Senior Business Analyst

Senior Business Analyst – Securities Financing / Triparty Collateral / Repo

London | 3 days in the office | Initial 6 month contract

£800 per day inside IR35

We are seeking an experienced Senior Business Analyst to join a global investment bank, supporting key change initiatives across Securities Financing, Triparty Collateral Management and Clearing within Markets Operations.

The successful candidate will play a key role in delivering a collateral clearing transformation programme, alongside supporting the post-implementation remediation and optimisation of a FICC Sponsored Repo programme. This is a hands-on, delivery-focused position requiring strong business analysis capabilities, excellent product knowledge and experience working across complex investment banking environments.

Key Responsibilities:

• Deliver business analysis across Securities Financing, Triparty Collateral and Clearing change initiatives.
• Support the enhancement of collateral clearing processes, including triparty arrangements, securities lending, repo and settlement workflows.
• Identify and resolve post-implementation issues across Sponsored Repo, including trade matching, confirmations, clearing exceptions and reconciliations.
• Gather and document business requirements, user stories, process flows and functional specifications.
• Define and enhance Target Operating Models (TOM), operational processes and controls.
• Work closely with Front Office, Markets Operations, Technology and external clearing participants.
• Support systems integration, data mapping, testing and UAT activities.
• Identify operational inefficiencies and deliver practical improvements across the trade lifecycle.

Skills & Experience Required:

• Proven experience as a Business Analyst within Markets Operations at a leading investment bank.
• Strong knowledge of Triparty Collateral Management, including collateral allocation, settlement and associated operational processes.
• Experience across Securities Financing, Repo, Reverse Repo and/or Securities Borrowing & Lending (SBL).
• Good understanding of clearing and settlement processes, CCPs and post-trade operations.
• Demonstrable experience delivering regulatory change, systems implementations or operational transformation programmes.
• Strong hands-on BA capabilities, including requirements gathering, process mapping, gap analysis, TOM design and UAT.
• Ability to work autonomously and engage effectively with senior stakeholders across Operations, Front Office and Technology.
• Experience with FICC Sponsored Repo, Sponsored General Collateral (GC) or US Treasury clearing would be highly advantageous.