Job Detail

Business Analyst - Secondary Loan Trading

Business Analyst - Secondary Loan Trading
Primary Location
New York
Bachelor's Degree
Rate Type
Per year
Job Description
Our client, an international bank in NYC is looking for Business Analyst - Secondary Loan Trading. The lead BA is a key position within the Secondary Loan trading project. This BA is expected to deliver on the specific tasks and requirements. These tasks will include understanding and experience of following: Deal Closing, processing Drawdowns, Rollovers, Repayments, Pre- payments, Funding, Rate-Fixings, Fees and external payments, collection of interest, Nostro & Past Due Reconciliation.

You will also act as business analyst responsible for creating BRD, FRD and Design specs.

This role will report to a Program Lead and will be accountable for the core responsibilities identified below. This role will partner with a functional sponsor as well as various functional stakeholders. This role will require the leadership and coordination of various resources and the delivery of new process, procedures, and technology.
Core Responsibilities
  • Working with functional Operations (back office/ settlements team) Finance / Data team and partner closely with IT development to define approaches, requirements and overall trade flow design.
  • Oversee the creation and approval of core project documentation including business requirements, functional requirements, technical specifications, user acceptance testing.
  • Documentation of all required meeting materials
Job Requirements
  • Strong experience and background in secondary loan trading (specially middle to back office)
  • Must be a strong writer and communicator with experience writing BRDs and FRDs
  • Assist in design phase, coordinate with different teams as well as documentation of the trade flows
  • Experience working with various Broker/Dealer products including Stock Borrow/Loan, Equities, Bonds, Treasuries, ABS, MBS, Securitized Products, Repos/Reverse Repo
  • Understanding / Experience of :
    • Pairing or squaring off deals using WAC, FIFO, and LIFO methodologies
    • Calculate and pass unrealized P&L entries at EOD, using the market rate uploaded from external system
    • Support calculation and settlement of fees incurred in the process of each trade transaction
    • Support calculation of brokerage, Perform trade date accounting, Generate funding memo
    • Generate payment messages on settlement
  • Prior experience in Waterfall and Agile Methodologies preferred
  • Prior experience in JIRA and SharePoint required
  • Ability to present well and communicate clearly
  • Ability to work across departments including IT, Operations and various Front and Back Offices
  • IHS Markets (ClearPar) and WSS, Bloomberg/ experience

Prospect 33 is an equal opportunity employer.

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