Virtusa
Senior Business Analyst – Islamic Banking
- Permanent
- Dubai, United Arab Emirates
- Experience 5 - 10 yrs
Job expiry date: 18/04/2026
Job overview
Date posted
04/03/2026
Location
Dubai, United Arab Emirates
Salary
Undisclosed
Compensation
Comprehensive package
Job description
The Senior Business Analyst – Islamic Banking (Flexcube Core Banking Transformation) is responsible for leading end-to-end business analysis within core banking transformation initiatives in the Islamic Banking domain. The role requires 7 to 10+ years of experience in the banking sector with deep functional expertise in Sharia-compliant products including Murabaha, Ijarah, Mudarabah, and Tawarruq. The position focuses on bridging the gap between business stakeholders and IT teams by performing requirements elicitation, conducting impact assessment, and documenting As-Is process documentation and To-Be process design within regulated banking environments. The Senior BA must demonstrate expert knowledge of Islamic finance principles, including profit calculation mechanisms and Sharia-compliant product workflows, ensuring accurate alignment of system functionality with Islamic Banking requirements. Strong hands-on experience with Flexcube is mandatory, particularly in the context of Core Banking Transformation and Core Banking Migration programs, while exposure to Finacle architecture and large-scale migration initiatives is considered a significant value add. The role includes managing gap analysis, contributing to solution design, supporting User Acceptance Testing (UAT), and driving project outcomes across the full lifecycle from initial requirement definition to implementation and UAT support. The candidate must operate effectively in complex regulated environments, applying Business Analysis best practices to ensure seamless system integration and transformation success within Islamic Banking operations.
Required skills
Key responsibilities
- Lead end-to-end business analysis for core banking transformation initiatives within the Islamic Banking domain, ensuring full lifecycle coverage from initial requirement definition through impact assessment, detailed As-Is process documentation, comprehensive To-Be process documentation, gap analysis, solution design, and structured UAT support aligned to regulated banking environments.
- Drive requirement elicitation workshops and stakeholder discussions to capture functional and system requirements for Sharia-compliant products such as Murabaha, Ijarah, Mudarabah, and Tawarruq, ensuring accurate representation of profit calculation mechanisms and Sharia-compliant product workflows within Flexcube and, where applicable, Finacle environments.
- Conduct detailed impact assessment across core banking systems during large-scale core banking migrations, evaluating upstream and downstream system dependencies, transformation risks, and configuration implications within Flexcube and Finacle architecture landscapes.
- Manage and document comprehensive As-Is and To-Be process documentation for Islamic Banking operations, mapping existing Sharia-compliant product workflows and designing optimized future-state processes aligned with core banking transformation objectives.
- Perform structured gap analysis to identify functional, configuration, and process gaps between existing Islamic Banking capabilities and target-state core banking transformation requirements, translating findings into actionable solution design artifacts.
- Collaborate closely with IT teams to translate business requirements into detailed functional specifications for Flexcube, validate system configurations for Murabaha, Ijarah, Mudarabah, and Tawarruq products, and ensure alignment with defined profit calculation mechanisms.
- Support UAT support activities by preparing test scenarios derived from documented requirements, validating system outputs related to Sharia-compliant products, and ensuring successful migration outcomes during high-stakes core banking migrations.
- Ensure compliance with complex regulated environments by aligning all documented requirements, solution design outputs, and transformation deliverables with Islamic Banking standards and core banking transformation governance frameworks.
Experience & skills
- Demonstrate 7 to 10+ years of progressive experience in the banking sector, specifically within the Islamic Banking domain, with direct involvement in core banking transformation initiatives and large-scale core banking migrations.
- Exhibit deep functional expertise in Sharia-compliant products including Murabaha, Ijarah, Mudarabah, and Tawarruq, with expert knowledge of profit calculation mechanisms and end-to-end Sharia-compliant product workflows within core banking systems.
- Possess mandatory strong hands-on experience with Flexcube, including practical exposure to configuration, functional analysis, and requirement validation within Flexcube-driven core banking transformation programs.
- Show exposure to Finacle and understanding of Finacle architecture as a significant value add, particularly in environments involving comparative platform analysis, migration planning, or multi-platform core banking migrations.
- Demonstrate proven capability in requirement elicitation, impact assessment, As-Is process documentation, To-Be process documentation, gap analysis, and solution design within complex regulated environments in the banking sector.
- Evidence experience in managing high-stakes migrations by translating Islamic Banking functional requirements into structured solution design outputs and supporting UAT support cycles through to successful project outcomes.
- Hold a degree in Finance or IT, providing foundational knowledge to bridge business stakeholders and IT teams effectively during core banking transformation initiatives.
- Demonstrate end-to-end lifecycle involvement from initial requirement definition through UAT support, ensuring that all Islamic Banking transformation deliverables are aligned with Sharia-compliant product requirements and core banking system capabilities.