Business Analyst Margin, Risk & Cross Asset

Tata Consultancy Services Limited; Jersey City (NJ); On-site; USD 100,000 - 125,000; Full time

Job summary

Tata Consultancy Services in Jersey City, NJ seeks a Business Analyst to gather and document requirements for Margin, Collateral and Risk platforms. You will handle IM/VM processes, SIMM calculations, and cross-asset risk data across Front Office and Risk teams.

Responsibilities include defining specifications, performing gap analyses, and supporting UAT with trade, risk and margin data. Strong SQL skills and collaboration with traders and QA are essential.

Qualifications

• Strong Capital Markets domain knowledge across derivatives and cross-asset products.
• Strong understanding of Margin and Collateral Management processes.
• Knowledge of Initial Margin (IM) and Variation Margin (VM).
• Hands-on functional knowledge of SIM / ISDA SIMM calculations.
• Understanding of sensitivities, risk factors, risk weights, aggregation and margin calculation workflows.
• Strong knowledge of Counterparty Risk, Counterparty Exposure, Market Risk and Credit Risk.
• Experience across Cross Asset products including Rates, FX, Credit, Equities and Fixed Income.
• Understanding of OTC Derivatives trade lifecycle from trade capture to valuation, risk, margin and collateral.
• Experience working with trade, position, sensitivity, exposure, risk and margin data.
• Ability to analyze and document complex business and functional requirements.
• Experience with BRD/FRD, user stories, process flows, data mapping, gap analysis and acceptance criteria.
• Strong experience in UAT, functional testing, defect analysis and business validation.
• Ability to perform data reconciliation and root-cause analysis for margin and risk calculation discrepancies.
• Working knowledge of SQL for data analysis, validation and reconciliation.
• Experience working with Front Office, Risk, Quant, Margin/Collateral and Technology teams.

Responsibilities

• Gather, analyze and document business requirements related to Margin, Collateral and Risk platforms.
• Strong understanding of IM, VM, margin calls, collateral allocation and margin lifecycle.
• Good functional knowledge of SIM/SIMM calculations, including sensitivities, risk factors, aggregation and margin calculation workflows.
• Understand counterparty exposure, market risk, credit risk and margin risk concepts.
• Support Cross Asset requirements covering Fixed Income, Rates, FX, Credit, Equities and Derivatives.
• Analyze trade and position data across upstream trading, risk, margin and downstream reporting systems.
• Define business requirements, functional specifications, process flows, data mappings and acceptance criteria.
• Perform impact and gap analysis for enhancements, regulatory changes and platform modernization.
• Partner with Product Owners, Traders, Risk Managers, Quant teams, Developers and QA throughout the delivery lifecycle.
• Support UAT, test scenario definition, defect triage and business sign-off.
• Investigate calculation/data discrepancies and perform root-cause analysis across trade, sensitivity, risk and margin data.

Skills

Capital Markets

Margin & Collateral

IM/VM

SIM/SIMM

Sensitivities & Risk

Counterparty Risk

Cross Asset

OTC Derivatives

Data Reconciliation

SQL Analysis

Education

Bachelor's degree in Computer Science

Job description

Must Have Technical/Functional Skills

• Strong Capital Markets domain knowledge, particularly across derivatives and cross-asset products
• Strong understanding of Margin and Collateral Management processes
• Good knowledge of Initial Margin (IM) and Variation Margin (VM)
• Hands-on functional understanding of SIM / ISDA SIMM calculations
• Understanding of sensitivities, risk factors, risk weights, aggregation and margin calculation workflows
• Strong knowledge of Counterparty Risk, Counterparty Exposure, Market Risk and Credit Risk
• Experience across Cross Asset products, including Rates, FX, Credit, Equities and Fixed Income
• Understanding of OTC Derivatives trade lifecycle, from trade capture through valuation, risk, margin and collateral
• Experience working with trade, position, sensitivity, exposure, risk and margin data
• Ability to analyze and document complex business and functional requirements
• Experience with BRD/FRD, user stories, process flows, data mapping, gap analysis and acceptance criteria
• Strong experience in UAT, functional testing, defect analysis and business validation
• Ability to perform data reconciliation and root-cause analysis for margin and risk calculation discrepancies
• Working knowledge of SQL for data analysis, validation and reconciliation
• Experience working closely with Front Office, Risk, Quant, Margin/Collateral and Technology teams

Roles & Responsibilities

• Gather, analyze and document business requirements related to Margin, Collateral and Risk platforms.
• Strong understanding of Initial Margin (IM), Variation Margin (VM), margin calls, collateral allocation and margin lifecycle.
• Good functional knowledge of SIM/SIMM calculations, including sensitivities, risk factors, aggregation and margin calculation workflows.
• Understand counterparty exposure, market risk, credit risk and margin risk concepts.
• Support Cross Asset requirements covering Fixed Income, Rates, FX, Credit, Equities and Derivatives.
• Analyze trade and position data across upstream trading, risk, margin and downstream reporting systems.
• Define business requirements, functional specifications, process flows, data mappings and acceptance criteria.
• Perform impact and gap analysis for enhancements, regulatory changes and platform modernization.
• Partner with Product Owners, Traders, Risk Managers, Quant teams, Developers and QA throughout the delivery lifecycle.
• Support UAT, test scenario definition, defect triage and business sign-off.
• Investigate calculation/data discrepancies and perform root-cause analysis across trade, sensitivity, risk and margin data.
• Salary Range: $100,000 to $125,000 per year

Salary Range

$100,000 to $125,000 per year

Location

Jersey City, NJ

Function

TECHNOLOGY

Role

Business Analyst

ID

438438

Skills

Business Analysis

Salary Range

$100,000 - $125,000

Desired Candidate Profile

Qualifications

BACHELOR OF COMPUTER SCIENCE