Senior Business Analyst – Transaction Banking Technology

Mitsubishi UFJ Financial Group • Jersey City, NJ

3d • Hybrid

About The Position

MUFG is seeking an experienced Senior Business Analyst to join its Transaction Banking Technology organization. This senior individual contributor works directly with Product Owners to assess, rationalize, clarify, and prioritize business requirements, then partners with technical system owners to translate them into feasible, scalable technology solutions. The role spans payments, cash and liquidity management, digital channels, reconciliation, regulatory compliance, and related commercial banking capabilities. It also uses AI-enabled tools to produce mockups, process flows, and visual representations that support stakeholder understanding, alignment, and decision-making throughout delivery.

The position follows a hybrid schedule: four days per week at an MUFG office or client site and one day working remotely. The role collaborates with business and technology stakeholders and supports requirements, Agile delivery, testing, implementation, and post-implementation validation.

Requirements

• Bachelor's degree in Business, Finance, Information Systems, Computer Science, or a related field, or equivalent professional experience.
• At least 7 years of business and systems analysis experience, including at least 3 years in transaction banking, payments, cash management, commercial banking, or related financial services domains.
• Strong understanding of transaction banking and payments, including payment networks and standards, domestic and international payments, cash and liquidity management, digital banking platforms, and reconciliation processes.
• Proven ability to lead complex requirements initiatives involving business and technology stakeholders.
• Experience with requirements elicitation, process mapping, data analysis, business rules documentation, user stories, acceptance criteria, and functional and non-functional specifications.
• Experience using AI-enabled tools to refine and synthesize requirements and create process flows, mockups, and visual artifacts while maintaining data protection and governance standards.
• Experience in Agile or hybrid delivery environments, including user story development, sprint participation, acceptance criteria creation, testing, and implementation support.
• Strong understanding of banking-related regulatory requirements, compliance standards, risk management practices, and security controls.
• Excellent communication, facilitation, and stakeholder management skills, including the ability to influence senior leaders and bridge business and technical teams.
• Proficiency with Jira, Confluence, Visio, and other requirements and process-modeling tools.

Nice To Haves

• Experience supporting major transaction banking or payments transformations, such as ISO 20022 migration, real-time payments initiatives, digital channel modernization, or reconciliation transformation programs.
• Experience with Virtual Account Management, ERP integrations via APIs, and online and mobile banking platforms.
• Experience with Loan IQ or similar commercial lending platforms, including loan servicing workflows, payment processing, accounting events, and system integrations.
• Familiarity with SWIFT, ACH, ISO 20022, APIs, event-driven integrations, cloud-based architectures, microservices, and API-first design principles.
• Data analysis skills involving SQL, data models, database schemas, interface specifications, reporting requirements, and end-to-end data flow analysis.
• Advanced degree or professional certifications in business analysis, product management, Agile delivery, payments, or financial services.

Responsibilities

• Develop a strong understanding of transaction banking capabilities, including domestic and cross-border payments, cash and liquidity management, collections and disbursements, reconciliation, fraud prevention, digital channels, and commercial banking operations.
• Partner with Product Owners to review, challenge, clarify, and prioritize business requirements; identify gaps, conflicts, duplication, and dependencies; and collaborate with technical teams on effective technology solutions.
• Lead requirements gathering and analysis, including stakeholder workshops, current-state assessments, business process documentation, data flow analysis, functional and non-functional requirements, use cases, and business rules.
• Evaluate processes, systems, controls, and data flows to identify opportunities to improve client experience, operational efficiency, resiliency, and controls.
• Use AI-enabled tools to create mockups, user journeys, process flows, solution concepts, and visual artifacts for stakeholder alignment.
• Work with Scrum Masters and Program Managers to translate requirements into Agile user stories, acceptance criteria, and clear Definitions of Done.
• Maintain requirements traceability and support scope management, prioritization, roadmap planning, and change management throughout project delivery.
• Assess regulatory, compliance, risk, and security impacts, including KYC, AML, OFAC, data privacy, Open Banking, ISO 20022, and sanctions screening.
• Communicate risks, assumptions, issues, and dependencies to business and technology stakeholders.
• Support test planning, System Integration Testing (SIT), User Acceptance Testing (UAT), defect resolution, production readiness, and post-implementation validation.

Benefits

• Comprehensive health and wellness benefits
• Retirement plans
• Educational assistance and training programs
• Income replacement for qualified employees with disabilities
• Paid maternity and parental bonding leave
• Paid vacation, sick days, and holidays
• May be eligible for discretionary performance-based bonus and/or incentive compensation

What This Job Offers

• Job Type: Full-time
• Career Level: Senior