Senior Business Analyst – Front Office Rates (Pre-Trade Platform)

Who we are

Quanteam is a consulting firm specialised in banking, finance and financial markets. We are recruiting a Senior Business Analyst to join our Capital Markets practice in Singapore.

Department and Team

The role sits within a Capital Markets IT department focused on solutions related to Capital Markets: Front Office booking platforms, Risk Management control and regulatory reporting systems, financial product and contract valuation systems, and more. It is the department most directly exposed to the bank's financial operations.

The Sales IT division works across the full value chain to sustain business activity and enable its acceleration, through integration of new financial products and the optimisation and automation of front-to-back business processes.

Position

This role aims to do business analysis on the Sales application, in project mode as well as maintenance, and to support the "run the bank" function. It requires a deep understanding of the nature of business operations, timing of activities and data flowing through internal and external systems. The build and support team continuously works with business users, infrastructure engineers and system managers.

The Business Analyst will work on a pre-trade application used by Sales to pre-book and book Rates deals. Key activities include developing features that facilitate RFQ workflows between Sales and Traders, enabling efficient communication and deal negotiation. The role involves implementing real-time pricing, deal validation logic, and ensuring seamless integration with downstream booking systems. Close collaboration with Sales and Trading stakeholders is essential to enhance the RFQ experience and support the complete deal lifecycle.

Main Responsibilities

Business Requirement Analysis & Workshop Facilitation

Organise and facilitate business workshops to collect and analyse requirements

Collaborate with the Product Owner to prioritise and decompose requirements into detailed user stories

Draft comprehensive Functional Specification documents with clear acceptance criteria

Maintain traceability between business needs and technical implementation

Process Analysis & Change Management

Analyse existing business processes and define optimised target processes

Identify process gaps and transformation opportunities

Define change management needs and support organisational adoption

Ensure alignment between process redesign and business objectives

Data Analysis & System Integration

Identify golden sources of data across the enterprise landscape

Specify data mappings and transformations between systems

Document data lineage and ensure data quality requirements

Support data migration and reconciliation activities

Application Mapping & Impact Analysis

Map application flows and dependencies within the platform ecosystem

Assess project impacts on upstream and downstream system integrations

Coordinate with technical teams to ensure seamless integration

Maintain documentation of system interfaces and data flows

Stakeholder Collaboration & Communication

Maintain regular contact with developers to ensure requirements are well understood and correctly implemented

Act as liaison between business users and technical teams

Provide L3 functional support for complex issues

Foster collaboration between business stakeholders, Product Owner and development team

Testing Strategy & Quality Assurance

Define comprehensive testing strategy aligned with project scope

Contribute user scenarios for BDD (Behavior-Driven Development) activities

Participate actively in integration testing

Organise and conduct User Acceptance Testing (UAT) sessions

Assess functional change impacts on current production SLAs and OLAs

Production Deployment & Support

Participate in production start-up activities and go-live preparation

Define functional prerequisites for deployment and post-deployment validation

Deliver user training sessions and create training materials

Ensure post-production follow-up and provide ongoing functional support

Monitor production performance and gather user feedback for continuous improvement

Knowledge Management & Team Enablement

Build and maintain functional knowledge within the team in partnership with the PO

Provide functional training and onboarding for new team members

Maintain functional documentation and knowledge base for the application

Research existing solutions to avoid duplication and promote reuse

Qualifications and Profile

The successful candidate will definitely have:

Master's or Bachelor's degree in Computer Science / Information Technology / Programming & Systems Analysis / Science (Computer Studies)

8+ years of experience as a Business Analyst in market finance, with specific expertise in Front Office Fixed Income Rates products

Interest Rate Derivatives expertise:

Deep expertise in Interest Rate Derivatives products (Interest Rate Swaps, Swaptions, Caps/Floors, FRAs, etc.)

Strong knowledge of pre-trade trading workflows and RFQ (Request For Quote) systems capture

Understanding of pricing models, yield curves and risk metrics (DV01, duration, convexity)

Knowledge of Rates market conventions and day count conventions

Experience with Equity products is a plus

Trading Systems & Platforms:

Knowledge of Front Office / Risk Management systems (e.g. Orchestrade)

Familiarity with the MarkitWire platform

Understanding of trading lifecycle from pre-trade through settlement

Experience with external data sources like Bloomberg and Reuters/Refinitiv

Market Data & Standards:

Relevant experience with FpML (Financial Products Markup Language) format

Expertise in static market data including reference data, price data and market conventions

Knowledge of data types, sources and uses within financial systems

Technical Proficiency:

Knowledge in Python for analytics and automation

Proficiency in SQL and Excel for data manipulation and analysis

Knowledge of DevOps practices (GitOps, Docker, Kubernetes)

Familiarity with monitoring and alerting tools (Elasticsearch, Kibana)

Ability to work with complex data structures and perform data quality analysis

Communication & Collaboration:

Excellent written and verbal communication skills in an English-speaking environment

Ability to communicate effectively with multi-cultural team members

Strong interpersonal skills and proven team player mentality

Strong stakeholder management and facilitation skills

Experience with Jira or similar issue-tracking systems

AI:

Demonstrated ability to effectively utilise AI-powered tools (e.g. GitHub Copilot) to enhance productivity and problem-solving capabilities

Understanding of AI/ML fundamentals including prompt engineering, model limitations, and best practices for human-AI collaboration

Experience in evaluating AI-generated outputs for accuracy, security, and alignment with business requirements

Ability to identify opportunities for AI integration and automation within existing workflows and processes

Working Hours

8:45am – 6:30pm SGT

On-call rotation with team mates to cover night and week-end support on demand

Additional information

Interviews take place exclusively on-site in Singapore; candidates must already be based in Singapore

Candidates must be eligible to work in Singapore without sponsorship