We are seeking an experienced Temenos Transact (T24) Business Analyst with deep functional expertise in Islamic Banking, particularly Islamic lending products, Arrangement Architecture (AA), and LD to AA migration projects. The ideal candidate will have hands-on experience working on Temenos Transact implementations, upgrades, or transformation programs within Islamic banks, and will play a key role in requirements analysis, solution design, and delivery across business and technology teams.
Key Responsibilities:
Business Analysis & Requirements Management
- Lead requirements gathering and analysis for Temenos Transact Islamic Banking modules.
- Conduct stakeholder workshops, interviews, and requirement walkthroughs with business, Shariah, and IT teams.
- Develop high-quality Business Requirement Documents (BRD) and Functional Requirement Documents (FRD).
- Perform detailed AS-IS to TO-BE process mapping, gap analysis, and solution definition.
- Ensure alignment of functional requirements with Islamic banking principles and Shariah compliance.
Temenos Transact (T24) Islamic Banking Expertise
- Act as a functional SME for Temenos Transact Islamic Banking modules, with strong focus on:
- Islamic Financing & Lending products (Murabaha, Ijarah, Mudarabah, Musharakah, Tawarruq, etc.)
- Customer & Account Management
- Deposits and Savings (Islamic structures)
- Provide functional inputs for product setup, parameterization, and configuration in Temenos Transact.
AA & LD to AA Migration
- Lead functional analysis for Arrangement Architecture (AA)–based products.
- Drive LD to AA migration initiatives, including:
- Mapping legacy LD structures to AA-based products
- Defining product models, terms, and conditions in AA
- Supporting data migration, validation, and reconciliation activities
- Work closely with Temenos technical teams to ensure correct functional behavior post-migration.
- Support business readiness and change management for AA adoption.
Testing & UAT Support
- Define and review UAT strategy, test scenarios, and test cases for Islamic banking and AA-based products.
- Support UAT execution, defect triage, and resolution.
- Validate system outputs to ensure business, accounting, and Shariah requirements are met.
Documentation & Governance
- Prepare and maintain:
- BRDs, FRDs, and functional design inputs
- End-to-end process flows and data mappings
- Migration and product configuration documentation
- Ensure documentation meets governance and audit standards.
- Maintain traceability between business requirements and Temenos Transact functionality.
Stakeholder & Project Coordination
- Act as a key liaison between business users, IT, Temenos vendors, and system integrators.
- Participate in project planning, estimation, and delivery governance forums.
- Identify and track functional dependencies, risks, and issues.
- Provide regular status updates and ensure stakeholder alignment throughout the project lifecycle.
Requirements:
- 5+ years of experience as a Business Analyst in banking or financial services.
- Strong hands-on experience with Temenos Transact (T24) in Islamic banking environments.
- Proven experience in AA-based implementations and LD to AA migration projects.
- Solid background in core banking transformation, upgrade, or modernization programs.
- Strong functional understanding of:
- Islamic lending and financing products
- Islamic deposits and savings structures
- End-to-end Islamic banking business processes
- Experience working closely with Shariah teams is a strong advantage.
- Familiarity with regulatory and compliance requirements in Islamic banking.
- Strong functional knowledge of Temenos Transact architecture and modules, especially AA.
- Proficient in MS Word, Excel, and Visio for documentation and process modeling.
- Excellent analytical and problem-solving skills.
- Strong communication and stakeholder management abilities.
- Ability to work effectively in complex, multi-stakeholder, and fast-paced environments.
- Proven capability to operate as a functional SME and trusted advisor.
- Bachelor's degree in Business Administration, Finance, IT, or a related field.
- CBAP / CCBA certification is a plus.
- Temenos Transact / Islamic Banking certifications or trainings are highly desirable.
