FAQs
What is the primary responsibility of the Business Analyst in this role?
The primary responsibility is to work directly with stakeholders to understand their goals and problem statements, translate business requirements into functional specifications, and collaborate with technology teams to create solutions that address business challenges.
What level of experience is required for this position?
The position requires 6 to 8 years of relevant experience in business analysis, specifically within the banking and financial services domain.
What are the main skills required for this job?
The main skills required include requirements gathering, SQL proficiency, stakeholder management, and strong verbal communication skills.
What tools or systems should candidates be familiar with?
Candidates should have domain expertise in T24, Finacle, and other major core banking products, as well as experience in areas such as corporate lending, trade finance, payments, and securities.
What type of documentation will the Business Analyst be responsible for creating?
The Business Analyst will be responsible for creating detailed documentation such as business requirements, process flows, use cases, and user stories.
Will the Business Analyst have to participate in User Acceptance Testing (UAT)?
Yes, the Business Analyst will participate in systems and UAT to validate implemented solutions.
What kind of project management tasks will the Business Analyst assist with?
The Business Analyst will assist in project planning, estimation, resource allocation, and monitoring project progress while identifying potential risks or deviations from the plan.
Is there a focus on process optimization in this role?
Yes, the role involves identifying areas for process optimization and suggesting improvements to enhance efficiency.
What is the work environment like for this position?
The job is based in Chennai, and it follows a hybrid work model, allowing for some remote work.
What are some of the specific domain areas the Business Analyst should be knowledgeable about?
The Business Analyst should have expertise in corporate lending, RFR loans, syndicated lending, term deposits, trade finance, bank guarantees, payments, securities, and wealth management.