Senior Business Systems Analyst (Modernization & Transformation)

The Depository Trust & Clearing Corporation (DTCC); Dallas (TX); Hybrid; USD 110,000 - 140,000; Full time

Benefits offered by this job

Competitive compensation

Health and life insurance

Pension / Retirement benefits

Paid Time Off and family care

Hybrid model: 3 onsite / 2 remote

Job summary

DTCC is seeking a Senior Business Systems Analyst to drive modernization of Clearance & Settlement platforms, bridging Business, Product, and Technology. You will analyze current-state systems, identify simplifications, and define future-state requirements guiding delivery teams.

Ideal candidates will have strong SQL skills, experience with Oracle or Db2, and proven ability to document functional specs, processes, and use cases in an Agile environment.

Qualifications

• Bachelor's degree or equivalent experience.
• 6-8+ years of experience as a Business Systems Analyst, Business Analyst, or similar role supporting complex technology initiatives.

Responsibilities

• Partner with Product Managers, Business Stakeholders, Technology teams, and delivery squads to gather, analyze, and document business and functional requirements.
• Conduct current-state analysis of Clearance & Settlement applications, workflows, data flows, and business processes.
• Identify simplification, automation, and modernization opportunities across complex legacy environments.
• Translate business needs into clear functional specifications, process flows, workflow diagrams, use cases, and supporting documentation.
• Collaborate with cross-functional teams to validate findings, challenge assumptions, and align on future-state solutions.
• Support Agile delivery by refining requirements, clarifying business logic, and ensuring development teams have the information needed for execution.
• Use SQL and data analysis techniques to investigate application behavior, validate requirements, and support decision‑making.
• Lead workflow design discussions and contribute to user experience improvements where applicable.
• Review effort estimates, timelines, risks, and dependencies with project teams and stakeholders.
• Identify process gaps, control opportunities, and areas where automation can improve efficiency and reduce risk.
• Mentor junior team members by providing guidance on requirements analysis, documentation standards, and project delivery best practices.
• Create and maintain system documentation in alignment with company standards, governance practices, and risk/control expectations.

Skills

SQL

Agile

Data analysis

Excel

Jira

Stakeholders

Education

Bachelor's degree

Tools

Oracle

Db2

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

As a Senior Business Systems Analyst, you will play a key role in DTCC’s modernization journey, helping transform critical Clearance & Settlement platforms that support the securities processing lifecycle. Working at the intersection of Business, Product, and Technology, you will analyze complex current-state systems, uncover opportunities for simplification, and help define future-state requirements that guide delivery teams through execution.

This role is ideal for a curious, analytical, and technology-minded professional who enjoys solving complex problems, navigating ambiguity, and connecting disparate pieces of information. With limited documentation and evolving legacy systems, you will help uncover how applications operate today, challenge existing processes, and influence the design of scalable, modern solutions that deliver long-term business value.

Your Primary Responsibilities

• Partner with Product Managers, Business Stakeholders, Technology teams, and delivery squads to gather, analyze, and document business and functional requirements.
• Conduct current-state analysis of Clearance & Settlement applications, workflows, data flows, and business processes.
• Identify simplification, automation, and modernization opportunities across complex legacy environments.
• Translate business needs into clear functional specifications, process flows, workflow diagrams, use cases, and supporting documentation.
• Collaborate with cross-functional teams to validate findings, challenge assumptions, and align on future-state solutions.
• Support Agile delivery by refining requirements, clarifying business logic, and ensuring development teams have the information needed for execution.
• Use SQL and data analysis techniques to investigate application behavior, validate requirements, and support decision‑making.
• Lead workflow design discussions and contribute to user experience improvements where applicable.
• Review effort estimates, timelines, risks, and dependencies with project teams and stakeholders.
• Identify process gaps, control opportunities, and areas where automation can improve efficiency and reduce risk.
• Mentor junior team members by providing guidance on requirements analysis, documentation standards, and project delivery best practices.
• Create and maintain system documentation in alignment with company standards, governance practices, and risk/control expectations.

Qualifications

• Bachelor's degree or equivalent experience.
• 6-8+ years of experience as a Business Systems Analyst, Business Analyst, or similar role supporting complex technology initiatives.

Talent Needed for Success

• Strong experience gathering, analyzing, and documenting business and functional requirements.
• Experience working in Agile environments using Scrum, Kanban, Jira, or similar tools and methodologies.
• Strong SQL skills, including joins, unions, data analysis, and query troubleshooting.
• Experience working with relational databases such as Oracle or Db2.
• Proficiency with Microsoft Excel, including Pivot Tables, VLOOKUP/XLOOKUP, formulas, and data manipulation.
• Ability to work with multiple stakeholders to analyze business needs, document requirements, and drive alignment across teams.
• Strong written and verbal communication skills with the ability to translate complex concepts for both business and technical audiences.

Preferred Qualifications

• Experience supporting modernization, transformation, or legacy platform migration initiatives.
• Familiarity with securities processing, clearance, settlement, or financial services operations.
• Familiarity with Mainframe or z/OS environments.
• Experience using AI-enabled productivity or code analysis tools such as Microsoft Copilot, Amazon Q, or Kiro.
• Experience working in environments with limited documentation and multiple subject matter experts.

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.