Business Analyst – Collateral Management

About the Position

We are seeking a Business Analyst – Collateral Management to join our team in Remote India. The role will focus on defining and delivering the Securities Services collateral management capability, with a primary focus on the planned use of Broadridge Collateral Management (SFCM).

Responsibilities

• Translate requirements for collateral onboarding, acceptable instruments, eligibility rules, haircuts, margins, concentration checks, collateral valuation, and exposure monitoring into BRD / FSD / user stories and traceable acceptance criteria.
• Define data and integration requirements for positions, trades, prices, limits, and exposures across the custody platform, Broadridge SFCM, market / static data sources, and other bank systems as applicable.
• Develop process maps, data lineage, reconciliation approach, and control design for MT535 / API / manual position feeds, incremental trade updates, mark-to-market valuation, and collateral value recalculation.
• Support decisions on tactical versus target-state solution design, including what can be handled through SFCM configuration versus items requiring enhancement, integration, or project funding.
• Drive UAT preparation and execution, including test scenarios for collateral value, exposure / LTV calculation, breach alerts, margin-call triggers, dashboard / reporting outputs, and operational hand-offs.
• Responsible for defining, challenging, and baselining BA artefacts including scope, requirements, process maps, user stories, traceability matrix, UAT scenarios, and business sign-off packs.
• Escalates unresolved scope ambiguity, regulatory / control gaps, data ownership issues, integration risks, vendor dependency, and operational readiness concerns in a timely manner.

Requirements

• 10+ years of overall experience, including 5+ years as a Business Analyst in banking, securities services, custody, capital markets, or collateral management.
• 3+ years hands-on experience in Securities Services / Custody transformation, collateral management, securities finance, GCF, agency lending, lending against custody assets, or similar business domains.
• Exposure to Broadridge SFCM / CMS, collateral platforms, securities finance systems, custody platforms, reconciliation platforms, limit / collateral systems, or market / static data integrations is strongly preferred.
• Strong understanding of the collateral lifecycle: onboarding, position import, eligibility, haircut / margin rules, valuation, exposure calculation, LTV thresholds, breach alerts, margin calls, reporting, and reconciliation.
• Working knowledge of relevant data flows and messaging such as SWIFT MT535, trade / position feeds, APIs, pricing feeds, master / static data, and downstream reporting extracts.
• Proven ability to create BRDs, FSDs, process maps, operating models, data mapping, interface specifications, user stories, UAT test packs, and requirement traceability matrices.
• Experience engaging vendors and SMEs to perform fit-gap analysis, demo preparation, configuration assessment, open-question tracking, and delivery dependency management.
• Strong stakeholder management across business, operations, credit / risk, compliance, technology, architecture, and vendor teams.
• Good understanding of SDLC, waterfall, and agile delivery practices; able to operate in structured governance while supporting iterative design validation.
• Strong analytical, communication, and documentation skills with the ability to convert complex business / product requirements into practical technology deliverables.

Technical Competencies

• Collateral management
• Securities Services / Custody
• Securities finance
• Exposure and LTV monitoring
• Data mapping
• Interface analysis
• Reconciliation design
• UAT management
• Vendor fit-gap analysis

We Offer

• Remote work from India
• Competitive salary
• Opportunity to work with leading technology and platforms

About the Company

Luxoft is a global leader in digital transformation and technology services, providing innovative solutions to clients across various industries. Join our team and contribute to shaping the future of financial services.