Job Title: WITT Operations - Senior Business Analyst (Derivatives and Structured Products)

Department: WITT Operations

About Business line/Function: COO Functions

SALARY RANGE: 25LPA to 30LPA

Position Purpose:

Within the Wealth Management IT Hub Ops Division, the Senior Business Analyst (SBA) will lead the business analysis activities related to their area of expertise (TEMENOS T24/TRANSACT), covering the scope of International Wealth Management activity in Europe and in Asia. The Derivatives and Structured Products Business Analyst is responsible for gathering, analysing, documenting business requirements for derivatives and structured products across:

- FX (Spot, Forward, Swap, Options)

- Rates (Interest-rate Swaps, Commodity Swaps, Fixed Rate Agreements (FRAs), Options)

- Credit Derivatives

- Equity Derivatives/Structured Notes

- Vanilla/Complex Options like Accumulators and Decumulators

designing and supporting the implementation of Derivatives and Structured Products functionality within the Temenos Transact (T24) core banking system.

Responsibilities

Direct Responsibilities

The main missions of the SBA will be to:

- Acts as a key conduit between Front Office, Operations, Finance, Compliance and Tax, focusing on STP, process efficiency and recommendation of industry practices.

- Experienced in driving PLWs and able to advise new processes for new Transact applications, preferably with implementation experience.

- Gathers and documents Transact-focused requirements and translate operational/business needs into functional specifications. Experience in writing a BRD/FSD is a MUST.

- Analyses gaps in functionality and processes across European and Asian sites and proposing solutions to converge and align them into a common design, respecting WMIS standards and allowing for mutualization / reuse as much as possible between sites.

- Ensures all requirements are approached from a global perspective for all sites. Specific solution should only be considered to address regulatory, tax or accounting specific requirements.

- Supports front-to-back transaction processing for derivatives and structured products,

- Ensuring accurate trade capture/validation/enrichment

- Life-cycle processing (resets, fixings, exercises, barriers, coupons)

- Confirmations and matching

- Cashflows, payments and settlements (including investigation of settlement failures and booking issues) and

- Corporate actions impacting derivative trades

- Integration of Transact with external execution systems like Contineo, MarginMan and other FX execution systems.

- Regulatory Reporting (EMIR, MIFIDII, Transaction Reporting where applicable)

- Collaborate with our Vendor (Temenos) and/or Integrator for the implementation project, and enable our internal team to acquire knowledge and deep expertise on Temenos Transact product.

- Contribute with/without our Integrator to the definition of use cases for Integration tests with testing team and for User Acceptance Test with end users

- Working experience of SDLC and Agile Methodologies like SCRUM and KANBAN.

The SBA will be the privileged contact for user representatives during the analysis and project phases, and will be responsible for all standard business analysis tasks such as:

- Preliminary studies and analysis (including leading user workshops)

- Cost estimation and planning elaboration and follow-up

- Organize and run dedicated meetings or committees, as required

- Identify and report on project risks, attention points and issues to follow-up

- Requirements and general functional specifications (GFS): Coordination of workshops, minutes, writing GFS, Review and validation with Sponsors, Presentation and support to Dev Team, etc

- Coordinate with all teams, from same division or other divisions, working on the same project

- Plan the migration strategy and change management activities related to these new projects

- Coordinate, supervise and contribute to Users Acceptance Tests (UAT) related to new implementations and support user sign-offs.

- Ensure the good relationship with business sponsors and stakeholders on each location

- Support production deployment activities, data migration and user training.

Contributing Responsibilities

Scope of project(s):

- TEMENOS T24/TRANSACT Core Banking Platform, focused on assigned area of expertise

- Transversal topics involving other domains, with an impact on assigned area of expertise.

Responsibilities and skills required:

- Strong knowledge of derivatives and structured products including (but not limited to) FX, Rates (IRS, FRA, Commodity Swaps), Options, Structured Products (with complex payoff products - advantageous)

- In-depth experience with Temenos Transact (T24) - especially modules such as SECURITY.MASTER, DX and SY Modules, CONTRACT.MASTER, POSITION, ACCOUNTING.

- Solid understanding of Trade Lifecycles and cashflow structures, settlement and confirmation processes and operational risk and controls.

- Familiarity with SWIFT Corporate Actions Messages (MT564/565/566/568) and Settlement Messages

- Knowledge of market data interfaces (Bloomberg, Six Telekurs), execution systems (eg. Contineo, MarginMan, etc) will be advantageous

- Working Experience of DX/SY Modules in Transact Shared Services will be advantageous.

- Experience producing BRDs/FRDs/Functional Specifications - through interviews, document analysis, requirement workshops with business users, business process descriptions, use cases, scenarios and workflow analysis.

- Strong analytical and problem-solving skills to challenge business/technical requirements to build good and scalable solutions.

- Product management skills required, including a thorough understanding of how to interpret customer business needs and translate them into application and operational requirements.

- Hands-on UAT and production support experience

- Understanding of STP flows and system integrations (CFT, MQ, KAFKA flows) will be advantageous

- Excellent verbal and written communication skills and the ability to interact professionally with a diverse group, managers, subject matter experts and technical teams.

- Develop requirements specifications according to standard templates & methodology

- Collaborate with the team's experts to establish the technical vision and analyze tradeoffs between usability and performance needs.

- Be the liaison between the business units, technology teams and support teams.

- Self-driven, highly motivated, hardworking, and agile enough to work both independently and as a team player.

- Should have high standards for services delivered to business and should have an eye for details.

- Ability to work under pressure and manage multiple, concurrent priorities with business and other IT stakeholders.

Technical & Behavioral Competencies

Technical skills :

- At least 12 years of experience in Banking Industry, as a Business Analyst and/or as a "hands-on" Project Manager

- Expert knowledge and experience on TEMENOS T24/TRANSACT Core Banking platform for Wealth Management, understand the various flows and functions, familiar with system parameterization and configuration, specifically in the area of Temenos Transact DX & SY Modules - Mandatory

- Proficiency in User Acceptance Testing (UAT), Functional & System Integration testing of banking and financial applications.

- Fluent in investigation and testing techniques (Data Analysis, SQL, API, etc)

Soft skills:

- Excellent communication skills in English, both oral and written.

- Strong proficiency with Powerpoint, Excel, Word, Visio

Nice to have:

- Working experience of SDLC and Agile Methodologies like SCRUM and KANBAN is a plus.

- Familiar with project management tools as well as issue and release management, production and support (JIRA, Confluence, Sharepoint, etc)

Skills Referential (Required knowledge, skills and abilities)

Transversal Skills:

- Ability to understand, explain and support change

- Ability to develop and adapt a process

- Ability to develop others & improve their skills

- Ability to anticipate business / strategic evolution

- Ability to manage a project

Behavioral Skills:

- Ability to collaborate / Teamwork

- Communication skills - oral & written

- Attention to detail / rigor

- Adaptability

Location: At least 12 years