Risk Business Analyst

Job Description

We are seeking a skilled and experienced Functional Business Analyst (BA) with a strong background in Retail Banking Risk to join our dynamic team. The successful candidate will play a key role in bridging the gap between business requirements and technology solutions, focusing on retail risk management functions. This position is ideal for someone who is passionate about applying their knowledge of retail banking, risk management processes, and functional analysis to help design and deliver impactful solutions. Key Responsibilities: Business Requirement Gathering: Engage with business stakeholders to gather, analyze, and document detailed business requirements related to retail risk management. Process Mapping and Analysis: Understand current retail banking risk processes, identify gaps, and propose improvements to streamline workflows and enhance operational efficiency. Risk Management Expertise: Apply knowledge of retail risk domains, including credit risk, to drive functional requirements and support business decisions. Solution Design: Work with technical teams to translate business requirements into functional specifications, ensuring that solutions meet business needs. Stakeholder Communication: Maintain continuous communication with business stakeholders, including risk managers, business units, and IT teams, to ensure alignment on project goals and progress. Regulatory Compliance: Ensure that all solutions and processes adhere to relevant banking regulations, industry standards, and compliance requirements. Reporting and Documentation: Create and maintain detailed documentation, including business requirements, functional specifications, and process flows. Prepare reports to track project progress and highlight risks or issues. Required Qualifications: Experience: o Minimum of 5 years of experience as a Business Analyst within the retail banking sector, with a focus on risk management o Proven experience working in risk-related projects in retail banking (e.g., risk mitigation strategies, regulatory reporting, risk assessment tools). Knowledge: o Strong understanding of retail banking products, services, and processes, particularly in the context of risk management. o Familiarity with key risk management frameworks and regulatory requirements (e.g., Basel III, Dodd-Frank, etc.). o Experience with risk assessment methodologies and tools. o Proficiency in business analysis tools (e.g., JIRA, Confluence, MS Office Suite). Skills: o Strong analytical, problem-solving, and decision-making skills. o Excellent communication skills, both written and verbal, with the ability to interact with stakeholders at all levels. o Ability to translate complex business requirements into functional specifications. o Strong documentation and process mapping skills. o Solid understanding of Agile and Waterfall methodologies. Education: o A degree in Finance, Banking, Economics, or related field is preferred. o Certifications such as CBAP (Certified Business Analysis Professional) or FRM (Financial Risk Manager) are a plus.