We are seeking a Business Analyst with strong Capital Markets domain expertise to drive analysis, solution design, and delivery for front-, middle-, and back-office initiatives. You will partner with trading, risk, operations, compliance, and technology teams to modernize platforms, improve STP, reduce operational risk, and ensure regulatory compliance across multiple asset classes.
- Requirements & Analysis
- Elicit, document, and prioritize business requirements, user stories, and acceptance criteria across trading, risk, and post-trade processes.
- Perform process mapping (BPMN/UML), data flow analysis, and gap assessment of current vs. target state.
- Translate business needs into clear functional specifications, data mappings, and interface/API contracts.
- Elicit, document, and prioritize business requirements, user stories, and acceptance criteria across trading, risk, and post-trade processes.
- Capital Markets Domain Delivery
- Analyze trade lifecycle events: order capture, execution, allocation, confirmation/affirmation, clearing, settlement, reconciliations, and corporate actions.
- Work across asset classes (Equities, Fixed Income, FX, Listed/OTC Derivatives) and related workflows (OMS/EMS, market connectivity, FIX, SWIFT, ISO 20022).
- Support risk, pricing, and P&L processes; collaborate with quants/risk teams on data and model integration (e.g., VaR inputs, sensitivities).
- Drive reference data, instrument setup, market data sourcing, and golden-source strategies.
- Analyze trade lifecycle events: order capture, execution, allocation, confirmation/affirmation, clearing, settlement, reconciliations, and corporate actions.
- Regulatory & Controls
- Interpret and embed regulatory requirements (e.g., MiFID II/MiFIR, EMIR, Dodd-Frank, Basel III, CFTC/SEC, SFTR, CAT) into business processes and systems.
- Define controls, audit trails, and surveillance/reporting needs; support compliance and audit stakeholders.
- Interpret and embed regulatory requirements (e.g., MiFID II/MiFIR, EMIR, Dodd-Frank, Basel III, CFTC/SEC, SFTR, CAT) into business processes and systems.
- Delivery & Stakeholder Management
- Facilitate workshops with traders, operations, compliance, technology, and vendors; manage cross-functional alignment.
- Maintain product backlogs; support Agile ceremonies; ensure scope, dependencies, and risks are transparent.
- Contribute to solution design, prototyping, and vendor evaluations/RFPs; coordinate with OMS/EMS/custody/clearing vendors.
- Facilitate workshops with traders, operations, compliance, technology, and vendors; manage cross-functional alignment.
- Testing & Change Management
- Create test strategies, test cases, and UAT plans; manage defect triage and sign-offs.
- Support production readiness, playbooks, SOPs, user training, and go-live hypercare.
- Create test strategies, test cases, and UAT plans; manage defect triage and sign-offs.
- Data & Reporting
- Define reporting requirements (regulatory, risk, client, operational); enable dashboards/BI; ensure data quality and lineage.
- Define reporting requirements (regulatory, risk, client, operational); enable dashboards/BI; ensure data quality and lineage.
- 5–7 years (mid-level) of Business Analysis experience in Capital Markets at an investment bank, broker-dealer, asset manager, or market infrastructure.
- Strong understanding of trade lifecycle, market structure, and at least two asset classes.
- Hands-on experience with OMS/EMS, post-trade (clearing/settlement, DTCC/Euroclear/CCPs), and market/data standards (FIX, SWIFT, ISO 20022).
- Demonstrated experience delivering regulatory/reporting or risk-related initiatives.
- Business Analysis: requirements elicitation, process modeling (BPMN/UML), data modeling, use cases, user stories, acceptance criteria.
- Domain: order management, execution, allocations, confirmations/affirmations, clearing/settlement, reconciliations, corporate actions, reference data, and KYC/AML basics.
- Regulatory: MiFID II/MiFIR, EMIR, Dodd-Frank, Basel III, SFTR, CAT (exposure to regional equivalents a plus).
- Technical: SQL for analysis, Excel (advanced), data mapping, JSON/XML, API concepts; familiarity with FIX/SWIFT messages and ISO 20022 schemas.
- Tools: JIRA/Confluence, Visio/Lucidchart, Postman/Swagger; Tableau/Power BI; Git basics; Python/R for analysis a plus.
- Delivery: Agile/Scrum, stakeholder management, vendor coordination, documentation excellence, strong communication and presentation skills.
Skills Required
- 5-7 years of business analysis experience in capital markets
- Experience at an investment bank, broker-dealer, asset manager, or market infrastructure organization
- Strong understanding of the trade lifecycle and market structure
- Experience with at least two asset classes
- Hands-on experience with OMS/EMS
- Hands-on experience with post-trade processes, including clearing and settlement
- Experience with DTCC, Euroclear, or central counterparties
- Experience with FIX, SWIFT, and ISO 20022 standards
- Experience delivering regulatory, reporting, or risk-related initiatives
- Requirements elicitation, process modeling, data modeling, use cases, user stories, and acceptance criteria
- Knowledge of order management, execution, allocations, confirmations, clearing, settlement, reconciliations, corporate actions, and reference data
- Knowledge of KYC and AML fundamentals
- Knowledge of MiFID II/MiFIR, EMIR, Dodd-Frank, Basel III, SFTR, and CAT regulations
- SQL, advanced Excel, data mapping, JSON/XML, and API concepts
- Experience with Jira, Confluence, Visio or Lucidchart, Postman or Swagger, Tableau or Power BI
- Agile/Scrum delivery experience, stakeholder management, vendor coordination, documentation, communication, and presentation skills
- Exposure to regional regulatory equivalents
- Python or R for analysis
- Git basics
What We Do
Kumaran Systems is an IT Services Company with imprints in three countries. The past two decades has seen us provide our global clientele with high-end IT services that include migration support, system integration and infrastructure management solutions, providing one-stop-solution to all your IT demands. Our expertise and in-depth knowledge of businesses help us cater to a variety of industries. Our team strives to know your industry better, by observing current trends and the way it works, to tailor-make our solutions to your needs.With over 20 years of customer orientation, over 2000 engagements across Telecom, Education and Banking & Financial services spread across the globe, Kumaran stands as a key advisor to some of the largest Fortune 500 companies in their business driven technology enablement drive. Kumaran System's Customer Orientation is driven by a global delivery business model giving its customers to choose between an Onshore-Offshore mix. The delivery models enable multilevel touch points between the client, partner networks and Kumaran thereby enabling business driven customer sensitivity and agility. ENGAGE, EMERGE AND EXCEL Involving ourselves in a purposeful action, using our abilities to its maximum, helps us feel positive about ourselves. Such positivity gives raise to positive thinking and positive ideas. Ideas evolve into vision and set our aim! Our aspirations engage us with the incentive of sweet success! Every endeavor has its own pitfalls. Perseverance helps us emerge a successful entrepreneur after any deterrent. In our attempt to achieve our aim, we keep upgrading our knowledge and skill, to surface successful! A genius mind does not work to excel, but excels in work! We challenge ourselves with every next step! We change every deterrent to a stepping stone to success. We essentially, engage, emerge and excel
