tools and techniques, including UML, BPMN, and requirements management software.Excellent communication, presentation, and interpersonal skills.Strong analytical and problem-solving abilities.Experience with Agile methodologies and working in a collaborative, cross-functional environment.Certifications such as CBAP (Certified Business Analysis Professional) or PMI-PBA (Professional in Business Analysis) are a plus.Key Responsibilities:Business Requirements Gathering: Work closely with stakeholders to gather, analyze, and document business requirements related to banking processes and IT systems.Conduct interviews, workshops, and surveys to understand business needs and translate them into functional specifications.Solution Design and Validation: Collaborate with IT teams to design and propose solutions that meet business requirements, ensuring alignment with banking regulations and standards.Validate the proposed solutions through user acceptance testing (UAT) and ensure they meet the business needs.Process Improvement: Analyze current banking processes to identify areas for improvement, increased efficiency, and cost reduction.Recommend and implement process changes that leverage IT solutions to enhance service delivery and customer satisfaction.Project Management: Lead and manage IT projects within the banking domain, ensuring they are delivered on time, within scope, and within budget.Monitor project progress, identify risks, and take corrective actions as needed.Stakeholder Communication: Serve as the primary point of contact between business stakeholders and the IT team.Provide regular updates on project status, risks, and issues to senior management and other stakeholders.Compliance and Risk Management: Ensure all IT solutions comply with banking regulations, data privacy laws, and cybersecurity standards.Work with the risk management team to identify and mitigate potential risks associated with IT projects.Training and Support: Provide training and support to end-users on new banking IT systems and processes.Develop user guides, training materials, and conduct training sessions as needed.