Description - ONLY APPLY IF YOU ARE COMMUTABLE TO EDINBURGH
Role Overview
We are seeking Snr Business Analysts to support a high‑profile transformation programme within Securities Services, focused on strengthening transaction management, improving OTC derivative processing, and delivering automation across front‑to‑back trade lifecycles.
These roles will operate in a highly client-facing environment, working closely with Tier 1 institutional clients, product, technology, and operations teams. The successful candidates will be process-led business analysts with strong domain expertise in OTC derivatives, transaction monitoring, and post‑trade lifecycle management.
The role will also support a strategic Front‑to‑Back Transformation Programme, aimed at expanding and automating Calypso as the single book of record for all OTC derivatives, reducing operational risk, driving scalability, and improving client outcomes.
Key Responsibilities
Product Enablement
Lead analysis and onboarding of OTC derivative products not currently supported in Calypso, including:
CDS (Options)
Performance Swaps – Market Index
CDS Index Tranches
Define product workflows, lifecycle events, data requirements, and control points.
Partner with clients, technology, and operations to ensure correct product representation and operational readiness.
Automation of Trade Capture & Lifecycle Events
Analyse current-state manual trade capture and lifecycle processes across OTC derivatives.
Define future-state automated workflows to eliminate manual processing.
Drive automation of trade capture, confirmations, amendments, resets, and lifecycle events within Calypso and upstream/downstream platforms.
Pricing Automation
Analyse pricing processes for clients currently dependent on manual pricing workflows.
Define and implement automated pricing solutions within Calypso.
Ensure transparent, auditable pricing aligned with client contracts, market data sources, and valuation policies.
Transaction Monitoring & Control
Support strong transaction monitoring and transaction management capabilities across the OTC lifecycle.
Identify process gaps, control weaknesses, and operational risks.
Define clear KPIs, exception handling, and escalation processes.
Client & Stakeholder Engagement
Act as a Snr point of contact for Tier 1 clients, gathering requirements and translating business needs into clear functional specifications.
Facilitate workshops, walkthroughs, and solution validation sessions with clients and internal stakeholders.
Work closely with technology, operations, risk, and product teams to ensure successful delivery.
Change & Delivery
Produce high-quality business analysis artefacts including:
Business requirements and functional specifications
Process maps and target operating models
Data lineage and lifecycle diagrams
Support UAT, implementation, and post‑go‑live activities.
Contribute to continuous improvement across tools, processes, and delivery approach.
Required xp & Skills
Core XP
Proven Snr Business Analyst XP (approximately GCB 4 level or equivalent).
Strong Bakground in transaction monitoring and transaction management within financial services.
Deep understanding of OTC derivatives, including trade lifecycle events and post‑trade processing.
XP operating in process-led BA roles, not purely platform or technical analysis.
Platform XP
Markit XP is highly desirable for the majority of roles.
Calypso XP is advantageous but not essential.
Given the scarcity of Calypso talent, strong OTC domain knowledge and transaction management XP will be prioritised over pure platform specialisation.
Client & Communication Skills
Demonstrable XP working in client-facing roles, ideally with Tier 1 institutional clients.
Strong stakeholder management, influencing, and communication skills.
Ability to confidently facilitate workshops and articulate complex concepts to both technical and non-technical audiences.
Desirable XP
Exposure to front‑to‑back transformation or book‑of‑record programmes.
XP in Securities Services, Custody, or Investment Operations environments.
Understanding of operational risk, controls, and regulatory considerations within OTC markets.
Why Join
Opportunity to play a key role in a strategically important front‑to‑back transformation programme.
High visibility work with Tier 1 global clients.
Ability to shape and automate OTC derivative processing at scale.
Roles based in Edinburgh, with strong collaboration across global teams.
Skills
1. business analysis
2. Calypso
3. Markit
4. Trade and Transaction
5. business requirements
6. OTC
7. Transaction managment
8. business process
9. automation
Job Title: Senior Business Analyst - OTC Derivitives
Location: Edinburgh, UK
Rate/Salary: - GBP Daily
Job Type: Contract
Trading as TEKsystems. Allegis Group Limited, Maxis 2, Western Road, Bracknell, RG12 1RT, United Kingdom. No. 2876353. Allegis Group Limited operates as an Employment Business and Employment Agency as set out in the Conduct of Employment Agencies and Employment Businesses Regulations 2003. TEKsystems is a company within the Allegis Group network of companies (collectively referred to as "Allegis Group"). Aerotek, Aston Carter, EASi, Talentis Solutions, TEKsystems, Stamford Consultants and The Stamford Group are Allegis Group brands.