Business Analyst - Fixed Income Rates Trading

About Capgemini

Capgemini is a leading global partner in business and technology transformation powered by AI, driving measurable business impact. With nearly six decades of heritage and a diverse team of 420,000 across over 50 countries, Capgemini offers comprehensive services spanning strategy, technology, design, engineering, and operations. The group generated €22.1 billion in global revenues in 2024.

Role Summary

The Business Analyst will focus on a pre-trade application utilized by Sales teams to pre-book and formalize Rates deals. The position requires developing features that enhance Request for Quote (RFQ) workflows, streamline communication between Sales and Traders, and facilitate deal negotiations. Responsibilities also include implementing real-time pricing, validating deals, and ensuring smooth integration with downstream booking systems, collaborating closely with Sales and Trading stakeholders to optimize the full deal lifecycle.

Key Responsibilities

• Conduct and lead workshops to gather and analyze business requirements.
• Work with Product Owners to prioritize tasks and break down requirements into detailed user stories.
• Create detailed Functional Specification documents with clear acceptance criteria ensuring traceability to business needs.
• Analyze current business processes, identify gaps, optimize workflows, and support organizational change management aligned with business goals.
• Identify and specify data sources, mappings, transformations, and maintain data quality and lineage documentation.
• Map application flows, assess system integrations and impacts, and maintain interface documentation.
• Collaborate closely with developers and act as a liaison between business users and technical teams, providing Level 3 functional support for complex issues.
• Define and contribute to testing strategies including behavior-driven development scenarios, integration testing, and user acceptance testing sessions.
• Support production deployment activities, conduct training, prepare training materials, and provide ongoing post-production functional support monitoring for performance and improvements.
• Maintain and share functional knowledge within the team, onboard new members, document functional details, and promote reuse of existing solutions.

Required Qualifications and Experience

• Over 8 years of experience as a Business Analyst in market finance, specifically in Front Office Fixed Income Rates products.
• Comprehensive understanding of Interest Rate Derivatives such as Interest Rate Swaps, Swaptions, Caps/Floors, and FRAs.
• Strong knowledge of pre-trade trading workflows and RFQ systems.
• Experience with Equity products considered an advantage.
• Familiarity with Front Office/Risk management systems like Orchestrade and the MarkitWire platform.
• In-depth knowledge of the trading lifecycle from pre-trade to settlement.
• Experience working with external market data sources such as Bloomberg and Reuters/Refinitiv.
• Proficiency in FPML financial product formats and comprehensive knowledge of static market data including reference data, price data, and market conventions.
• Technical skills including Python for analytics and automation, SQL, and Excel for data analysis, as well as DevOps tools (GitOps, Docker, Kubernetes), and monitoring/alerting tools (Elasticsearch, Kibana).
• Ability to handle complex data structures and conduct data quality assessments.
• Experience using AI-assisted tools such as GitHub Copilot to enhance productivity.
• Understanding of AI/ML basics, prompt engineering, evaluating AI outputs for correctness and security, and identifying AI automation opportunities within existing workflows.

Additional Information

Choosing Capgemini means joining a company that empowers you to steer your career development, supported by a collaborative global community focused on innovation. Capgemini is dedicated to helping leading organizations leverage technology to build a sustainable and inclusive future.