Business Systems Analysis Principal

DTCC • Jersey City, NJ

1d • $95,000 - $180,000 • Hybrid

About The Position

The Information Technology group delivers secure, reliable technology solutions that enable DTCC to be the trusted infrastructure of the global capital markets. The team delivers high-quality information through activities that include development of essential, building infrastructure capabilities to meet client needs and implementing data standards and governance. The Strategic Management & Governance family is responsible for serving as a dedicated technology resource for advancing the firm's business opportunities and providing industry thought leadership for leveraging new technologies. Manages significant programs and projects including strategic change management, new business and product initiatives, process re-engineering, and all general business management initiatives. The Business Systems Analysis role specializes in acting as the primary interface between Technology and business / product areas supporting Financial Risk Management systems across market/liquidity/credit risk, identifying, documenting and analyzing business requirements, creating detailed project and process specifications, coordinating with project teams.

Requirements

• Minimum of 8 years of related experience
• Bachelor's degree preferred or equivalent experience
• 7+ years of hands-on business systems analysis experience in risk, valuation, clearing, banking, asset management, or a comparable capital markets environment, with demonstrated ownership of both analytical work and detailed requirements definition.
• Strong pricing and valuation domain expertise including cleared position valuation, price source hierarchy, fallback logic, price validation, tolerance checks, stale or thinly traded securities, corporate actions, and governance for manual marks and overrides.
• Deep understanding of liquidity and closeout risk concepts including margin period of risk, holding period assumptions, liquidity add-ons, concentration measures, market impact, bid-ask cost, default management, auction mechanics, and liquidity stress testing.
• Product knowledge across at least one cleared asset class such as equities, fixed income, or repo, with a practical understanding of how instruments are priced and where valuation uncertainty or fragility may arise.
• Exceptional specification discipline with the ability to produce clear calculation specifications, worked numerical examples, explicit edge cases, and acceptance criteria that are precise, testable, and implementation-ready.
• Strong data and analytical capability with advanced SQL skills and practical proficiency in Python or advanced Excel to independently reconcile production outputs, validate methodology prototypes, and perform root-cause analysis.
• Fluency in time, versioning, and point-in-time data semantics including as-of reconstruction, price versioning, supersession, and time-series alignment across multiple sources and time zones, particularly where restated prices can affect previously published results.
• Proven agile delivery partnership with experience writing user stories and acceptance criteria, working within delivery squads, and collaborating effectively with engineering, QA, business users, and UAT stakeholders.
• Regulatory and model validation awareness including familiarity with liquidity risk management expectations under SEC Rule 17Ad-22, CPMI-IOSCO principles, and the documentation and evidence needed to support model validation reviews.
• Credibility across business, methodology, and technology stakeholders with the judgment to clarify ambiguous methodology requirements, drive alignment, and translate decisions into requirements engineering can implement with confidence.

Responsibilities

• Owning requirements quality from business vision through delivery.
• Elicit, analyze, document, and validate business requirements.
• Ensure functional requirements are complete, testable, and aligned with business objectives.
• Lead workflow design and contribute to user experience design, where applicable
• Collaborate with project team, product management, and stakeholders on all aspects of the project
• Review input provided to developers and Test Engineers ensuring System Integration and User Acceptance Test scripts properly reflect business and functional requirements
• Participate in reviews of SIT results and defect reviews; support user acceptance testing as needed
• Review system documentation to ensure compliance with company-specific best practices and standards
• Review recommended controls to ensure remediation of perceived risks
• Providing data-driven analysis and production issue support
• Supporting audit, and control obligations.
• Serves as a dedicated technology resource for advancing DTCC’s business opportunities and providing industry thought leadership for leveraging new technology.
• The goal of this new department is to partner internally with IT, our business and regulatory divisions and externally with clients, regulators, and fintech vendors, to help build new platforms and business models to advance DTCC’s mission to support the financial markets.

Benefits

• Competitive compensation, including base pay and annual incentive
• Comprehensive health and life insurance and well-being benefits, based on location
• Pension / Retirement benefits
• Paid Time Off and Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.

What This Job Offers

• Job Type: Full-time
• Career Level: Principal
• Education Level: Associate degree