Business Analyst - Regulatory ( MFID )

Confidential Company  •  Tampa, FL

IT Consulting/Services

Salary depends on experience
Posted on 07/22/17 by Cynet Sytems
Tampa, FL
IT Consulting/Services
Salary depends on experience
Posted on 07/22/17 by Cynet Sytems

Job Title: Business Analyst- Regulatory (MFID) - Direct Hire / Full Time / Perm

Job Location: Tampa, FL

Job Type: Full Time / Perm / Direct Hire + Benefits

“US citizens and those authorized to work in the US are encouraged to apply. We are unable to sponsor H1b candidates at this time.”

Job Description:

  • We is seeking a highly motivated candidate for the position of Business Analyst within the Markets Regulatory Technology team to work on the MiFID initiative, within the Institutional Clients Group (ICG) - Markets and Security Services Technology (MSST) organization.
  • The successful candidate will need to be a hands-on self-starter, capable of working directly with the business regulatory reform team and MSST technology groups.
  • This is a pivotal role for the successful delivery of Client’s regulatory initiatives.

Requisition Details:

  • ??MiFID II regulatory initiative is a key focus and priority for Global Markets.
  • The regulatory requirements impact all product types and asset classes – Cash, ETD and OTC derivatives across Rates, Credit, Equities, FX, Commodities, Futures, GSM and Munis.
  • These requirements are driving fundamental changes to the way trading is done and require significant changes to the tech platforms.
  • The Markets Regulatory Technology team is tasked with the responsibility to manage these initiatives and work streams, perform in-depth business analysis working with Front Office, Middle Office, Operations and Technology, define cross-asset approach/architecture where applicable and manage the implementation.
  • The focus for this team will be on the continued strategic build out of infrastructure to give Client a competitive advantage, while at the same time complying with the regulatory requirements.
  • This position will provide the opportunity to work with various aspects of the pre and post trade lifecycles – electronic trading, trade processing, workflows and regulatory reporting.
  • This opportunity also involves working with the industry participants in various forums, to shape industry’s strategy and approach in response to the regulatory requirements.

The candidate will be responsible for:

  • Detailed analysis and documentation of requirements by working with the business regulatory reform team, Markets Technology teams for each asset class, middle office, front office, and operations.
  • Analysis of business processes, gaps in pre/post trade data models, data sources, interfaces, and process changes needed to address the regulatory requirements.
  • Technology impact assessment associated with regulatory requirements.
  • Participate in technical strategy decisions for implementation.
  • Program management, overseeing initiatives for the full development life cycle through delivery
  • Program tracking and reporting

The candidate will be expected to:

  • Formulate and define systems scope and objectives for complex projects through research and fact finding, combined with an understanding of applicable business systems and industry standards
  • Consult with the business clients to determine data reporting and system functional specifications.
  • Consult with users and clients to solve complex system issues/problems through in-depth evaluation of business processes, systems and industry standards
  • Recommend solutions
  • Leads system change process from requirements through implementation
  • Consider the business implications of the application of technology to the current business environment
  • Identify and communicates project risks and impact
  • Drive communication between regulatory reform leaders and IT
  • Exhibit sound and comprehensive communication and diplomacy skills to exchange complex information
  • Provide sound understanding of business analysis concepts and principles and a basic knowledge of concepts and principles in othertechnology areas
  • Apply comprehensive understanding of how multiple areas collectively integrate to contribute towards achieving business objectives.
  • Provide evaluative judgment based on analysis of factual information in complicated and unique situations.
  • Directly impact the business by ensuring a high quality of work provided by self and others;

Development Value:

  • Capital Markets trading is undergoing significant change to adhere to regulatory requirements and this role provides a tremendous opportunity to learn, be part of and to contribute to this evolution from close quarters
  • Broad exposure to front-to-back trade processing and electronic trading across all asset classes
  • Opportunity to work with all asset classes and exposure to their infrastructure
  • Exposure to Sr. Tech and Business management
  • Opportunity to work with other industry participants in various forums

Required Skills/Experience:

  • Application development domain experience (technical business analyst, developer, developer lead, or technical project manager)
  • Project management of large scale initiatives with various stakeholders across regions and business lines
  • Capital markets and regulatory implementations – MiFID II, Dodd-Frank, Volcker, Basel, CVA, Margin, etc.
  • Knowledge of Fixed Income or Equity Markets
  • Ability to identify detailed business and technical requirements, translating the requirements into technical solutions, and target state architecture
  • Ability to articulate complex issues concisely and communicate effectively and comfortably with senior staff
  • Assess and mitigate project risks and dependencies
  • Strong analytical and problem solving skills
  • Influencing project stakeholders and team members
  • Extensive SDLC experience, in particular experienced in agile project delivery
  • Demonstrated ability to work under tight deadlines and deliver in a fast-paced environment
  • Excellent verbal and written communication skills
  • Detail-oriented
  • Assertive, self-starter, and team-oriented
  • MS-Excel, MS-PowerPoint, MS-Project skills
  • Reconciliation  Analyze / Development including tools such as  TLM Recs,  Frontier, CTC, Intellimatch.
  • Data Quality methodologies such as Six Sigma,  TQM, DMAIC,
  • Exposure to FpML and data modeling is a plus
  • SQL is a plus


  • Bachelor's Degree in Computer Science or equivalent
  • Master’s Degree in Computer Science or equivalent is preferred
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