Senior Business Analyst - Risk Management and Capital Markets - Boksburg
Paracon - Gauteng
Paracon Contribute to crafting of IT departmental business plan to ensure delivery of focus areas for the year in support of IT strategy Apply cost effectiveness principles in planning and delivery to contribute to achievement of divisional financial targetsProvide relevant input into the formalisation of the divisional budgetManage allocated budget by tracking costs and recommending solutions that meet critical business needsProvide guidance to the business on best system solution selection to ensure fit to the client`s requirements and meet the future strategic objectivesChampion Business Analyst services with stakeholdersObserve and be involved in the day to day operations to understand the business domain and business needs and requirements of relevant stakeholdersProvide insight regarding BA methodologies and best practices to internal clients to enable a BA presence within the group Maintain and build relationships with Business Owners to ensure the BA team is consulted and involved in initiatives that may require IT supportDetermine business requirements and actively manage key projects to ensure expectations are metConduct Business Owner feedback sessions with every milestone phase of a project to inform business of progress, manage business expectation proactively and measure the effectiveness of Business Process ImprovementBuild relationships with other IT teams, like Enterprise Architecture and other key counterpartsEnsure regular engagement (as needed) with all stakeholders to gain visibility and maintain relationships through networks utilising social media, attending and presenting at conferences and training interventionsBuild strategic / Industry/ Global network of thought leaders and relationships utilising social media, attending and presenting at conferences and training interventionsMeet stakeholder needs accurately by following the Business Analyst process flow methodology to maintain quality and consistency of service providedManage stakeholder relationships by communicating openly and honestly with regards to project status Manage own delivery on multiple and/or complex projects against departmental delivery plan and set timelines, identify obstacles to delivery and take appropriate action where requiredReceive request from business to start new project and conduct stakeholder analysis to clearly define the relevant people required for information gathering Gather supporting information by holding interviews, conducting surveys, running workshops and reviewing existing documents and informationDraft a full system requirements plan to detail the activities and outputs Execute the requirements plan in alignment with Software Development Lifecycle process to ensure complianceObtain system project classification by presenting the business requirement to the initiation forum Conduct a cost and benefit analysis to assess the feasibility of the requirements Produce a business case study by assessing solution options, considering costing and risks to formulate a recommendationSupport the business sponsor to develop and present the business caseCreate the business requirements specification document to confirm clarity of business scopeCreate the functional requirements specification document to translate the business requirements into functional requirementsPresent functional requirements specification to all stakeholders to validate the requirements and solutionRecommend the most effective course of action after evaluating options against decision criteriaProvide regular feedback and progress to all stakeholders on current projectsReview the technical design specifications to check that all requirements are includedReview the test cases to ensure that it covers all scenarios related to the functional requirementsAssist the development team and testers to perform root cause analysis for any functional defectsPerform adhoc functional testing for quality assuranceEnsure correct utilisation of solution developed by creating user training manuals Assist business by project co-ordination of deliverables for small initiativesProactively or by request identify obstacles to performance relating to process flow and identify opportunities for optimisationAssist users in being effective by utilizing the new solution productively Partner with the project manager/lead to contribute to the development of the Senior Business Analysts role and delivery plan (proactivley being involved upfront to just confirm the scope of the Senior Business Analyst's end-to-end role in the project to mitigate any risk of misunderstanding of who will be doing what) to ensure a successful solution delivery output Reduce time spent on projects by elicitation, analysis and optimisation of business requirementsContribute to BA COE practice development by presenting courses to the teamImprove personal capability and professional growth relating to field of expertise, in line with the client`s objectives by discussing development needs and proposed solutions with managementKeep abreast of changes in legislation or standards by conducting research and utilizing networksUp skill team and other professionals by sharing knowledge and research resultsEpitomise living the company`s values, displaying professional conduct and adherence to required technical standardsAnalyse, research, develop and implement improvement/innovative ideas and value adding solutions contributing to divisional and clients results Minimum Requirements Bachelor's degree or Diploma in IT or EngineeringBusiness Analyst Certification from a reputable institution7 years' experience in the BA field with a focus on in Capital Markets and Risk ManagementCandidates must come from the Financial SectorGather Business KnowledgeMust be able to collaborate with Internal Stakeholders effectively Technical Competencies:Basic software applications (e.g., Outlook, Word, Excel, Access, Internet, Email)Divisional service offeringsBudget forecast assumptionsBusiness continuity standardBusiness principlesData analysisDecision-making processInternational Standards for Professional PracticeMust be able to under pressure Please note that this is a Hybrid role.
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