Business Analyst – Payments (Capital Markets)
Location: Glasgow
Role Overview
A Business Analyst in Payments (Capital Markets) operates at the intersection of:
* Trading systems
* Settlement processes
* Banking & payment infrastructure
The role involves translating business requirements from traders, operations, and treasury teams into functional and technical solutions that enable secure and efficient cash movement linked to securities transactions.
Hybrid Working
The places you work from day to day will vary according to your role, your needs, and those of the business; it will be a blend of Company offices, client sites, and your home; noting that you will be unable to work at home 100% of the time.
Your Role
Requirement Gathering & Analysis
* Capture requirements related to:
o Trade settlement payments (DvP, PvP)
o Margin payments (Initial & Variation Margin)
o Corporate actions (dividends, coupons)
* Collaborate with:
o Front Office Traders
o Operations Teams
o Treasury & Liquidity Teams
Process Mapping
* Map end-to-end lifecycle:
o Trade → Clearing → Settlement → Cash Movement
* Create:
o As-Is and To-Be process flows
* Design payment workflows:
o RTGS (Real-Time Gross Settlement)
o Net Settlement
Functional Specifications
* Document:
o BRDs (Business Requirement Documents)
o FRDs (Functional Requirement Documents)
o User Stories
* Define:
o Payment flows
o SWIFT messages (MT/MX)
o Netting logic
o Settlement instructions
System Analysis
* Work with systems such as:
o Payment platforms (RTGS, SWIFT gateways)
o Clearing systems (CCPs)
o Custody/CSD platforms
* Define:
o Data mappings
o Trade-to-settlement payment instructions
Testing & Validation
* Support:
o SIT (System Integration Testing)
o UAT (User Acceptance Testing)
* Validate:
o Payment accuracy
o Settlement completeness
o Reconciliation processes
Stakeholder Management
* Act as a liaison between:
o IT Teams
o Business Users
o External parties (Custodians, Clearing Houses)
Your Job
Capital Markets Knowledge
* Trade lifecycle (T, T+1, T+2)
* Asset classes:
o Equities
o Bonds
o Derivatives
* Clearing & Settlement:
o CCP (Central Counterparty)
o CSD (Central Securities Depository)
Payments Knowledge
* Payment types:
o RTGS (Real-Time Gross Settlement)
o Net Settlement
* Messaging standards:
o SWIFT MT (e.g., MT103, MT202)
o ISO 20022 (MX messages)
* Key concepts:
o Nostro / Vostro Accounts
o Liquidity Management
C. Risk & Controls
* DvP (Delivery vs Payment)
* Settlement risks:
o Herstatt Risk
* Reconciliation and exception handling
Key Skills
Functional Skills
* Business Analysis & Requirement Documentation
* Process Modelling (BPMN, Visio)
* Payments & Settlement Knowledge
Technical Skills (Nice to Have)
* SQL / Data Analysis
* APIs & Payment Integrations
* Understanding of:
o SWIFT Interfaces
o Payment Engines
We are a Disability Confident Employer
Capgemini is proud to be a Disability Confident Employer (Level 2) under the UK Government’s Disability Confident scheme. As part of our commitment to inclusive recruitment, we will offer an interview to all candidates who declare they have a disability and meet the minimum essential criteria for the role. Please opt in during the application process.
Make It Real
* You’ll be joining an accredited Great Place to work for Wellbeing in 2024. Employee wellbeing is vitally important to us as an organisation.
* You will be empowered to explore, innovate, and progress. You will benefit from Capgemini’s ‘learning for life’ mindset, meaning you will have countless training and development opportunities from thinktanks to hackathons, and access to 250,000 courses with numerous external certifications from AWS, Microsoft, Harvard ManageMentor, Cybersecurity qualifications and much more.
* You will be joining one of the World’s Most Ethical Companies, recognised by Ethisphere for 13 consecutive years. We live our values by making ethical business choices every day. Working ethically is at the centre of our culture at Capgemini, meaning you will be helping to create a future we can all be proud of.
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