Business Analyst II

Phaxis LLC | New York | www.resume-library.com |
Pay Rate: $74.00-80.00

Duties:

Act as a Business Analyst (BA) responsible for specific deliverables within global/regional/line Business focused program intiatives. This role will report to Head BA in Technology and will be accountable for the core responsibilities identified below.
This role will partner with Project Managers across other Client and Regional entities (Client Union Bank, Client Bank, Client Securities EMEA). This role will require the leadership and coordination of various functional resources in the delivery of new process, procedures, and technology.

Core Responsibilities:

Oversee the creation and approval of core project documentation including business requirements, functional requirements, technical specifications, user acceptance testing.

Documentation of all required meeting materials.

Risk and issue identification, communication and resolution.

Working with functional leads and front-to-back stakeholders in the development of workstream strategy and delivery.

Objectives planning, defining scope and deliverables.

Project plan development including activity planning, sequencing and resource management.

Skills:

Delivery of large multi-functional projects.

Experience in the development of program documentation as noted above.

Ability to present well and communicate clearly.

Ability to multitask and work in a team environment.

Excel, Word, PowerPoint skills a requirement.

Experience with Broker-Dealer.

Job Summary:

The Business Analyst is responsible for supporting a broker-dealer firm's efforts to document and strengthen the support model for Middle Office processing for US Govt trading. This role requires a deep understanding of the functions, obligations and reporting requirements for market participants.
The BA will work closely with the broker-dealer's management team and liaise with relevant regulatory bodies to provide sustainable solutions for Middle Office processing and regulatory reporting. This Business Analyst role requires a unique blend of financial market expertise, regulatory knowledge and analytical capabilities to effectively support the broker-dealer's efforts.

Key Responsibilities:

Maintain in-depth knowledge of the regulatory requirements such as TRACE, FR2004 reporting.

Assess the broker-dealer's current capabilities, systems(Client Impact/Bloomberg) and processes to identify any gaps that need to be addressed to meet the necessary onboarding requirements.

Develop a comprehensive onboarding plan and timeline for the broker-dealer to onboard new market participants, including the necessary steps and milestones.

Collaborate with relevant regulatory bodies to understand the application process, reporting requirements, and ongoing obligations for the market participants.

Facilitate the information gathering and documentation submission required by the regulatory bodies for the broker-dealer's onboarding process.

Provide training and support to the broker-dealer's teams on the reporting requirements, communication protocols, and other program-related processes.

Continuously monitor the broker-dealer's performance and compliance during the onboarding process, and work with the management team to address any issues or concerns.

Identify areas for process improvement in the market participant onboarding and support, and work with stakeholders to implement system and procedural enhancements.

Serve as the subject matter expert on market participant onboarding, providing guidance and training to other team members as needed.

Skills:

5+ years of experience in a similar business analyst or market operations role, preferably within a broker-dealer or financial institution.

Thorough understanding of financial markets, regulatory requirements, and onboarding processes.

Demonstrated experience in onboarding and supporting new market participants.

Strong analytical and problem-solving skills, with the ability to interpret complex data and identify meaningful insights.

Excellent communication and stakeholder management skills, with the ability to translate technical information for non-technical audiences.

Proficiency in data analysis tools, such as Excel, SQL, and business intelligence software.

Experience in process improvement and project management.
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