Job Description

Overview

A global bank is seeking a Regulatory Business Analyst with Transactional Regulatory Reporting (including TRACE, 15a6) experience. The Global Markets & Risks IT team is responsible for post trade & regulatory applications for Equity Derivatives, Securities Lending, Global Macro (Rates, FX, Commodities), Credit Front Office and Support Functions teams. The team is involved in the different phases of application development: user needs collection, analysis, design, implementation, delivery, support, and maintenance, within an agile framework.

Job Title: Regulatory Business Analyst- TRACE (Transactional Regulatory Reporting). Job Location: New York, New York (3 days onsite). Job Type: Contract W-2. Must have: Transactional Regulatory Reporting (including TRACE, 15a6).

Responsibilities

• The candidate will primarily be involved in Business Analysis to help implement new features in the supported applications, and in functional support for end-users in Operations. He/She/They will work closely with Operations, Compliance and global IT Teams and will have a good knowledge of financial products.
• Gather requirements from traders, write business requirements, create mockup screens or proofs of concept, liaise with IT developers (both locally and in Head Office), define and execute test scripts, and coordinate with end-users for User Acceptance Testing (UAT).
• Provide functional support and will assist with planning and status reporting.

Skills / Qualifications

• Collaborate closely with user representatives (traders, operations personnel, compliance...) to gather and document business requirements.
• Conduct and document impact and gap analyses.
• Evaluate IT solutions to determine the best fit for business needs.
• Develop detailed functional specifications for IT development teams.
• Define and execute test scripts.
• Coordinate User Acceptance Testing (UAT).
• Engage in project scoping and planning, progress reporting, and the identification and management of issues and risks, ensuring effective communication throughout.
• Functional Support / Maintenance: Provide day-to-day support for Booking and Back Office applications, including collateral management, cash management, straight-through processing, settlement, clearing, reporting, and accounting.
• Provide day-to-day support for Transactional Regulatory Reporting applications, including TRACE reporting.

Education and Experience

• Bachelor Degree in Computer Science / Finance.
• Experience in IT business analysis in the Finance industry for Operations and Regulatory topics.
• Functional knowledge of Equity and fixed income activities from a collateral and cash management or transactional regulatory reporting perspectives
• Knowledge of financial products (Structured Products, Equity Options, Securities Lending, TRS, Repo, Interest Rate Derivatives and term structures, Credit bonds, CLO) and their trade workflows.
• Familiarity with TRACE Reporting
• Knowledge of SQL is a plus
• Strong communication skills to effectively support the needs of Operations, Front Office and Compliance teams
• Familiarity with Collateral and Cash Management systems (Calypso or equivalent), Broker Dealer systems (e.g., Phase 3/Shadow Suite), and trading systems such as Sophis (or equivalent), Smart Loan, Loanet a p

Seniority level

• Mid-Senior level

Employment type

• Contract

Job function

• Analyst, Finance, and Information Technology

Industries

• Banking, Investment Banking, and Financial Services

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