Associate/Assistant Vice President – Business Analyst recruitment

Company overview

MarkitSERV is a new company formed between Markit and The Depository Trust Clearing Corporation (DTCC).

MarkitSERV combines the flagship electronic trade confirmation, position reconciliation and related workflow platforms from its parent companies to provide a single gateway for over-the-counter (OTC) derivative transaction processing globally. Our combined solution helps to reduce operational risk, streamline processing and improve the safety and certainty of the OTC derivatives markets by simplifying and automating trade processing across the major asset classes.

Department

Business Analysis and Platform Integration

Department overview

The goal of the department is to provide high quality and timely business analysis to enable Development and Testing departments to develop and test new functionality in an optimal manner. Additionally we provide ad hoc internal support to help other departments resolve user queries.

The department has teams in London and New York performing business analysis on the DSMatch, Markit Trade Manager and Markit Wire platforms. A significant amount of the analysis is focused on interfacing to third party clearing houses, providing cross product workflows and extending the range of supported products.

Increasingly, projects are becoming cross platform as we seek to integrate different user communities interfacing to different platforms.

Position summary

Markit Group Limited (“Markit”), the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The recently created spin off company MarkitSERV, seeks an experienced business analyst to join its Business Analysis team working on the Markit Wire platform.

Markit Wire is the innovative electronic network for dealers, inter-dealer brokers, prime brokers and buy-side clients to exchange trade data, confirm OTC transactions and achieve straight-through-processing (STP). Communication is direct with a counterpart and legal confirmations are in place within minutes of execution. The BA team continually expands product coverage and related horizontal processes.

Duties accountabilities

• Identify options for potential solutions, including assessment of technical and business suitability

• Use industry expertise to help define best-fit solutions

• Produce detailed business and functional requirement specifications from existing systems, previous drafts, and SME interviews

• Conduct gap analysis

• Integration of new and products and processes into the Markit Wire platform

• Provide input into user interface layouts and create mock-ups

• Utilise analytical tools to develop workflow and process flow diagrams

• Assist with acceptance and system testing

• Write and revise legal documentation, system documentation and support materials (e.g. functional specifications, product legal provisions, XML mapping specifications, user implementation guides, etc.

• Liaise with external clients to provide expertise and input where necessary

Business competencies

Education and experience

• Bachelor’s degree or equivalent

• Proven experience as a business analyst or a desire to migrate into such role from a more technical background.

• Thorough understanding of the software development life cycle

• Strong interviewing skills

• Strong written and oral communication skills

• Analytical and well organized

• Careful attention to detail

• Proven ability to work independently

• Experience of XML and XSL transformations. A previous knowledge of programming will be considered in its place

• Expertise in MS Word, Excel, Visio, PowerPoint, XML Spy or similar

• Experience of requirements capture tools a plus

• Strong understanding of technology, and its use in achieving STP in the financial services industry

• Past experience with one or more of rates, equity or credit front/back office systems a plus. This particular role will be Rates focused.

Commercial awareness

• Able to work competently on his/her own or within a team, taking a project through complete lifecycle

Personal competencies

Personal impact

• Strong problem solving skills

• Flexibility and attitude to achieve tight deadlines

Communication

• Excellent written and oral communication skills

• Good interpersonal skills and ability to manage stakeholder relationships

Teamwork

• Strong team player who is comfortable working at all levels of the business and external stakeholders as required