Business Analyst - Capital Market

Kumaran; Chennai District; On-site; INR 1,200,000 - 2,200,000; Full time

Job summary

Kumaran Systems in Chennai is seeking a Business Analyst with strong Capital Markets domain expertise to drive analysis, solution design, and delivery for front-, middle-, and back-office initiatives. You will partner with trading, risk, operations, compliance, and technology teams to modernize platforms, improve STP, reduce operational risk, and ensure regulatory compliance across multiple asset classes.

Great collaboration, clear communication, and a passion for detail will help you succeed in

Qualifications

• 5–7 years of Business Analysis experience in Capital Markets at financial institutions.
• Strong understanding of trade lifecycle, market structure, and multiple asset classes.
• Hands-on experience with OMS/EMS, post-trade (clearing/settlement), and market/data standards (FIX, SWIFT, ISO 20022).
• Experience delivering regulatory/reporting or risk-related initiatives.

Responsibilities

• Elicit, document, and prioritize requirements across trading, risk, and post-trade processes.
• Perform process mapping, data flow analysis, and gap assessment between current and target state.
• Translate business needs into functional specs, data mappings, and API contracts.

Skills

Requirements analysis

BPMN/UML

Data mapping

SQL

Excel

Regulatory knowledge

Agile/Scrum

Stakeholder management

Trading domain

Documentation

Tools

JIRA/Confluence

Visio/Lucidchart

Postman/Swagger

Tableau/Power BI

Job description

Kumaran Systems: Engineering Future-Ready Transformations Since 1992, Kumaran Systems has been helping enterprises bridge the past and the future, reimagining legacy systems and embracing AI-led possibilities. With over 34 years of delivery excellence, we specialise in re-engineering core applications, driving cloud transformation, and building automation-first, GenAI-enabled ecosystems across the Banking and Financial Services, Insurance, Telecom, and Automotive sectors. We help organisations not just upgrade their systems but reimagine what’s possible.

Why Kumaran?

We blend engineering discipline with AI innovation, helping clients modernise with confidence, automate with clarity, and scale with purpose. Our global delivery model ensures agility, responsiveness, and seamless collaboration, with clients always at the heart of every engagement. At Kumaran, we don’t just solve problems, we engineer future-ready transformations.

Job Description

About the Role

We are seeking a Business Analyst with strong Capital Markets domain expertise to drive analysis, solution design, and delivery for front-, middle-, and back-office initiatives. You will partner with trading, risk, operations, compliance, and technology teams to modernize platforms, improve STP, reduce operational risk, and ensure regulatory compliance across multiple asset classes.

Key Responsibilities

• Requirements & Analysis
  • Elicit, document, and prioritize business requirements, user stories, and acceptance criteria across trading, risk, and post-trade processes.
    
  • Perform process mapping (BPMN/UML), data flow analysis, and gap assessment of current vs. target state.
    
  • Translate business needs into clear functional specifications, data mappings, and interface/API contracts.
    
• Capital Markets Domain Delivery
  • Analyze trade lifecycle events: order capture, execution, allocation, confirmation/affirmation, clearing, settlement, reconciliations, and corporate actions.
    
  • Work across asset classes (Equities, Fixed Income, FX, Listed/OTC Derivatives) and related workflows (OMS/EMS, market connectivity, FIX, SWIFT, ISO 20022).
    
  • Support risk, pricing, and P&L processes; collaborate with quants/risk teams on data and model integration (e.g., VaR inputs, sensitivities).
    
  • Drive reference data, instrument setup, market data sourcing, and golden-source strategies.
    
• Regulatory & Controls
  • Interpret and embed regulatory requirements (e.g., MiFID II/MiFIR, EMIR, Dodd-Frank, Basel III, CFTC/SEC, SFTR, CAT) into business processes and systems.
    
  • Define controls, audit trails, and surveillance/reporting needs; support compliance and audit stakeholders.
    
• Delivery & Stakeholder Management
  • Facilitate workshops with traders, operations, compliance, technology, and vendors; manage cross-functional alignment.
    
  • Maintain product backlogs; support Agile ceremonies; ensure scope, dependencies, and risks are transparent.
    
  • Contribute to solution design, prototyping, and vendor evaluations/RFPs; coordinate with OMS/EMS/custody/clearing vendors.
    
• Testing & Change Management
  • Create test strategies, test cases, and UAT plans; manage defect triage and sign-offs.
    
  • Support production readiness, playbooks, SOPs, user training, and go-live hypercare.
    
• Data & Reporting
  • Define reporting requirements (regulatory, risk, client, operational); enable dashboards/BI; ensure data quality and lineage.
    

Qualifications

• 5–7 years (mid-level) of Business Analysis experience in Capital Markets at an investment bank, broker-dealer, asset manager, or market infrastructure.
  
• Strong understanding of trade lifecycle, market structure, and at least two asset classes.
  
• Hands-on experience with OMS/EMS, post-trade (clearing/settlement, DTCC/Euroclear/CCPs), and market/data standards (FIX, SWIFT, ISO 20022).
  
• Demonstrated experience delivering regulatory/reporting or risk-related initiatives.
  

Skills and Competencies

• Business Analysis: requirements elicitation, process modeling (BPMN/UML), data modeling, use cases, user stories, acceptance criteria.
  
• Domain: order management, execution, allocations, confirmations/affirmations, clearing/settlement, reconciliations, corporate actions, reference data, and KYC/AML basics.
  
• Regulatory: MiFID II/MiFIR, EMIR, Dodd-Frank, Basel III, SFTR, CAT (exposure to regional equivalents a plus).
  
• Technical: SQL for analysis, Excel (advanced), data mapping, JSON/XML, API concepts; familiarity with FIX/SWIFT messages and ISO 20022 schemas.
  
• Tools: JIRA/Confluence, Visio/Lucidchart, Postman/Swagger; Tableau/Power BI; Git basics; Python/R for analysis a plus.
  
• Delivery: Agile/Scrum, stakeholder management, vendor coordination, documentation excellence, strong communication and presentation skills.
  

Kumaran Systems is an Equal Opportunity Employer and does not discriminate on the basis of race or ethnicity, religion, sex, national origin, age, veteran disability or genetic information or any other reason prohibited by law in employment.