Business Analyst, Core Engineering

PenFed is hiring a hybrid Business Analyst for Core Engineering at our Tysons, Virginia location. This role drives strategic business analysis, incident triaging, and system testing for core money movement infrastructure across Fedwire, ACH, and Consumer Banking networks including Credit and Debit Cards.

Responsibilities

• Support multiple projects by completing and updating project documentation, managing project scope, adjusting schedules as needed, determining daily priorities, and ensuring efficient, on-time delivery of project tasks and milestones; follow proper escalation paths, and leverage AI for requirement gathering, analysis, and testing.
• Understand and develop process flows related to IT applications and core engineering systems, including key decision points; analyze process flows to identify opportunities for improvement, re-engineering, or elimination while utilizing expertise in ACH, Wires, and Money Movement networks.
• Coordinate the evaluation, scope, and completion of new development/enhancement requests; distinguish complex system behaviors and accurately classify baseline requirements versus system defects.
• Deploy advanced AI methodologies to generate requirements using ROVO from raw concepts, transforming unstructured business notes into structured requirements.
• Build test scripts using AI against the requirements and remain proficient in using MS VS Copilot to accelerate software quality assurance cycles.
• Perform certification and/or user acceptance testing and/or coordination for changes affecting assigned stakeholders, directly managing Requirement, Incident, and Hogan testing on COBOL and similar legacy languages.
• Act as the liaison between application development teams and business SMEs to map IT requirements precisely through clear, effective communication.
• Research, document, and troubleshoot issues within the assigned platform, executing comprehensive Business Analysis, triaging, and testing to ensure fixes address root issues and updates are communicated with affected users.
• Collaborate with business users and IT teams of varying backgrounds to produce deliverables that meet business needs while aligning with the strategic vision.
• Support occasional late-night deployments for production validation to guarantee stable upgrades across core financial legacy networks.
• Conduct stakeholder demos, presentations, and assist in business development initiatives; produce proofs of concept to demonstrate potential solutions to business stakeholders and IT review boards.
• Complete ongoing extracurricular research, training, and activities to stay updated on industry trends, legacy platform optimization, and modern AI analysis best practices.

Requirements

• Bachelor's degree in Business, Information Technology, Computer Science, or a related field is required; equivalent combination of education and experience is considered.
• Solid background in Banking and Financial Services (BFS) is strictly required.
• Minimum of 8-10 years of experience performing foundational business analysis within legacy systems environments, including eliciting requirements, managing stakeholders, and mapping business processes.
• Experience gathering technical and business requirements and documenting User Stories in Jira.
• Proven expertise in global and domestic payment processing, with deep knowledge of core infrastructure across Fedwire, ACH, and Consumer Banking networks including Credit and Debit Cards, as well as transaction routing.
• Demonstrated experience managing end-to-end technical QA cycles, including defect triage and requirements verification.
• Experience acting as the primary liaison between technical development teams and business Subject Matter Experts (SMEs).
• Excellent verbal and written communication skills; comfortable delivering presentations to all levels of the organization, across both business and IT divisions.
• Effective problem-solving and multitasking skills with the ability to manage priorities and move between multiple projects as needed.

Preferred Experience & AI Proficiency

• Experience working with Hogan core banking systems, mainframe architectures, and applications written in COBOL or similar legacy languages.
• Hands-on experience leveraging AI tools for requirement gathering, analysis, and testing optimization.
• Advanced proficiency using ROVO for automated requirement generation and MS Visual Studio Copilot for script generation and system analysis.
• Experience mapping complex IT application workflows and participating in legacy system modernization or migration initiatives within a BFS environment.

Work Environment

• Regular exposure to an indoor office setting with moderate noise.
• Occasional travel to headquarters or other IT office locations may be required to support system testing or feature onboarding initiatives.
• Occasional late-night deployments for production validation.

Pay

The anticipated starting salary range for this role is $69,000.00 - $147,477.00. This position is eligible for organizational and individual performance-based annual bonuses, subject to board discretion and approval.

Benefits

• Comprehensive health, dental, and vision plans.
• Paid time off and family-friendly benefits, including paid parental leave and care support.
• Fitness center access.
• 401(k) match and employee loan discounts.
• Fully paid life and disability coverage.
• Education assistance for professional growth.
• Community involvement and volunteer opportunities.