Business Analyst, Equity Swap Operations - G MASS Consulting

G MASS are working with an international financial services group to appoint a Senior Business Analyst to lead the move of their synthetic equity swaps operation onto a new third-party SaaS platform. The business currently runs on a spreadsheet-driven process that has grown over time with little formal documentation, and this role will turn it into a clearly defined, controlled and auditable operating model.

You will own the overall delivery plan and testing approach, working alongside a London-based platform specialist who will lead the detailed technical challenge to the vendor. This is a hands-on position covering everything from current state discovery through to go-live, parallel running and post-launch improvement, suited to someone who understands the swap lifecycle in depth and is comfortable holding a demanding business to account.

Responsibilities

• Build a complete picture of how the process works today, working with the trading, operations and client services teams to unpick the spreadsheet and macro logic and the services currently provided by the vendor
• Translate that understanding into business requirements and target state process designs for the new platform, keeping them up to date as scope develops
• Design new operating procedures for the activities being brought in-house from the vendor
• Plan and lead user acceptance testing with the BAU team, producing the test evidence and sign-off pack needed for audit
• Oversee reconciliation of migrated data and manage the parallel run ahead of cutover
• Produce procedures and control descriptions that satisfy SOX requirements and are practical for operations staff to use day to day
• After go-live, support the onboarding of new clients and flows, and identify and specify opportunities to automate remaining manual work

Requirements

• Background as a business analyst or senior operations professional within equity swaps, total return swaps, CFDs or wider synthetic equity
• Strong grasp of the full swap lifecycle, including resets, financing, dividends, corporate actions, collateral, settlement and reconciliations
• Experience documenting processes and controls within a SOX or similarly regulated control environment
• Hands-on UAT delivery, including producing audit-ready test evidence
• Excellent written communication, with the confidence to challenge senior stakeholders constructively

Desirable

• Experience using or supporting Calypso
• Exposure to synthetic prime brokerage, or swap business with hedge funds or ETF issuers
• A track record of replacing spreadsheet-based tools with system-driven processes

Benefits

Location: New York, in the office five days a week by default

Engagement: Contract through G MASS on an initial six month basis. Option to convert to a permanent role.