Senior Business Analyst

Job Description

Role Summary

We are seeking a Business Analyst with strong domain expertise in Repo Trading, Collateral Management and Securities Financing to support strategic Global Markets technology initiatives.

Key Responsibilities

• Elicit and document business requirements for Repo trading (Bilateral & Sponsored), Collateral Management and Tri-Party services.
• Analyze and define cashflow lifecycle across repo trades, including opening/closing legs, interest calculations, margin movements, and settlement flows.
• Document margin-related cash movements (Variation Margin, Initial Margin) under UMR (Uncleared Margin Rules) framework.
• Work with Treasury and Operations teams to define liquidity, funding, and intraday cash position reporting requirements.
• Define functional specifications for
  • Interest accrual & repo rate calculations
  • Cash settlement instructions
  • Reconciliation of trade vs cash breaks
• Create BRDs, FRDs, user stories, process flows and data mappings.
• Work closely with Front Office, Operations, Risk and Technology teams to translate business needs into functional specifications.
• Support SIT/UAT cycles and ensure regulatory & operational compliance requirements are met.

Required Skills

• Strong understanding of Repo lifecycle (trade capture, settlement, margining, collateral substitution).
• Knowledge of Tri-Party Repo and Sponsored Member models.
• Analyze and define cashflow lifecycle across repo trades, including opening/closing legs, interest calculations, margin movements, and settlement flows.
• Understanding of UMR, initial/variation margin concepts.
• Experience with Capital Markets platforms (Calypso, Murex, Broadridge – Optional)
• Strong SQL and data analysis skills.
• Excellent stakeholder communication skills.

Preferred

• Experience in Custodian Banks / Investment Banks.
• Exposure to regulatory reporting & collateral optimization tools.

Mandatory Competencies