Position Overview

Details of the Division and Team:

The Core Banking Transformation Team is responsible for delivering innovative, scalable, and regulatory-compliant banking solutions within the core banking application.

As a Business Analyst, you will operate at the intersection of business analysis, delivery leadership, and domain expertise, driving transformation and modernization initiatives within a complex, multi-stakeholder environment. You will be engaged in high-impact projects where clarity, structure, and disciplined execution are critical—especially in environments involving regulatory deadlines, cross-border dependencies, and legacy-to-target platform transitions.

This role requires close collaboration with business stakeholders (from front to back, including any other backend or downstream platforms such as operations, finance, coverage, investments, compliance, RDM, EOS, etc) to ensure successful delivery and sustainable solutions. Apart from owning the end‑to‑end analysis lifecycle (from discovery and requirements through design, UAT, release readiness), you will be expected to bring a strong track record of leading large-scale transformation, payments modernization, and regulatory change programs, particularly within Avaloq-based environments, translating business strategy and regulatory requirements into clear, testable system and process changes on Avaloq across regions.

What we will offer you:

A healthy, engaged and well-supported workforce is better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That's why we are committed to providing an environment with your development and wellbeing at its center.

You can expect:

Flexible benefits plan including virtual doctor consultation services
Comprehensive leave benefits
Gender Neutral Parental Leave
Hybrid working arrangement
25 days of annual paid leave, plus public holiday
A culture of continuous learning to aid progression

Your key responsibilities:

Lead requirements discovery with business stakeholders, perform independent analysis, and requirements documentation for Avaloq core banking platform enhancements, including regulatory or strategic projects as and when required.
Conduct structured gap analysis between business expectations, regulatory requirements, and system capabilities.
Coordinate and facilitate solution-shaping workshops (including demo sessions) with impacted business stakeholders.
Translate business and regulatory needs into clear, actionable functional specifications (BRD/FSD) with traceability and impact transparency.
Partner with Avaloq parameterization/configuration/developer teams to shape fit‑for‑purpose designs across modules (For instance but not limited to: Client Lifecycle, Payments, Securities, Lending/Deposits, Fees, Corporate Actions, Securities Trading).
Identify opportunities to improve stability, usability, and efficiency of the core banking platform, and promote test automation and standardisation of BA artefacts.
Oversee end-to-end delivery, including solution design, execution, testing (SIT, UAT, regression), and go-live readiness (such as training and documentation).
Define and drive test strategy and execution across SIT, UAT, regression, and business dress rehearsals.
Lead defect triage and prioritization, ensuring focus on business-critical and regulatory-impacting issues.
Collaborate with cross-functional teams (such as vendors, internal IT teams, business stakeholders) to deliver high-quality solutions on time, as well as within scope and budget.
Manage interdependent workstreams, delivery risks, regulatory milestones, and stakeholder expectations across global teams.
Provide pragmatic decision support to sponsors, balancing business priorities, regulatory constraints, and system limitations.
Provide structured delivery reporting (in the form of presentation and reports) and decision-ready status updates to senior management / business stakeholders
Actively manage go-live risk, stabilization planning, and post-implementation support readiness.
Consistently deliver stable, production-ready solutions with minimal post-go-live disruption.
Drive process improvements, automation opportunities, and operational excellence within delivery and BAU environments.
Support BAU production environment, including defect resolution & analysis, within the controlled change implementation framework.
Mentor and support junior team members in their professional development.
Foster a collaborative and inclusive team environment.

Your skills and experience:

Minimum 8 years of experience in Avaloq or similar core banking platforms, with practical experience in core banking operations, including payments, securities trading, lending, deposits, settlements, and corporate actions.
Proven experience in cross-border payments, SWIFT messaging, ISO 20022 standards, and MT/MX migration, with sound knowledge of related regulatory and operational considerations.
Proven ability to perform in a dual Business Analyst/Project Manager role, ensuring disciplined delivery, solution integrity, and effective management of timelines, dependencies, risks, and governance, with proven track record of delivering and contributing to large, multi‑year transformation programmes
Strong knowledge of testing strategies, including automated regression testing, defect management, and effective collaboration with QA, support teams, and vendors.
Extensive experience in requirements elicitation and documentation, map and re-engineer processes, and support solution design across complex, multi-stakeholder environments.
Strong written and verbal communication skills to be able to translate complex functional concepts clearly to both technical and non-technical stakeholders.
Strong exposure to both Change‑the‑Bank (CTB) and Run‑the‑Bank (RTB) operating models, with a sound appreciation of production stability, operational controls, and risk management
Excellent stakeholder management, facilitation, and communication skills, with the ability to engage confidently with senior business stakeholders, technology leads, and external partners.
Strong analytical and problem‑solving skills, with a structured, pragmatic approach to addressing complex business and system challenges.
Proven ability to work independently with minimal onboarding, while collaborating effectively within global, cross‑regional teams in a fast‑paced delivery environment.
Bachelor's degree in a relevant discipline such as Business, Information Technology, Finance, or Computer Science

About us and our teams:

Deutsche Bank is the leading German bank with strong European roots and a global network. click here to see what we do.

Deutsche Bank & Diversity

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.

Private Bank - Core Banking Senior Business Analyst - AVP