Senior Business Analyst - Capital Markets

SMBC Group; Charlotte (NC); Hybrid; USD 90,000 - 130,000; Full time

Job summary

SMBC Group is looking for a Senior Business Analyst to support a middle and back office transformation in Charlotte, NC. This role requires 10+ years of experience within Capital Markets, a strong knowledge of financial products, and the ability to translate business needs into actionable requirements.

The successful candidate will thrive in complex environments, working closely with Product Managers and operational experts to analyze and document requirements, support migration activities, and ensure solutions meet regulatory needs. A hybrid work model is offered to employees.

Qualifications

• 10+ years of Business Analyst experience within Capital Markets, preferably institutional.
• Knowledge of financial products including equities, fixed income, derivatives, FX.
• Strong understanding of middle and back office operations through the trade lifecycle.

Responsibilities

• Partner with Product Managers to define business requirements and target operating models.
• Analyze and document functional and non-functional requirements.
• Support end-to-end migration activities and current state analysis.
• Translate complex business processes into user stories with clear acceptance criteria.

Skills

10+ years of Business Analyst experience within Capital Markets

Knowledge of financial products including equities, fixed income, derivatives, FX

Strong understanding of middle and back office operations

Experience with large-scale system implementations

Strong requirements gathering skills

Excellent stakeholder management communication skills

Comfortable with JIRA

Job description

Senior Business Analyst - Capital Markets

Job Level: Director

Location: Charlotte, NC, US, 28202

Employment Type: Full Time

Requisition ID: 7654

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.

In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

Role Description

We are seeking a highly motivated and delivery oriented Business Analyst to support a large-scale middle and back office transformation and migration. This will cover a variety of asset classes (FX, rates, fixed income, financing, derivatives, options, etc.) and will strategically sit at the intersection of the business, operation, and technology. The role is ideal for someone who thrives in complex environments and can translate business and operational needs into actionable requirements. They should be passionate about improving operational workflows and platform capabilities, detail oriented, and have strong organizational and multitasking abilities in fast-paced environments.

The BA will partner closely with Product Owners, operational SMEs, technology, and QA. Familiarity with external vendors and how their platforms work and could synergize with this initiative is a huge plus.

Role Objectives

• Partner with Product Managers, business stakeholders and operational SMEs to define platform capabilities, business requirements, and target operating models for middle and back office functions.
• Analyze, and document functional and non-functional requirements for large-scale system migration initiatives.
• Support end-to-end migration activities including current state analysis, gap assessments, process mapping, data mapping, reconciliation planning, and business readiness.
• Work closely with Operations, Risk, Compliance, and Technology teams to understand workflows and operational dependencies.
• Translate complex business processes into user stories with clear acceptance criteria and functional specifications.
• Facilitate refinement sessions across the various levels of stakeholders, both on the business and tech side.
• Support product roadmap execution by helping prioritize enhancements, operational efficiencies, and migration deliverables.
• Coordinate testing activities in an iterative fashion through the SDLC.
• Assist with data validation, reconciliation, and migration cutover planning.
• Identify risks, dependencies, and process impacts associated with platform transformation initiatives.
• Contribute to change management, training, and operational readiness activities.
• Ensure solutions align with regulatory, audit, and operational control requirements.

Qualifications and Skills

• 10+ years of Business Analyst experience within Capital Markets, preferably with experience in the institutional space.
• Knowledge of financial products including equities, fixed income, derivatives, FX, or securities financing.
• Strong understanding of middle and back office operations through the entire trade lifecycle (settlements, reconciliations, accounting, confirmations, margin management, reporting, etc.).
• Experience supporting large-scale system implementations, platform migrations, or transformation programs.
• Proven ability to work in Agile, hybrid, or enterprise delivery environments.
• Strong requirements gathering, process mapping, and documentation skills.
• Experience writing user stories, acceptance criteria, and functional specifications.
• Excellent stakeholder management and communication skills across both business and technology teams.
• Strong analytical and problem-solving capabilities.
• Comfortable with JIRA and operating in an Agile/Scrum/Sprint framework.

Preferred Qualifications

• Experience supporting vendor platform implementations or strategic modernization programs.
• Experience with post-trade vendor platforms such as Broadridge, Murex, Calypso, Aladdin, Charles River, or similar ecosystems.
• Familiarity with operational risk, controls, and regulatory reporting requirements.
• Experience working with cloud-based or distributed architecture transformation initiatives.
• Product mindset with strong focus on user outcomes and operational efficiency.

Additional Requirements

SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at [e-mail].