Business Analyst

Senior Business Analyst

Location: Iselin, NJ

Job Type: 12+ Months

Qualifications:

• 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.