Business Analyst TA senior

My client is a blockchain-based Transfer Agency platform transforming how investment funds are

distributed, settled, and serviced. Our platform enables straight-through processing of fund orders, cash

settlement, and asset servicing across the fund distribution value chain.

We are building the next generation of cash and client money infrastructure to support gross

settlement, regulatory compliance and multi-currency operations for institutional and retail fund

investors.

Role Summary

We are looking for a Business Analyst to join the Cash & Reconciliation domain within our Transfer

Agency platform team. You will be the bridge between business stakeholders, compliance, and

engineering — translating complex cash management, client money, and reconciliation requirements

into clear, deliverable specifications.

This is a hands-on role requiring deep understanding of cash settlement flows, bank messaging (SWIFT

MT/CAMT), reconciliation processes, and client money regulations. You will work across multiple

workstreams including settlement operations, reconciliation, regulatory reporting, and account

management.

Key Responsibilities

Cash Settlement & Client Money

• Analyse and document end-to-end cash settlement flows for fund subscriptions and

redemptions under a Full Client Money Model with gross settlement

• Define business rules for dual cutoff mechanisms, shortfall funding, and unallocated cash

handling

• Map out account structures including Distribution, Corporate, Client Money, Internal CM

Reconciliation, Investor, and Trustee accounts

• Specify cash-side transaction matrices covering 20+ settlement scenarios (e.g. DVP, FOP, partial

settlement, failed trades, return to source)

Reconciliation & Reporting

• Document requirements for three-layer reconciliation: Bank Reconciliation, External

Reconciliation, and Internal (NNAB) Reconciliation

• Define specifications for T+1 client reconciliation reporting and CMAR (Client Money and Assets

Return) reports for FCA submission

• Specify intraday cash monitoring requirements using MT942/CAMT052 bank messages

• Design reconciliation break management workflows and exception-handling procedures

Stakeholder & Delivery

• Collaborate with Product Owners, engineering teams, and external partners (custodians, banks,

transfer agents) to refine requirements and acceptance criteria

• Create detailed user stories, process flows, wireframes, and data mapping documents

• Support UAT planning and execution, ensuring traceability from requirements through to test

cases

• Participate in agile ceremonies and contribute to sprint planning and backlog refinement

Required Experience & Skills

Domain Knowledge

• 3–5 years of experience as a Business Analyst in financial services, specifically in fund

operations, transfer agency, or custody/settlement

• Strong understanding of cash settlement lifecycles for investment funds (subscriptions,

redemptions, switches, transfers)

• Familiarity with client money regulations

• Experience with bank reconciliation processes and SWIFT messaging standards (MT103, MT202,

MT940/942, CAMT.053/052)

Technical & Analytical Skills

• Proficiency in requirements elicitation, business process modelling (BPMN), and data flow

documentation

• Experience working with transaction matrices and settlement scenario analysis

• Comfortable with SQL for data analysis and reconciliation investigations like Graphana.

• Experience with tools such as ClickUp, Zendesk, or equivalent project management platforms

Soft Skills

• Ability to translate complex regulatory and operational requirements into clear, actionable

specifications for engineering teams

• Strong communication skills — confident presenting to senior stakeholders and external

partners

• Detail-oriented with a systematic approach to validation and edge-case analysis

• Self-starter comfortable working in a fast-paced, evolving fintech environment

Desirable Experience

• Experience with blockchain or DLT-based platforms in financial services

• Knowledge of fund distribution models (nominee, direct registration, omnibus accounts)

• Experience with gross settlement models (as opposed to net settlement)

• Understanding of ISO 20022 messaging standards and migration from SWIFT MT

• Prior experience in a TA platform build or migration project

What We Offer

• The opportunity to build critical financial infrastructure from the ground up on a next generation platform

• Exposure to cutting-edge technology (blockchain/DLT) applied to real-world fund operations

• A collaborative, agile team working at the intersection of fintech and regulatory innovatio