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Business Analyst - Service Owner

Company Description

Founded and headquartered in Switzerland, Avaloq is continuously expanding its global footprint with around 2,500 colleagues in 10 countries, and more than 160 clients in 35 countries. We are an industry-leading provider of wealth management technology and services for financial institutions around the world, including private banks and wealth managers, investment managers, as well as retail and neo banks. Our research-led approach and continual innovation is powered by the passion and creativity of our colleagues.

We are always looking for talented people to join us on our mission to orchestrate the financial ecosystem and democratize access to wealth management. Avaloq offers the opportunity to work closely with some of the world’s leading financial institutions as we jointly develop and shape careers. Championing a collaborative, supportive and flexible work environment empowers our colleagues to reach their full potential.

Job Description

We are a dynamic team of business analysts and software developers spread across development centers globally. We follow an agile process, working closely within our own team but also with other related teams and clients to develop new product features and maintain existing ones in live use.

The team works with clients and partners to develop and deliver innovative solutions to meet market demands and help shape the back-office landscape of tomorrow.

We are looking for a highly motivated Business Analyst who is interested in designing and developing scalable solutions for the financial services industry.

This job represents a unique opportunity to advance your business analysis and technical skills and grow your banking and wealth management domain experience. You will become an expert of Avaloq core banking software and the corresponding business processes in the industry.

Key Responsibilities:

  • Service Accountability: Ensure the service meets market demands, is scalable, well-documented, and maintains high quality.
  • Roadmap and Backlog Management: Shape the service roadmap and prioritize the service backlog in collaboration with product managers, software architects, and fellow business analysts.
  • Documentation: Provide comprehensive service documentation that complements product documentation, including flexibility and customization options.
  • Quality Assurance: Maintain high standards of quality in the respective service area.
  • Stakeholder Engagement: Act as the counterpart for the business development team, clients, prospects, and product owners, addressing questions, gathering market fit feedback, and conducting presentations/workshops.
  • Sales Support: Support the sales engagement process with subject matter expertise and digest client feedback to improve the service.
  • Technical Support: Provide technical support for customer projects and maintain existing functionality.
  • Agile Environment: Work in an Agile environment, constantly improving processes and introducing new technologies.
  • Interdisciplinary Projects: Collaborate on interdisciplinary innovation projects to drive the definition and extension of Avaloq’s standard product configuration.

Qualifications

  • An experience of 2 to 6 years as a BA or a similar role within the financial services industry.
  • University or technical college degree in IT, engineering, or banking/finance/economics
  • Banking Know-how, ideally in the areas of Collateral Management, Securities Settlement and Reconciliation
  • Good knowledge of SQL and PL/SQL
  • Open minded, team oriented and communicative
  • Able to work independently and with guidance in more complex situations
  • Strong written and spoken English language skills

Additional Information

We realize that managing work life balance is a challenge we all face in our daily lives and in order to support with this we are pleased to offer hybrid and flexible working for most of our Avaloqers to maintain work life balance and still continue our fantastic Avaloq culture in our global offices.

In Avaloq we are proud to embrace diversity and understand the success of our business is built on the power of different opinions, we are whole heartedly committed to fostering an equal opportunity environment and inclusive culture where you can be your true authentic self.

We hire, compensate and promote regardless of origin, age, gender identity, sexual orientation or any other fantastic traits that make us all unique, we have done our best to write this advert in an inclusive and neutral way.

Please be aware that we will not accept speculative CV submissions for any of our roles from recruitment agencies, and any unsolicited candidate submissions will be exempt from any payment expectations. 

 

Average salary estimate

$80000 / YEARLY (est.)
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$60000K
$100000K

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What You Should Know About Business Analyst - Service Owner, Avaloq

Are you ready to step into a pivotal role as a Business Analyst - Service Owner at Avaloq in the bustling World Trade Centre, Kharadi, Pune? We're searching for a passionate individual who thrives in a fast-paced and agile environment. At Avaloq, you'll be joining a dynamic team that prides itself on innovation in the financial services industry. Your main mission will involve ensuring our service offerings meet current market demands while maintaining top-notch quality and documentation. Your responsibilities will include managing the service roadmap in collaboration with product managers and engaging with stakeholders to gather invaluable feedback. You'll also dive deep into our core banking software to master the ins and outs of the business processes at play. With a focus on collaboration, you'll enjoy engaging presentations and workshops, and your expertise will play a key role in supporting our sales efforts. If you have 2 to 6 years of experience as a Business Analyst and a solid grounding in banking operations, you might just be the perfect fit. Join us in our quest to redefine wealth management technology while enjoying the benefits of a culture that champions diversity and flexibility. We're excited to have you onboard to help shape the future with us!

