Senior Business System Analyst

ValueMomentum is seeking an experienced Senior Business Systems Analyst (BSA) to lead the strategic evaluation and migration planning for their Foreign Exchange trading operations. The role focuses on analyzing the current state and determining the optimal approach for migrating off the legacy Spectrum FX system to a modern trading platform.

Responsibilities:

• Lead the business analysis and planning phase for migrating operations off the legacy Spectrum FX platform. Design comprehensive migration approaches that minimize disruption to active trading operations
• Leverage your in-depth knowledge of platforms like ION and Calypso to assess capabilities, evaluate fit for strategic goals, and support the selection of our future-state architecture
• Collaborate closely with FX traders, back-office operations, and IT teams to document current workflows, define future-state business requirements, and draft technical specifications tailored to the target system
• Analyze current messaging architectures and ensure seamless integration of SWIFT messaging protocols (e.g., MT300, MT103, MT202) with the new platform
• Act as the primary liaison between the business unit, internal technology teams, and external vendors during the RFP, evaluation, and implementation phases
• Identify opportunities to optimize the front-to-back FX trade lifecycle, including trade capture, pricing, risk management, and settlement within the context of the new platform’s capabilities

Requirements:

• 5+ years of experience as a Business Systems Analyst or similar role within the financial services/banking sector, with a dedicated focus on Foreign Exchange (FX) trading systems
• Proven hands-on experience working with, configuring, or implementing ION FX platforms and Calypso. A deep understanding of their respective architectures, modules, and strengths in handling FX products
• Deep functional understanding of FX products (Spot, Forwards, Swaps, Options, etc.) and the complete end-to-end trade lifecycle
• Proven track record in managing or heavily contributing to system migration projects. Direct experience migrating off Spectrum FX is a significant advantage
• Strong expertise in SWIFT messaging protocols and standards related to treasury and FX settlements
• Strong analytical problem-solving capabilities, with the ability to translate complex business needs into clear, actionable technology requirements
• Excellent communication and presentation skills
• Experience drafting and managing Vendor RFPs for financial technology
• Familiarity with modern integration architectures (APIs, microservices) in a banking environment