Description :
Job Title : Business Analyst Core Banking / Private Banking Domain
Experience : 10 to 15 Years
Location : Chennai, India
Job Type : Work From Office
About the Role :
We are looking for a highly experienced and detail-oriented Business Analyst with deep expertise in Core Banking systems, specifically within the Private Banking domain. The ideal candidate will have strong exposure to Credit Products, Derivatives, and Securities, with a solid understanding of Temenos Transact (T24) modules such as AA, MD, SC, DX, SY, among others. This role demands a blend of business acumen, technical understanding, and hands-on experience in system analysis, solution design, and stakeholder management within complex banking environments.
Key Responsibilities :
- Act as the primary liaison between business stakeholders, technical teams, and third-party vendors to gather, analyze, and document business and system requirements for Core Banking implementations and enhancements.
- Work closely with Private Banking teams to identify process improvement opportunities, analyze current workflows, and propose effective technology-driven solutions.
- Perform detailed business analysis for Credit Products (Mortgage, Lombard Loans, Structured Finance, Guarantees), Derivatives (Options, Structured Products), and Securities (Equities, Fixed Income, Funds).
- Define and document functional specifications, business process flows, use cases, and system integration points in alignment with project goals and timelines.
- Translate business needs into technical requirements for developers and ensure accurate implementation of functionalities within Core Banking systems.
- Provide subject matter expertise on Temenos Transact (T24) and its modules such as AA (Arrangement Architecture), MD (Market Data), SC (Securities), DX (Data Exchange), and SY (System Management).
- Conduct gap analysis and impact assessments for change requests and regulatory updates in private banking operations.
- Participate in solution design, system configuration, SIT / UAT testing, and post-implementation support.
- Collaborate with project managers, architects, and developers to ensure end-to-end delivery of projects within scope, time, and budget.
- Facilitate workshops and presentations for senior management and business users, effectively communicating complex business and system concepts.
- Maintain strong awareness of market trends, evolving regulatory requirements, and technological advancements in the Private Banking and Wealth Management sectors.
Required Skills and Experience :
1015 years of overall IT experience, with a strong focus on Business Analysis in Core Banking or Private Banking domains.Proven track record of working on end-to-end implementations, migrations, or enhancement projects in Core Banking systems (preferably Temenos Transact / T24).Deep understanding of Private Banking products, including Credit, Derivatives, and Securities.Strong experience in Temenos Transact modules AA, MD, SC, DX, SY, and other relevant functional areas.Hands-on experience in preparing Business Requirement Documents (BRDs), Functional Specifications (FS), Use Cases, and Data Mapping documentation.Proficient in performing UAT, coordinating defect management, and ensuring successful deployment of business solutions.Excellent analytical, problem-solving, and stakeholder management skills.Strong communication and documentation abilities, capable of interfacing with both technical and business teams.Knowledge of SWIFT, Payments, Corporate Actions, Portfolio Management, and Risk Management concepts will be an advantage.Familiarity with Agile methodologies and tools such as JIRA, Confluence, or similar project management systems.Preferred Qualifications :
Bachelors or Masters degree in Computer Science, Information Technology, Finance, or a related field.Certification in Business Analysis (CBAP, CCBA, or equivalent) will be an added advantage.Prior experience in working with global Private Banking clients or wealth management institutions.Soft Skills :
Excellent interpersonal and communication skills.Ability to work under pressure and manage multiple priorities in a fast-paced environment.Strong attention to detail and commitment to delivering high-quality work.Proactive attitude with a strong sense of ownership and accountability.Why Join Us :
Opportunity to work with cutting-edge Core Banking technologies.Exposure to global Private Banking practices and complex financial instruments.Collaborative work culture encouraging learning and innovation.Competitive compensation and career development opportunities.(ref : hirist.tech)