Job title: Senior Business Analyst Location: New Jersey (Onsite) Employment Type: Full-time (W2 only, No C2C) Experience: 10+ Years Job Summary: We are seeking a highly experienced Business Analyst (Banking & Finance) with 10+ years of professional experience in analyzing business processes, gathering requirements, and delivering data-driven solutions within the banking and financial services domain . The ideal candidate will have strong expertise in business analysis, financial systems, regulatory compliance, data analysis, and stakeholder management . The candidate will collaborate with business stakeholders, product owners, IT teams, and regulatory bodies to deliver high-quality solutions aligned with business goals and compliance standards. Key Responsibilities:
Gather, analyze, and document business requirements, functional requirements, and non-functional requirements using techniques such as BRD, FRD, use cases, and user stories within banking and financial systems .
Work closely with stakeholders, business users, and product owners to understand business needs related to retail banking, corporate banking, payments, lending, risk management, and capital markets .
Conduct business process analysis, process modeling, and process re-engineering using tools such as Visio, BPMN, and workflow diagrams , improving operational efficiency.
Perform data analysis and data mapping using SQL, Excel, and data visualization tools , ensuring accurate data flow across financial systems.
Support implementation of core banking systems, payment systems, and financial applications , ensuring alignment with business requirements and regulatory standards.
Ensure compliance with financial regulations and standards such as Basel III, AML (Anti-Money Laundering), KYC (Know Your Customer), GDPR, and SOX , supporting audit and compliance initiatives.
Collaborate with development and QA teams to define acceptance criteria, test scenarios, and test cases , ensuring successful system implementation and validation.
Perform gap analysis, impact analysis, and risk analysis to identify system improvements and business process enhancements.
Facilitate Agile/Scrum ceremonies such as sprint planning, backlog grooming, daily stand-ups, and retrospectives , ensuring smooth project delivery.
Create and maintain documentation, reports, dashboards, and business insights using tools such as Tableau, Power BI, or Excel , enabling data-driven decision-making.
Support UAT (User Acceptance Testing) by coordinating with business users, validating system functionality, and ensuring business requirements are met.
Work with API integrations and digital banking platforms , ensuring seamless data exchange between internal and external systems.
Assist in product lifecycle management , including requirement prioritization, roadmap planning, and release management .
Collaborate with cross-functional teams including IT, operations, compliance, and risk teams to deliver end-to-end banking solutions.
Mentor junior analysts and contribute to best practices in business analysis, documentation, and stakeholder communication .
Technical Skills:
Business Analysis Tools: BRD, FRD, Use Cases, User Stories, UML, BPMN