Business Analyst - Broker Dealer

Our Financial Services client is seeking a Business Analyst to join our Broker Dealer Back Office team, with a focus on Transaction Lifecycle Management (TLM) for collateral management. This role supports risk mitigation, collateral optimization, and operational efficiency across a diverse product set, including fixed income, equity, repo, tri-party agreements, derivatives, and securities lending.

The ideal candidate will have deep expertise in collateral workflows, margin processes, and system analysis, with a strong preference for experience in SmartStream TLM or similar platforms.

This position is hybrid, 3-4 days a week in NYC. Local candidates only (no relocation). This role is not eligible for employer-sponsored work authorization (e.g., H-1B, OPT, CPT, etc.) or transfer. Candidates must have valid U.S. work authorization

Key Responsibilities

Collateral Management & Risk Mitigation

• Analyze and document workflows from agreement execution to settlement.
• Ensure collateral adequacy and proper counterparty risk mitigation.
• Collaborate with risk and operations teams to validate pledged collateral.

Collateral Valuation & Monitoring

• Support mark-to-market valuation and margin call processes.
• Define requirements for automated alerts and shortfall monitoring.
• Document escalation procedures and threshold logic.

Margin Calls & Collateral Optimization

• Analyze margin call methodologies and dispute resolution workflows.
• Support collateral substitution and optimization strategies for funding and repo operations.
• Document substitution agreements and counterparty workflows.

Tri-Party Agreements & Operational Efficiency

• Provide analysis for tri-party arrangements with custodians and service providers.
• Identify automation and process improvement opportunities.
• Support TLM system configuration and implementation.

Technical Support & System Analysis

• Resolve system issues (e.g., trade capture errors, margin discrepancies).
• Partner with IT to implement enhancements and integrations.
• Troubleshoot collateral position mismatches and calculation logic.

Business Analysis & Documentation

• Author business requirements and technical specifications.
• Maintain process documentation, workflow diagrams, and system configurations.
• Liaise with stakeholders to refine TLM functionality.

Required Skills & Experience

• 5+ years in collateral management, operations, or business analysis within broker-dealer or investment banking.
• Strong understanding of TLM, margin calculations, and collateral optimization.
• Experience across multiple products: fixed income, equity, repo, derivatives, securities lending.
• Familiarity with tri-party arrangements and custodian bank roles.

Hands-on experience with

• SmartStream TLM (preferred), Broadridge, Calypso, Murex
• Trade lifecycle systems (e.g., Broadridge BPSA, IMPACT A)
• Market/reference data tools (e.g., S&P Global WSO, ClearPar)
• Proficiency in SQL for data analysis.
• Knowledge of regulatory frameworks: Dodd-Frank, EMIR, Basel III, UMR.
• Experience with greenfield or transformation projects.
• Agile methodology exposure and future-ready tech mindset.
• Strong communication, documentation, and cross-functional collaboration skills.
• Education: Bachelor’s degree in Finance, Business Administration, Computer Science, or related field.