Senior Business Analyst

Magnit Global; Greater London; Hybrid; GBP 128,000 - 168,000; Full time

Job summary

Magnit Global is seeking a Senior Business Analyst to support Securities Financing, Triparty Collateral and Clearing initiatives in London. The role is hybrid with 3 days in the office and initially a six-month contract.

Day rate is £800 inside IR35, reflecting seniority and delivery responsibility. The successful candidate will drive business analysis, document requirements, and work across Front Office, Markets Operations, and Technology to implement changes, optimise post-trade processes, and

Qualifications

• Delivery-focused business analysis across Securities Financing, Triparty Collateral and Clearing change initiatives.
• Support collateral clearing processes, Triparty arrangements, repo and settlement workflows.
• Identify and resolve post-implementation issues across Sponsored Repo, including trade matching, confirmations, clearing exceptions and reconciliations.
• Gather and document business requirements, user stories, process flows and functional specifications.
• Define and enhance Target Operating Models (TOM), operational processes and controls.
• Work closely with Front Office, Markets Operations, Technology and external clearing participants.
• Support systems integration, data mapping, testing and UAT activities.
• Identify operational inefficiencies and deliver practical improvements across the trade lifecycle.

Responsibilities

• Deliver business analysis across Securities Financing, Triparty Collateral and Clearing change initiatives.
• Support enhancements to collateral clearing processes and triparty arrangements.
• Identify and resolve post-implementation issues across Sponsored Repo.

Skills

Business Analysis

Markets Operations

Triparty Collateral Management

Securities Financing

Repo

SBL

UAT

Regulatory Change

Stakeholder Management

Process Mapping

Job description

Senior Business Analyst – Securities Financing / Triparty Collateral / Repo

London | 3 days in the office | Initial 6 month contract

£800 per day inside IR35

We are seeking an experienced Senior Business Analyst to join a global investment bank, supporting key change initiatives across Securities Financing, Triparty Collateral Management and Clearing within Markets Operations.

The successful candidate will play a key role in delivering a collateral clearing transformation programme, alongside supporting the post-implementation remediation and optimisation of a FICC Sponsored Repo programme. This is a hands-on, delivery-focused position requiring strong business analysis capabilities, excellent product knowledge and experience working across complex investment banking environments.

Key Responsibilities:

• Deliver business analysis across Securities Financing, Triparty Collateral and Clearing change initiatives.
• Support the enhancement of collateral clearing processes, including triparty arrangements, securities lending, repo and settlement workflows.
• Identify and resolve post-implementation issues across Sponsored Repo, including trade matching, confirmations, clearing exceptions and reconciliations.
• Gather and document business requirements, user stories, process flows and functional specifications.
• Define and enhance Target Operating Models (TOM), operational processes and controls.
• Work closely with Front Office, Markets Operations, Technology and external clearing participants.
• Support systems integration, data mapping, testing and UAT activities.
• Identify operational inefficiencies and deliver practical improvements across the trade lifecycle.

Skills & Experience Required:

• Proven experience as a Business Analyst within Markets Operations at a leading investment bank.
• Strong knowledge of Triparty Collateral Management, including collateral allocation, settlement and associated operational processes.
• Experience across Securities Financing, Repo, Reverse Repo and/or Securities Borrowing & Lending (SBL).
• Good understanding of clearing and settlement processes, CCPs and post-trade operations.
• Demonstrable experience delivering regulatory change, systems implementations or operational transformation programmes.
• Strong hands-on BA capabilities, including requirements gathering, process mapping, gap analysis, TOM design and UAT.
• Ability to work autonomously and engage effectively with senior stakeholders across Operations, Front Office and Technology.
• Experience with FICC Sponsored Repo, Sponsored General Collateral (GC) or US Treasury clearing would be highly advantageous.