Business Analyst - Fixed Income

Luxoft; India; On-site; INR 1,800,000 - 2,600,000; Full time

Job summary

Luxoft is seeking a Fixed Income Integration Business Analyst to join our team for Bond and Repo product setup, trade lifecycle management, and settlement on the client’s platform. You will configure static data sources, integrate Bloomberg flows, and define data licenses for downstream systems.

The role requires strong experience in capital markets, fixed income products, and experience with integration design, data mapping, and trade capture.

Qualifications

• 5+ years in Capital Markets with Fixed Income focus.
• Understanding of Bond products and Repo processing.
• Experience with Bond static data setups from Bloomberg/Refinitiv.
• Knowledge of security settlement models and CSD interactions.
• Strong analytical and stakeholder facilitation skills.
• Experience working in Agile environments.

Responsibilities

• Serve as the Business Analyst for Fixed Income Integration workstreams, covering Bond and Repo setup, trade lifecycle, and settlement on the client's platform.
• Configure and validate Bond static data from external agencies like Bloomberg and Refinitiv.
• Integrate Bloomberg TOMS and VCON trade flows, define mapping and FIX/API specs.
• Define requirements for Bloomberg Data License feeds and downstream usage.
• Support end-to-end Bond and Repo lifecycle from capture to settlement.
• Define SWIFT settlement messaging requirements and related workflows.
• Perform gap analysis between current-state and target-state processes.
• Facilitate workshops with Front office, Operations, and Technology teams.
• Support UAT and end-to-end testing of trade flows and settlement messages.

Skills

Capital Markets

Fixed Income

Bond & Repo

Trade Lifecycle

SWIFT Messaging

Bloomberg TOMS

Bloomberg VCON

FIX Protocol

API Connectivity

Data Mapping

Agile

Tools

Nasdaq Calypso

Murex

SQL

Job description

An opportunity is available for a Fixed Income Integration Business Analyst to join our client, a leading Australian financial institute, as a key contributor to the implementation and configuration of Bond and Repo products. This role involves integrating trade flow from upstream interfaces, security static data setup, and managing end-to-end fixed income settlements. The successful candidate will work at the intersection of business and technology, ensuring seamless trade lifecycle management from execution through to settlement.

Responsibilities:

• Serve as the Business Analyst for Fixed Income Integration workstreams, covering Bond and Repo product setup, trade lifecycle, and settlement on the client's clearing/risk platform.
• Configure and validate Bond static data setup sourced from external agencies like Blomberg, Refinitiv
• Manage integration of Bloomberg TOMS and VCON trade flows into the trading platform defining trade capture requirements, message mapping, FIX/API specifications, and exception handling.
• Define and document requirements for Bloomberg Data License (DL) feeds — security reference data, pricing, corporate actions, yield curves — and their consumption by downstream risk and settlement systems.
• Support the full Bond and Repo trade lifecycle from trade capture, validation, enrichment, position management, through to netting and settlement instruction generation.
• Define and validate SWIFT settlement messaging requirements covering Secuirty, Cash settlements
• Perform gap analysis between current-state and target-state for fixed income trade processing, static data management, and settlement workflows.
• Facilitate workshops with Front office, Operations, and Technology teams to elicit requirements and validate integration designs.
• Support UAT and end-to-end testing of trade flows, static data loads, and settlement message generation.

Mandatory Skills Description:

• 5+ years of experience in Capital Markets with a strong focus on Fixed Income (Bonds and Repos).
• Understanding of various bond products like Fixed / Floating Rate, T-Bills, Zero Coupon and Asset Backed.
• Understanding of Repo-specific processing open vs term repos, repo rate conventions, haircuts, close leg generation, substitution.
• Excellent knowledge of the Bond and Repo trade lifecycle pricing, trade capture, confirmation and settlement.
• Hands-on experience with Bond static/security master setup from interfaces like Blomberg / Refinitiv, reference data sourcing.
• Good understanding of security settlement models, netting, and CSD/custodian interactions
• Strong understanding of SWIFT MT 540–548 settlement messages, message structure, matching rules, and settlement status workflows.
• Experience with integration design defining interface specifications, data mapping, FIX protocol, API connectivity, and file-based feeds between front-office and post-trade systems.
• Familiarity with Bloomberg TOMS and/or Bloomberg VCON for trade order management and trade capture in fixed income.
• Demonstrated experience in business analysis requirements elicitation, User story preparation, data flow documentation, and stakeholder facilitation.
• Strong analytical and problem-solving skills with attention to data quality and reconciliation.
• Strong communication and interpersonal capabilities for effective collaboration across trading desks, operations, technology, and external custodians.
• Experience working within Agile project environments.

Nice-to-Have Skills Description:

• Experience with Nasdaq Calypso, Eqlipse (clearing, risk, or CSD modules), Murex or other trading platforms
• Knowledge of SWIFT ISO 20022 (MX) messaging structure, experience in MT to MX migration.
• Experience with CCP risk engine concepts like margining (IM/VM), VaR, position keeping for fixed income instruments.
• Basic technical knowledge in SQL, XML, JSON for data analysis, message validation, and issue investigation.
• CFA / FRM or other BA certifications are desirable
• Customer Centric - understanding the needs of our internal and external customers and ensuring that solutions developed meet / exceed these needs.