Senior Business Analyst

4 weeks ago


Abu Dhabi, United Arab Emirates Al Maryah Community Bank Full time

Play a key role in analyzing and defining business requirements, ensuring alignment with Sharia principles, and driving the implementation of Sharia-compliant banking solutions. The Senior Banking Business Analyst will collaborate with cross-functional teams, including IT, risk management, and product development, to enhance and optimize Sharia-compliant banking processes and systems.

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Responsibilities

Sharia-Compliant Business Analysis:

  • Conduct in-depth analysis of business processes, systems, and requirements related to Sharia-compliant banking products and services.
  • Ensure compliance with Sharia principles and guidelines in all aspects of business analysis.
  • Serve as a Sharia compliance expert, providing guidance and recommendations to all teams involved in developing and implementing Sharia-compliant banking products and process-related solutions.
  • Conduct thorough Sharia due diligence on existing processes, systems, and proposed solutions to identify and address potential non-compliance issues.

Requirements Gathering and Documentation:

  • Collaborate with stakeholders to gather, document, and prioritize business requirements for Sharia-compliant financial products and services.
  • Create comprehensive and clear business requirement documents, ensuring alignment with Sharia principles.
  • Assist Product Managers with data collection, analysis, and reporting activities, as necessary.

Cross-Functional Collaboration:

  • Collaborate with Enterprise-wide Control functions like risk management, compliance, and legal teams to ensure adherence to regulatory requirements and Sharia principles.
  • Assist in the development and implementation of risk management frameworks for Product and Process launch for Sharia-compliant banking activities.
  • Partner with product development teams to translate Sharia principles into specific product features and ensure compliance at all stages of the development process.

Solution Design and Implementation:

  • Provide insights and recommendations for the design and implementation of Sharia-compliant banking solutions.
  • Participate in the development and testing phases, ensuring that the final solutions meet both business and Sharia compliance requirements.

Stakeholder Communication:

  • Communicate effectively with stakeholders at all levels to ensure a common understanding of Sharia-compliant business requirements.
  • Facilitate workshops and meetings to gather feedback and address concerns related to Sharia-compliant banking initiatives.

Continuous Improvement:

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  • Identify opportunities for process improvement and optimization within Sharia-compliant banking operations.
  • Stay updated on industry trends, regulatory changes, and advancements in Sharia-compliant financial products.
  • Contribute to the development of knowledge management systems and resources on Sharia-compliant banking practices.

Skills:

  • In-depth knowledge of Sharia principles and their application in banking operations.
  • Strong analytical and problem-solving skills.
  • Excellent communication and interpersonal skills.
  • Familiarity with banking regulations and compliance requirements related to Sharia-compliant products.
  • Innovative and flexible to meet the demands of the constantly evolving digital channel offerings.

Education:

  • Candidate must possess at least a Bachelor's in Business Administration, Finance, or a related field.

Experience:

  • Minimum 5 years experience as a Business Analyst in the banking industry, with a focus on Sharia-compliant financial products.



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