Business Systems Analysis Senior Principal

The Depository Trust & Clearing Corporation (DTCC); Jersey City (NJ); Hybrid; USD 120,000 - 180,000; Full time

Benefits offered by this job

Base pay and annual incentive

Health & life insurance

Pension / Retirement

Paid Time Off and family care

Hybrid work model

Job summary

DTCC in Jersey City, NJ is seeking a Senior Business Systems Analyst to partner with Technology and Business teams, aligning risk management goals with technology solutions. You will lead requirements gathering, documentation, and project coordination across agile squads to drive strategic initiatives.

The role emphasizes deep market risk methodology, data analysis, and cross-functional collaboration, including system validation, controls review, and risk-based decision making.

Qualifications

• 10+ years of related experience in market risk or capital markets.
• FRM or CFA is a big plus.
• Bachelor's degree preferred or equivalent experience.

Responsibilities

• Validate functional specifications by analyzing business requirements.
• Collaborate with project teams, product management, and stakeholders.
• Validate estimates of resource needs and schedule with related stakeholders.
• Provide guidance to members of various teams by elaborating necessary details.
• Review system documentation to ensure compliance with best practices and standards.
• Review recommended controls to mitigate risks.
• Partner with managers to understand technology direction and design patterns.

Skills

Market risk knowledge

SQL

Python

R

Excel

Stakeholder communication

Team leadership

Education

Bachelor's degree or equivalent

Tools

SQL

Python

Excel

Job description

Are you ready to make an impact at DTCC?

Do you want to work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development? At DTCC, we are at the forefront of innovation in the financial markets. We are committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact. We foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.

The Information Technology group delivers secure, reliable technology solutions that enable DTCC to be the trusted infrastructure of the global capital markets. The team delivers high-quality information through activities that include development of essential, building infrastructure capabilities to meet client needs and implementing data standards and governance.

Pay And Benefits

• Competitive compensation, including base pay and annual incentive
• Comprehensive health and life insurance and well-being benefits, based on location
• Pension / Retirement benefits
• Paid Time Off and Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
• DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).

The Impact You Will Have In This Role

The Strategic Management & Governance family is responsible for serving as a dedicated technology resource for advancing the firm's business opportunities and providing industry thought leadership for leveraging new technologies. Manages significant programs and projects including strategic change management, new business and product initiatives, process re-engineering, and all general business management initiatives. The Business Systems Analysis role specializes in acting as the primary interface between Technology and specific business / product areas, identifying, documenting and analyzing business requirements, creating detailed project and process specifications, coordinating with project teams.

Your Primary Responsibilities

• Validate functional specifications by analyzing business requirements, constructing workflow charts and diagrams
• Collaborate with project teams, product management, and stakeholders on all aspects of projects
• Validate estimates of resource needs and schedule of work with related stakeholders
• Provide guidance to members of various teams by elaborating the necessary details required through all phases of projects
• Review input provided to developers and Test Engineers ensuring System Integration and User Acceptance Test scripts properly reflect business and functional requirements
• Review system documentation to ensure compliance with company-specific best practices and standards
• Review recommended controls to ensure remediation of perceived risks
• Validate justification and ROI related to solutions designed to automate manual processes
• Partner with team managers to understand and support the organization direction, in terms of technology adoption, design patterns, and strategic direction
• Coordinate with team managers to influence the technical development of team personnel
• Provide technical leadership and guidance to teams through all phases of projects and advise IT senior leaders regarding strategic direction.
• Mitigates risk by following established procedures, spotting key errors and demonstrating strong ethical behavior.

Qualifications

• Minimum of 10 years of related experience
• Bachelor's degree preferred or equivalent experience
• FRM or CFA is a big plus

Talents Needed For Success

• 7+ years of hands-on business systems analysis experience in market risk, risk methodology implementation, or related clearing, exchange, banking, or capital markets environments.
• Strong market risk methodology fluency across VaR, stress and scenario design, sensitivities, backtesting, coverage analysis, and the practical interpretation of methodology intent for implementation.
• Deep understanding of CCP margin concepts, strongly preferred including initial margin, mark-to-market margin, clearing fund constructs, concentration and gap add-ons, anti-procyclicality measures, and coverage targets.
• Exceptional specification discipline with the ability to produce calculation specifications that include worked examples, edge cases, acceptance criteria, and documentation that can withstand audit and validation scrutiny.
• Proven numerical validation and reconciliation capability including comparison of production outputs to quant prototypes, definition of defensible tolerances, and disciplined root-cause analysis of variances.
• Strong data and analytical proficiency with advanced SQL skills and practical Python, R, or Excel capability to query data, test assumptions, run prototypes, and perform independent analysis.
• Solid risk data knowledge across positions, prices, curves, reference data, corporate actions, time-series alignment, and point-in-time/as-of semantics required to reproduce risk results accurately.
• Effective delivery partnership with experience writing user stories and acceptance criteria, working within agile squads, and partnering closely with engineering, QA, business users, quants, and model validation stakeholders.
• Regulatory and model risk awareness including familiarity with model validation expectations, model risk management practices, and CCP regulatory frameworks such as SEC Rule 17Ad-22 and CPMI-IOSCO principles.
• Credibility across business, quant, and technology stakeholders with the judgment to clarify methodology intent, translate it into implementable requirements, and drive alignment without losing confidence from any side.

The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, and other considerations.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.