Senior Business Analyst for Loans

Qualifications and Competencies

• Strong understanding of Core Banking processes and financial products

• Facilitation skills to bridge the gap between business and IT

• Proven experience in business analysis within the financial services sector

• Experience with project management discipline

• Experience in these IT areas is non-mandatory but a plus – databases, API messaging & integration, cybersecurity, disaster recovery

• Ability to organize meetings and communicate with business and IT stakeholders

• Ability to create diagrams to explain system complexities and requirements

• Ability to address minor stakeholder conflicts (conflict management)

Business Requirements Gathering

• Document business and systems requirement

Preparation of Business Requirements Documentation (BRD)

Solution Design

• Collaborate with business, IT and vendors to translate business requirement into functional specifications and system design and document the solution design

Business Process Analysis

• Identify inefficiencies and recommend improvements to improve operations

• Process optimization

• Create user manuals

UAT Conduct

• Develop test plan, test cases

• Coordination with business users in the conduct of UAT

• Document test results

• Defects management – assist in closing reported defects

Regulatory Compliance

• Ensure Core Banking solution complies with regulatory requirements

• Protection of customers sensitive data

Data Clean-up and Migration

• Analyze data from legacy system and map with the end-state system

Business Users Training

• Assist in train-the-trainers program

• Administer training sessions for business users

Deployment Support

• Assist in system configuration (product, account, interest rates, service fees, charges, chart of accounts), parameterization and set-up (prior to deployment)

• Assist in defining users access matrix

Required Skills (BA for Loans Management Systems Implementation)

On top of the above required skills, the following skills are required for BA candidate for Loans:

Experience in the Loans Life Cycle

Loan OriginationLoan Servicing

• Disbursement

• Repayments

• Calculation of interest

• Generation of amortization schedules

• Loan Restructuring

• Past Due Calculation and Tracking

• Collection

• Grace Period

Loan Maturity

• Maturity Value

• Final Payment

Experience with Various Consumer Loan Products

• Auto

• Housing

• Personal

Experience with Various Corporate Loan Products

• Term Loans

• Line of Credit

• Working Capital Loans

• Asset based Loans