About the Role:

We are looking for an experienced Senior Business Analyst to join the IT function of a leading Financial Market Infrastructure organization. The role is part of a high-visibility IT Transformation Programme, focused on modernizing critical applications within Clearing, Settlement, and Risk ecosystems in Capital Markets.

The ideal candidate possesses in-depth domain knowledge, strong analytical skills, hands-on experience in functional testing, and the ability to collaborate effectively with cross-functional technology and business teams.

Key Responsibilities:

1. Business Analysis

- Engage with business units to understand processes across Clearing, Settlement, and Risk.

- Gather requirements, conduct gap analysis, and translate needs into clear functional documentation.

- Prepare BRD, SRS, BRS, user stories, acceptance criteria, and workflow diagrams.

- Work closely with product owners, architects, and technical teams to shape solution design.

2. IT Transformation Program Support

- Contribute to the modernization strategy for post-trade systems.

- Collaborate with cross-functional teams (Business/IT/Vendor) to align with target enterprise architecture.

- Support phased evolution of legacy systems into modular, scalable components.

- Participate in prioritization and backlog management for transformation deliverables.

3. Functional Testing

- Prepare test strategy, test scenarios, test scripts, and test plans.

- Perform manual functional testingincluding writing and executing detailed test cases.

- Conduct integration, system, regression, and beta testing.

- Maintain defect logs, coordinate with developers for resolution, and publish test cycle reports.

4. Stakeholder Management

- Manage interactions with senior-level business stakeholders, technology teams, and external vendors.

- Facilitate walkthroughs, discussions, and reviews for BRDs, test plans, and change requests.

- Ensure alignment on requirements, timelines, risks, and expectations.

5. Project Coordination

- Track delivery timelines, dependencies, and milestones.

- Support Agile ceremonies such as grooming, sprint planning, and demos.

- Manage documentation, version control, and change management activities.

- Work across multiple teams concurrently to drive outcomes.

6. Team Enablement

- Support assessment and onboarding of team members.

- Provide functional clarity, resolve blockers, and ensure team goals are achieved.

- Promote collaboration, structured problem-solving, and disciplined execution.

Mandatory Skills & Competencies

- Strong experience in Capital Markets, especially Clearing, Settlement, and Risk.

- Understanding of margining, risk computations, and post-trade workflows.

- Exposure to platforms such as Calypso, Murex, Nasdaq, Broadridge, or similar.

- Ability to write and understand SQL and PL/SQL queries (basic to intermediate).

- Experience working closely with technology development teams.

- Familiarity with enterprise architecture concepts and API-driven integrations.

- Requirement gathering, analysis, and process mapping.

- Documentation of BRD, SRS, BRS, test cases, and test scenarios.

- Manual functional testing (no test lead experience needed).

- Understanding of Agile methodology and SDLC life cycle.

- Strong communication and presentation capability.

- Excellent stakeholder management.

- Ability to multi-task across concurrent projects.

- High ownership, structured thinking, and attention to detail.

Eligibility Criteria

- 9+ years of total experience.

- Graduation in IT, Computer Science, Commerce, Engineering, or related fields.

- Post-graduation (Masters/MBA/MCA) preferred.

- Strong domain exposure is mandatory.