Business Analyst – Banking

Experience : 8–10 Years

Chennai – Work from Office

Notice Period :Maximum 1 Month

Role Overview

We are looking for an experienced Business Analyst with strong banking domain expertise, particularly in Lending and Payments modules. The candidate will be responsible for understanding business requirements, translating them into functional specifications, coordinating with technology and business teams, and supporting the delivery of banking applications and solutions.

Hands-on experience in both Lending and Payments within the banking domain is mandatory.

Key Responsibilities

- Gather, analyse, validate, and document business requirements from business stakeholders.
- Work closely with business users, product owners, technology teams, and other stakeholders to understand business needs.
- Prepare BRDs, FRDs, functional specifications, user stories, process flows, and acceptance criteria.
- Analyse and document requirements related to Lending and Payments processes and applications.
- Understand end-to-end lending processes including loan origination, credit assessment, loan processing, disbursement, repayment, interest, fees, restructuring, and closure.
- Understand payment processes including payment initiation, validation, processing, settlement, reconciliation, and exception handling.
- Analyse existing banking processes and identify opportunities for process improvements and automation.
- Translate business requirements into clear functional requirements for development and technology teams.
- Work with developers, testers, architects,



and product teams throughout the SDLC.
- Support functional testing, UAT, defect analysis, and requirement validation.
- Review test scenarios and ensure adequate coverage of business requirements.
- Participate in requirement walkthroughs, solution discussions, sprint ceremonies, and stakeholder meetings.
- Analyse production issues and support root-cause analysis from a business/functional perspective.
- Prepare process maps, workflows, data flows, and other business analysis artefacts.
- Identify dependencies, risks, gaps, and impacts associated with new requirements or system changes.
- Ensure requirements are aligned with banking processes, internal policies, and applicable regulatory requirements.
- Coordinate with multiple teams to ensure timely delivery of requirements and project milestones.

Mandatory Skills & Experience
- 8–10 years of overall Business Analyst experience, preferably within Banking/Financial Services.
- Strong and hands-on experience in Lending and Payments modules – mandatory.
- Good understanding of end-to-end banking business processes.
- Experience in requirement gathering, analysis, documentation, and stakeholder management.
- Strong experience preparing BRD, FRD,



user stories, process flows, use cases, and acceptance criteria.
- Experience working with Agile/Scrum and/or Waterfall delivery methodologies.
- Experience working closely with development, QA, product, and business teams.
- Solid analytical, problem-solving, and communication skills.
- Ability to understand complex banking systems and translate business requirements into functional specifications.

Preferred Skills
- Experience with Core Banking, Lending platforms, Payment systems, Digital Banking, or Banking Transformation projects.
- Knowledge of payment interfaces, transaction processing, settlement, reconciliation, and payment exceptions.
- Exposure to APIs, integrations, and system-to-system interfaces.
- Knowledge of SQL and data analysis would be an advantage.
- Experience working on large-scale banking transformation or implementation projects.

Key Competencies
- Business & Functional Analysis
- Banking Domain Knowledge
- Lending & Payments
- Requirement Gathering & Management
- Stakeholder Management
- Functional Documentation
- Process Mapping & Analysis
- UAT & Functional Testing
- Agile/Scrum
- Problem Solving & Analytical Thinking
- Excellent Communication

Work Arrangement

Location: Chennai

Work Mode: Work from Office

Experience: 8–10 Years

Notice Period: Maximum 1 Month

Domain: Banking / Financial Services

- Mandatory Domain Experience: Lending + Payments

If interested please reply with updated cv to [email protected] WR

Balaguru

📌 Business Analyst (Chennai)
🏢 Hastraa Consulting Services
📍 Chennai