IT Business Analyst

Job Description

To lead complex Business and Systems Analysis for Market Risk technology change within RMB Global Markets. Translate risk methodologies, regulatory obligations and business needs into clear functional, data, process and control requirements, and support delivery through testing and implementation validation.

Key Responsibilities

• Lead end-to-end requirements elicitation, analysis, documentation, validation and change control

• Translate Market Risk methodologies and regulatory needs into business rules, functional specifications, data requirements, controls and acceptance criteria

• Analyse current and future-state processes, data flows and controls; complete gap, impact and dependency assessments

• Facilitate workshops and align stakeholders across Market Risk, Global Markets business, Technology, Architecture, Data, Development, Testing, Operations, Finance and control functions

• Maintain traceability from business or regulatory need through requirements, solution, testing and acceptance

• Support solution design, backlog refinement, delivery clarification, test preparation, defect investigation and implementation readiness

• Validate that calculations, business rules, transformations, data-quality controls and agreed outcomes have been implemented as specified

• Escalate material risks, decisions and unresolved dependencies timeously; provide informal guidance to less-experienced analysts where required

Market Risk Knowledge

• Strong working knowledge, at a level appropriate to Business Analysis, of VaR, stress and scenario testing, P&L and risk factors, sensitivities, limits and Market Risk reporting

• Financial instruments and derivatives, including trade lifecycle, booking, positions, valuation and downstream risk processing

• Risk data quality, aggregation, reconciliation, controls and regulatory change

• Relevant regulatory frameworks, including Basel III/IV, FRTB and BCBS239; exposure to ICAAP or Pillar 3 is advantageous

Required Knowledge and Skills

• Business and Systems Analysis in complex, data-intensive environments Requirements elicitation, process analysis, business rules, functional specifications, data mapping, user stories and acceptance criteria.· Workshop facilitation, stakeholder management, influencing, negotiation and constructive conflict resolution

• Data analysis covering sources, transformations, calculations, completeness, accuracy, timeliness and reconciliation

• Testing support, defect analysis, solution validation and requirements traceability

• Clear written and verbal communication for technical and non-technical audiences

Minimum Experience

• Minimum eight years’ Business Analysis or Business/Systems Analysis experience

• Demonstrable experience in Market Risk, traded risk, financial-markets risk technology or a closely related risk domain

• Experience translating complex methodologies, policies or regulatory needs into implementable technology, data and control requirements

• Experience supporting complex change from analysis through testing and implementation validation

• Proven delivery across business, risk, data and technology stakeholders

Qualifications

• Relevant Bachelor’s degree or BTech in Computer Science, Information Systems, Mathematics, Engineering, Finance, Risk Management or a related discipline

Preferred / Advantageous

• Experience in an Agile delivery environment
• Practical exposure to FRTB, Basel-related Market Risk change, BCBS239, ICAAP, Pillar 3 or regulatory risk reporting
• Business Analysis, financial-markets, risk, data or Agile certification Coaching or mentoring experience and demonstrated potential for future people leadership

Important Closing Date Note

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.