Business Analyst
Company: Phaxis - Financial Services
Location: New York City
Posted on: January 28, 2026
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Job Description:
Job Description Job Description A global financial institution
in Midtown, NYC is looking to hire a professional Business Analyst
with Sponsored Repo experience to join their team and work on a
long-term project (hybrid position). Apply now for more details!
Key Responsibilities: Lead business analysis for US Sponsored Repo
testing and production rollout initiatives. Define acceptance
criteria, test scenarios, and validation frameworks for sponsored
repo workflows. Coordinate UAT activities with trading desks,
operations, and technology teams. Document defects, track
remediation, and verify fixes across test cycles. Elicit and
document business requirements for Canada Sponsored Repo market
expansion. Analyze differences in US vs. Canadian repo market
conventions, settlement cycles, and regulatory requirements. Define
functional specifications for Sponsored GC (Triparty) product
enhancements. Maintain requirements traceability matrices linking
business needs to system capabilities. Partner with repo traders,
collateral managers, and middle-office operations to understand
workflows. Facilitate working sessions with technology, compliance,
and risk teams. Present analysis findings, options, and
recommendations to senior stakeholders. Serve as primary liaison
between business units and delivery teams during rollout phases.
Map end-to-end sponsored repo lifecycle: trade capture, netting,
settlement, margin calls, close-outs. Identify process
inefficiencies, manual workarounds, and automation opportunities.
Document current-state vs. future-state workflows with swim-lane
diagrams. Recommend operational improvements aligned with industry
best practices. Define data lineage and reconciliation requirements
for sponsored repo positions. Specify reporting needs for internal
risk monitoring and regulatory submissions. Validate data accuracy
in pre-production and production environments. Support creation of
operational dashboards and MI reporting. Required Qualifications: 5
years as a Business Analyst in capital markets, specifically in
repo or collateral financing. Strong understanding of sponsored
repo mechanics: principal vs. agency, netting agreements, margin
frameworks. Working knowledge of US repo markets (FICC, bilateral
settlement) and triparty infrastructure (BNY Mellon, Euroclear).
Familiarity with Canadian repo market structure and settlement
conventions. Understanding of collateral management: haircuts,
substitution rights, mark-to-market processes. Proficiency in
requirements elicitation techniques: interviews, workshops, process
mapping, user stories. Experience with testing methodologies:
functional, integration, regression, UAT. Strong documentation
skills using Confluence, JIRA, or equivalent tools. Comfortable
with SQL for data validation and analysis. Familiarity with repo
trading platforms (e.g., Bloomberg REPO, Client, proprietary
systems). Ability to decompose complex repo workflows into clear,
testable requirements. Pay: $70-$80/hr
Keywords: Phaxis - Financial Services, New York , Business Analyst, IT / Software / Systems , New York City, New York
