Job Specifications
Job Title: Senior Business Systems Analyst (BSA) – Banking & Regulatory Domain
Location: Hybrid (4 days in-office, 1 day remote)
Job Type- Contract
Role Summary:
The Business Analyst will play a key role in supporting regulatory change initiatives across the organization. This role requires strong analytical skills, the ability to translate regulatory requirements into business and functional specifications, and hands-on experience working on compliance-driven projects. The successful candidate must have demonstrable experience analyzing regulatory frameworks and ensuring organizational processes, systems, and controls meet regulatory standards.
Key Responsibilities
Regulatory Analysis & Compliance
Interpret and analyze new or updated regulations, guidelines, and industry standards (e.g., FCA, PRA, GDPR, SOX, Basel III, MiFID II, AML/KYC, etc. depending on industry).
Assess regulatory impacts on business processes, policies, systems, and data flows.
Ensure traceability from regulatory requirement → business requirement → functional requirement → test case.
Business & Functional Analysis
Gather, document, and validate business requirements using interviews, workshops, process mapping, and data analysis.
Produce detailed BRDs, FRDs, user stories, acceptance criteria, and process flows.
Work closely with compliance, risk, legal, operations, and technology teams to translate rules into actionable requirements.
Project Delivery
Support end-to-end project lifecycle from scoping through implementation and post-go-live validation.
Participate in solution design discussions ensuring regulatory requirements are met.
Support UAT planning, test case creation, defect management, and sign-off.
Stakeholder Management
Act as the liaison between business teams, compliance, technology, and external regulators when needed.
Communicate progress, risks, issues, and recommendations clearly to senior stakeholders.
Documentation & Governance
Maintain documentation for audits and regulatory reviews.
Support operational readiness, procedure updates, and control enhancements.
Required Qualifications & Experience
10+ years of Business Analyst experience (or level appropriate to role).
Proven regulatory project experience is mandatory, such as:
Financial services: AML/KYC, Sanctions, Basel III/IV, EMIR, MiFID II, Dodd-Frank, Consumer Duty, IFRS 9, GDPR, etc.
Pharmacy/healthcare: FDA, EMA, GxP, HIPAA, ISO standards.
Energy/other sectors: SOX, HSE regulations, ESG reporting rules, etc.
Strong knowledge of compliance frameworks, risk management, audit processes, or regulatory operations.
Experience writing BRDs/FRDs, user stories, process maps (BPMN), and data dictionaries.
Solid understanding of SDLC and delivery methodologies (Agile, Waterfall, hybrid).
Proficiency with BA tools: JIRA, Confluence, Visio, Lucidchart, SQL (advantage).
Desired Skills
Background working with compliance teams, regulators, auditors, or internal risk functions.
Experience in data governance, data lineage, or regulatory reporting.
Strong problem-solving and analytical skills.
Excellent communication and documentation skills.
Ability to work under regulatory deadlines and manage multiple stakeholders.
Education / Certifications (Nice-to-have)
Bachelor’s degree in Business, Finance, Law, Information Systems, or related field.
Professional certifications:
CBAP, CCBA
CAMS, ICA, CFA, FRM, PRM
Agile certifications (Scrum Master, Product Owner)