Iris Software has been a trusted software engineering partner to several Fortune 500 companies for over three decades. We help clients realize the full potential of technology-enabled transformation by bringing together a unique blend of domain knowledge, best-of-breed technologies, and experience executing essential and critical application development engagements.

www.irissoftware.com

Title- Lead - Business Analyst

Location- Noida, Gurgaon

Notice: 15 Days OR Immediate joiners only

Mode- Hybrid

Shift: 1:00 PM- 10:00 PM IST

Business Processes Covered

1. Initial Margin (IM) Management
2. Variation Margin (VM) Management
3. Margin Call Lifecycle Management
4. Collateral Allocation and Optimization
5. Collateral Settlement and Processing
6. Portfolio Reconciliation
7. Collateral Dispute Resolution
8. Regulatory Reporting and Compliance

Key Responsibilities

1. Gather, analyze, and document business requirements from Operations, Risk, Compliance, and Front Office stakeholders.
2. Perform detailed analysis of margin call workflows, collateral movements, and dispute management processes.
3. Collaborate with technology teams to define functional and non-functional requirements for system enhancements.
4. Analyze collateral booking, allocation, optimization, and settlement processes across various asset classes.
5. Support Credit Support Annex (CSA) setup, agreement onboarding, and change management activities.
6. Conduct data analysis and reconciliation using SQL, Excel, and reporting tools to identify process gaps and operational issues.
7. Create Business Requirement Documents (BRD), Functional Requirement Documents (FRD), user stories, process flows, and data mappings.
8. Support regulatory initiatives related to Uncleared Margin Rules (UMR), European Market Infrastructure Regulation (EMIR), and other global collateral regulations.
9.



Coordinate and execute User Acceptance Testing (UAT), defect tracking, and production validation activities.
10. Drive process improvement initiatives by identifying automation opportunities and operational efficiencies.
11. Engage with business, operations, risk, vendors, and technology stakeholders to ensure successful project delivery.

Domain Knowledge - Must Have

1. Strong understanding of the OTC (Over-The-Counter) derivatives lifecycle.
2. Hands-on experience with CSA (Credit Support Annex) agreements and collateral management processes.
3. Comprehensive knowledge of Initial Margin (IM) and Variation Margin (VM) calculations.
4. Strong understanding of margin call processing and dispute management.
5. Knowledge of collateral asset types including Cash, Bonds, Equities, and Government Securities.
6. Understanding of securities pricing, valuations, haircuts, and eligibility schedules.
7. Experience with collateral settlement, reconciliation, and operational controls.
8. Good understanding of trade lifecycle events and their impact on margin and collateral processes.

Qualifications

1. Bachelor's degree in Finance, Economics, Business Administration, Computer Science, or a related discipline.
2. 5+ years of Business Analysis experience within Capital Markets, Investment Banking, or Financial Services.
3. Proven experience delivering Margin, Collateral, Risk, or Operations technology projects.
4. Strong understanding of financial products including OTC Derivatives, Fixed Income, FX, and Securities Financing Transactions.
5. Experience working with cross-functional global teams.
6. Robust communication, stakeholder management, and presentation skills.
7. Professional certifications such as CBAP, PMI-PBA, FRM, CFA, or Agile certifications are advantageous.

Sounds like you? Send your CV to me - [email protected]

📌 Lead - Business Analyst (Collateral Domain) (Gurugram)
🏢 IRIS SOFTWARE
📍 Gurugram