Job Specifications
Jon Title: Business Analyst (Banking) (8+ Years Experience)
Location: New Jersey (Onsite)
Employment: Full Time/ W2 (NO C2C)
Job Description: We are seeking an experienced Business Analyst (Banking Domain) with 8+ years of expertise in gathering requirements, analyzing business processes, and supporting end-to-end delivery of digital banking, core banking, AML/KYC, payments, lending, and regulatory compliance initiatives. The ideal candidate will have strong experience working with Banking Operations, Product, Compliance, Risk, Technology, QA, and cross-functional Agile teams to support large-scale transformation programs.
Key Responsibilities
Lead requirements gathering, documentation, and validation for banking platforms including Retail Banking, Digital Banking, Core Banking, Payments, Lending, Wealth Management, and Compliance systems.
Work closely with Product Owners, SMEs, Compliance, Risk, Operations, Engineering, QA, and external vendors to define business needs and solution approaches.
Conduct detailed analysis for AML, KYC, CDD, EDD, Sanctions (OFAC), Fraud Management, and regulatory workflows.
Prepare BRD, FRD, User Stories, Use Cases, Process Flows, Wireframes, Functional Specs, and acceptance criteria.
Analyze and map end-to-end customer journeys for onboarding, account opening, servicing, payments, transfers, credit card journeys, and digital banking functions.
Perform gap analysis, impact analysis, feasibility studies, and workflow optimization for existing and new banking products.
Support data analysis, SQL queries, data validation, and reporting for compliance, onboarding, and operational metrics.
Coordinate UAT planning, test case review, defect triage, and business sign-off with QA and business stakeholders.
Work with tech teams to ensure alignment with API integrations, microservices, data flows, system interfaces, and downstream systems.
Collaborate with Regulatory/Compliance teams to support initiatives such as CCPA, CFPB, GDPR, FFIEC guidelines, KYC/AML compliance, and audit readiness.
Create and maintain process maps, SOPs, DFDs, BPMN diagrams, and business workflow documentation.
Support implementation, production validation, and post-deployment monitoring of banking features.
Work in Agile/Scrum environments, participate in sprint ceremonies, backlog grooming, and cross-team collaboration.
Communicate project updates, risks, and dependencies to management and key stakeholders.
Required Skills:
Strong knowledge of Retail Banking, Digital Banking, Payments, Lending, Wealth Management, Treasury, Credit Risk, and transactional systems.
Deep understanding of AML/KYC, CDD, EDD, OFAC, PEPS, Fraud Prevention, and regulatory compliance frameworks.
Hands-on experience preparing BRD, FRD, User Stories, Use Cases, Acceptance Criteria, and process documentation.
Strong expertise in business process mapping, BPMN, and workflow re-engineering.
Experience with Core Banking Systems (FIS, Temenos, Finacle, Jack Henry, Fiserv, etc.) is preferred.
Ability to work with global teams across Business, IT, Risk, Compliance, Operations, and vendor ecosystems.
Preferred Skills:
Online Account Opening (OAO), Branch Account Onboarding (BAO) platforms
Loan Origination Systems (LOS)
Payments (ACH, Wire, SWIFT, RTP, Zelle)
Knowledge of API Banking, Open Banking, and Digital Transformation initiatives.
Exposure to Data Analytics, dashboards (Power BI/Tableau), and KPI reporting.
Familiarity with JIRA, Confluence, Visio, Figma, Lucidchart, or modeling tools.
Understanding of risk scoring engines, decision engines, and fraud models.