Business Analyst
- Troy, MI
- Contract
- Full-time
· Collaborate with stakeholders to elicit, document, and validate business and technical requirements for cloud migration and modernization of banking and payment platforms.
· Analyze current-state processes, identify pain points, and define to-be workflows leveraging cloud-native capabilities.
· Translate business needs into functional and non-functional specifications for cloud-based solutions.
· Process Mapping & Solution Design
· Create detailed process flows, business models, and user stories for payment and banking operations.
· Support the design of integration points between legacy systems and new cloud platforms, ensuring seamless transition and minimal business disruption.
· Compliance & Regulatory Alignment
· Ensure all solutions comply with relevant banking regulations (e.g., AML, GDPR, PCI DSS) and payment standards (e.g., ISO 20022, SWIFT, SEPA, RTGS).
· Prepare documentation and support audits as required.
· Stakeholder Management
· Serve as a liaison between business, IT, and third-party vendors, ensuring clear communication and alignment throughout the project lifecycle.
· Conduct workshops, demos, and walkthroughs with stakeholders to validate requirements and solutions.
· Testing & Implementation Support
· Develop test cases, support User Acceptance Testing (UAT), and validate that cloud-based solutions meet business expectations and regulatory standards.
· Track and resolve issues identified during testing and post-implementation.
· Documentation & Reporting
· Maintain comprehensive documentation, including business requirements, functional specifications, process flows, and change logs.
· Work closely with PO in the Discovery workshops to define outcomes
· Identify Pain Points and Gap Analysis
· Create RFP Document & Evaluation Criteria
· Manage RFP process with vendors
· Prepare Vendor Comparison Scorecard
· Final Recommendation & Roadmap
· Provide regular updates to project leadership on progress, risks, and mitigation strategies.
Required Skills & Experience
Experience:· 5+ years as a Business Analyst in banking, payments, or financial services, with at least 2 years on cloud migration or modernization projects.
· Hands-on experience with payment systems (e.g., ISO 20022, SWIFT, SEPA, FPS, RTGS) and real-time/instant payments.
Technical Skills:
· Strong understanding of cloud concepts (e.g., SaaS, PaaS, IaaS) and modern cloud architectures.
· Proficiency in process modeling tools (e.g., Visio, UML), requirements management, and agile methodologies (Scrum/Kanban).
· Familiarity with data migration, integration patterns, and cloud-native services.
· Analytical & Communication Skills:
· Excellent analytical, problem-solving, and documentation skills.
· Ability to communicate complex concepts to both technical and non-technical audiences.
· Strong stakeholder management and facilitation skills.