Business Analyst – Collateral Management

Luxoft Germany; United Kingdom; Remote; GBP 90,000 - 130,000; Full time

Job summary

Luxoft is seeking a senior Business Analyst to define and deliver the Securities Services collateral management capability, focusing on Broadridge SFCM implementation. You will translate business, operations, risk and technology needs into clear requirements, workflows, interfaces and UAT criteria for onboarding, valuation and margin management.

The role requires extensive BA experience in banking and collateral management, with strong data, stakeholder and governance skills to drive delivery in

Qualifications

• 10+ years of overall experience with 5+ years as a Business Analyst in banking or collateral management.
• 3+ years in Securities Services/Custody transformation or related domains.
• Experience with Broadridge SFCM/CMS preferred.
• Ability to translate business needs into BRDs, FSDs and UAT criteria.
• Strong stakeholder management across multiple disciplines.

Responsibilities

• Translate requirements for collateral onboarding, eligibility rules, haircuts, margins and exposure monitoring into BRD/FSD/user stories with acceptance criteria.
• Define data and integration requirements for positions, trades, prices, limits and exposures across custody platforms and data sources.
• Develop process maps, data lineage, reconciliation approach and control design for MT535/API/manual feeds.
• Support decisions on target-state design and governance for funding, integration and enhancements.
• Drive UAT preparation and execution including test scenarios for collateral value, breach alerts and margin-call triggers.

Skills

Financial services

Business analysis

Securities services

Stakeholder management

SDLC & Agile

BRD/FSD development

Data mapping

Vendor management

UAT management

Broadridge SFCM familiarity

Requirements tracing

Tools

SWIFT MT535

Broadridge SFCM

Job description

Project description

The Business Analyst will be responsible for defining and delivering the Securities Services collateral management capability, with primary focus on the planned use of Broadridge Collateral Management (SFCM). The role will translate business, operations, risk, credit and technology needs into clear requirements, operating workflows, interfaces, controls, reports and UAT acceptance criteria for collateral onboarding, valuation, exposure monitoring, LTV / breach management and margin-call related processes

Responsibilities

• Translate requirements for collateral onboarding, acceptable instruments, eligibility rules, haircuts, margins, concentration checks, collateral valuation and exposure monitoring into BRD / FSD / user stories and traceable acceptance criteria.
• Define data and integration requirements for positions, trades, prices, limits and exposures across the custody platform, Broadridge SFCM, market / static data sources and other bank systems as applicable.
• Develop process maps, data lineage, reconciliation approach and control design for MT535 / API / manual position feeds, incremental trade updates, mark-to-market valuation and collateral value recalculation.
• Support decisions on tactical versus target-state solution design, including what can be handled through SFCM configuration versus items requiring enhancement, integration or project funding.
• Drive UAT preparation and execution, including test scenarios for collateral value, exposure / LTV calculation, breach alerts, margin-call triggers, dashboard / reporting outputs and operational hand-offs.
• Responsible for defining, challenging and baselining BA artefacts including scope, requirements, process maps, user stories, traceability matrix, UAT scenarios and business sign-off packs.
• Can recommend fit-gap outcomes, prioritization, control requirements and release scope; final decisions on funding, vendor commitments, risk acceptance and go-live remain with accountable governance forums.
• Escalates unresolved scope ambiguity, regulatory / control gaps, data ownership issues, integration risks, vendor dependency and operational readiness concerns in a timely manner.

SKILLS

Must have

• 10+ years of overall experience, including 5+ years as a Business Analyst in banking, securities services, custody, capital markets or collateral management.
• 3+ years hands-on experience in Securities Services / Custody transformation, collateral management, securities finance, GCF, agency lending, lending against custody assets or similar business domains.
• Exposure to Broadridge SFCM / CMS, collateral platforms, securities finance systems, custody platforms, reconciliation platforms, limit / collateral systems or market / static data integrations is strongly preferred.
• Strong understanding of collateral lifecycle: onboarding, position import, eligibility, haircut / margin rules, valuation, exposure calculation, LTV thresholds, breach alerts, margin calls, reporting and reconciliation.
• Working knowledge of relevant data flows and messaging such as SWIFT MT535, trade / position feeds, APIs, pricing feeds, master / static data and downstream reporting extracts.
• Proven ability to create BRDs, FSDs, process maps, operating models, data mapping, interface specifications, user stories, UAT test packs and requirement traceability matrices.
• Experience engaging vendors and SMEs to perform fit-gap analysis, demo preparation, configuration assessment, open-question tracking and delivery dependency management.
• Strong stakeholder management across business, operations, credit / risk, compliance, technology, architecture and vendor teams.
• Good understanding of SDLC, waterfall and agile delivery practices; able to operate in structured governance while supporting iterative design validation.
• Strong analytical, communication and documentation skills with ability to convert complex business / product requirements into practical technology deliverables.
• Technical Competencies: Collateral management; Securities Services / Custody; Securities finance; Exposure and LTV monitoring; Data mapping; Interface analysis; Reconciliation design; UAT management; Vendor fit-gap analysis

Nice to have

NA