SVP, Principal Business Analyst – Third Party Application Engineering

We’re seeking a future team member for the role of Senior/ Principal Business Analyst to join our Execution Services: Risk & PnL team. This role is in New York

In this role, you’ll make an impact in the following ways:

• Participate in team-developing mission-critical systems that are dependent on financial market transitions and support day-to-day enhancements across front office, Operations and Asset Servicing

• Will be in-charge for developing Pricing Methods working closely with trading & Quantitative groups

• Analyze/ Support operations/ Trading/ Quants and other groups around day-to-day pricing / PnL/ PnL explanatories in a timely manner

• Work closely with Risk Domain to support each domain’s Risk Needs (Market Risk/ Credit Risk/ VaR/ CCAR)

• Collaborate with quantitative group, Model Valuation Group and traders for Supporting / Testing the code

• Create and implement system testing procedures

• Principle Business Analyst ->> Consults with internal team members and other senior development team members in developing Pricing tools for trading. business groups to provide high-level application software development services or technical support. Analyzes information and supports lines of business to address and resolve business issues for a specific business group. Consults with IT management and technical staff regarding use of emerging technologies and associated services

To be successful in this role, we’re seeking the following:

• Bachelor's degree in computer science or a related discipline, or equivalent work experience required, advanced degree is preferred.

• 10-12+ years of experience of equivalent work experience in OTC derivatives

• 10+ Years of experience running / Managing/ Configuring OTC Trade Processing/ Pricing / Risk Management Tools

• Software development knowledge is necessary

• Understanding OTC Products – CDS/ IRS/ Swaptions/ Caps-Floors/ FX SWAPS/ X-CCY SWAPS / Exotic Products

• Ability to perform Impact Analysis based on discounting methodologies

• Understanding around the implementation & changes necessary to implement SOFR/ ESTER discounting

• Understanding of Life Cycle Management of OTC products

• Familiarity with testing concepts and frameworks

• Understanding & Proficiency around building curves for pricing OTC products [ Boot Strapping the zero curves and building scenarios & base curves for pricing]

Desired Skills and Experience:

• Deep Understanding of OTC derivatives & Pricing of OTC (Fixed Income Products)

• Proficiency with SQL and Scripting language

• Understanding of FpML / XML

• Product Proficiency – SUMMIT Trading System

• Highly quantitative knowledge to analyze the issues and provide necessary solutions within the pricing domain