Business Analyst - OTC Derivatives

New York, NY, United States (Hybrid)285 Fulton StreetNew YorkNYUS

Contract (1 year)

Published 13 days ago

Data Mapping

Trade Workflow Analysis

AI - Enabled Tools

User Acceptance Testing

Derivatives

OTC

At BNY, our culture allows us to run our company better and enables you to grow and succeed. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world’s investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.

Recognized as a top destination for innovators and champions of inclusion, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance, and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.

Job Summary:

We are seeking a Business Analyst with 10+ years of experience and a strong background in OTC derivatives and trade processing to support a large-scale client implementation within a Middle Office platform. This role will focus on analyzing trade data, mapping client source data into internal messaging standards, supporting testing, and helping onboard new products and trade workflows into the platform.

This is a 12-month contract in New York City, working 4 days onsite and 1 day remote, with hours of 8:00 AM–5:00 PM EST.

Key Responsibilities:

• OTC Trade Analysis: Analyze and interpret OTC derivatives trade data and messaging across multiple OMS platforms to support Middle Office trade capture and processing.
• Data Mapping: Perform trade data mapping and transformation from client source data models into internal canonical messaging standards, ensuring data is accurately translated and processed.
• Product & Trade Workflow Analysis: Support the onboarding of new OTC products, asset classes, and trade flows into the Middle Office platform, identifying requirements and documenting end-to-end workflows.
• Cross-Functional Collaboration: Partner closely with Product, Operations, Engineering, Technology, Program, and Client teams to understand requirements, resolve issues, and ensure successful implementation.
• Client Implementations: Support large-scale client implementations and change requests, helping transition new products and trade workflows from onboarding through production.
• User Acceptance Testing: Plan and execute UAT activities, including test case development, execution, defect tracking, issue investigation, and validation of solutions.
• Issue Resolution: Investigate trade processing issues, data anomalies, and messaging discrepancies while working with internal stakeholders to identify and implement solutions.
• Requirements & Documentation: Develop requirements, mapping specifications, workflow documentation, and other materials needed to support product implementation and operational readiness.
• AI & Workflow Innovation: Leverage AI tools to improve requirements gathering, data mapping, workflow analysis, and documentation, including exposure to building AI agents and mapping workflows.

Qualifications:

• 10+ years of professional experience in Product Analysis, Business Analysis, Product Management, or a related discipline
• Strong hands-on experience with OTC derivatives
• Understanding of trade processing within a Middle Office environment

Experience working with modern messaging formats and trade messaging standards within an OTC derivatives environment

• Ability to analyze complex data and translate business requirements into technical requirements and mapping specifications
• Technically minded with the ability to collaborate effectively with Engineering and Technology teams
• Experience with data mapping, requirements gathering, and workflow analysis
• Strong experience supporting UAT and product testing
• Excellent communication and collaboration skills with the ability to work across multiple stakeholder groups
• Bachelor’s degree required

Preferred Experience:

• Experience working with modern messaging formats and trade messaging standards within an OTC derivatives environment
• Experience working across multiple OMS platforms
• Experience with onboarding OTC products, asset classes, and complex trade workflows
• Experience with client implementations within financial services or capital markets
• Experience using AI tools to write requirements, perform mapping, analyze workflows, or build AI agents

Why Join Us:

This is an opportunity to join a major, long-term client implementation within a sophisticated capital markets and derivatives platform. You’ll play a key role in bringing OTC products and trade workflows into production while working alongside experienced Product, Technology, Engineering, and Operations teams.

At BNY, our culture speaks for itself, check out the latest BNY news at:

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Here’s a few of our recent awards:

America’s Most Innovative Companies, Fortune, 2025

World’s Most Admired Companies, Fortune 2025

“Most Just Companies”, Just Capital and CNBC, 202

Pay Rate Range

Min Pay Rate$92

Max Pay Rate$115

CurrencyUSD

Unithourly

USD92115HOUR

Additional Notes

Applications will be accepted on an ongoing basis.

This posting is for a contract assignment with Tundra Technical Solutions to provide services to Bank of New York (BNY). Please note that this is not a full-time employment opportunity. Candidates selected for this role will be engaged as contractors for the specified duration of the project. For any inquiries regarding the terms of the contract or engagement, please contact Tundra Technical Solutions directly.

Benefits Information

Optional benefits offering include medical, dental, vision and retirement benefits via Tundra Technical Solutions.