eFinancialCareers

• Company

  Markit

• Location

  New York, NY, 10041

• Compensation

  Salary Commensurate with Experience

• Position Type

  Permanent

• Employment type

  Full time

• Updated

  12 Oct 2009

• eFC Ref no

  575867

Markit seeks a Senior Business Analyst/Tech Writer with a minimum of four years experience in requirements gathering, creating functional requirements specifications, user guides, on boarding documents, user testing, and product rollout to work within its Trade Manager Group.

Company overview

MarkitSERV is a new company formed between Markit and The Depository Trust & Clearing Corporation (DTCC).

MarkitSERV combines the flagship electronic trade confirmation, position reconciliation and related workflow platforms from its parent companies to provide a single gateway for over-the-counter (OTC) derivative transaction processing globally. Our combined solution helps to reduce operational risk, streamline processing and improve the safety and certainty of the OTC derivatives markets by simplifying and automating trade processing across the major asset classes.

More than 50 banks, 50 inter-dealer brokers and 1,200 funds are already connected to the service which is expected to handle in excess of 15 million confirmations in its first year.

Department

MarkitSERV Trade Manager Platform

Department overview

Dramatic market growth in OTC derivatives and regulatory concerns has created a major need for the industry to achieve greater operational efficiency. MarkitSERV's powerful suite of products help firms to achieve true STP, making costly errors and backlogs a distant memory. MarkitSERV Trade Manager is a major part of that strategy.

MarkitSERV Trade Manager offers electronic confirmation workflow tools for buy side across all OTC Derivatives. Whether a firm wants to confirm a trade via MarkitWire, DSMatch or electronically via Markit Trade Manager (MTM), clients can submit, track and manage all statuses, comments and approvals with the easy-to-use MTM web interface. In addition, Markit Trade Manager offers pre-confirmation support for novation consent, trade day tie-out and trade recap management.  Over 300,000 trades are processed each month via MarkitSERV Trade Manager. 

Position summary

Markit seeks a Senior Business Analyst/Tech Writer with a minimum of four years experience in requirements gathering, creating functional requirements specifications, user guides, on boarding documents, user testing, and product rollout to work within its Trade Manager Group.

The successful candidate will be accountable to the MarkitSERV Trade Manager product manager and Business Analysis manager and assist them in delivering enhancements to clients. The successful candidate will assist the developers in fully understanding customer requirements and the product manager’s viewpoints and serve as the nucleus for all product related activities.

At Markit, you will work in a professional environment - with intelligent and capable colleagues - to create new financial products and support and enhance existing products for the OTC market. Our goal is, not only to meet, but to exceed the expectations of our clients, who include the majority of the top financial buy-side and sell-side firms in the world.

Duties & accountabilities

• Analyze workflow and produce process flow diagrams for new business process and enhancements.

• Conduct gap analyses between market processes and Markit Trade Manager System functionality.

• Provide input into user interface layouts and create screen mock-ups

• Assist with test planning, execution and reporting, including writing, reviewing, and executing manual test scripts.

• Coordinate system releases to ensure thorough testing and roll out to customers

• Write, revise, and edit client education, user, administrative, and support materials (User Guides and other training materials).

Business competencies

Education and experience

• Have a Bachelor’s degree or better

• Have at least four to six years experience as a business analyst

• Thorough understanding of the software development lifecycle

• Must have extensive experience in writing user guides and client facing documentation.

• Excellent problem solving skills

• Expertise with Visio and/or HTML

Commercial awareness

• Understanding of Financial markets and OTC Derivatives

• Familiarity with MarkitWire (formerly SwapsWire) and DSMatch (formerly DTCC Deriv/SERV Derivative Confirmation Platforms) would be advantageous.

Management requirements

 

Personal competencies

Personal impact

• Proven ability to work independently

• Highly motivated and eager to take initiative

• Flexibility and attitude to achieve tight deadlines

Communication

• Strong written and oral communication skills

Teamwork

• Must be a team player