Market Data - Business Analyst

Crisil; Chennai District; On-site; INR 800,000 - 1,200,000; Full time

Job summary

Crisil is looking for a detail-oriented Market Data Business Analyst to support market data initiatives across an investment banking client. This role involves collaborating with stakeholders to gather and document business requirements, with an emphasis on creating Business Requirement Documents (BRDs) and Functional Requirement Documents (FRDs).

The ideal candidate will have a Bachelor’s degree in Finance, Economics, or a related field, along with 4–8 years of experience in market data or financial services. Strong analytical and documentation skills are essential.

Qualifications

• Bachelor’s degree in a relevant field is required.
• 4–8 years of experience as a Business Analyst, especially in market data.
• Strong experience in creating BRDs and FRDs.

Responsibilities

• Gather and document business requirements related to market data.
• Develop high-quality Business and Functional Requirement Documents.
• Collaborate with stakeholders and act as a liaison between users and tech teams.
• Identify opportunities for process improvements in market data.

Skills

Market data types

Data analysis tools

Documentation skills

Analytical skills

Education

Bachelor’s degree in Finance, Economics, Business, Information Systems, or related field

Tools

Excel

SQL

JIRA

Confluence

Job description

We are seeking a detail-oriented and analytical Market Data Business Analyst to support market data initiatives across an investment banking client. The role focuses on gathering, analyzing, and documenting business requirements, with a strong emphasis on creating Business Requirement Documents (BRDs) and Functional Requirement Documents (FRDs) for market data systems and workflows.

Key Responsibilities

Business Analysis & Requirements Gathering

• Collaborate with stakeholders (Front Office, Risk, Compliance, IT, Vendors) to gather and document business requirements related to market data (pricing, reference data, indices, etc.)
• Conduct workshops, stakeholder interviews, and requirement elicitation sessions
• Analyze current systems and workflows to identify gaps, inefficiencies, and improvement areas

Documentation (Core Focus)

• Develop high-quality Business Requirement Documents (BRDs) capturing:
  • Business objectives
  • Scope and constraints
  • Stakeholder requirements
  • High-level workflows
• Translate BRDs into detailed Functional Requirement Documents (FRDs) including:
  • Functional specifications
  • Data mappings
  • System workflows
  • Use cases and user stories
• Maintain traceability between business requirements and functional specifications

Market Data Management

• Work with market data vendors (e.g., Bloomberg, Refinitiv, exchanges) to understand data structures and delivery mechanisms
• Support onboarding of new market data feeds and enhancements to existing feeds
• Assist in data validation, reconciliation, and quality assurance processes

Stakeholder Collaboration

• Act as a liaison between business users and technology teams
• Work closely with developers and QA teams to ensure accurate implementation of requirements
• Participate in UAT (User Acceptance Testing), including test case creation and defect tracking

Process Improvement

• Identify opportunities to improve market data procurement, usage, and governance processes
• Support automation and optimization initiatives in data workflows

Required Skills & Qualifications

Education

• Bachelor’s degree in Finance, Economics, Business, Information Systems, or related field

Technical & Functional Skills

• Understanding of market data types (pricing, reference data, corporate actions, indices)
• Familiarity with market data vendors (Bloomberg, Reuters, ICE, etc.)
• Experience with data analysis tools (Excel, SQL preferred)
• Knowledge of SDLC (Software Development Life Cycle) and Agile methodologies

Analytical & Soft Skills

• Strong analytical and problem-solving skills
• Excellent documentation and communication skills
• Ability to manage multiple stakeholders and priorities
• Attention to detail and data accuracy

Preferred Qualifications

• Experience in financial markets (equities, fixed income, derivatives)
• Exposure to data governance or data management frameworks
• Familiarity with tools like JIRA, Confluence, or similar documentation tools
• 4–8 years of experience as a Business Analyst, preferably in market data or financial services
• Strong experience in creating BRDs and FRDs