Business Analyst – Collateral Management (Broker Dealer Back Office)

Our Financial Services client in Midtown New York City is seeking a highly experienced and motivated Business Analyst to support its Broker Dealer Back Office, with a strong focus on Transaction Lifecycle Management (TLM) and collateral management. This role is responsible for analyzing, documenting, and enhancing collateral workflows across multiple asset classes, ensuring effective counterparty risk mitigation, operational efficiency, and collateral optimization. The ideal candidate brings deep expertise in collateral processes, margin methodologies, tri-party arrangements, and trade lifecycle operations. Experience with SmartStream TLM or similar collateral management platforms is strongly preferred. Key Responsibilities 1. Collateral Management & Risk Mitigation • Ensure collateral pledged is properly verified, validated, and managed to mitigate counterparty default risk. • Analyze and document end-to-end collateral workflows, including agreement execution, collateral posting, and settlement. • Partner with risk and operations teams to ensure collateral adequacy and alignment with risk mitigation strategies. 1. Collateral Valuation & Monitoring • Support mark-to-market valuation processes to maintain sufficient collateral coverage. • Document and analyze margin call workflows, including triggers, thresholds, and escalation paths. • Define requirements for automated monitoring and alerting tools to identify collateral shortfalls. 1. Margin Calls & Collateral Optimization • Analyze business requirements for margin call calculations, dispute resolution, and substitution processes. • Support collateral optimization initiatives to maximize efficient use of securities and cash across funding and repo activities. • Document collateral substitution agreements and counterparty workflows. 1. Tri-Party Agreements & Operational Efficiency • Provide business analysis support for tri-party collateral arrangements with custodians and third-party service providers. • Identify opportunities for automation, process improvement, and operational efficiency. • Support configuration and enhancement of TLM systems to streamline processes from trade execution through settlement and reporting. 1. Technical Support & System Analysis • Assist operations teams in resolving system issues such as trade capture errors, collateral discrepancies, and margin calculation problems. • Collaborate with technology teams to troubleshoot issues, implement enhancements, and support system integrations. 1. Business Analysis & Documentation • Develop and refine business requirements for system enhancements and new functionality. • Maintain comprehensive documentation, including workflows, system configurations, and operating procedures. • Work with stakeholders to gather requirements and produce technical specifications for TLM-related solutions. Required Skills & Experience • Strong understanding of TLM concepts and collateral management processes. • Knowledge of counterparty risk, margin methodologies, and collateral optimization strategies. • Experience across multiple product types: fixed income, equity, repo, tri-party, derivatives, and securities lending. • Understanding of mark?to?market valuation, margin call workflows, and collateral substitution. • Familiarity with tri-party structures and custodian bank roles. • Strong analytical skills and understanding of operational workflows. Experience with: • Collateral management systems (SmartStream TLM, Broadridge, Calypso, Murex, etc.) • Trade lifecycle systems (Broadridge BPSA, IMPACT A) • Market/reference data tools (S&P Global WSO, ClearPar) • Excellent problem-solving skills and attention to detail. • Strong communication and interpersonal skills; ability to work cross-functionally. • Experience with self?funding strategies and repo operations. • Knowledge of regulatory frameworks: Dodd?Frank, EMIR, Basel III, UMR. • Experience with transformation or greenfield system implementations. • Understanding of automation and technology solutions for operational efficiency. • Experience with Agile methodologies. • Proficiency in SQL for data extraction and analysis. • Knowledge of securities operations, including settlement, custody, and reconciliation. Education & Experience • Bachelor’s degree in Finance, Business Administration, Computer Science, or related field. • 5+ years of experience in collateral management, operations, or business analysis within a broker-dealer or investment banking environment.