Operations & Regulatory IT Business Analyst (Calypso, Trace)

TieTalent; New York (NY); On-site; USD 115,000 - 145,000; Full time

Job summary

A leading company is seeking an Operations & Regulatory IT Business Analyst to join their Global Markets & Risks IT team in New York. The role involves driving innovation for post-trade and regulatory applications, requiring strong analytical skills and a Bachelor’s degree in a relevant field. Responsibilities include business analysis, project management, and functional support for various financial systems. Candidates should have experience in IT business analysis with a focus on finance and a solid understanding of collateral management and regulatory reporting.

Qualifications

• Experience in IT business analysis within finance, focusing on Operations and Regulatory topics.
• Strong knowledge of equity and fixed income activities related to collateral, cash management, and regulatory reporting.
• Familiarity with financial products like Structured Products, Equity Options.

Responsibilities

• Partner with user representatives to gather and document requirements.
• Conduct impact and gap analyses and recommend IT solutions.
• Support Booking and Back Office applications including collateral and cash management.

Skills

Analytical

Organized

Detail-oriented

Education

Bachelor's Degree in Computer Science, Finance, or related field

Tools

SQL

Job description

Operations & Regulatory IT Business Analyst (Calypso, Trace)

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Position Summary

Join our dynamic Global Markets & Risks IT team, where you'll play a pivotal role in driving innovation for post-trade and regulatory applications. We support crucial areas such as Equity Derivatives, Securities Lending, Global Macro (Rates, FX, Commodities), and Credit Front Office across various support functions. Our team thrives in an agile environment, engaging in all facets of application development—from user needs analysis to design, implementation, delivery, support, and maintenance.

About & Missions

We are looking for several enthusiastic IT Business Analysts to enhance our Operations in the following areas:

• Collateral Management and Cash Management in both external and internal applications (e.g., Calypso)
• Transactional Regulatory Reporting (including TRACE, 15a6)

In this role, you will analyze business needs to implement innovative features and provide functional support to end-users in Operations. You will work closely with Operations, Compliance, and global IT teams, leveraging your financial product knowledge to make a significant impact.

Key Responsibilities

Business Analysis / Project Management:

• Partner with user representatives (traders, operations, compliance) to gather and document requirements.
• Conduct impact and gap analyses.
• Assess and recommend IT solutions aligned with business needs.
• Create functional specifications for development teams.
• Define and execute test scripts.
• Coordinate User Acceptance Testing (UAT).
• Assist in project scoping, planning, and risk management.

Functional Support / Maintenance:

• Support Booking and Back Office applications, including collateral and cash management, STP, settlement, clearing, reporting, and accounting.
• Support Transactional Regulatory Reporting applications, including TRACE reporting.

Compensation

The salary range for the Associate position is $115,000 - $145,000. For the VP position, it is $145,000 - $180,000. Actual salary depends on experience, education, skills, certifications, and organizational needs. Benefits are included, and performance-based incentives may apply.

Required Skills & Qualifications

• Bachelor's Degree in Computer Science, Finance, or related field
• Experience in IT business analysis within finance, focusing on Operations and Regulatory topics
• Strong knowledge of equity and fixed income activities related to collateral, cash management, and regulatory reporting
• Familiarity with financial products (Structured Products, Equity Options, Securities Lending, TRS, Repo, Derivatives, Credit Bonds, CLO)
• Experience with Collateral and Cash Management systems (e.g., Calypso), Broker Dealer systems, trading systems like Sophis or Smart Loan
• Understanding of TRACE Reporting
• SQL knowledge is a plus
• Analytical, organized, detail-oriented
• Familiarity with Agile methodologies is a bonus

Additional Information

• Languages: English
• Location: New York, NY
• Seniority Level: Entry level
• Employment Type: Full-time
• Job Function: Information Technology
• Industries: Technology, Information and Internet