Business Analyst

Business Analyst – Payments (Capital Markets)

Location: Glasgow

A Business Analyst in Payments (Capital Markets) operates at the intersection of:

• Trading systems
• Settlement processes
• Banking & payment infrastructure

The role involves translating business requirements from traders, operations, and treasury teams into functional and technical solutions that enable secure and efficient cash movement linked to securities transactions.

The places you work from day to day will vary according to your role, your needs, and those of the business; it will be a blend of Company offices, client sites, and your home; noting that you will be unable to work at home 100% of the time.

• Capture requirements related to:
  • Trade settlement payments (DvP, PvP)
  • Margin payments (Initial & Variation Margin)
  • Corporate actions (dividends, coupons)
• Collaborate with:
  • Front Office Traders
  • Operations Teams
  • Treasury & Liquidity Teams

• Map end-to-end lifecycle:
  • Trade → Clearing → Settlement → Cash Movement
• Create:
  • As-Is and To-Be process flows
• Design payment workflows:
  • RTGS (Real-Time Gross Settlement)
  • Net Settlement

• Document:
  • BRDs (Business Requirement Documents)
  • FRDs (Functional Requirement Documents)
  • User Stories
• Define:
  • Payment flows
  • SWIFT messages (MT/MX)
  • Netting logic
  • Settlement instructions

• Work with systems such as:
  • Payment platforms (RTGS, SWIFT gateways)
  • Clearing systems (CCPs)
  • Custody/CSD platforms
• Define:
  • Data mappings
  • Trade-to-settlement payment instructions

• Support:
  • SIT (System Integration Testing)
  • UAT (User Acceptance Testing)
• Validate:
  • Payment accuracy
  • Settlement completeness
  • Reconciliation processes

• Act as a liaison between:
  • IT Teams
  • Business Users
  • External parties (Custodians, Clearing Houses)

• Trade lifecycle (T, T+1, T+2)
• Asset classes:
  • Equities
  • Bonds
  • Derivatives
• Clearing & Settlement:
  • CCP (Central Counter party)
  • CSD (Central Securities Depository)

• Payment types:
  • RTGS (Real-Time Gross Settlement)
  • Net Settlement
• Messaging standards:
  • SWIFT MT (e.g., MT103, MT202)
  • ISO 20022 (MX messages)
• Key concepts:
  • Nostro / Vostro Accounts
  • Liquidity Management

• DvP (Delivery vs Payment)
• Settlement risks:
  • Herstatt Risk
• Reconciliation and exception handling

• Business Analysis & Requirement Documentation
• Process Modelling (BPMN, Visio)
• Payments & Settlement Knowledge

• SQL / Data Analysis
• APIs & Payment Integrations
• Understanding of:
  • SWIFT Interfaces
  • Payment Engines

Capgemini is proud to be a Disability Confident Employer (Level
2) under the UK Government’s Disability Confident scheme. As part of our commitment to inclusive recruitment, we will offer an interview to all candidates who declare they have a disability and meet the minimum essential criteria for the role. Please opt in during the application process.

• You’ll be joining an accredited Great Place to work for Wellbeing in 2024. Employee wellbeing is vitally important to us as an organisation.
• You will be empowered to explore, innovate, and progress. You will benefit from Capgemini’s ‘learning for life’ mindset, meaning you will have countless training and development opportunities from think tanks to hackathons, and access to 250,000 courses with numerous external certifications from AWS, Microsoft, Harvard Manage Mentor, Cybersecurity qualifications and much more.
• You will be joining one of the World’s Most Ethical Companies, recognised by Ethisphere for 13 consecutive years. We live our values by making ethical business choices every day. Working ethically is at the centre of our culture at Capgemini, meaning you will be helping to create a future we can all be proud of.