Position: Business Analyst – Banking
Location: Riyadh, Saudi Arabia
Contract: 12 months + Extendable
Benefit Package: Salary negotiable + Visa + Health Insurance+ EOSB + Annual Leave + Flights
A Techno-Functional Business Analyst in banking is responsible for understanding the business processes, regulatory requirements, and technology landscape within a financial institution. They work collaboratively with various stakeholders to gather requirements, assess technological capabilities, and deliver solutions that enhance the bank’s operations and customer experience.
Collaborate with stakeholders, including business units, IT teams, and management, to understand business needs, objectives, and challenges.
Elicit, document, and analyze business and technical requirements for banking projects, system enhancements, or process improvements.
Process Analysis and Improvement:
Evaluate existing banking processes and systems, identifying opportunities for optimization, automation, and innovation.
Propose and implement process improvements to enhance operational efficiency, reduce costs, and ensure compliance with regulatory standards.
Assess the technical feasibility and compatibility of proposed solutions with existing systems and infrastructure.
Provide guidance on technology selection and integration to meet business goals.
Data Analysis and Management:
Analyze financial data and ensure data integrity, accuracy, and compliance with regulatory requirements.
Develop data management strategies and solutions to support reporting, analytics, and decision-making.
Solution Design and Development:
Collaborate with IT teams to design and develop technology solutions, such as software applications or data platforms, that align with business and regulatory requirements.
Create technical specifications and user stories to guide development efforts.
Lead or assist in project management activities, including project planning, resource allocation, and monitoring project progress.
Ensure that projects are delivered on time and within budget.
Stay current with banking regulations and compliance standards.
Ensure that banking processes and systems adhere to all relevant laws and regulations, and assist in regulatory reporting efforts.
Identify, assess, and mitigate operational and technological risks associated with banking processes and systems.
Develop risk management strategies and recommendations.
Facilitate effective communication between business units and IT teams.
Provide regular updates on project status, findings, and recommendations to senior management and other stakeholders.
Training and Documentation:
Develop user guides, training materials, and technical documentation to support the implementation and adoption of new processes or systems.
Conduct training sessions for end-users and provide ongoing support.
Bachelor’s degree in Business, Finance, Computer Science, or a related field.
Extensive experience in the banking or financial services industry.
Strong technical knowledge, including familiarity with banking systems, databases, and software development concepts.
Proficiency in data analysis tools and software.
Excellent analytical, problem-solving, and communication skills.