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

Salary : $70 - $79