Iris Software is hiring a Senior Business Analyst to join our Global Markets technology initiatives. We are looking for a professional with strong domain knowledge in Repo Trading, Collateral Management, and Securities Financing to help drive strategic projects.
What You'll Do
- Elicit and document business requirements for Repo trading (Bilateral & Sponsored), Collateral Management, and Tri-Party services.
- Analyze and define the cashflow lifecycle across repo trades, including opening/closing legs, interest calculations, margin movements, and settlement flows.
- Document margin-related cash movements (Variation Margin, Initial Margin) under the UMR (Uncleared Margin Rules) framework.
- Work with Treasury and Operations teams to define liquidity, funding, and intraday cash position reporting requirements.
- Define functional specifications for interest accrual & repo rate calculations, cash settlement instructions, and reconciliation of trade vs cash breaks.
- Create BRDs, FRDs, user stories, process flows, and data mappings.
- Work closely with Front Office, Operations, Risk, and Technology teams to translate business needs into functional specifications.
- Support SIT/UAT cycles and ensure regulatory & operational compliance requirements are met.
What We're Looking For
- Strong understanding of the Repo lifecycle (trade capture, settlement, margining, collateral substitution).
- Knowledge of Tri-Party Repo and Sponsored Member models.
- Proven ability to analyze and define cashflow lifecycles across repo trades, including opening/closing legs, interest calculations, margin movements, and settlement flows.
- Understanding of UMR and initial/variation margin concepts.
- Experience with Capital Markets platforms such as Calypso, Murex, or Broadridge is a plus.
- Strong SQL and data analysis skills.
- Excellent stakeholder communication skills.
Nice to Have
- Experience in Custodian Banks or Investment Banks.
- Exposure to regulatory reporting & collateral optimization tools.
At Iris, every role is more than a job — it’s a launchpad for growth. Our Employee Value Proposition, “Build Your Future. Own Your Journey.” reflects our belief that people thrive when they have ownership of their career and the right opportunities to shape it. We foster a culture where your potential is valued, your voice matters, and your work creates real impact. With cutting-edge projects, personalized career development, continuous learning and mentorship, we support you to grow and become your best — both personally and professionally.
