Phaxis ยท 2 months ago
Business Analyst IV
New York, NY
Full-time
Onsite
Senior Level
$80/hr - $90/hr
5+ years expPhaxis is seeking a highly experienced and motivated Business Analyst to join their Broker Dealer Back Office team, focusing on the Client ICI Allocation process. The role involves analyzing allocation processes, ensuring reporting flows, supporting reconciliations, and collaborating with IT teams for system enhancements.
DeliveryHuman ResourcesStaffing Agency
Responsibilities
Ensure all Allocation reporting messages flow to Client ICI from MUFG internal system
Analyze and document replacement of allocation message flow with Client ICI
Analyze and document new allocation message flow from Client ICI to Client Trace
Support EOD Reconciliation processe to ensure Position (block) level reconciles between internal affirmation systems vs BPS positions
Support Intellimatch Reconciliation process to ensure Position (block) level reconciles between internal affirmation systems vs Murex positions
Provide technical assistance to operations teams to resolve system-related issues
Collaborate with IT teams to troubleshoot technical issues, implement system enhancements, and support system integrations
Author and analyze functional requirements for system enhancements and new functionality
Develop and maintain comprehensive business process documentation, including workflow diagrams, system configurations, and operational procedures
Collaborate with stakeholders to gather requirements and develop technical specifications for Client ICI solutions
Design and support reports for allocations, including bulk positions and reconciliations
Analyze data to identify trends, discrepancies, and areas for process improvement in Fixed Income Allocation workflows
Identify areas for process improvement in collateral management operations and develop solutions to support business efficiency and effectiveness
Collaborate with stakeholders to implement process changes, monitor results, and ensure continuous improvement
Qualification
Required
Bachelor's degree in Finance, Business Administration, Computer Science, or a related field
5+ years of experience in allocations, operations, or a related field within a broker-dealer or investment banking environment, with a focus on business analysis
Strong understanding of Client allocation concepts and message flow processes
Business knowledge of Fixed Income products
Strong understanding of business processes, operational workflows, and analytical skills
Experience with Trade management systems (e.g., Bloomberg, Client ICI) and Trade lifecycle systems (Client/Intellimatch)
Excellent analytical and problem-solving skills with the ability to analyze complex allocation scenarios
Strong attention to detail and ability to work accurately in a fast-paced environment
Excellent communication and interpersonal skills with the ability to work with cross-functional teams
Preferred
Experience with or understanding of allocation application systems is a strong plus
Understanding of automation and technology solutions for allocation operational efficiency
Experience with agile methodologies and future-ready technologies
Proficiency in SQL for data extraction and analysis
Knowledge of securities operations, including settlement, custody, and reconciliation processes
Company
Phaxis
Phaxis is one of the nation's leading recruiting and consulting firms.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Seth Friedland
Co-Founder and CEO
E
Erik DiGiacomo
President
Company data provided by crunchbase