Core Banking System Business Analyst at Ascentech Services Limited

Ascentech Services Ltd acts as a gateway to provide a wide range of recruitment and selection services to companies. We are a dedicated team of professional consultants offering top-of-the-line executive recruitment and selection services. Ascentech Services Ltd acts as a gateway to provide end-to-end recruitment services to Organisations Worldwide. We are a dedicated team of professional consultants offering top-of-the-line executive recruitment and selection services. We cater for the needs of a range of professionals seeking employment and work together to create effective solutions using our networks and strong client base. Vision & Mission Vision To be recognized and respected as a leading employment and recruitment services company in Nigeria without compromising on quality services to our clients and also to support equal opportunity in employment and objectively evaluate all qualified candidates. Mission "The foundation of our business philosophy is to introduce the Right Candidates to our Clients. We will strive to deliver world-class professional employment solutions to employers and job seekers across diverse organizations and industries in several disciplines and verticals. We will preserve to serve our clients using our skills, knowledge, and expertise to help meet their business objectives." Our Services We conduct assignments for junior, middle, and senior management positions. We have acquired vast experience years in understanding the dynamics of attracting quality executives and identifying key leadership characteristics. We offer the following in our basket of services: *Domestic Recruitment Executive Search Recruitment HR consulting Background Check.

Role Summary

• The role entails identifying key business processes, products, and transactions for CBS implementation, translating these into system configurations, and ensuring compliance with accounting and regulatory standards.
• Collaborating with stakeholders across Finance, Compliance, Audit, and IT, as well as the CBS vendor, you will support the alignment of system specifications with operational requirements and address feedback to optimize CBS functionality.
• Additionally, you will be responsible for defining operational protocols, non-functional requirements, and reporting standards to enhance system efficiency and compliance.

Key Responsibilities

• Identify and comprehensively enumerate key business processes, products, and transactions that require CBS implementation.
• Translate business processes and transactions into parameters and configuration specifics in the CBS, e.g., transaction codes and definitions, minimum data requirements per transaction, straight-through processing vs manual entries.
• Liaise with key stakeholders on specific components.
• Finance on the accounting entries and reports for all transactions.
• Compliance and Audit to ensure the right authorities, controls, traceability and checks and balances are defined and implemented across all transactions.
• Define the operational requirements and processes required to ensure full coverage of transactions and controls including People, Automated entries and traceability of automated entries, maker-checker enforcement etc.
• Collaborate with engineers, administrators and IT specialists etc. to deliver on the implementation of the parameters and configurations in line with design.
• Design, organize, conduct and supervise user-testing, collate and analyze feedback and bridge between users CBS specialists (engineers etc.) to implement the necessary updates.
• Define and track non-functional requirements and SLAs to be fulfilled by CBS.
• Define reporting requirements for the CBS.

Requirements

• A Bachelor's Degree in Business, Computer Science, or a related field, or equivalent practical experience gained in the banking industry.
• 5-8 years of hands-on experience in deploying core banking systems, with a strong track record of successful implementations.
• Deep knowledge of banking processes and standards, with a focus on the operational aspects of core banking.
• Experienced in setting up and upgrading core banking platforms, particularly systems like Finacle or others that are similar.
• Expertise in creating detailed documentation that captures business requirements, system specifications, and process workflows, serving as a vital communication tool between technical teams and business stakeholders.
• Demonstrated ability to understand business needs and processes, pinpointing areas for improvement.
• Exceptional problem-solving and organizational skills, with the ability to juggle various tasks effectively.
• Well-versed in project management practices, including monitoring the progress of implementations, ensuring requirements are met, and maintaining timelines.
• Strong experience in managing relationships with vendors and engaging with stakeholders is crucial.

Method of Application