Business Analyst

Job Title: Business Analyst

Experience Required: 6-8 Years
Domain Preference: BFSI / Financial Services

Location: McLean, VA

Role Overview

The Business Analyst will serve as a critical liaison between business stakeholders and technical teams, ensuring that business requirements are accurately captured, analyzed, and translated into effective technical and process solutions. The role is pivotal in driving process optimization, enabling digital transformation initiatives, and delivering measurable business value.

Key Responsibilities

Requirements Gathering & Analysis

• Engage with business stakeholders to elicit, analyze, and document detailed business and functional requirements.

• Conduct workshops, stakeholder interviews, and process-mapping sessions to understand current-state and future-state processes.

• Identify business gaps, risks, and dependencies and propose actionable solutions.

Documentation & Traceability

• Prepare and maintain high-quality documentation, including Business Requirement Documents (BRDs), Functional Requirement Specifications (FRS), and User Stories.

• Ensure end-to-end traceability of requirements throughout the project lifecycle.

Solution Design & Validation

• Collaborate closely with development, QA, and architecture teams to ensure solutions align with business objectives.

• Support User Acceptance Testing (UAT) by defining test scenarios, validating outcomes, and managing defect resolution.

Stakeholder Management

• Act as a single point of contact between business units, technology teams, and external vendors.

• Communicate requirements, project updates, and risks effectively to manage expectations and resolve conflicts.

Process Improvement & Optimization

• Identify inefficiencies in business processes and recommend improvements to enhance operational efficiency, compliance, and control effectiveness.

Reporting & Data Analysis

• Analyze business and operational data to generate insights that support informed decision-making.

• Prepare reports and dashboards for senior stakeholders as required.

Required Skills & Qualifications

• Bachelor’s degree in Business, Finance, Information Technology, or a related field.

• 6-8 years of experience as a Business Analyst, preferably within BFSI or a similar regulated domain.

• Strong understanding of SDLC methodologies, including Agile and Waterfall.

• Hands-on experience with tools such as JIRA, Confluence, MS Excel, and data visualization tools (Power BI, Tableau).

• Excellent analytical, communication, and problem-solving skills.

Preferred Skills

• Knowledge of banking and financial services products, regulatory compliance, and risk management concepts.

• Familiarity with CRM platforms (e.g., Salesforce).

• Exposure to data analysis tools and languages such as SQL and Python.

• Relevant certifications such as CBAP, CCBA, or Agile/Scrum certifications.

Key Competencies

• Strong attention to detail with the ability to manage multiple priorities under pressure.

• Proven stakeholder management, negotiation, and influencing skills.

• High adaptability to evolving business needs and changing priorities.