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 complex current-state applications and processes, identify opportunities to simplify and modernize them, and define future-state requirements that guide delivery teams. The role involves investigating evolving legacy systems, often with limited documentation, and contributing to scalable solutions that deliver long-term business value. The analyst will gather and document business and functional requirements, analyze workflows and data flows, support Agile delivery, and use SQL and data analysis to investigate application behavior and validate requirements. The position also contributes to workflow and user experience improvements, project planning and risk review, process controls, and mentoring junior team members. System documentation must follow company standards, governance practices, and risk/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 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 translate complex concepts for 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.
- Conduct current-state analysis of Clearance & Settlement applications, workflows, data flows, and business processes.
- Identify opportunities for simplification, automation, and modernization in 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 techniques 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 to improve efficiency and reduce risk.
- Mentor junior team members on requirements analysis, documentation standards, and project delivery best practices.
- Create and maintain system documentation aligned with company standards, governance practices, and risk/control expectations.
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 physical, financial, and emotional well-being.
- Flexible/hybrid work model of three days onsite and two days remote.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
