Capital Markets Business Analyst

Job Title: Capital Markets Business Analyst

Location: Washington, DC, (Onsite 3–4 Days/Week)
Job Type: Contract

Job Description:

We are seeking an experienced Capital Markets Business Analyst with strong domain expertise in Treasury, Credit Risk, Market Risk, and Counterparty Management, working closely with business, vendor, and technology teams in a COTS environment.

Key Responsibilities:

Business Analysis & Requirements Management

• Partner with Treasury, Market Risk, Counterparty Management, Credit Risk, and Compliance teams to gather and analyze requirements

• Work on credit limits & utilization, counterparty ratings & methodologies, and hierarchies, portfolios & exposure aggregation

• Translate business needs into functional requirements, user stories, process flows, and data mappings

• Perform gap analysis between current and future state processes

• Validate requirements against COTS platform capabilities and identify configuration vs customization

Vendor & Stakeholder Collaboration

• Collaborate with COTS vendor to clarify requirements, review solution designs, and validate configurations

• Act as a bridge between business users, vendor teams, and internal IT teams (Dev, QA, Data, Integration)

• Facilitate workshops, backlog grooming sessions, sprint reviews, and UAT sessions

Integration, Data & Downstream Systems

• Define data interface requirements between treasury systems, credit platforms, and pre/post-trade compliance systems

• Collaborate with data teams on data models, mappings, controls, and reconciliation rules

• Ensure accuracy, completeness, and timeliness of credit-related data flows

Agile Delivery & Testing

• Participate in Agile ceremonies including sprint planning, stand-ups, and retrospectives

• Write user stories with clear acceptance criteria

• Support system testing, UAT, and defect triage

• Ensure solutions align with regulatory, audit, and risk governance requirements

Required Qualifications:

• Bachelor’s degree in Business, Finance, Information Systems, or related field

• 7 years of Business Analyst experience in financial services (Capital Markets, Treasury, Credit Risk, Market Risk, Counterparty Risk)

Required Skills:

• Strong understanding of trade lifecycle including OTC and exchange-traded instruments, counterparty exposure, and portfolio aggregation

• Experience with credit limits, exposure management, utilization, and counterparty ratings

• Experience working with COTS platforms and Agile environments

• Strong data skills including data analysis, data mapping, and SQL

• Ability to interpret data models, source-to-target mappings, and APIs/interfaces

Preferred Skills:

• Experience with Treasury Management Systems (TMS)

• Knowledge of pre-trade and post-trade compliance processes

• Familiarity with counterparty hierarchy, legal entities, and netting structures

• Understanding of credit exposure calculations and ratings usage across portfolios

• Experience with market data providers, rating agencies, and internal credit models