Description
You demonstrate advanced knowledge and ability, and can apply the competency in new or complex situations and guides other professionals. The role is responsible for execution of all aspects of requirements delivery- planning, elicitation, analysis and documentation, management, and support - for changes to Business Areas and Technology.
Primary Responsibilities
Business Analysis Planning:
Perform requirements stakeholder analysis to identify impacted or influencing groups and stakeholder requirements responsibilities
Develop plans and accurate estimates for completion of requirements, continuously improving the level of detail and accuracy of estimates
Manage risks, assumptions and constraints for requirements, and communicate to appropriate parties
Define the business analysis approach including tasks and deliverables based on the project and delivery methodology
Lead requirements prioritization and leverage techniques to drive out business priorities
Requirements Analysis and Documentation:
Facilitate collaborative sessions with large and diverse business stakeholder groups to drive requirements discovery, analysis, and review
Apply advanced elicitation techniques to work with different types of stakeholder groups
Analyze and document scope of the business solution using enterprise-standard requirements methodology
Analyze and document detailed business and system solution requirements using enterprise standard requirements methodology
Verify requirements for quality and validate requirements with the impacted stakeholders
Build and maintain a repository of reusable requirements documentation to support future initiatives, following the enterprise standards
Provide consulting services to business stakeholders such as:
o Assist in developing evaluation criteria of 3rd party vendors
o Assist in evaluation of 3rd party vendor solutions and requirements
Partner with 3rd party vendors to ensure that the vendor requirements documentation:
o Adheres to RBC standards and/or structured and consumable by the project team
o Provides coverage of the scope requirements
Integrates into requirements repositories for future reference and re-use
Provide subject matter expertise on feasibility of initiatives and proposed solutions
Requirements Management and Support:
Identify, track and resolve business systems issues during the project lifecycle
Recommend business solutions that satisfy sponsor/stakeholder needs continually exploring and assessing options for value-add for clients
Together with Project Manager, determine best mix of development, interfacing applications, third party vendor solutions to meet business requirements and project objectives
Prepare requirements for review applying various communication techniques and lead requirements walkthrough and sign off sessions
Apply advanced coverage analysis techniques to ensure relationship between scope, detailed requirements, and testing through to implementation
Communicate the impact of changes through cost-benefit analysis taking into consideration time, effort, and business priorities
Resolve conflicts/issues on behalf of BA team and escalate as required
Support QA in development of the Functional System test cases
Validate that Functional System test plan and test cases have full coverage of the critical requirements
Ensure knowledge transfer to application support teams, if applicable, including functional documentation and/or training.
Support Design and Development activities by providing requirements clarifications
Support UAT and PIV activities including planning, defect triage, and root-cause analysis for requirements-related issues
Support Functional Support activities
Support the development of the end-user documentation and training
Leadership and Relationship Management:
Provide direction, guidance, feedback, coaching and support to build the capabilities of the BAs
Support the consistency of standards and adherence to enterprise requirements methodology within own BA team
Effectively communicate and build rapport with team members and stakeholders
Establish an environment of cooperation, collaboration, and teamwork among colleagues, business groups and Technology
Enhance skills and build knowledge in all aspects of the organization and within the Business Analysis domain
Manage the detailed aspects of day-to-day operations with 3rd party vendors during the project lifecycle and in collaboration with application support teams, if applicable
Prepare and deliver presentation to business partners and senior management, selecting the appropriate approach depending on the audience
Technical Skills
Proven experience with various project delivery methodologies such as Waterfall, Iterative and/or Agile
Experience in requirements planning and prioritization including stakeholder analysis and effort estimation
Requirements elicitation techniques such as Document analysis, Interviews, Facilitated workshops, Observation, Prototyping, Focus groups, Surveys
Requirements analysis and documentation:
o Scope Modelling
o Business Process Modelling
o Use Cases and Scenarios
o Data Requirements
o Business Rules Analysis and Decision Modelling
o User Interface Design
o Non Functional requirements
o User Stories, Story Decomposition, and Story Mapping
o Acceptance and Evaluation Criteria Definition
Requirements management and communication - requirements walkthroughs; scope and change management; traceability; configuration management, Backlog Management
Education and/or Experience
Working as a Senior Business Analyst with progressively increasing responsibilities in the areas of requirements management on large and complex projects
Relevant college, university, or post-graduate degree in Business Analysis
Certified Business Analysis Professional (CBAP) or Project Management Institute -Professional in Business Analysis Certification (PMI - PBA) (Preferred)
Masters Certificate in Business Analysis (Preferred)
Proven experience in one or more of the following business areas and related software applications:
o Fund Accounting
o Middle Office
o Custody
o Real Estate & Private Equity
o Transfer Agency
Authorities/Impact
Makes decisions about requirements approach on initiatives - requirements deliverables, activities, effort estimates
Recommends best course of action when requirements changes are identified by articulating the cost-benefit of the change and whether the change is contributing to the business objectives
Provides recommendations on the requirements stakeholders and their responsibilities in terms of requirements elicitation, review, and approval
No formal type of financial authority