Business Analyst - BA4

Overview

Act as the techno-functional Business Analyst for the trade execution platform, providing functional and technical analysis across the trade execution lifecycle.

What you'll do

• Identify and analyse business problems and client requirements that require change within the organisation.
• Develop business requirements that address business problems and opportunities.
• Collaborate with stakeholders, including Dealers, RMS, Broking Operations, Technology, Infrastructure, Information Security, exchanges and external vendors, to ensure proposed solutions meet their needs and expectations.
• Support the creation of business cases that justify investment in proposed solutions.
• Conduct feasibility studies to determine the viability of proposed solutions.
• Support the creation of reports on project progress to ensure proposed solutions are delivered on time and within budget.
• Create operational design and process design to ensure proposed solutions are delivered within the agreed scope.
• Support change management activities, including development of a traceability matrix to ensure proposed solutions are successfully implemented and embedded in the organisation.
• Understand and document end-to-end flows covering order capture, order validation, order routing, exchange connectivity, trade confirmation and downstream hand-off to post-trade systems.
• Gather and analyse business, regulatory and technology requirements and translate them into BRDs, functional specifications, user stories, process flows, interface requirements and acceptance criteria.
• Perform As-Is/To-Be and gap analysis, assess solution impacts and identify dependencies across upstream and downstream applications and interfaces.
• Analyse application and interface issues using SQL/data analysis, logs, files and system flows, working with development and vendor teams to identify root causes and drive resolution.
• Support integrations and connectivity with relevant NSE/BSE trading infrastructure and downstream broking systems.
• Own functional analysis for regulatory/exchange-mandated changes, business enhancements, technology upgrades and control remediation impacting the trade execution platform.
• Define test scenarios and acceptance criteria and support SIT, UAT, regression testing, production sanity validation and business sign-off.
• Support production releases, incidents and problem investigations, including impact analysis, root-cause analysis and remediation tracking.
• Coordinate with development, QA, production support and vendor teams throughout the full SDLC, from requirement definition through to production implementation.
• Maintain appropriate documentation and evidence to support risk, control, audit and governance requirements for a regulated trading platform.

What you'll need

• Bachelor's degree in Engineering, Computer Science, Information Technology, Finance, Business Management or a related discipline.
• Relevant experience as a Business Analyst/Techno-Functional Analyst in Capital Markets, Securities, Broking or Trading Technology.
• Hands-on experience working with trade execution, Order Management Systems (OMS) or trading platforms.
• Strong knowledge of the equity trading lifecycle and Indian capital markets.
• Strong understanding of capital markets and equity broking, particularly front-office order and trade execution.
• Good functional understanding of the order-to-trade lifecycle, including order placement, validations, routing, exchange execution, trade confirmations and post-trade interfaces.
• Ability to bridge the gap between business users and technical teams, translating trading requirements into detailed system requirements.
• Strong analytical and problem-solving capabilities, with the ability to investigate data, interfaces and application behaviour rather than limiting the role to documentation.
• Working knowledge of SQL, databases, file/interface-based integrations, application logs and data reconciliation.
• Good understanding of APIs/interfaces, batch and real-time integrations, Linux/Unix environments and application architecture.
• Strong stakeholder and vendor management skills, with the ability to work across Front Office, Operations, Technology, Risk and Control.
• Ability to operate effectively in a regulated, business-critical trading environment and manage multiple priorities simultaneously.
• Strong written and verbal communication skills, with disciplined documentation and attention to detail.
• Experience preparing BRDs, functional specifications, user stories, process flows, test scenarios and acceptance criteria.
• Experience supporting SIT/UAT, production releases and incident/problem analysis.
• Effective stakeholder management across business and technology teams.

Nice to have

• Prior hands-on experience with NEST/Omnesys NEST or a comparable broker trade execution/OMS platform.
• Knowledge of NSE and BSE trading environments, exchange connectivity and trading terminals.
• Familiarity with NEAT/BOLT or equivalent exchange trading systems.
• Understanding of RMS controls, trading limits, margins and pre-trade validations.
• Exposure to FIX/API-based exchange or trading-system integration.
• Understanding of Cash Equity and Equity Derivatives (F&O) products and workflows.
• Experience with Linux/Unix, Oracle/SQL databases, logs, interfaces and production troubleshooting.
• Understanding of downstream trade settlement/back-office systems and interfaces between front-office execution and post-trade platforms.
• Exposure to SEBI and exchange-driven technology/regulatory changes, audit requirements and control frameworks.
• Experience working with third-party product/vendor teams and managing requirements through implementation.

Details

• Location: Mumbai.