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Senior Business Analyst ( Banking and Mainframe

Job in Raleigh, Wake County, North Carolina, 27601, USA
Listing for: Cognizant
Full Time position
Listed on 2026-08-06
Job specializations:
  • Business
    Business Analyst, Business Systems & Technology Analysis
Salary/Wage Range or Industry Benchmark: 65447 - 117000 USD Yearly USD 65447.00 117000.00 YEAR
Job Description & How to Apply Below
Position: Senior Business Analyst ( Banking and Mainframe)

Senior Business Analyst

We are seeking an experienced Senior Business Analyst with strong expertise in Banking Products, Product Design, Agile delivery methodologies, and Mainframe technologies. The ideal candidate will act as the bridge between business stakeholders and technology teams, driving requirement discovery, product enhancement, and delivery of innovative banking solutions. The role requires hands‑on experience in managing the complete requirements lifecycle while supporting business‑critical applications built on COBOL, JCL, VSAM, and SYNCSORT platforms.

Insights from internal banking and business analyst role documents highlight the importance of requirements traceability, stakeholder management, agile delivery, and banking product knowledge.

In this role, you will:
  • Collaborate with business stakeholders to gather, analyse, and document functional and non-functional requirements.
  • Drive product design activities and translate business needs into user stories, process flows, and acceptance criteria.
  • Manage the complete requirements lifecycle, including elicitation, validation, prioritisation, traceability, and change management.
  • Work closely with Product Owners, Developers, QA teams, and business users throughout the SDLC.
  • Facilitate Agile ceremonies including Sprint Planning, Daily Stand‑ups, Reviews, and Retrospectives.
  • Maintain and prioritise product backlogs using Scrum and Kanban frameworks.
  • Analyse and support banking applications built on Mainframe technologies including COBOL, JCL, VSAM, and SYNCSORT.
Work model

We believe hybrid work is the way forward as we strive to provide flexibility wherever possible. Based on this role's business requirements, this is a hybrid position requiring 3 - 4 days a week in a client office in Columbus, Georgia. Regardless of your working arrangement, we are here to support a healthy work‑life balance through our various wellbeing programs. The working arrangements for this role are accurate as of the date of posting.

This may change based on the project you are engaged in, as well as business and client requirements. Rest assured; we will always be clear about role expectations.

Please note:

A few of our roles may require in‑person interviews at Cognizant offices or client locations, depending on project or client needs.

What you need to have to be considered
  • 8+ years of experience as a Business Analyst or Business Systems Analyst.
  • Strong knowledge of Retail Banking, Commercial Banking, Lending, Deposits, Payments, or related banking products.
  • Proven experience in Product Design and Requirement Lifecycle Management.
  • Strong understanding of Agile methodologies, including Scrum and Kanban.
  • Experience creating user stories, epics, process flows, use cases, and acceptance criteria.
  • Hands‑on exposure to Mainframe technologies including COBOL, JCL, VSAM, and SYNCSORT.
Salary and Other Compensation

The annual salary for this position is between $ 65447 to $ 117,000 depending on experience and other qualifications of the successful candidate. This position is also eligible for Cognizant's discretionary annual incentive program, based on performance and subject to the terms of Cognizant's applicable plans.

Benefits
  • Medical/Dental/Vision/Life Insurance
  • Paid holidays plus Paid Time Off
  • 401(k) plan and contributions
  • Long-term/Short-term Disability
  • Paid Parental Leave
  • Employee Stock Purchase Plan

Disclaimer:
The salary, other compensation, and benefits information is accurate as of the date of this posting. Cognizant reserves the right to modify this information at any time, subject to applicable law.

Cognizant is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law.

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Position Requirements
10+ Years work experience
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