Job Summary
We are seeking a Senior Business Analyst with strong domain expertise across Capital Markets and Fund Accounting, with deep involvement in Trade Lifecycle Processing  and trade date–driven post-trade workflows. The role requires hands-on experience in business and systems analysis, Scrum delivery exposure, and strong SQL skills. The candidate will work closely with Operations, Product Owners, IT development teams, QA Automation, and Delivery leadership to drive clear requirements, identify system and process gaps, and enable effective execution of business change initiatives. Very strong communication and interpersonal skills are critical for success in this role.

Key Responsibilities
Act as a domain-focused Business Analyst supporting Capital Markets initiatives across Middle office, Backoffice applications.

• Provide deep functional support for Trade Lifecycle Processing, including trade validation, confirmation, settlement, reconciliation, and exception handling

• Support Middle office, Backoffice and custody workflows

• Analyze trade date–driven processing and its impact on downstream settlement, claims, and reconciliation systems

• Work closely with Operations teams to understand current-state processes, pain points, and control gaps

• Analyze end-to-end functional flows across multiple upstream and downstream systems

• Identify, document, and analyze system and process gaps for new business, regulatory, or operational requirements

• Perform detailed impact analysis and gap analysis between systems for new or enhanced functionality

• Prepare high-quality Business Specification Documents (BSD), functional specifications, and requirement artefacts for application teams

• Create clear process flow diagrams, system flow diagrams, and data flow diagrams

• Document business rules, validations, exception handling, data dependencies, and processing timelines

• Collaborate closely with Product Owners, IT Developers, QA Automation teams, Delivery Managers, and Technical Leads

• Support Agile delivery through backlog grooming, sprint planning, requirement clarifications, and sprint reviews

SQL & Data Analysis
 

• Hands-on SQL usage to validate business scenarios and trade lifecycle events

• Analyze and reconcile data across trade capture, settlement, claims, and downstream reporting systems

• Support Operations and QA teams with investigation and root-cause analysis

• Understand data models, relationships, and dependencies to assess system impact and data consistency

• Exposure to User Acceptance Testing (UAT) coordination and defect triage

• Experience in regulated, high-volume capital markets or financial services environments

• Working knowledge of JIRA and Confluence for requirements, documentation, and delivery tracking

Agile / Scrum Exposure
 

• Strong practical exposure to Agile / Scrum delivery models

• Work closely with Product Owners to refine, prioritize, and clarify requirements

• Support backlog grooming, sprint planning, and sprint review activities

• Break down business requirements into user stories with clear and testable acceptance criteria

• Act as a bridge between business stakeholders and scrum delivery teams

Stakeholder & Communication Management
 

• Engage effectively with Operations teams, Product Owners, and senior business stakeholders

• Collaborate closely with IT Developers, Automation Testers, Delivery Managers, and Engineering Leads

• Ensure consistent, clear, and timely communication across business and technology teams

• Proactively resolve requirement ambiguities, dependency risks, and delivery misalignments

• Support UAT coordination, production readiness activities, and post-release clarifications

Must-Have Skills
 

• Strong domain experience in Fund Accounting, Middle office , including Trade Lifecycle Processing

• Experience analyzing trade date–driven post-trade and settlement workflows

• Proven experience in business and functional requirement analysis

• Hands-on experience preparing BSDs, functional specifications, and flow diagrams

• Strong SQL skills for data analysis, validation, and reconciliation

• Experience working in Agile / Scrum delivery environments

• Excellent verbal and written communication skills

• Strong interpersonal, facilitation, and stakeholder management capabilities

Experience & Qualifications
 

• Bachelor’s degree in Business, Technology, Finance, or equivalent practical experience

• 10+ years of experience as a Business Analyst in enterprise-scale systems

• Strong background in Fund Accounting, post-trade processing, or Capital Markets

• Experience working with cross-functional and globally distributed teams

Work Requirement

• This role requires adherence to State Street India’s work‑from‑office policy and is not eligible for a fully remote arrangement.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Join us if you want to grow your technical skills, solve real problems and make your mark on our industry.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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