Business Analyst - Contract I Governance, Risk and Compliance at IQbusiness

Role Summary


iqbusiness is seeking experienced Business Analysts for contract opportunities within the financial services sector, with a strong focus on Governance, Risk and Compliance (GRC) and Conduct Risk initiatives.
This role is suited to a Senior Business Analyst with deep exposure to risk, regulatory and compliance environments, particularly within Corporate and Investment Banking.
The Business Analyst will play a critical role in supporting regulatory‑driven change by translating conduct‑risk and governance obligations into clear, traceable business and functional requirements.
The role requires a strong understanding of GRC business processes, risk and control frameworks, and the ability to identify control gaps while enabling compliant, sustainable solutions that support business objectives.
You will work closely with business, risk, compliance, and technology stakeholders across complex, multifaceted environments, contributing to high‑quality delivery outcomes within Agile, Waterfall, or hybrid frameworks.


Key Responsibilities


Develop an in‑depth understanding of Governance, Risk and Compliance (GRC), including Conduct Risk, Risk, Credit, and Compliance processes, systems, and data flows
Translate regulatory and governance obligations into clear business, functional, and non‑functional requirements
Identify risks, control gaps, and compliance impacts across end‑to‑end business processes
Define, document, and optimise current‑ and future‑state processes for Risk and Credit, ensuring full end‑to‑end coverage
Conduct impact assessments for new or changing requirements, analysing upstream and downstream dependencies
Perform gap analysis between current and target states, recommending process redesign and optimisation opportunities
Produce high‑quality analysis artefacts including BRS, user stories, use cases, data requirements, SOPs, and process flows
Ensure requirements traceability and alignment to governance, audit, and regulatory standards
Support Agile delivery through backlog refinement, sprint management, sprint gate‑keeping, PI/QBR planning, and close collaboration with Product Owners
Collaborate with Solution Architects to translate business requirements into technical specifications
Support UAT planning, execution, defect management, and traceability from requirements to test cases
Maintain consistent documentation standards aligned with PMO, governance, and audit expectations
Contribute to organisational change through training materials, communication plans, and business readiness activities
Proactively identify operational risks, inefficiencies, and control weaknesses, recommending practical solutions
Engage internal and external stakeholders through workshops, requirements sessions, and ongoing communication
Support vendor and procurement processes in line with organisational policies and legal requirements
Adhere to and contribute to PMO standards, producing required delivery and governance artefacts


Requirements


Minimum 5 - 10 years' experience as a Business Analyst in complex, multifaceted financial services environments
Strong experience in Risk, Regulatory and Compliance, preferably within Corporate and Investment Banking
Proven delivery experience on GRC or regulatory‑driven initiatives, including Conduct Risk
Solid understanding of governance frameworks (Risk, Compliance, Internal Audit, or equivalent)
Hands‑on experience across Agile, Waterfall, or hybrid delivery models
Extensive experience with backlog management, sprint and PI planning, and Product Owner engagement
Strong business analysis fundamentals aligned to BABOK and SDLC
Ability to manage ambiguity, complex dependencies, and challenging stakeholders
Strong stakeholder facilitation, influencing, and negotiation skills
Excellent written and verbal communication skills
Strong analytical skills, attention to detail, and conceptual thinking
Experience with Jira, Confluence, SharePoint, and SQL for requirements and analysis


Education


Matric (required)
Relevant tertiary qualification (Bachelor's Degree, Diploma, or recognised certification from an accredited institution)