Senior Business Systems Analyst (Modernization & Transformation)

Are you ready to make an impact at DTCC? Work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development. At DTCC, we are at the forefront of innovation in the financial markets, committed to helping employees grow and succeed. We foster a thriving internal community and create a workplace that reflects the diversity of the world we serve.

Pay and Benefits

• Competitive compensation, including base pay and annual incentive
• Comprehensive health and life insurance and well-being benefits, based on location
• Pension / Retirement benefits
• Paid Time Off and Personal/Family Care, and other leaves of absence to support physical, financial, and emotional well-being

DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays, and a third day unique to each team or employee).

The Impact You Will Have in This Role

As a Senior Business Systems Analyst, you will play a key role in DTCC’s modernization journey, transforming critical Clearance & Settlement platforms that support the securities processing lifecycle. Working at the intersection of Business, Product, and Technology, you will analyze complex current-state systems, uncover opportunities for simplification, and define future-state requirements to guide delivery teams.

Responsibilities

• Partner with Product Managers, Business Stakeholders, Technology teams, and delivery squads to gather, analyze, and document business and functional requirements
• Conduct current-state analysis of Clearance & Settlement applications, workflows, data flows, and business processes
• Identify simplification, automation, and modernization opportunities across complex legacy environments
• Translate business needs into clear functional specifications, process flows, workflow diagrams, use cases, and supporting documentation
• Collaborate with cross-functional teams to validate findings, challenge assumptions, and align on future-state solutions
• Support Agile delivery by refining requirements, clarifying business logic, and ensuring development teams have the information needed for execution
• Use SQL and data analysis techniques to investigate application behavior, validate requirements, and support decision-making
• Lead workflow design discussions and contribute to user experience improvements where applicable
• Review effort estimates, timelines, risks, and dependencies with project teams and stakeholders
• Identify process gaps, control opportunities, and areas where automation can improve efficiency and reduce risk
• Mentor junior team members by providing guidance on requirements analysis, documentation standards, and project delivery best practices
• Create and maintain system documentation in alignment with company standards, governance practices, and risk/control expectations

Qualifications

• Bachelor's degree or equivalent experience
• 6-8+ years of experience as a Business Systems Analyst, Business Analyst, or similar role supporting complex technology initiatives

Skills

• Strong experience gathering, analyzing, and documenting business and functional requirements
• Experience working in Agile environments using Scrum, Kanban, Jira, or similar tools and methodologies
• Strong SQL skills, including joins, unions, data analysis, and query troubleshooting
• Experience working with relational databases such as Oracle or Db2
• Proficiency with Microsoft Excel, including Pivot Tables, VLOOKUP/XLOOKUP, formulas, and data manipulation
• Ability to work with multiple stakeholders to analyze business needs, document requirements, and drive alignment across teams
• Strong written and verbal communication skills with the ability to translate complex concepts for both business and technical audiences

Preferred Qualifications

• Experience supporting modernization, transformation, or legacy platform migration initiatives
• Familiarity with securities processing, clearance, settlement, or financial services operations
• Familiarity with Mainframe or z/OS environments
• Experience using AI-enabled productivity or code analysis tools such as Microsoft Copilot, Amazon Q, or Kiro
• Experience working in environments with limited documentation and multiple subject matter experts

The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on role, location, individual experience, skills, and other considerations.