IT Business Analyst

Idbny•New York City, NY

10d•Hybrid

About The Position

The Senior Business Analyst serves as a strategic liaison across Commercial and Private Banking, Operations, Technology, Compliance, Risk, Data Governance, implementation partners, and other cross-functional teams. The role requires significant commercial banking, core banking, and lending experience; advanced data analysis using SQL and Python; and familiarity with relevant technology platforms. The analyst translates business needs into functional, non-functional, technical, data, reporting, control, and integration requirements, and supports end-to-end solution delivery in alignment with bank objectives, regulatory expectations, auditability, and industry-standard practices. The position uses data-driven analysis to identify business and operational improvements, develop business use cases, recommend practical solutions, investigate production incidents, and provide subject matter expertise. It covers current- and target-state processes, system and data flows, integrations, conversion and reconciliation requirements, operational controls, solution design, testing, implementation, go-live readiness, and post-implementation support. The role operates on a hybrid schedule.

Requirements

10+ years of Business Analyst experience in banking or financial services, with significant hands-on experience in commercial banking, lending, core banking modernization, system implementation, production support, or integration initiatives.
Strong understanding of commercial banking products and processes, including commercial loans, lines of credit, term loans, renewals, modifications, collateral, pricing, servicing, payments, account maintenance, treasury/cash management touchpoints, and operational workflows.
Ability to produce clear, actionable functional specifications, technical and interface requirements, data mappings, report requirements, process flows, and operational procedures for business, technology, QA, vendor, and control teams.
Experience with core banking systems, commercial loan origination and/or servicing platforms, payment processing, GL/accounting feeds, data warehouse integrations, regulatory reporting, and upstream/downstream banking interfaces.
Hands-on proficiency with SQL and Python for data extraction, profiling, cleansing, transformation, reconciliation, validation, root-cause analysis, migration/conversion support, and automation of repeatable analysis tasks.
Experience with integration analysis across APIs, batch files, middleware, ETL processes, data feeds, vendor platforms, downstream reporting environments, and exception/error-handling scenarios.
Hands-on familiarity with application, integration, data, reporting, and operational technology stacks; ability to analyze issues independently, ask precise technical questions, and contribute without handholding.
Strong critical-thinking, problem-solving, and analytical skills, including the ability to use data to support business decisions, identify operational improvements, develop business cases, recommend practical solutions, influence outcomes, and operate as a senior individual contributor.
Excellent written and verbal communication, facilitation, stakeholder-management, and documentation skills, including the ability to produce concise, accurate, executive-ready materials.
Strong knowledge of SDLC, Agile and/or hybrid delivery, requirements traceability, change control, SIT/UAT, defect management, production readiness, go-live/hyper care support, and post-implementation validation.

Nice To Haves

Core banking replacement experience.
Core banking replacement, modernization, or migration experience.

Responsibilities

Partner with Commercial Banking, Front Office, Operations, Credit, Loan Operations, Treasury, Compliance, Risk, Data Governance, CISO, IT, and vendor teams to elicit, analyze, and document business, functional, non-functional, technical, data, reporting, control, and integration requirements.
Lead discovery sessions, workshops, walkthroughs, and decision meetings with senior stakeholders; document outcomes and decisions, escalate issues, and ensure timely follow-through.
Define current- and target-state processes, system flows, interface specifications, source-to-target mappings, data lineage, transformation rules, conversion and reconciliation requirements, ETL requirements, exception handling, and operational controls in accordance with SDLC and governance standards.
Analyze impacts across core banking platforms, commercial loan origination and servicing systems, collateral, pricing, payments, GL/accounting, treasury/cash management, regulatory reporting, data warehouse, and upstream/downstream interfaces.
Use data analysis to identify opportunities to simplify, standardize, automate, and optimize commercial banking and loan operations; develop business and operational use cases and recommend solutions that improve data quality, efficiency, client experience, audit readiness, and risk management.
Use SQL, Python, Excel, and reporting tools to identify trends, generate insights, support decisions, validate business rules, reconcile data, investigate defects, and support conversion and migration activities.
Develop business requirements, functional specifications, non-functional and interface requirements, user stories, acceptance criteria, report specifications, test scenarios, traceability matrices, operating procedures, executive-ready summaries, and implementation-support documentation.
Support production incidents through root-cause analysis across business processes, data flows, interfaces, batch jobs, APIs, reports, and dependencies; document impacts, remediation options, and preventive controls.
Provide subject matter expertise on commercial banking, lending, core banking processes, system behavior, data dependencies, controls, and integration touchpoints to guide solution design, SIT/UAT, defect triage, implementation decisions, go-live readiness, and post-implementation support.