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Business Analyst - Custody & Settlement

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Business Analyst - Custody & Settlement

  • Permanent
  • Full time
  • Mumbai, Tamil Nadu, India
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Last update 11.11.2026

Job Title: Assistant Manager – Business Analyst

Department: ISPL 2S – Market & Financing Services- MFS, CIB2S IT

About Business line/Function: 

Market and Financing Services (MFS): The MFS IT team is supporting CIB2S Clients on the following financial services - Foreign exchange, Cash management, Financing, Agency collateral management, Securities lending, Independent valuation (of OTC derivatives), and Dealing.

The MFS IT team works on a wide range of projects and platforms [supporting the above services], by providing Application development arising from business, regulatory changes and re-engineering of existing applications to improve functionality and efficiency.

Position Purpose: 

The position necessitates to analyse business requirements and to provide functional solutions from scratch for a new application. The position requires a good domain [Forex/ Hedging] knowledge with high analytical skills and attention to details.

The role also requires to take full ownership and control for defining and documenting the business behavior, articulate the BDD test cases for each User Story prioritized and ensuring the requirements are translated into the application to the expectations of the Business. It involves coordination with other locations of BNP Paribas and managing multiple stakeholders.

Responsibilities

Direct Responsibilities

· Strong domain knowledge on Capital Markets with expert insights in Forex business with at least 5+ years of experience in this domain

· Expert knowledge in Custody & Settlement, Forex Hedging is advantageous

· Analyse business requirements and provide functional solutions for Forex applications. 

· Supports a product owner by helping them analyse the business domain, stocking the product backlog, and grooming the product backlog.

· Ensures deliverables created as per Quality Management practices followed by the company, or as outlined for the project/release

· Work with business users to understand the requirements & help the IT team to develop good quality deliverables

· Prepare detailed functional specifications without ambiguity

· Help the developer to reduce defects in IST/ UAT/production. Quality Focus is high.

· Identify risks and provide mitigation plan. Escalate issues on timely manner to the leads. 

· Work Autonomously by taking ownership.

· Maintain very good working environment, Team spirit and Knowledge Sharing.

· To have a strong Customer Focus to provide a professional support service to both internal and external client.

Contributing Responsibilities

· Good hands-on experience on Agile practices

· Gain application, business, and functional knowledge and develop team members by providing guidance, coaching and knowledge sharing

· Analyse -business, production, security, and system – requirements, study their impacts and contributes to estimation

· Help testing team in performing NRT and test case preparation and execution

· Quick to adopt and apply AI tools to enhance efficiency and improve outcomes.

Technical & Behavioral Competencies

· Experience on Forex applications

· Exposure to Capital Markets Functional knowledge

· Good communicator, fast learner & a Team player

· Attention to detail, disciplined and reliable

· Proactive to identifying root cause and proposing practical solutions

· Ensuring accuracy in documentation

· Clear thought process and sound decision making under pressure

· Proactive, confident, and high motivation levels

· Fluent in using SharePoint, MS Word, MS Visio, Power BI & PowerPoint.

Specific Qualifications:

· Minimum 5 years of experience along with bachelor’s degree - in management, finance, science, economics, related field or equivalent experience.

· Prior experience in similar domain as IT Business Analyst.

Skills Referential (Required knowledge, skills and abilities)

Technical Skills:

· Advanced Excel

· Visio

· PowerBi (good to have)

Behavioral Skills: 

· Communication

· Analytical Ability

· Team Player

Education Level: Bachelor Degree or equivalent

Location: Chennai

About BNP Paribas Group:

BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability.

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop best-in-class solutions.

Commitment to Diversity and Inclusion

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.