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Front Office IT Business Analyst
US-NY-New York
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Job Description

Within the Data & Technology Transformation department, Global Markets IT is looking for an associate-level Business Analyst to join the pre-trade IT team. The position of the Front Office IT business Analyst will be focused on supporting the Global Securities Financing, Rates&FX and credit trading activities and new initiatives.

He/she/they will have business analysis and project management skills. He/she/they will work closely with the traders to provide user support on front office risks and pricers tools, trade gateways and electronic execution platforms, collect and formalize business requirements, create, and execute test plan, and report regular statuses. He/she/they will work closely with IT to create high quality solutions that are sustainable over time and that meet business needs.

He/she/they will act as IT coordinator to liaise regularly with the corresponding Head Office departments, as well as the local IT, Front Office, Middle Office, and Operations teams to ensure local needs are implemented correctly as well as issues solved timely.

He/she/they will:

Provide user support to traders on various tools: traders spreadsheets, risks and pricing tools, trade gateways, execution electronic platforms, etc.

Collect functional requirements from traders, trade support, operations, and compliance.

Document business processes: write business requirements documents and functional requirements (use cases, flow diagrams, etc.) and validate them with the business. Assist in the review of functional requirements with IT.

Work with traders to identify issues and work closely with developers to define optimal solutions.

Act as the Subject Matter Expert (SME) on pre-trade IT tools including risks and pricing (rates, fax, credit trading and securities lending)

Design and execute QA/UAT test plans in cooperation with business and support functions.

Review deliverables and ensure that change control procedures are properly followed.

Escalate issues impacting the business in a clear concise and timely manner.

Make recommendations to improve effectiveness and overall process efficiency.

Ensure that all issues/alerts are coordinated, monitored, logged, tracked, resolved, and appropriately documented.

Coordinate and liaise with local and Head Office IT on behalf of local users, ensuring that subject matter experts and stakeholders are appropriately engaged.

Manage deliverables and timelines for projects they manage, under the team manager's supervision.

Provide clear and concise project reporting to USIT management.

Meet regularly with their team to gain feedback, status, and insight.

Foster collaboration between your team, the business and local and global colleagues.

Required Skills/Qualifications/Experience

BS/MS in Finance, Engineering or Computer Science required.
3+ years of work experience with Trading support in an IT Team within financial services
Knowledge of Rates, FX, credit trading and Securities Financing business processes.
Good understanding of financial instruments: IR swaps, futures and forwards, IR curves, Stock/Borrow Loans, Total Return Swaps, Repos, Options, and of risks indicators and pricing methodologies, trade flows, electronic trading
Experience with Regulatory Reporting related topics.
Experience with data manipulation using tools or languages such as Business Objects, SQL over large data sets.
Experience with multiple types of analysis: current state operating model, data reconciliation, quality review, workflow analysis, process improvement, strategic vision, and functional requirements.
Experience driving system implementation, developing, and executing testing strategies, supporting model validation and remediation.


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