Business Analyst

A global financial institution in Midtown, NYC is looking to hire a professional Business Analyst with Sponsored Repo experience to join their team and work on a long-term project (hybrid position).

Apply now for more details!

Key Responsibilities:

• Lead business analysis for US Sponsored Repo testing and production rollout initiatives.
• Define acceptance criteria, test scenarios, and validation frameworks for sponsored repo workflows.
• Coordinate UAT activities with trading desks, operations, and technology teams.
• Document defects, track remediation, and verify fixes across test cycles.
• Elicit and document business requirements for Canada Sponsored Repo market expansion.
• Analyze differences in US vs. Canadian repo market conventions, settlement cycles, and regulatory requirements.
• Define functional specifications for Sponsored GC (Triparty) product enhancements.
• Maintain requirements traceability matrices linking business needs to system capabilities.
• Partner with repo traders, collateral managers, and middle-office operations to understand workflows.
• Facilitate working sessions with technology, compliance, and risk teams.
• Present analysis findings, options, and recommendations to senior stakeholders.
• Serve as primary liaison between business units and delivery teams during rollout phases.
• Map end-to-end sponsored repo lifecycle: trade capture, netting, settlement, margin calls, close-outs.
• Identify process inefficiencies, manual workarounds, and automation opportunities.
• Document current-state vs. future-state workflows with swim-lane diagrams.
• Recommend operational improvements aligned with industry best practices.
• Define data lineage and reconciliation requirements for sponsored repo positions.
• Specify reporting needs for internal risk monitoring and regulatory submissions.
• Validate data accuracy in pre-production and production environments.
• Support creation of operational dashboards and MI reporting.

Required Qualifications:

• 5+ years as a Business Analyst in capital markets, specifically in repo or collateral financing.
• Strong understanding of sponsored repo mechanics: principal vs. agency, netting agreements, margin frameworks.
• Working knowledge of US repo markets (FICC, bilateral settlement) and triparty infrastructure (BNY Mellon, Euroclear).
• Familiarity with Canadian repo market structure and settlement conventions.
• Understanding of collateral management: haircuts, substitution rights, mark-to-market processes.
• Proficiency in requirements elicitation techniques: interviews, workshops, process mapping, user stories.
• Experience with testing methodologies: functional, integration, regression, UAT.
• Strong documentation skills using Confluence, JIRA, or equivalent tools.
• Comfortable with SQL for data validation and analysis.
• Familiarity with repo trading platforms (e.g., Bloomberg REPO, Client, proprietary systems).
• Ability to decompose complex repo workflows into clear, testable requirements.

Pay: $70-$80/hr