Business Analyst - Payments/Capital Markets

Summary: The role of Business Analyst focuses on supporting a major financial services programme, specifically requiring expertise in Payments and Capital Markets. The ideal candidate will have experience in trade settlement, payments, and post-trade environments, and will work closely with both business and technology stakeholders. This position is part of a high-performing delivery team aimed at enhancing payment and settlement processes. Strong analytical skills and the ability to produce high-quality documentation are essential for success in this role.

Key Responsibilities:

• Gather and analyse business requirements
• Produce high-quality business and functional documentation
• Map end-to-end payment and settlement processes
• Define functional specifications and payment workflows
• Support system, integration and user acceptance testing
• Work closely with business users, operations, technology teams and external stakeholders
• Support delivery of payment and settlement-related change initiatives

Key Skills:

• Proven Business Analysis experience within Financial Services
• Strong Payments and/or Capital Markets background
• Requirements gathering and documentation
• BRDs, FRDs and User Stories
• Process mapping (As-Is/To-Be)
• Trade lifecycle knowledge (T+0, T+1, T+2)
• Clearing and settlement processes
• Payment workflows and cash movement
• Stakeholder management across business and technology teams
• SIT and UAT support
• Strong analytical and problem-solving skills
• SQL and data analysis (desirable)
• API integrations (desirable)
• SWIFT interfaces (desirable)
• Payment engines (desirable)
• BPMN, Visio or process modelling tools (desirable)
• Investment Banking or Capital Markets experience (desirable)

Salary (Rate): £300 per day

City: Glasgow

Country: UK

Working Arrangements: hybrid

IR35 Status: inside IR35

Seniority Level: Mid-Level

Industry: Finance

Detailed Description From Employer:

We are supporting a major financial services programme and are looking for an experienced Business Analyst with strong Payments and Capital Markets experience to join a high-performing delivery team.

This role is ideal for a Business Analyst who has worked across trade settlement, payments, clearing, custody or post-trade environments and is comfortable working with both business and technology stakeholders.

Essential Skills & Experience

• Proven Business Analysis experience within Financial Services
• Strong Payments and/or Capital Markets background
• Requirements gathering and documentation
• BRDs, FRDs and User Stories
• Process mapping (As-Is/To-Be)
• Trade lifecycle knowledge (T+0, T+1, T+2)
• Clearing and settlement processes
• Payment workflows and cash movement
• Stakeholder management across business and technology teams
• SIT and UAT support
• Strong analytical and problem-solving skills

Knowledge Required

• Trade settlement payments
• Margin payments
• Corporate actions
• Delivery vs Payment (DvP)
• Settlement and reconciliation processes
• RTGS and Net Settlement
• SWIFT MT messages (MT103, MT202 etc.)
• ISO 20022/MX messaging
• Nostro/Vostro accounts
• Liquidity management
• CCP and CSD environments

Desirable Skills

• SQL and data analysis
• API integrations
• SWIFT interfaces
• Payment engines
• BPMN, Visio or process modelling tools
• Investment Banking or Capital Markets experience

Responsibilities

• Gather and analyse business requirements
• Produce high-quality business and functional documentation
• Map end-to-end payment and settlement processes
• Define functional specifications and payment workflows
• Support system, integration and user acceptance testing
• Work closely with business users, operations, technology teams and external stakeholders
• Support delivery of payment and settlement-related change initiatives