Senior Business Analyst – Capital Markets Location: London (Hybrid) | Practice Area: Business Consulting | Type: Permanent Bridge capital markets expertise with structured change to deliver measurable impact The Role Capco is seeking a Senior Business Analyst to join our Business Consulting practice, with a strong focus on Capital Markets. You’ll work with leading financial institutions across front, middle, and back office functions, helping clients navigate complex change driven by market structure evolution, regulation, data transformation, and emerging technologies. Operating in a consulting environment, you’ll partner closely with business and technology stakeholders to shape pragmatic solutions, improve operating models, and support the delivery of high-impact transformation programmes. What You’ll Do Lead business analysis workstreams across Capital Markets initiatives, from problem definition through to delivery Translate capital markets domain knowledge into clear requirements, target state designs, and actionable insights Support business change, operating model evolution, and system or data-led transformation programmes Facilitate workshops, elicit and document requirements, and contribute to Agile or Waterfall delivery Present structured analysis and recommendations to stakeholders at varying levels of seniority What We’re Looking For Strong business analysis experience delivering change within Capital Markets environments Hands-on experience across areas such as trading, risk, post-trade, operations, regulatory change, or market infrastructure Ability to collaborate with technology and data teams to translate business needs into functional designs Consulting capabilities including stakeholder engagement, adaptability, structured thinking, and clear communication Working knowledge of SDLC and Agile/Waterfall methodologies, with experience using tools such as Jira Bonus Points For Exposure to AI-enabled use cases, advanced analytics, or data-driven decisioning within Capital Markets Experience working with data platforms, reporting tools, or data modelling concepts Involvement in operating model design, target state definition, or process optimisation initiatives Understanding of regulatory-driven transformation (e.g. market reform, risk, or reporting change) Confidence supporting client workshops and contributing to senior stakeholder discussions Why Join Capco Deliver high-impact technology and business solutions for Tier 1 financial institutions Work in a collaborative, flat, and entrepreneurial consulting culture Access continuous learning, training, and industry certifications Be part of a team shaping the future of digital financial services Help shape the future of digital transformation across FS & Energy We offer a competitive, people-first benefits package designed to support every aspect of your life: Discretionary bonus, competitive pension, health insurance, life insurance, and critical illness cover Mental health support including CareFirst, Unmind, Aviva consultations, and trained in-house first aiders Family-friendly policies covering parental leave, fertility treatment, menopause, pregnancy loss, and bereavement Holiday flexibility with 5 weeks of annual leave and the option to buy or sell days Minimum 40 hours of annual learning, plus a Business Coach assigned from day one Inclusion at Capco We’re committed to making our recruitment process accessible and straightforward for everyone. If you need any adjustments at any stage, just let us know – we’ll be happy to help. We value each person’s unique perspective and contribution. At Capco, we believe that being yourself is your greatest strength. Our BeYourselfAtWork culture encourages individuality and collaboration – a mindset that shapes how we work with clients and each other every day. LI-KA1 .