Posted 18 June, 2026
Functional Analyst
VARITE INDIA PRIVATE LIMITED
Bangalore, Karnataka, IN
Full Time
Reference: 26-34152-2522-2
Company Name: VARITE India Private Limited
About The Client:
An American multinational information technology infrastructure services provider that designs, builds, manages and develops large-scale information systems. It is currently the world's largest IT infrastructure services provider and the fifth-largest consulting provider.
About The Job:
How to Apply: Interested candidates are encouraged to respond/submit their updated resumes, and for additional job opportunities, please visit Jobs In India – VARITE.
Unlock Rewards: Refer Candidates and Earn.
If you're not available or interested in this opportunity, please pass this along to anyone in your network who might be a good fit and interested in our open positions. VARITE offers a Candidate Referral program, where you'll receive a one-time referral bonus based on the following scale if the referred candidate completes a three-month assignment with VARITE.
Experience Level Bonus Referral:
About VARITE: VARITE is a global staffing and IT consulting company providing technical consulting and team augmentation services to Fortune 500 Companies in USA, UK, CANADA and INDIA. VARITE is currently a primary and direct vendor to the leading corporations in the verticals of Networking, Cloud Infrastructure, Hardware and Software, Digital Marketing and Media Solutions, Clinical Diagnostics, Utilities, Gaming and Entertainment, and Financial Services.
Equal Opportunity Employer:
VARITE is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, marital status, veteran status, or disability status.
About The Client:
An American multinational information technology infrastructure services provider that designs, builds, manages and develops large-scale information systems. It is currently the world's largest IT infrastructure services provider and the fifth-largest consulting provider.
About The Job:
- We are looking for a Senior Functional Analyst with strong experience in retail banking and lending domains to work on client-facing banking transformation and digital initiatives.
- This role involves working with global banking clients to gather requirements, define functional solutions, and support delivery across digital banking, core banking, and lending platforms. The candidate will act as a bridge between business stakeholders and technical teams in an Agile delivery environment.
- Engage with client stakeholders to gather, analyze, and document business requirements.
- Convert business requirements into detailed functional specifications including BRD, FRS, user stories, and acceptance criteria.
- Define end-to-end functional workflows, process maps, and business rules.
- Ensure requirements are complete, testable, and aligned with client expectations.
- Work on retail banking products such as current accounts, savings accounts, deposits, cards, and digital banking channels.
- Collaborate with development, QA, and architecture teams to ensure accurate solution implementation.
- Support System Integration Testing (SIT), User Acceptance Testing (UAT), and defect triaging.
- Participate in issue analysis, impact assessment, and resolution tracking.
- Validate solutions against business requirements and regulatory expectations.
- Act as a liaison between client business users, product owners, operations teams, and internal IT teams.
- Facilitate requirement workshops, clarification sessions, and solution walkthroughs.
- Support coordination across distributed teams and multiple stakeholders.
- Contribute to digital transformation programs, core banking upgrades, and regulatory change initiatives.
- Coordinate across lending domain processes including loan origination, credit assessment, underwriting, approval, disbursement, servicing, repayment, and closure.
- Support Agile ceremonies including sprint planning, backlog refinement, and reviews.
- Assist in continuous improvement of business processes and customer journeys.
- Strong understanding of retail banking and lending domain processes.
-
Familiarity with European banking regulations (preferred):
- PSD2 / PSD3
- Consumer Credit Directive (CCD)
- Mortgage Credit Directive (MCD)
- Knowledge of KYC, AML, sanctions screening, and GDPR compliance requirements.
- Strong experience in translating business requirements into functional documentation.
- Experience working in Agile (Scrum) and/or Waterfall delivery models in IT service environments.
- Ability to create process flows, data flows, and customer journey diagrams (Visio or similar tools).
- Understanding of APIs, integration layers, and digital banking platforms.
- Exposure to reporting and analytics tools such as:
- Microsoft Power BI
- MicroStrategy
- Dataiku
- 5–9+ years of experience as Functional Analyst / Business Analyst in IT services or banking transformation projects.
- Strong experience in retail banking or financial services domain.
- Exposure to large-scale client delivery programs.
- Strong communication, stakeholder management, and analytical skills.
- Ability to work in multi-vendor, global delivery environments.
How to Apply: Interested candidates are encouraged to respond/submit their updated resumes, and for additional job opportunities, please visit Jobs In India – VARITE.
Unlock Rewards: Refer Candidates and Earn.
If you're not available or interested in this opportunity, please pass this along to anyone in your network who might be a good fit and interested in our open positions. VARITE offers a Candidate Referral program, where you'll receive a one-time referral bonus based on the following scale if the referred candidate completes a three-month assignment with VARITE.
Experience Level Bonus Referral:
| 0-2 years | INR 5,000 |
| 2-6 years | INR 7,500 |
| 6+ years | INR 10,000 |
About VARITE: VARITE is a global staffing and IT consulting company providing technical consulting and team augmentation services to Fortune 500 Companies in USA, UK, CANADA and INDIA. VARITE is currently a primary and direct vendor to the leading corporations in the verticals of Networking, Cloud Infrastructure, Hardware and Software, Digital Marketing and Media Solutions, Clinical Diagnostics, Utilities, Gaming and Entertainment, and Financial Services.
Equal Opportunity Employer:
VARITE is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, marital status, veteran status, or disability status.
