Finance Business Analyst

Roles and responsibilities

We are seeking an experienced Business Analyst with expertise in Open Finance to join our team. The ideal candidate will have a strong understanding of open banking frameworks, financial APIs, and regulatory requirements, coupled with experience in analyzing and delivering financial solutions. Familiarity with platforms like Tarabut Gateway or similar is highly preferred.

Skills And Qualifications

• Proven experience as a Business Analyst, preferably in Open Finance or Open Banking.
• Familiarity with platforms like Tarabut Gateway or similar.
• Strong knowledge of financial APIs, data sharing protocols, and industry standards.
• Excellent communication and stakeholder management skills.
• Understanding of regulatory frameworks such as PSD2, GDPR, or similar.
  

Preferred Qualifications

• Experience in Agile methodologies.
• Knowledge of API integration and testing.

• Requirements Gathering and Analysis:

  • Collect Requirements: Meet with stakeholders (business leaders, end-users, project managers, etc.) to understand their needs, challenges, and business goals.
  • Document Requirements: Create detailed documentation such as Business Requirements Documents (BRD), Functional Requirements Documents (FRD), and User Stories that outline the business requirements for IT teams.
  • Analyze Data: Review and analyze existing data and processes to identify inefficiencies, bottlenecks, and opportunities for improvement.

• Process Improvement:

  • Process Mapping: Use tools like Visio, Bizagi, or Lucidchart to create flowcharts, diagrams, and process models that visualize current processes (as-is) and suggest future improvements (to-be).
  • Reengineering Business Processes: Suggest changes to current business processes, workflows, or systems to streamline operations and improve efficiency.
  • Lean and Six Sigma Methodology: Apply lean methodologies or Six Sigma principles to identify areas where waste can be reduced and processes can be optimized.

• Stakeholder Management:

  • Liaise Between Stakeholders: Act as a liaison between business units and technical teams, ensuring that the business requirements are well understood and translated into functional system specifications.
  • Communication: Effectively communicate business needs, objectives, and progress with various stakeholders, including senior management, department heads, and IT teams.

• Solution Design and Validation:

  • Solution Assessment: Work with technical teams (developers, architects, testers) to design solutions that meet business requirements and align with the organization's strategic objectives.
  • Test and Validate Solutions: Ensure that proposed solutions are tested thoroughly, verifying that the business requirements are being met. Participate in User Acceptance Testing (UAT) and support the deployment phase.

• Business Case Development:

  • Cost-Benefit Analysis: Conduct cost-benefit analysis for potential solutions, evaluating the financial impact, feasibility, and risks associated with the implementation.
  • ROI Assessment: Develop business cases that support the justification for the development or procurement of new systems or processes.

Desired candidate profile

• Analytical Thinking:

  • Ability to break down complex business processes and translate them into clear, actionable requirements.
  • Strong problem-solving skills to identify root causes and propose effective solutions.

• Communication Skills:

  • Strong verbal and written communication skills to explain complex concepts in a simple and understandable way to stakeholders.
  • Ability to facilitate meetings and document requirements and findings clearly.

• Stakeholder Management:

  • Ability to manage relationships with different stakeholders, understanding their needs, and managing expectations.
  • Expertise in negotiating and balancing competing interests between business and technical teams.

• Technical Knowledge:

  • Familiarity with IT systems and technologies to ensure that business requirements are aligned with technical capabilities.
  • Understanding of system architecture, software development lifecycle, and methodologies like Agile, Waterfall, or Scrum.

• Business Process Modeling:

  • Proficiency in tools like Microsoft Visio, Lucidchart, or BPMN (Business Process Model and Notation) to create visual process models.

• Requirements Documentation:

  • Ability to create clear, concise documentation (Business Requirements Documents, Functional Specifications, etc.) and work with various stakeholders to validate these documents.

• Project Management:

  • Familiarity with project management methodologies and tools (e.g., Jira, Trello, Asana) to track requirements, milestones, and progress.
  • Knowledge of risk management and timeline management to ensure projects are completed successfully.

• Data Analysis and Reporting:

  • Ability to analyze data using tools like Excel, Power BI, or Tableau to generate insights for decision-making.
  • Skills in creating reports or dashboards for stakeholders to track business performance.

• Change Management:

  • Knowledge of change management principles to guide the organization through transitions smoothly.
  • Ability to train and support users to ensure the adoption of new processes or systems.