Please note we are looking to speak to individuals already based in the Riyadh as a first priority - please clearly state your location on your CV.
Capco, a Wipro company, is a global technology and management consultancy specializing in driving digital transformation in the financial services industry. With a growing client portfolio comprising of over 100 global organizations, Capco operates at the intersection of business and technology by combining innovative thinking with unrivalled industry knowledge to deliver end-to-end data-driven solutions and fast-track digital initiatives for banking and payments, capital markets, wealth and asset management, insurance, and the energy sector. Capco’s cutting-edge ingenuity is brought to life through its Innovation Labs and award-winning Be Yourself At Work culture and diverse talent.
Capital Markets - Business Analyst
Location: Riyadh | Type: Permanent
The Role
We are seeking a Capital Markets Business Analyst to support the delivery of a major brokerage platform transformation. The role will be responsible for analysing business needs, defining functional requirements and supporting delivery throughout the implementation lifecycle. The Business Analyst will work with business, operations, risk, compliance, technology and third-party teams to document current and target processes, maintain requirements traceability and support testing, migration, implementation and business readiness.
What You’ll Do
- Analyse current processes and document target-state brokerage workflows.
- Capture and document business, functional, data, reporting, integration and operational requirements.
- Produce business requirements, functional specifications, user stories, process maps, use cases and acceptance criteria.
- Maintain traceability between requirements, solution designs, configurations, interfaces and test cases.
- Support platform walkthroughs and document capability coverage, gaps, constraints and dependencies.
- Work with SMEs and solution teams to define requirements for order capture, routing, execution, risk checks, positions, settlement and reconciliation.
- Document integration requirements for internal applications, market infrastructure providers and external service providers.
- Define business rules, data validations, exception scenarios, approval processes and audit requirements.
- Track requirements changes, decisions, assumptions, dependencies, risks and outstanding actions.
- Develop process documentation, user guides and training materials.
- Support knowledge-transfer, operational-handover and post-implementation activities.
What We’re Looking For
- Experience as a Business Analyst within capital markets, securities brokerage, investment services or trading technology.
- Saudi Arabia local market experiences a must
- Good understanding of the trade lifecycle, from order capture and execution through clearing, settlement, reconciliation and reporting.
- Experience working on trading, brokerage, order-management, execution-management or post-trade platform implementations.
- Experience producing business requirements, functional specifications, user stories, process maps and traceability matrices.
- Experience supporting system integration testing, user acceptance testing, defect management and business sign-off.
- Ability to analyse complex processes and translate them into clear, testable requirements.
- Experience working within Agile, hybrid or structured delivery methodologies.
Why Join Capco
- Deliver high-impact technology solutions for Tier 1 financial institutions
- Work in a collaborative, flat, and entrepreneurial consulting culture
- Access continuous learning, training, and industry certifications
- Be part of a team shaping the future of digital financial services
- Help shape the future of digital transformation across FS & Energy.
Why This Role Is Open
We are currently hiring for this role due to an existing or newly created vacancy within our organisation. This position is open as part of our ongoing business needs, and we are actively reviewing applications to fill this role with a qualified candidate who can make an immediate impact.
Inclusion at Capco
We’re committed to making our recruitment process accessible and straightforward for everyone. If you need any adjustments at any stage, just let us know – we’ll be happy to help. We value each person’s unique perspective and contribution. At Capco, we believe that being yourself is your greatest strength. Our #BeYourselfAtWork culture encourages individuality and collaboration – a mindset that shapes how we work with clients and each other every day.
Skills Required
- Experience as a Business Analyst within capital markets, securities brokerage, investment services or trading technology.
- Saudi Arabia local market experience (Riyadh)
- Good understanding of the trade lifecycle from order capture through clearing, settlement, reconciliation and reporting.
- Experience working on trading, brokerage, order-management, execution-management or post-trade platform implementations.
- Experience producing business requirements, functional specifications, user stories, process maps and traceability matrices.
- Experience supporting system integration testing, user acceptance testing, defect management and business sign-off.
- Ability to analyse complex processes and translate them into clear, testable requirements.
- Experience working within Agile, hybrid or structured delivery methodologies.
What the Team is Saying
Capco Compensation & Benefits Highlights
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Wellbeing & Lifestyle Benefits — Wellbeing is emphasized as part of culture with flexible/hybrid work, mental-health resources, coaching, and a global Wellbeing@Capco group. Flexible arrangements and regional wellbeing programs are positioned to support work–life integration.
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Parental & Family Support — Enhanced maternity, adoption, and shared-parental leave are highlighted alongside paid leave for sickness, pregnancy loss, fertility treatment, menopause, and bereavement. Return-to-work supports and family-friendly flexibility are explicitly called out.
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Healthcare Strength — Core benefits include medical, dental, and vision coverage, with disability and life insurance noted in some markets. Health coverage is consistently presented as a solid part of the package.
Capco Insights
What We Do
Capco, a Wipro company, is a global management and technology consultancy specializing in driving transformation in the energy and financial services industries. Capco operates at the intersection of business and technology by combining innovative thinking with unrivalled industry knowledge to fast-track digital initiatives for banking and payments, capital markets, wealth and asset management, insurance, and the energy sector. Capco’s cutting edge ingenuity is brought to life through its award-winning Be Yourself At Work culture and diverse talent. TRUSTED ADVISORS - Our collaborative and entrepreneurial approach position us as trusted long-term partners to our clients. DEEP EXPERTISE - Clients look to us for clear guidance, proven expertise, and the support they need to set their companies up for success. DISRUPTIVE SOLUTIONS- We do not provide off -the-shelf answers to clients’ challenges. Instead, we work in close collaboration to understand the issues, and craft disruptive, bespoke solutions. ACCOUNTABILITY AND OWNERSHIP - We recognize every client has distinct needs and expectations, and we take ownership and accountability for the solutions we design, build, and deliver.
Why Work With Us
We support and encourage an inclusive culture, entrepreneurial outlook and independent thinking. Capco is not about organizational charts and rigid hierarchies – we want all employees to feel that Capco is their firm to own and run. We believe diversity powers innovation. Be Yourself At Work (#BYAW) is an integral and underlying part of our culture
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Capco Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
