Business Analyst

1 week ago


Navi Mumbai, Maharashtra, India IDFC FIRST Bank Full time

Role/ Job Title: Senior Business Analyst

Function/ Department: Information Technology

Job Purpose:

  • Understanding & implementation of business requirements from internal stakeholders based on Regulatory Framework & guidelines by setting up processes & technology.
  • Knowledge & experience of regulatory reporting to RBI; ADF, RBS, EWS
  • Manage multiple projects.
  • Stakeholder management
  • Staying up-to-date on the latest process and IT advancements to automate and modernize systems.

Roles & Responsibilities:

  • Business Analyst Responsibilities for Regulatory Reporting application:
  • Understanding & implementation of business requirements from internal stakeholders based on Regulatory Framework & guidelines by setting up processes & technology.
  • Mandatory experience of regulatory reporting to RBI; ADF, RBS, EWS.
  • Impact analysis for changes impacting downstream application.
  • Data profiling & analysis for identifying data gaps and defects.
  • Data validation to ensure accuracy & consistency.
  • Data mapping to facilitate data integration & ETL processes.
  • Master Data Management: data strategy & maintain consistency across databases.
  • End objective is quality of automated reports delivered within stipulated timelines consistently with agreed SOP with all stakeholders.
  • Prioritizing initiatives based on business needs and requirements.
  • Managing vendor / technology partners
  • Understanding functional validations of the reports to perform SIT.
  • Preparation of test scenarios, test cases & automation in JIRA.
  • Documentation of SOP, RACI metrics & relevant documentation applicable for change management process defined by the bank.
  • Presenting changes to RCB, handing over the changes to production support team.
  • Incidence management with root cause analysis for issues raised by users and or production support team.
  • Identify controls to be built for completeness & accuracy.
  • Closure of audit points.
  • Managing multiple projects and monitoring performance.
  • Staying up-to-date on the latest process and IT advancements to automate and modernize systems.
  • Effectively communicating your insights and plans to cross-functional team members and management.

Technical Skill Set:

  • A bachelor's degree in business or related field or an MBA.
  • A minimum of 5 years of experience in business analysis or functional knowledge of Regulatory reporting pertaining to Finance, Risk.
  • Exceptional analytical and conceptual thinking skills.
  • Basic SQL commands.
  • Excellent documentation skills.
  • Competency in Microsoft applications including Word, Excel, and Outlook, Project.

Education Qualification:

  • Graduation: Bachelor of Science / Bachelor of Technology / Bachelor of Computer Applications (BCA)
  • Post-Graduation: Master of Science / Master of Technology / Master of Computer Applications (MCA)

Experience: 5-10 years


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