Business Analyst - Capital Market

About the Role

We are seeking a Business Analyst with strong Capital Markets domain expertise to drive analysis, solution design, and delivery for front-, middle-, and back-office initiatives. You will partner with trading, risk, operations, compliance, and technology teams to modernize platforms, improve STP, reduce operational risk, and ensure regulatory compliance across multiple asset classes.

Key Responsibilities

• Requirements & Analysis• Elicit, document, and prioritize business requirements, user stories, and acceptance criteria across trading, risk, and post-trade processes.

• Perform process mapping (BPMN/UML), data flow analysis, and gap assessment of current vs. target state.

• Translate business needs into clear functional specifications, data mappings, and interface/API contracts.

• Capital Markets Domain Delivery• Analyze trade lifecycle events: order capture, execution, allocation, confirmation/affirmation, clearing, settlement, reconciliations, and corporate actions.

• Work across asset classes (Equities, Fixed Income, FX, Listed/OTC Derivatives) and related workflows (OMS/EMS, market connectivity, FIX, SWIFT, ISO 20022).

• Support risk, pricing, and P&L processes; collaborate with quants/risk teams on data and model integration (e.g., VaR inputs, sensitivities).

• Drive reference data, instrument setup, market data sourcing, and golden-source strategies.

• Regulatory & Controls• Interpret and embed regulatory requirements (e.g., MiFID II/MiFIR, EMIR, Dodd-Frank, Basel III, CFTC/SEC, SFTR, CAT) into business processes and systems.

• Define controls, audit trails, and surveillance/reporting needs; support compliance and audit stakeholders.

• Delivery & Stakeholder Management• Facilitate workshops with traders, operations, compliance, technology, and vendors; manage cross-functional alignment.

• Maintain product backlogs; support Agile ceremonies; ensure scope, dependencies, and risks are transparent.

• Contribute to solution design, prototyping, and vendor evaluations/RFPs; coordinate with OMS/EMS/custody/clearing vendors.

• Testing & Change Management• Create test strategies, test cases, and UAT plans; manage defect triage and sign-offs.

• Support production readiness, playbooks, SOPs, user training, and go-live hypercare.

• Data & Reporting• Define reporting requirements (regulatory, risk, client, operational); enable dashboards/BI; ensure data quality and lineage.

Qualifications

• 5–7 years (mid-level) of Business Analysis experience in Capital Markets at an investment bank, broker-dealer, asset manager, or market infrastructure.

• Strong understanding of trade lifecycle, market structure, and at least two asset classes.

• Hands-on experience with OMS/EMS, post-trade (clearing/settlement, DTCC/Euroclear/CCPs), and market/data standards (FIX, SWIFT, ISO 20022).

• Demonstrated experience delivering regulatory/reporting or risk-related initiatives.

Skills and Competencies

• Business Analysis: requirements elicitation, process modeling (BPMN/UML), data modeling, use cases, user stories, acceptance criteria.

• Domain: order management, execution, allocations, confirmations/affirmations, clearing/settlement, reconciliations, corporate actions, reference data, and KYC/AML basics.

• Regulatory: MiFID II/MiFIR, EMIR, Dodd-Frank, Basel III, SFTR, CAT (exposure to regional equivalents a plus).

• Technical: SQL for analysis, Excel (advanced), data mapping, JSON/XML, API concepts; familiarity with FIX/SWIFT messages and ISO 20022 schemas.

• Tools: JIRA/Confluence, Visio/Lucidchart, Postman/Swagger; Tableau/Power BI; Git basics; Python/R for analysis a plus.

• Delivery: Agile/Scrum, stakeholder management, vendor coordination, documentation excellence, strong communication and presentation skills.