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Role- Capital Markets Business Analyst
Location - Chicago, IL
Job type- Fulltime
Job Description Below
Desired Competencies (Technical/Behavioral Competency)
Must-Have**
- In depth domain knowledge of US Capital Markets
- Proficient in different asset classes (Listed equities, fixed income, physical securities, derivatives etc.) in US markets.
- Experience and Subject Matter Expertise of the key processing requirements around
- CCP processing for nettling, clearance, novation and obligations
- Equity clearing and Listed Options clearing
- Allocation and contract note generations
- Confirmation /Affirmation process
- OMGEO CTM / OASYS processing
- Net obligation Payment
- OCC collateral pledging and Repo processing capabilities
- DTC/FED Settlements
- Experience in International settlement capabilities via CCP and others, including Multi-Currency asset keeping and associated processing
- Understanding of market nuances to enable Identification and documentation and mapping of High-level requirements around market requirements for US market functionalities
- Lead the due diligence client workshop discussions from a market practice and operational requirements perspective
- Define, maintain, and track to completion the enhancements to existing process as well as gaps with reference to US market practice
- Solution approach review and approval of the approach meeting the market requirements as per market requirements.
- Good communication skills and willingness to travel
- Strong analytical and problem solving capability
- Ability to translate regulations and market rules into system logic
- Excellent stakeholder communication (business & technical)
Good-to-Have
- Experience in Software Development Life cycle/Methodologies
- Exposure of working in Product Companies
Responsibility of / Expectations from the Role
- Act as SME for DTCC entities and services, including:
- DTC (Depository Trust Company)
- NSCC (National Securities Clearing Corporation)
- FICC (GSD & MBSD - Government & Mortgage-Backed Securities)
- Provide expertise on:
- Trade lifecycle: Trade capture Comparison Netting Settlement
- CNS (Continuous Net Settlement) processing
- ID Net / Balance Order Accounting
- Stock loan, repo, Pledge ,collateral , DRS and DWAC processing
- Support DTCC message standards, including:
- ISO 15022 (MT54x, MT56x)
- ISO 20022 (MX migration and coexistence)
- Act as SME for Federal Reserve cash settlement mechanisms, including:
- Fedwire Securities Service
- Act as an SME for the business requirements, discuss with customer the market naunaces, manage customer requirement and enable solution alignment as per Regulatory & Market Practice
- SEC, FINRA, and Federal Reserve regulations impacting settlements
- Reg SHO, settlement discipline, fails management
- DTCC mandatory reclaims, fails charges, and liquidity risk management
- Fed operational risk and resiliency guidelines
- Partner with Product Management and Engineering teams to:
- Define business requirements and functional specifications
- Review solution designs for DTCC/Fed alignment
- Validate settlement models during platform modernization
- Functional & Messaging Knowledge of
- ISO 15022 (MT54x, MT56x, MT5xx)
- ISO 20022 MX settlement messages
- SWIFT, DTCC connectivity, Fedwire formats
- DTC Legacy ISO 20022 migration programs
- DTCC modernization and Fed infrastructure changes
- Provide sign off on:
- Business rules
- Settlement logic
- Exception and repair workflows
- Client & Stakeholder Engagement by being a senior SME in Client workshops and solution walkthroughs
Thanks & Regards
Chandra Shekhar Kumar ( Talent Acquisition Lead)
Vaarida Technologies
Email: