Senior Business Systems Analyst (Modernization & Transformation)
About The Position
The Senior Business Systems Analyst will support DTCC’s modernization of critical Clearance & Settlement platforms used in the securities processing lifecycle. Working across Business, Product, and Technology, the analyst will examine current systems and processes, identify opportunities to simplify and modernize them, and define future-state requirements for delivery teams. The role involves investigating legacy applications with limited documentation, resolving ambiguity, and helping shape scalable solutions that deliver business value. The analyst supports Agile delivery by translating business needs into functional requirements and documentation, using SQL and data analysis to investigate application behavior, and collaborating with stakeholders and delivery teams. The role also includes guiding junior team members and maintaining documentation aligned with company standards, governance practices, and risk and control expectations.
Requirements
- Bachelor’s degree or equivalent experience.
- 6–8+ years of experience as a Business Systems Analyst, Business Analyst, or in a similar role supporting complex technology initiatives.
- Strong experience gathering, analyzing, and documenting business and functional requirements.
- Experience working in Agile environments using Scrum, Kanban, Jira, or similar tools and methodologies.
- Strong SQL skills, including joins, unions, data analysis, and query troubleshooting.
- Experience with relational databases such as Oracle or Db2.
- Proficiency with Microsoft Excel, including Pivot Tables, VLOOKUP/XLOOKUP, formulas, and data manipulation.
- Ability to work with multiple stakeholders to analyze business needs, document requirements, and drive alignment across teams.
- Strong written and verbal communication skills, including the ability to explain complex concepts to business and technical audiences.
Nice To Haves
- Experience supporting modernization, transformation, or legacy platform migration initiatives.
- Familiarity with securities processing, clearance, settlement, or financial services operations.
- Familiarity with Mainframe or z/OS environments.
- Experience using AI-enabled productivity or code analysis tools such as Microsoft Copilot, Amazon Q, or Kiro.
- Experience working in environments with limited documentation and multiple subject matter experts.
Responsibilities
- Partner with Product Managers, business stakeholders, technology teams, and delivery squads to gather, analyze, and document business and functional requirements.
- Analyze current-state Clearance & Settlement applications, workflows, data flows, and business processes.
- Identify opportunities to simplify, automate, and modernize complex legacy environments.
- Translate business needs into functional specifications, process flows, workflow diagrams, use cases, and supporting documentation.
- Collaborate with cross-functional teams to validate findings, challenge assumptions, and align on future-state solutions.
- Support Agile delivery by refining requirements, clarifying business logic, and providing development teams with information needed for execution.
- Use SQL and data analysis to investigate application behavior, validate requirements, and support decision-making.
- Lead workflow design discussions and contribute to user experience improvements where applicable.
- Review effort estimates, timelines, risks, and dependencies with project teams and stakeholders.
- Identify process gaps, control opportunities, and automation opportunities that can improve efficiency and reduce risk.
- Mentor junior team members on requirements analysis, documentation standards, and project delivery practices.
- Create and maintain system documentation in accordance with company standards, governance practices, and risk and control expectations.
Benefits
- Competitive compensation, including base pay and annual incentive.
- Comprehensive health and life insurance and well-being benefits, based on location.
- Pension and retirement benefits.
- Paid time off, personal/family care, and other leaves of absence.
- Flexible/hybrid work arrangement with three days onsite and two days remote.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Senior
