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.