Business Analyst (IT)

at Spectraforce Technologies Inc. in ChicagoChicago, Illinois, United States

Job Description

Job Title: Business Analyst - Foreign Exchange
Work location: Hybrid Onsite 3 days per week, Chicago, IL
Duration: 3months Contract to Hire - based on work performance, need and budget availability

Project Overview:
We are seeking a highly motivated and experienced Business Analyst to join our Product Development group for foreign exchange (FX) trading. The ideal candidate will play a crucial role in building out a target operating model for our front office trading platforms, including Execution Management Systems (EMS), Order Management Systems (OMN) and Portfolio Management Systems (PMS). This role requires a deep understanding of front office trading systems, FX markets and technical acumen to effectively bridge the gap between business needs and technology solutions.

Experience Level: 3

Work hours: 7:00am - 4:30pm OR 8:00am - 5:00pm CST

Qualifications:
Bachelor's degree in Finance, Business Admin, IT or a related fields
Minimum of 5 years' experience as a Business Analyst in the capital markets sector, with a focus on front office trading systems and FX trading.
Strong knowledge of EMS, OMS and PMS platforms and their role in trading operations
Demonstrated experience in developing target operating models and implementing process improvements
Proficiency in business analysis techniques, including requirements gathering, process mapping and documentation
Technically savvy with the ability to understand system architectures, data flows and integration points
Excellent communication, presentation and stakeholder management skills
Strong analytical and problem solving skills
Ability to work independently and as part of a team in a fast-paced, dynamic environment
Key Responsibilities:

Target Operating Model Development
Collaborate with stakeholders to define and document the target operating model for front office trading
Analyze current state processes, systems, and workflows to identify gaps and improvement opportunities
Develop and implement best practices for EMS, OMS and PMS integration & usage

Business Analysis
Gather and document detailed business requirements from front office trading teams and other relevant stakeholders.
Translate business requirements into functional specifications for technology teams
Conduct impact analysis and feasibility studies for proposed changes and enhancements

System Implementation & Support
Support the implementation of new trading platforms and system upgrades
Participate in system testing, including developing test cases, performing user acceptance testing and coordinating with users for feedback
Provide ongoing support and troubleshooting for front office trading systems

Stakeholder Management
Serve as a liaison between front office trading teams, IT, vendors and other stakeholders to ensure effective communication & collaboration
Conduct regular meetings with stakeholders to review project progress, address issues and gather feedback

Technical Expertise
Leverage technical knowledge to understand system architectures, data flows and integration points
Work closely with developers to ensure technical solutions align with business requirements and industry standards
Stay up to date with industry trends, regulatory changes and emerging technologies in FX trading

SPECTRAFORCE is an equal opportunity employer and does not discriminate against any employee or applicant for employment because of race, religion, color, sex, national origin, age, sexual orientation, gender identity, genetic information, disability or veteran status, or any other category protected by applicable federal, state, or local laws. Please contact Human Resources at nahr@spectraforce.com if you require reasonable accommodation.