About the Role
The company is expanding its Middle East delivery team, focusing on Islamic banking and wealth management transformations. We are seeking a Business Analyst with in-depth knowledge of Islamic banking operations, including product structuring, Sharia governance, and the operational accounting treatment that follows. This role requires transforming knowledge into actionable requirements, designs, and test cases for technology teams. You will be based in the Dubai office, working on various engagements across Kuwait, Qatar, Saudi Arabia, and the UAE, in collaboration with our Avaloq and digital banking practices.
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Key Responsibilities
- Lead requirement workshops with business, Sharia, risk, finance, and operations stakeholders at Islamic banks and investment companies, documenting outcomes as functional specifications, process flows, and user stories.
- Translate Islamic product structures (Murabaha, Ijara, Mudaraba, Musharaka, Wakala, Sukuk, Islamic funds, and treasury) into system configuration and data requirements, including profit calculation, pool management, late payment treatment, and purification.
- Map the end-to-end client lifecycle for Islamic private banking and asset management: onboarding, suitability, investment advisory, portfolio management, fund subscriptions and redemptions, Zakat, and reporting.
- Own the functional aspects of implementation phases: analysis and design, build support, system integration testing, user acceptance testing, data migration validation, and training.
- Produce essential artefacts such as gap analyses, traceability matrices, test scenarios, migration mapping sheets, user guides, and sign-off packs.
- Collaborate with Sharia boards and internal Sharia audit to ensure proposed designs comply with approved structures and AAOIFI standards, maintaining a clear record of agreements.
- Support proposals and client presentations with product knowledge, demonstrations, and effort estimates.
- At the Senior Consultant level, oversee a workstream, mentor junior analysts, manage client relationships for your stream, and contribute to account growth.
Requirements
- Five to eight years in business analysis or product roles in an Islamic bank, an Islamic window of a conventional bank, an Islamic investment company, or a consultancy catering to them.
- Working knowledge of AAOIFI accounting and Sharia standards and familiarity with at least one GCC regulator’s Islamic banking framework (CBUAE, CBK, QCB, SAMA, or CMA).
- Hands-on experience with at least one core banking or wealth platform implementation, such as Avaloq, Temenos T24 or Transact, Path Solutions iMAL, Oracle FLEXCUBE, or Finacle; experience with Avaloq is an advantage.
- Strong documentation discipline, with a proven ability to produce requirements and test cases that are robust during UAT and client audit evaluations.
- Proficient with data management tools, including SQL for validation, migration mapping, and reconciliation of positions and balances.
- A proven track record of managing functional streams through UAT and go-live phases, with direct client stakeholder management.
- Fluent in English; proficiency in Arabic is considered an advantage.
- Willingness to travel within the GCC during workshops and testing phases.
Benefits
- A central role in the company’s Middle East growth, where your contributions are visible to clients and partners from day one.
- Exposure to the complete lifecycle of greenfield and replacement core banking programs, rather than being limited to a single module.
- Structured professional development through the company Academy, Avaloq certification, and a career advisor model with transparent promotion criteria.
- Competitive compensation package with DIFC employment, medical coverage, and relocation support where applicable.
