Back to jobs
OTC Derivatives Business Analyst
Successfully
Mumbai, India
Business Analysis
BCM Industry
16/06/2026
Req. VR-122506
Our client is a leading commodity trading and logistics company.
They are committed to building and maintaining world-class IT applications and infrastructure.
The Trading IT group directly supports the trading business, and this business has started a far-reaching programme to enhance and improve its trading applications using an innovative architecture to support business growth across the full range of business lines and geographies, and to enable the sharing of systems across different businesses.
This programme is aimed at delivering functional capabilities, enhancements, and technical infrastructure upgrades to enable continued business growth and enhanced profitability for the firm.
Client is looking to replace existing reconciliation system Gresham with Exceptor which will be enterprise-wide recon platform across FO, MO and BO.
Key Responsibilities
Business Engagement & Stakeholder Management
Act as the primary point of contact for business users
Engage with front-to-back office stakeholders to understand requirements and pain points
Facilitate workshops, discussions, and walkthroughs with business and IT teams
Build strong relationships to drive alignment and timely decision-making
Requirements Gathering & Analysis
Elicit, analyze, and document business and functional requirements
Translate business needs into clear, actionable requirements for implementation in Xceptor
Ensure requirements are well understood by both IT and vendor teams
Process Mapping & Gap Analysis
Document as-is processes in Gresham (reconciliation workflows, matching rules, exception handling)
Define to-be processes in Xceptor aligned with business objectives
Perform detailed gap analysis and recommend improvements
Migration & Implementation Support
Support data mapping, reconciliation logic migration, and workflow configuration
Ensure accurate translation of business rules from Gresham to Xceptor
Collaborate closely with IT teams during build and implementation phases
Testing & Validation
Define and execute User Acceptance Testing (UAT) scenarios
Validate reconciliation outputs and ensure accuracy of migrated processes
Work with business users to obtain sign-offs
Documentation & Governance
Maintain high-quality documentation including BRDs, FRDs, process flows, and data mappings
Ensure traceability of requirements throughout the project lifecycle
Support reporting and governance activities
Must have
Domain Expertise
Strong knowledge of OTC derivatives (e.g., swaps, options, forwards, lifecycle events)
Good understanding of trade lifecycle, reconciliation processes, and financial products
Business Analysis Skills
Proven experience in requirements gathering, process mapping, and gap analysis
Experience working on migration or transformation programs
Strong documentation skills (BRD, FRD, user stories, workflows)
Technical Understanding
Familiarity with reconciliation platforms like Gresham (Clareti) or similar tools
Exposure to Xceptor or data automation platforms is a strong advantage
Basic understanding of data structures and formats (CSV, XML, etc.)
Soft Skills
Excellent stakeholder management and communication skills
Ability to work effectively in a co-located, collaborative environment
Strong analytical thinking and problem-solving capabilities
Ability to manage multiple stakeholders and priorities
Nice to have
Relevant BA certifications (CBAP, CCBA, or equivalent) are a plus
Languages
English: C1 Advanced
Seniority
Senior
Mumbai, India
Req. VR-122506
Business Analysis
BCM Industry
16/06/2026
Req. VR-122506
Apply for OTC Derivatives Business Analyst in Mumbai
*Indicates a required field
