What are the responsibilities and job description for the Senior Associate - Business Systems Analyst (Banking & Financial Services) position at 10th Magnitude Inc?
Senior Associate - Business Systems Analyst (Banking & Financial Services)
Location:North Carolina, USA
About Cognizant Consulting
Cognizant Consulting is more than Cognizant's consulting practice. We're a global community of experts dedicated to helping clients reimagine their business. By combining deep industry expertise with technology advisory capabilities, we create innovative business solutions for leading organizations worldwide.
We're looking for our next colleague to help shape the future of banking and financial services transformation.
About the Role
As a Senior Associate - Business Systems Analyst, you will play a key role in supporting large-scale Banking and Financial Services transformation initiatives. You will work closely with business and technology stakeholders to gather requirements, analyze business processes, support reporting initiatives, and drive successful project delivery.
The ideal candidate brings a strong foundation in business analysis, data analysis, stakeholder engagement, and banking operations, with the ability to translate business needs into actionable solutions.
You will be a valued member of Cognizant's Banking & Financial Services Consulting team, collaborating with client stakeholders, business leaders, and delivery teams throughout the project lifecycle.
In This Role, You Will
- Gather, analyze, and document business, functional, and system requirements.
- Act as a liaison between business stakeholders and technology teams.
- Conduct current-state assessments and support future-state process design.
- Analyze data and reporting outputs to identify trends, gaps, and opportunities for improvement.
- Support reporting and business intelligence initiatives through data validation, reconciliation, and quality checks.
- Create business requirements documents, user stories, process flows, and other project documentation.
- Support testing activities, including test case creation, UAT coordination, defect tracking, and issue resolution.
- Assist with implementation, deployment, and post-go-live support activities.
- Monitor project risks, issues, dependencies, and action items.
- Support process improvement initiatives and recommend operational efficiencies.
- Participate in Agile ceremonies and project status meetings.
- Develop and maintain standard operating procedures (SOPs), business process documentation, and stakeholder communications.
Work Model
We believe hybrid work is the way forward as we strive to provide flexibility wherever possible.
Based on business requirements, this is a hybrid position requiring 3 days per week in a client office in North Carolina.
Regardless of working arrangement, we are committed to supporting a healthy work-life balance through our wellbeing programs and collaborative culture.
The working arrangements for this role are accurate as of the date of posting and may change based on project, business, or client requirements.
What You Must Have to Be Considered
- 2-5 years of experience as a Business Analyst, Business Systems Analyst, Data Analyst, or related role.
- Experience working within Banking, Financial Services, Capital Markets, Finance, Risk, Operations, or related domains.
- Strong analytical and problem-solving skills.
- Experience gathering and documenting business and functional requirements.
- Experience working with data, reports, and business insights to support decision-making.
- Understanding of system implementation lifecycles and change management processes.
- Experience supporting testing activities, UAT coordination, and defect management.
- Strong stakeholder management and communication skills.
- Ability to work effectively across business and technology teams.
- Bachelor's degree in Business, Finance, Information Systems, Computer Science, or a related field.
These Will Help You Succeed
- Experience supporting banking transformation, modernization, or regulatory initiatives.
- Familiarity with reporting and business intelligence tools such as Power BI, Tableau, or similar platforms.
- Knowledge of finance, risk, compliance, operations, or regulatory reporting processes.
- Experience working in Agile project environments.
- Exposure to data governance, data quality, or reporting processes.
- Experience creating process maps, workflows, and business documentation.
Why Cognizant
We're excited to meet people who share our passion for solving complex business challenges and delivering measurable outcomes. If your experience doesn't align perfectly with every requirement, we still encourage you to apply. Transferable skills, curiosity, and a growth mindset are highly valued at Cognizant.
Compensation
Compensation will be determined based on experience, skills, qualifications, location, and business needs, in accordance with applicable legal and regulatory requirements.
Benefits
Eligible employees may participate in Cognizant's comprehensive benefits programs, which may include:
- Medical, dental, and vision coverage
- Employee assistance programs
- Wellness and wellbeing initiatives
- Paid vacation and company holidays
- Professional development and certification reimbursement opportunities
- Learning and career growth programs
- Retirement savings and other financial wellness offerings
Post Closing Date
Applications will be accepted until October 30, 2026.
* * *
About Cognizant:
Cognizant (Nasdaq: CTSH) is an AI Builder and technology services provider, bridging the gap between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process and engineering expertise enables us to build an organization’s unique context into technology systems that amplify human potential, drive tangible outcomes and keep global enterprises ahead in a fast-changing world. See how at [cognizant.ai](https://www.cognizant.com/) or @cognizant.
Additional employment information
Compensation information is accurate as of the date of this posting. Cognizant reserves the right to modify this information at any time, subject to applicable law.
Applicants may be required to attend interviews in person or by video conference. In addition, candidates may be required to present their current state or government issued ID during each interview.
Cognizant is an equal opportunity employer. Your application and candidacy will not be considered based on race, color, sex, religion, creed, sexual orientation, gender identity, national origin, disability, genetic information, pregnancy, veteran status or any other characteristic protected by federal, state or local laws.
If you have a disability that requires reasonable accommodation to search for a job opening or submit an application, please email [CareersNA2@cognizant.com](mailto:CareersNA2@cognizant.com) for roles based in the Americas or [CareersIndia2@cognizant.com](mailto:CareersIndia2@cognizant.com) for roles based in India.**