Position Purpose: The Lead Business Analyst, Global Market OTC Derivative will be a key contributor to the firms strategic initiatives, acting as a liaison between front-office trades, operations, risk management, and technology teams. This role requires a deep, end-to-end understanding of the OTC derivatives trade lifecycle, from execution and trade capture to settlement, valuation, and regulatory reporting. The successful candidate will lead the analysis and delivery of complex IT solutions and process improvements that support and enhance the global OTC trading desk.
These applications are manned by a team of Business Analysts, Developers and Testers, spread across London, Paris, Singapore and India, with program management in London. The team is made of very senior technicians and analysts globally, who create tools and support the functional application teams by being leaders on matters of technology.
Agile Scrum methodology has followed as SDLC. The position will be working as a part of the scrum taking on roles of Business analyst or Scrum master as required.
Responsibilities
Direct Responsibilities
- Strategic Project Leadership: Lead and manage complex project for OTC derivative business initiatives from ideation to delivery, working in an Agile.
- Business Requirement Analysis: Elicit, analyse, and document complex business requirements from global stakeholders, creating functional specifications, user stories, and acceptance criteria.
- Stakeholder Management: Act as a primary point of contact for senior-level stakeholder across trading, risk, operations, and IT to ensure alignment and drive consensus on business needs and strategic direction.
- Expert Analysis and Solution Design: Perform in-depth analysis to identify business gaps, optimize front-to-back processes, and design effective system and process solutions that mitigate risk and increase operational efficiency.
- Trade Lifecycle Management: Utilize extensive knowledge of the OTC trade lifecycle, including trade booking, confirmation, clearing, settlement, collateral management, and other post-trade events.
- Regulatory Compliance: Translate complex global regulatory requirement (e.g. EMIR, DF, MiFID, KRX and so on) into functional system requirement and implement solution that ensure compliance.
- Quality Assurance and Testing: Oversee and participate in the creation and execution of detailed test cases and user acceptance testing (UAT) to validate that solution meet business requirements.
- Mentorship and Coaching: Guide and mentor team members on derivative products and best practices for system analysis and delivery.
- Continuous Improvement: Proactively monitor market trends, technology, and industry best practices to recommend and implement process and system enhancements.
Contributing Responsibilities
- Team player.
- Effectively communicate with stakeholders.
- Adhere to timelines set for delivery.
- Open to new technology adaptations, learning and implementation within the project.
- Maintain the team practices and processes, retrospectives.
- Status reporting to technical and functional managers.
Technical & Behavioral Competencies - Working experience in Financial Markets & Trading Platforms (OTC derivative products predominantly Interest Rate Derivatives), Trade Life Cycle and familiarity with underlying data.
- Understanding of Front Office/Middle Office/ Back-office functions.
- Strong analytical and investigative skills - Understand and efficiently analyze information/requirements from multiple sources.
- Demonstrated leadership ability in project management, team coordination, and driving strategic change.
- Experience in writing BRDs and FSDs.
- Very Good knowledge of RDBMS / SQL.
- Possess the ability to explain and articulate solutions and work constructively with others including more senior and junior members in the team to implement the same.
- Good to have experience of IBM MQ.
- Demonstrate the ability to show initiative and take the lead solving business focused analytics problems.
- Have a can do attitude that focuses on resolving the overall problem in the medium and long term as well as meeting the short-term objectives.
- Willingness and ability to put effort even when not explicitly requested to do so.
Specific Qualifications
- 12 to 15 years of experience as a Business Analyst in capital markets, with extensive hands-on experience in OTC derivatives.
- Deep knowledge of OTC derivative products across multiple asset classes, including LMB, equity, rates, and credit derivatives.
- Significant experience with core OTC derivative systems and platforms (e.g. Calypso, Murex, vendor systems) and tools for confirmation (e.g. Markitwire, DTCC).
- Strong IRD knowledge.
Skills Referential(Required knowledge, skills and abilities)
Technical Skills:
- Very Good knowledge of RDBMS / SQL
- Experience in writing BRDs and FSDs
- Good to have experience of IBM MQ
- Python (good to have)
Behavioral Skills:
- Ability to collaborate / Teamwork
- Decision Making
- Creativity & Innovation / Problem solving
- Communication skills - oral & written
- Ability to share / pass on knowledge
Education Level: Bachelors degree or equivalent
Location: Bangalore
