BUSINESS ANALYST

Job Title: Business Analyst – Payments (Capital Markets)

Location: Glasgow

Role Overview

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.

Hybrid working:

The places that 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.

Your Role

Requirement Gathering & Analysis

• 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

Process Mapping

• 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

Functional Specifications

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

System Analysis

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

Testing & Validation

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

Stakeholder Management

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

Your Job

Capital Markets Knowledge

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

Payments Knowledge

• 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

C. Risk & Controls

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

Key Skills

Functional Skills

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

Technical Skills (Nice to Have)

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

We are a Disability Confident Employer:

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.

Make It Real (what does it mean for you):

• You’d be joining an accredited Great Place to work for Wellbeing in 2024. Employee wellbeing is vitally important to us as an organisation.  We see a healthy and happy workforce a critical component for us to achieve our organisational ambitions. 
  To help support wellbeing we have trained ‘Mental Health Champions’ across each of our business areas, and we have invested in wellbeing apps such as Thrive and Peppy.
• 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 thinktanks to hackathons, and access to 250,000 courses with numerous external certifications from AWS, Microsoft, Harvard ManageMentor, Cybersecurity qualifications and much more.
• You will be joining one of the World’s Most Ethical Companies®, as 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.

Why you should consider Capgemini:

Growing clients’ businesses while building a more sustainable, more inclusive future is a tough ask.  When you join Capgemini, you’ll join a thriving company and become part of a collective of free-thinkers, entrepreneurs and industry experts.  We find new ways technology can help us reimagine what’s possible.  It’s why, together, we seek out opportunities that will transform the world’s leading businesses, and it’s how you’ll gain the experiences and connections you need to shape your future.  By learning from each other every day, sharing knowledge, and always pushing yourself to do better, you’ll build the skills you want. You’ll use your skills to help our clients leverage technology to innovate and grow their business. So, it might not always be easy, but making the world a better place rarely is.

About Capgemini:

Capgemini is an AI-powered global business and technology transformation partner, delivering tangible business value. We imagine the future of organisations and make it real with AI, technology and people. With our strong heritage of nearly 60 years, we are a responsible and diverse group of 420,000 team members in more than 50 countries. We deliver end-to-end services and solutions with our deep industry expertise and strong partner ecosystem, leveraging our capabilities across strategy, technology, design, engineering and business operations. The Group reported 2024 global revenues of €22.1 billion.
Make it real | www.capgemini.com