Title: Operations and Regulatory IT business Analyst

Location: New York, NY

Duration: Full Time

Job Description:

Position Summary

Join our dynamic Global Markets & Risks IT team, where you'll play a pivotal role in driving innovation for post-trade and regulatory applications. We support crucial areas such as Equity Derivatives, Securities Lending, Global Macro (Rates, FX, Commodities), and Credit Front Office across various support functions. Our team thrives in an agile environment, engaging in all facets of application development—from user needs analysis to design, implementation, delivery, support, and maintenance.

We are on the lookout for several enthusiastic IT Business Analysts to enhance our Operations in the following areas:

• Collateral Management and Cash Management in both external and internal applications (e.g., Calypso)
• Transactional Regulatory Reporting (including TRACE, 15a6)

In this role, you will engage in business analysis to implement innovative features within our applications and provide functional support to our end-users in Operations. You will collaborate closely with Operations, Compliance, and global IT teams, leveraging your solid knowledge of financial products to make a significant impact.

Key Responsibilities

Business Analysis / Project Management:

• Partner with user representatives (traders, operations, compliance) to gather and document business requirements.
• Conduct comprehensive impact and gap analyses.
• Assess and recommend IT solutions that align with business needs.
• Create detailed functional specifications for our IT development teams.
• Define and execute thorough test scripts.
• Coordinate User Acceptance Testing (UAT) to ensure optimal functionality.
• Assist in project scoping and planning, progress reporting, and managing issues and risks, promoting effective communication throughout.

Functional Support / Maintenance:

• Provide day-to-day support for Booking and Back Office applications, including collateral management, cash management, straight-through processing, settlement, clearing, reporting, and accounting.
• Offer ongoing support for Transactional Regulatory Reporting applications, including TRACE reporting.

Qualifications

• Bachelor’s Degree in Computer Science, Finance, or a related field.
• Proven experience in IT business analysis within the finance industry, focusing on Operations and Regulatory topics.
• Solid understanding of equity and fixed income activities related to collateral and cash management, as well as transactional regulatory reporting.
• Familiarity with a variety of financial products (e.g., Structured Products, Equity Options, Securities Lending, TRS, Repo, Interest Rate Derivatives, Credit Bonds, CLO) and their trading workflows.
• Experience with Collateral and Cash Management systems (e.g., Calypso or equivalent), Broker Dealer systems (e.g., Phase 3/Shadow Suite), and trading systems such as Sophis or Smart Loan.
• Understanding of TRACE Reporting requirements.
• Knowledge of SQL is a plus.
• Exceptional communication skills to effectively address the needs of Operations, Front Office, and Compliance teams.
• Ability to prioritize and juggle multiple tasks in a fast-paced environment.
• Strong analytical and problem-solving proficiency.
• Detail-oriented and highly organized.
• Familiarity with Agile practices and methodologies is a bonus.