IT Business Analyst for DerivativesBCforward is currently seeking a highly motivated IT Business Analyst for Derivatives for an opportunity in Jersey City, NJPosition Title: IT Business Analyst for DerivativesLocation: Jersey City, NJAnticipated Start Date: ASAPPlease note this is the target date and is subject to change. BCforward will send official notice ahead of a confirmed start date.Expected Duration: 12 Months.Job Type: CONTRACT, (Hybrid)Monday- Friday (5x8)Candidate who is authorized to work independentlyPay Range: $50 - $55/hr.Please note that actual compensation may vary within this range due to factors such as location, experience, and job responsibilities, and does not encompass additional non-standard compensation (e.g., benefits, paid time off, per diem, etc.).Job Description: * Closely work with business partners to analyze & refine the regulatory requirements given by Federal authorities & DTCC (Business Requirements Document) and then prepare detailed Functional Requirement Document. * Translate and simplify the Business /Functional requirements into technical requirements and create user stories for the Development team to understand and implement the code. * Performs gap and feasibility analysis, recommend alternative solutions, project strategy, and deliverable prioritization. * Prepare the detailed use cases, functional scenarios, and Spec by examples. * Work closely with Developers and Operations to answer all questions & queries about the regulatory requirements. * Identify the gaps in software system from regulatory perspective and raise requirements to product owners. * Provide support to Product owner team to help guide the tech impact, story points, prioritizing, planning for all requirements. * Provide support to UAT team for end-to-end testing by providing sample test cases, use cases, actual vs expected behavior etc. Work with them to develop user acceptance tests, and log and track status of defects.Required Skills:* At least 6 - 8 years of experience of working as a BA for large, complex systems. * OTC Derivatives domain knowledge is required. * Ability to read back-end Python code and perform basic debugging is required. * Working experience / knowledge on CFTC/Dodd Frank, ESMA/EMIR, MIFID rules is preferred. * Great analytical skills and ability to deep dive into complex details and resolve issues. * Excellent written & oral communication skills. * Experience of working with AGILE methodology of software development. * Ability to prioritize, adjust, and push for completion of multiple tasks in a fast-paced organization. * Ability to problem solve, apply reason, take initiative, use judgment, and perform multiple concurrent tasksBenefits:BCforward offers all eligible employees a comprehensive benefits package including, but not limited to major medical, HSA, dental, vision, employer-provided group life, voluntary life insurance, short-term disability, long-term disability, and 401k.Keywords:[IT Business Analyst, Python, OTC Derivatives, CFTC, Dodd Frank, ESMA, EMIR, MIFID]About BCforward:Founded in 1998 on the idea that industry leaders needed a professional service, and workforce management expert, to fuel the development and execution of core business and technology strategies, BCforward is a Black-owned firm providing unique solutions supporting value capture and digital product delivery needs for organizations around the world. Headquartered in Indianapolis, IN with an Offshore Development Center in Hyderabad, India, BCforward's 6,000 consultants support more than 225 clients globally.BCforward champions the power of human potential to help companies transform, accelerate, and scale. Guided by our core values of People-Centric, Optimism, Excellence, Diversity, and Accountability, our professionals have helped our clients achieve their strategic goals for more than 25 years. Our strong culture and clear values have enabled BCforward to become a market leader and best in class place to work.BCforward is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability.To learn more about how BCforward collects and uses personal information as part of the recruiting process, view our Privacy Notice and CCPA Addendum. As part of the recruitment process, we may ask for you to disclose and provide us with various categories of personal information, including identifiers, professional information, commercial information, education information, and other related information. BCforward will only use this information to completTo view the full job description, click here