Business Analyst - Settlements

Albany Beck; Greater London; On-site; GBP 55,000 - 70,000; Full time

Job summary

Albany Beck, a specialist financial services consultancy, seeks an experienced Business Analyst with strong knowledge of Settlements and Custody/Securities Services to support business and technology change initiatives across post-trade and asset servicing functions.

The role requires rapid understanding of complex operational workflows, close collaboration with SMEs, and delivering improvements across the trade lifecycle through well-documented requirements, user stories, and test scenarios.

Qualifications

• Proven Business Analyst experience within Custody Banking, Asset Servicing, or Securities Services environments.
• Strong understanding of securities settlements across equities, fixed income, and other financial instruments.
• Good knowledge of global custody and post-trade processes.
• Experience documenting requirements using user stories, BRDs, FRDs, process flows, and data models.
• Strong stakeholder management skills, with the ability to challenge and influence senior business stakeholders.
• Experience working within Agile, Waterfall, or hybrid delivery environments.
• Knowledge of SWIFT messaging (MT and ISO20022 formats).
• Understanding of T2S, CSDR, CREST, Euroclear, Clearstream, DTCC, or other market infrastructures.
• Experience with custody platforms, settlement platforms, or asset servicing systems.
• Exposure to regulatory change initiatives impacting Securities Services.
• Familiarity with SQL, data analysis, and reconciliation processes.

Responsibilities

• Work with Operations, Product, and Technology stakeholders to gather, document, and validate business requirements.
• Analyse current-state processes and define target operating models across settlement and custody functions.
• Facilitate workshops with SMEs to identify process improvements, operational risks, and automation opportunities.
• Produce high-quality business requirements, functional specifications, process maps, user stories, and test scenarios.
• Support change initiatives impacting settlements, custody, asset servicing, cash and securities processing.
• Perform gap analysis between current and future state processes and systems.
• Collaborate with development and testing teams throughout the project lifecycle.
• Assist with UAT planning, execution, defect management, and business sign-off activities.
• Ensure solutions align with regulatory, market, and operational requirements.
• Support implementation activities and post-go-live stabilisation.

Skills

Business Analysis

Securities Services

Stakeholder Management

Agile/Waterfall/Hybrid

SQL/Data Analysis

Tools

SWIFT MT/ISO20022

Job description

Albany Beck is a specialist financial services consultancy, delivering expertise across Technology, Data, Risk & Compliance, Change & Transformation, and Operations. We partner with leading financial services organisations to deliver complex projects and transformation initiatives through our experienced consultants.

Overview

We are seeking an experienced Business Analyst with strong knowledge of Settlements and Custody/Securities Services to support a range of business and technology change initiatives. The successful candidate will work closely with Operations, Technology, Product, and Change teams to analyse current processes, define requirements, and help deliver strategic solutions across post-trade and asset servicing functions.

This role requires a BA who can quickly understand complex operational workflows, engage effectively with SMEs, challenge existing processes, and drive improvements across the trade lifecycle.

Key Responsibilities

• Work with Operations, Product, and Technology stakeholders to gather, document, and validate business requirements.
• Analyse current-state processes and define target operating models across settlement and custody functions.
• Facilitate workshops with SMEs to identify process improvements, operational risks, and automation opportunities.
• Produce high-quality business requirements, functional specifications, process maps, user stories, and test scenarios.
• Support change initiatives impacting settlements, custody, asset servicing, cash and securities processing.
• Perform gap analysis between current and future state processes and systems.
• Collaborate with development and testing teams throughout the project lifecycle.
• Assist with UAT planning, execution, defect management, and business sign-off activities.
• Ensure solutions align with regulatory, market, and operational requirements.
• Support implementation activities and post-go-live stabilisation.

Required Experience

• Proven Business Analyst experience within Custody Banking, Asset Servicing, or Securities Services environments.
• Strong understanding of securities settlements across equities, fixed income, and other financial instruments.

Good knowledge of global custody and post-trade processes.

• Experience working on initiatives involving:
• Trade Settlement
• Fails Management
• Cash & Securities Reconciliations
• Corporate Actions
• Cash Processing
• Experience documenting requirements using user stories, BRDs, FRDs, process flows, and data models.
• Strong stakeholder management skills, with the ability to challenge and influence senior business stakeholders.
• Experience working within Agile, Waterfall, or hybrid delivery environments.
• Knowledge of SWIFT messaging (MT and ISO20022 formats).
• Understanding of T2S, CSDR, CREST, Euroclear, Clearstream, DTCC, or other market infrastructures.
• Experience with custody platforms, settlement platforms, or asset servicing systems.
• Exposure to regulatory change initiatives impacting Securities Services.
• Familiarity with SQL, data analysis, and reconciliation processes.