Business Analyst

Business Analyst - Derivatives & Aladdin (Middle Office Change)

• Location: London - 2 days / week
• Start: ASAP / Short notice preferred
• Engagement: Contract with the view to go permanent
• Rate: £500 (Inside IR35)

Overview

We are supporting a major investment management client with a series of middle-office transformation initiatives focused on OTC derivatives and collateral . The role sits at the intersection of operations, technology, and change , with a strong emphasis on Aladdin and front-to-back derivatives lifecycle knowledge.

This role will suit a Business Analyst or Senior Analyst who has grown up in derivatives operations and transitioned into change, transformation, or platform implementation work.

Key Responsibilities

• Act as a Business Analyst supporting middle-office change initiatives across OTC derivatives
• Work closely with operations, technology, and front-office stakeholders to analyse and improve front-to-back derivatives workflows
• Lead requirements gathering, process mapping, gap analysis, and solution design
• Support Aladdin-related initiatives , including system migrations, enhancements, and operating model changes
• Provide SME input across:
• Trade lifecycle (capture, confirmation, settlement)
• Collateral and margining (bilateral & cleared)
• Post-trade events and reconciliations
• Translate business requirements into clear functional specifications, user stories, and test scenarios
• Support UAT, implementation, and go-live activities
• Contribute to regulatory and operational initiatives (e.g. EMIR, uncleared margin rules, Basel III)
• Act as a bridge between business users, vendors, and technology teams

Required Experience

• Proven experience in a Business Analyst / Change / Transformation role within asset or investment management
• Strong hands-on knowledge of OTC derivatives , ideally including IRS, CDS, FX, or equity derivatives
• Solid understanding of middle-office or post-trade operations
• Experience working on systems change or platform implementations
• Comfortable operating as a subject matter expert , not just a documenter
• Excellent stakeholder engagement and communication skills

Highly Desirable

• Aladdin experience (particularly derivatives, collateral, or middle-office functionality)
• Experience with collateral platforms and vendors such as DTCC, Acadia, Markit, TriResolve, TriOptima
• Background in derivatives operations before moving into change or BA work
• Exposure to large transformation or operating model change programmes