Job DescriptionWe're seeking a future team member for the role of Senior/ Principal Business Analyst to join our Execution Services: Risk & PnL team. This role is in New York
In this role, you'll make an impact in the following ways: - Participate in team-developing mission-critical systems that are dependent on financial market transitions and support day-to-day enhancements across front office, Operations and Asset Servicing
- Will be in-charge for developing Pricing Methods working closely with trading & Quantitative groups
- Analyze/ Support operations/ Trading/ Quants and other groups around day-to-day pricing / PnL/ PnL explanatories in a timely manner
- Work closely with Risk Domain to support each domain's Risk Needs (Market Risk/ Credit Risk/ VaR/ CCAR)
- Collaborate with quantitative group, Model Valuation Group and traders for Supporting / Testing the code
- Create and implement system testing procedures
- Principle Business Analyst ->> Consults with internal team members and other senior development team members in developing Pricing tools for trading. business groups to provide high-level application software development services or technical support. Analyzes information and supports lines of business to address and resolve business issues for a specific business group. Consults with IT management and technical staff regarding use of emerging technologies and associated services
To be successful in this role, we're seeking the following: - Bachelor's degree in computer science or a related discipline, or equivalent work experience required, advanced degree is preferred.
- 10-12+ years of experience of equivalent work experience in OTC derivatives
- 10+ Years of experience running / Managing/ Configuring OTC Trade Processing/ Pricing / Risk Management Tools
- Software development knowledge is necessary
- Understanding OTC Products - CDS/ IRS/ Swaptions/ Caps-Floors/ FX SWAPS/ X-CCY SWAPS / Exotic Products
- Ability to perform Impact Analysis based on discounting methodologies
- Understanding around the implementation & changes necessary to implement SOFR/ ESTER discounting
- Understanding of Life Cycle Management of OTC products
- Familiarity with testing concepts and frameworks
- Understanding & Proficiency around building curves for pricing OTC products [ Boot Strapping the zero curves and building scenarios & base curves for pricing]
Desired Skills and Experience:- Deep Understanding of OTC derivatives & Pricing of OTC ( Fixed Income Products)
- Proficiency with SQL and Scripting language
- Understanding of FpML / XML
- Product Proficiency - SUMMIT Trading System
- Highly quantitative knowledge to analyze the issues and provide necessary solutions within the pricing domain
