Business Analyst

Why Join Iris?

Are you ready to do the best work of your career at one of India’s Top 25 Best Workplaces in IT industry? Do you want to grow in an award-winning culture that truly values your talent and ambitions?

Join Iris Software — one of the fastest-growing IT services companies — where you own and shape your success story.

About Us

At Iris Software, our vision is to be our client’s most trusted technology partner, and the first choice for the industry’s top professionals to realize their full potential.

With over 4,300 associates across India, U.S.A, and Canada, we help our enterprise clients thrive with technology-enabled transformation across financial services, healthcare, transportation & logistics, and professional services.

Our work covers complex, mission-critical applications with the latest technologies, such as high-value complex Application & Product Engineering, Data & Analytics, Cloud, DevOps, Data & MLOps, Quality Engineering, and Business Automation.

Working with Us

At Iris, every role is more than a job — it’s a launchpad for growth.

Our Employee Value Proposition, “Build Your Future. Own Your Journey.” reflects our belief that people thrive when they have ownership of their career and the right opportunities to shape it.

We foster a culture where your potential is valued, your voice matters, and your work creates real impact. With cutting-edge projects, personalized career development, continuous learning and mentorship, we support you to grow and become your best — both personally and professionally.

Curious what it’s like to work at Iris? Head to this video for an inside look at the people, the passion, and the possibilities. Watch it here.

Job Description

Overview: We are seeking a highly analytical and experienced Senior Business Analyst to support the implementation, enhancement, and ongoing production of IFRS 9 Expected Credit Loss (ECL) models and Non-Performing Asset (NPA) reporting. The ideal candidate will possess 6-8 years of dedicated experience in a Business Analyst role within the financial services sector, specifically bridging the gap between Risk, Finance, and Technology teams. This role is critical in ensuring accurate, compliant, and timely reporting of impairment provisions (Stage 1, 2, and 3 assets) and effective management of non-performing assets.

Key Responsibilities

• Requirement Management & Documentation:
  
  

○ Act as a lead liaison with various business stakeholders (including Risk Partners, Finance, and Operations) to meticulously elicit, analyze, and document comprehensive business requirements.

○ Translate complex business needs into detailed specifications, creating clear and concise Business Requirement Documents (BRDs) and Functional Specification Documents (FSDs).

○ monitor criteria for Significant Increase in Credit Risk (SICR) to accurately classify financial instruments into Stages 1, 2, and 3, ensuring appropriate impairment recognition.

• IFRS 9 ECL Production & Reporting:
  
  

○ Actively participate in the monthly/quarterly production and reporting of IFRS 9 Expected Credit Losses, including the calculation of 12-month and lifetime ECL.

○ Actively contribute to the development, validation, and comprehensive documentation of key IFRS 9 components, including PD (Probability of Default), LGD (Loss Given Default), and EAD (Exposure at Default) models.

• NPA Management & Reporting:
  
  

○ Monitor and report on non-performing assets (Stage 3 loans), overseeing the transition of assets into default and ensuring adequate provision coverage in alignment with regulatory guidelines.

• Data Governance & Analysis:
  
  

○ Extract, analyze, and validate large datasets from diverse upstream sources (e.g., loan origination systems, collateral management platforms) to ensure high data quality and integrity for ECL engine inputs and NPA reporting.

○ Incorporate and analyze macroeconomic scenarios (e.g., GDP growth, unemployment rates, property prices) into ECL calculations to reflect forward-looking information.

• Stakeholder Engagement & Cross-functional Collaboration:
  
  

○ Collaborate effectively with Risk, Finance, Technology, and other cross-functional teams throughout the project lifecycle.

○ Present insightful analytical findings on portfolio quality, ECL movements, and NPA trends to diverse stakeholders, including risk management, finance, and senior leadership teams.

• Testing & Validation:
  
  

○ Develop test plans, scenarios, and execute User Acceptance Testing (UAT) to ensure solutions meet business requirements and are fit for purpose.

○ Perform post-production validation of system enhancements and reports.

• Control & Governance:
  
  

○ Establish and maintain robust control frameworks, ensuring strict compliance with IFRS 9 standards, and preparing meticulous audit trails and documentation for both internal and external auditors.

Mandatory Competencies

BA - Business Analyst - Requirement Gathering

BA - Business Analyst - Root Cause Analysis (RCA)

BA - Business Knowledge

BA - Client Interaction

BA - Communication - Verbal, Written

BA - Domain knowledge

BA - Documentation - Story Creation, BRD, FRD Creation

BA - Presentations and Reports

BA - Publish Reports

Perks And Benefits For Irisians

Iris provides world-class benefits for a personalized employee experience. These benefits are designed to support financial, health and well-being needs of Irisians for a holistic professional and personal growth. Click here to view the benefits.

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