Business Analyst

Role Overview

Tata Consultancy Services is looking for a Business Analyst for regulatory reporting work in Mumbai. The position sits within a regulated financial domain and calls for deep involvement in business analysis, data handling, testing, and documentation across reporting and banking processes.

Core Responsibilities

• Lead business analysis activities across IT and regulatory reporting programs within investment banking, capital markets, or related finance operations.
• Collect and refine requirements, analyze data sources, support onboarding/sourcing of data, and prepare detailed requirement documents.
• Handle reporting needs for finance or operations functions, including products such as FX, derivatives, bonds, repos, loans, deposits, and trade finance.
• Understand the end-to-end trade lifecycle for the listed financial products and how it affects downstream reporting.
• Work on local regulatory reporting initiatives for APAC markets.
• Maintain working knowledge of post-trade and settlement flows, along with accounting standards and principles used in reporting such as GAAP and IFRS.
• Interpret financial statements and regulatory reports including balance sheet, profit and loss, cash flow, EMIR, MiFID, DFA, CCAR, liquidity coverage ratio, large exposures, and non-performing assets reporting.
• Perform functional testing using Excel-based methods such as VLOOKUPs and pivot tables/charts for regulatory data models and reports.
• Write BRDs and FRDs, create use cases, epics, and user stories, and work in a Scrum-based delivery model.
• Support SDLC activities and operate effectively in an Agile environment.
• Use SQL for data analysis and bring working knowledge of Jira and Confluence into day-to-day delivery.
• Conduct UAT by defining test plans, test cases, and test data, and by validating interface testing across applications.
• Partner with developers to resolve functional issues discovered during UAT.
• Take ownership of assigned work, show accountability, and drive tasks independently when needed.
• Use strong analytical and logical thinking to influence improvements and deliver outcomes as a workstream lead.

Requirements

• Overall IT experience of 5 to 15+ years, with background in regulatory reporting, investment banking, or capital markets.
• Practical experience in a business analyst role covering requirements gathering, data analysis, documentation, and UAT.
• Exposure to local regulatory reporting for finance or operations teams.
• Strong understanding of trade lifecycle, post-trade processes, settlement, and accounting/reporting standards.
• Working knowledge of financial products and reporting concepts used in APAC regulatory environments.
• Hands-on experience with BRDs, FRDs, epics, user stories, and Agile/Scrum practices.
• Basic SQL knowledge and experience analyzing data with SQL.
• Familiarity with Jira, Confluence, Excel, and Agile delivery methods.
• Ability to work at a workstream lead level and manage workload independently.

Technical Skills

• Jira
• Confluence
• SQL
• Advanced Excel
• Agile delivery
• Axiom reporting platforms

Additional Details

This role is focused on regulatory reporting and requires close collaboration with business users, developers, testing teams, and governance stakeholders. The expected experience range is 5 to 15 years. The work may involve data discovery, profiling, modelling, analytics, process improvement, and supporting secure data lake initiatives with big data technologies. The role also involves contributing to solution design, reviewing business documentation, managing bugs and change requests, and taking part in Agile transformation and community-of-practice initiatives.

Preferred / Extended Responsibilities

• Review business architecture and assess cost impact and value drivers for feasibility studies and solution options.
• Define business, process, usability, and data requirements in partnership with users and engineering teams.
• Use Agile techniques such as storyboards, feature maps, value stream maps, story points, and definitions of done.
• Prepare and refine epics and user stories for the product backlog.
• Develop functional and non-functional specifications with engineering teams.
• Complete functional design in line with established principles, patterns, blueprints, and standards.
• Support design and concept development for new solution options while identifying risks and impacts.
• Review user-facing documents such as manuals, solution briefs, and functional summaries.
• Work with developers to prioritize and resolve defects, incidents, and change requests.
• Support data discovery, sourcing, modelling, and analytics for data flows and data models.
• Create reports and models that explain business data and process performance.
• Use analysis and visualization to identify causes of usability, process, functional, and data issues.
• Act as a product owner when needed for secure data lake feeds, tools, and access design.
• Prepare data specifications with technology and business data stakeholders.
• Participate in process improvement and Agile transformation activities.
• Coordinate with governance teams to improve processes around secure data lake environments and big data technology use.

Benefits

No specific perks or benefits were listed in the source information.