Frequently Asked Questions (FAQs) for Business Analyst - Service Owner Role at Avaloq
What are the main responsibilities of a Business Analyst - Service Owner at Avaloq?

As a Business Analyst - Service Owner at Avaloq, your main responsibilities will include ensuring the service meets market demands and quality standards, managing the service roadmap by collaborating with product managers and technical teams, providing comprehensive service documentation, and maintaining high standards of quality assurance. You'll also engage with stakeholders and support the sales process, leveraging your expert knowledge to drive customer satisfaction.

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What qualifications are required for the Business Analyst - Service Owner position at Avaloq?

To qualify for the Business Analyst - Service Owner position at Avaloq, candidates should have between 2 to 6 years of experience in a similar role within the financial services sector, along with a university or technical college degree in IT, engineering, or banking/finance/economics. Familiarity with Collateral Management, Securities Settlement, and Reconciliation is also beneficial, as well as knowledge of SQL and PL/SQL.

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How does Avaloq support work-life balance for Business Analysts?

Avaloq values work-life balance and offers flexible working arrangements, including hybrid working solutions for most colleagues. This means you can blend remote work with time in the office, ensuring you maintain a healthy balance without sacrificing your professional responsibilities while being part of our inclusive and dynamic culture.

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What kind of projects will a Business Analyst - Service Owner work on at Avaloq?

In the role of a Business Analyst - Service Owner at Avaloq, you will be involved in interdisciplinary innovation projects that aim to redefine and extend Avaloq’s standard product configuration. These projects focus on developing new product features and improving existing functionalities within a rapidly evolving market landscape, giving you the opportunity to make a significant impact on the financial technology sphere.

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What type of environment can I expect as a Business Analyst - Service Owner at Avaloq?

At Avaloq, you can expect a collaborative and agile working environment that encourages innovation and adaptability. You'll work closely with a diverse team, utilizing your skills to facilitate discussions, improvements, and developments, while also enjoying the benefits of a company culture that promotes diversity and inclusivity.

Join Rise to see the full answer
Common Interview Questions for Business Analyst - Service Owner
Can you describe your experience in the financial services industry?

In your response, highlight specific roles you've held and responsibilities that relate to business analysis. Share examples where you solved problems or improved processes, demonstrating your knowledge of industry standards and best practices.

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How do you prioritize tasks when managing a service roadmap?

Discuss your approach to prioritization, emphasizing techniques like stakeholder feedback analysis, market trends, and risk evaluation, illustrating how these influence your decisions to ensure optimal service delivery.

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What is your understanding of Agile methodologies?

Provide insights into your experience with Agile practices such as Scrum or Kanban. Explain how adaptable processes enhance team collaboration and project outcomes, along with examples from previous projects.

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How would you handle a situation where a project's requirements change midway through development?

Explain your strategy for addressing changing requirements, including clear communication with stakeholders, reassessing project timelines, and realigning team efforts to accommodate the changes while ensuring that project goals are still met.

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Describe a time when you engaged with a difficult stakeholder.

Share an example where effective communication and diplomacy led to a positive resolution. Focus on the techniques you used to address concerns, align expectations, and build trust.

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What documentation practices do you follow in your business analysis?

Discuss your systematic approach to documentation, stressing the importance of clarity, accessibility, and usefulness for all stakeholders. Mention tools you use and how you ensure continuous updates.

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Can you explain your experience with SQL and PL/SQL?

Detail your background working with SQL and PL/SQL, citing specific instances where you utilized these languages for data analysis or reporting. Highlight your ability to translate business needs into technical queries.

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How do you ensure high quality in your analysis work?

Explain your commitment to quality assurance through peer reviews, testing protocols, and iterative feedback loops. Emphasize the importance of delivering accurate and reliable analyses to stakeholders.

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What innovative solutions have you proposed in past projects?

Share a specific example of an innovative solution you've developed, detailing the problem it addressed, how it was implemented, and the positive impact it had on the project or product.

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How do you stay updated with industry trends related to wealth management technology?

Discuss your method for continuous learning, whether through professional networks, training courses, industry publications, or conferences. Demonstrating your commitment to keeping your skills relevant will be key.

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Founded in 1985, Avaloq is a Swiss-based provider of digital banking solutions, core banking software, and wealth management technology. The Company provides cloud computing solutions for banks and wealth managers. Avaloq is located in Switzerland

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Full-time, hybrid
DATE POSTED
April 18, 2025

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