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Business Analyst - BA4

Mumbai, India

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Date live: 10/30/2026

Business Area: Private Bank Processing

Area of Expertise: Change

Contract: Permanent

Reference Code: JR-0000136341

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Barclays Change

Change leads and oversees transformational change initiatives at Barclays. Your role will involve managing projects and programs that drive strategic improvements and ensure successful implementation of change across the organization.

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Join us as Business Analyst, where you will:

  • Act as the Techno-Functional Business Analyst for the trade execution platform, providing functional and technical analysis across the trade execution lifecycle.
  • Work closely with Dealers, RMS, Broking Operations, Technology, Infrastructure, Information Security, exchanges and external vendors to understand requirements and translate them into implementable solutions.
  • Understand and document end-to-end flows covering order capture, order validation, order routing, exchange connectivity, trade confirmation and downstream hand-off to post-trade systems.
  • Gather and analyse business, regulatory and technology requirements and translate them into BRDs, functional specifications, user stories, process flows, interface requirements and acceptance criteria.
  • Perform As-Is/To-Be and gap analysis, assess solution impacts and identify dependencies across upstream and downstream applications and interfaces.
  • Analyse application and interface issues using SQL/data analysis, logs, files and system flows, working with development and vendor teams to identify root causes and drive resolution.
  • Support integrations and connectivity with relevant NSE/BSE trading infrastructure and downstream broking systems.
  • Own functional analysis for regulatory/exchange-mandated changes, business enhancements, technology upgrades and control remediation impacting the trade execution platform.
  • Define test scenarios and acceptance criteria and support SIT, UAT, regression testing, production sanity validation and business sign-off.
  • Support production releases, incidents and problem investigations, including impact analysis, root-cause analysis and remediation tracking.
  • Coordinate with development, QA, production support and vendor teams throughout the full SDLC, from requirement definition through to production implementation.
  • Maintain appropriate documentation and evidence to support risk, control, audit and governance requirements for a regulated trading platform.

To be successful in this role, you should:

  • Have a strong understanding of capital markets and equity broking, particularly front-office order and trade execution.
  • Have a good functional understanding of the order-to-trade lifecycle, including order placement, validations, routing, exchange execution, trade confirmations and post-trade interfaces.
  • Be able to bridge the gap between business users and technical teams, translating trading requirements into detailed system requirements.
  • Have strong analytical and problem-solving capabilities, with the ability to investigate data, interfaces and application behaviour rather than limiting the role to documentation.
  • Have working knowledge of SQL, databases, file/interface-based integrations, application logs and data reconciliation.
  • Have a good understanding of APIs/interfaces, batch and real-time integrations, Linux/Unix environments and application architecture.
  • Demonstrate strong stakeholder and vendor management skills, with the ability to work across Front Office, Operations, Technology, Risk and Control.
  • Be able to operate effectively in a regulated, business-critical trading environment and manage multiple priorities simultaneously.
  • Have strong written and verbal communication skills, with disciplined documentation and attention to detail.

Essential Skills/Basic Qualifications:

  • Bachelor’s degree in Engineering, Computer Science, Information Technology, Finance, Business Management or a related discipline.
  • Relevant experience as a Business Analyst/Techno-Functional Analyst in Capital Markets, Securities, Broking or Trading Technology.
  • Hands-on experience working with trade execution, Order Management Systems (OMS) or trading platforms.
  • Strong knowledge of the equity trading lifecycle and Indian capital markets.
  • Working knowledge of SQL and relational databases, with the ability to analyse transactional data.
  • Experience preparing BRDs, functional specifications, user stories, process flows, test scenarios and acceptance criteria.
  • Experience supporting SIT/UAT, production releases and incident/problem analysis.
  • Effective stakeholder management across business and technology teams.

Desirable Skills/Preferred Qualifications:

  • Prior hands-on experience with NEST/Omnesys NEST or a comparable broker trade execution/OMS platform.
  • Knowledge of NSE and BSE trading environments, exchange connectivity and trading terminals.
  • Familiarity with NEAT/BOLT or equivalent exchange trading systems.
  • Understanding of RMS controls, trading limits, margins and pre-trade validations.
  • Exposure to FIX/API-based exchange or trading-system integration.
  • Understanding of Cash Equity and Equity Derivatives (F&O) products and workflows.
  • Experience with Linux/Unix, Oracle/SQL databases, logs, interfaces and production troubleshooting.
  • Understanding of downstream trade settlement/back-office systems and interfaces between front-office execution and post-trade platforms.
  • Exposure to SEBI and exchange-driven technology/regulatory changes, audit requirements and control frameworks.
  • Experience working with third-party product/vendor teams and managing requirements through implementation.

You may be assessed on the key critical skills relevant for success in role, such as:

  • Capital Markets & Broking Domain Knowledge: Ability to demonstrate an end-to-end understanding of order and trade execution.
  • Techno-Functional Capability: Ability to analyse a business problem at both functional and system/data levels.
  • NEST/OMS Expertise: Understanding of front-office trading platforms, order workflows, exchange connectivity and RMS.
  • Business Analysis: Quality of requirements, process mapping, impact analysis, functional specifications and acceptance criteria.
  • SQL & Data Analysis: Ability to query and analyse transaction, order and trade data to investigate issues and validate changes.
  • Problem Solving: Ability to investigate production issues, establish root causes and translate findings into sustainable remediation.
  • Testing & Delivery: Effectiveness in defining scenarios, supporting SIT/UAT, managing defects and validating production releases.
  • Regulatory & Control Awareness: Ability to translate regulatory/exchange requirements into system changes while maintaining appropriate controls.
  • Stakeholder Management: Ability to communicate effectively with Dealers, RMS, Operations, Technology, vendors and senior stakeholders.
  • Ownership: Ability to take a requirement or issue from analysis through implementation and production validation.

Job location is Mumbai

Purpose of the role

To support the organisation, achieve its strategic objectives by the identification of business requirements and solutions that address business problems and opportunities. 

Accountabilities

  • Identification and analysis of business problems and client requirements that require change within the organisation.
  • Development of business requirements that will address business problems and opportunities.
  • Collaboration with stakeholders to ensure that proposed solutions meet their needs and expectations.
  • Support the creation of business cases that justify investment in proposed solutions.
  • Conduct feasibility studies to determine the viability of proposed solutions.
  • Support the creation of reports on project progress to ensure proposed solutions are delivered on time and within budget.
  • Creation of operational design and process design to ensure that proposed solutions are delivered within the agreed scope.
  • Support to change management activities, including development of a traceability matrix to ensure proposed solutions are successfully implemented and embedded in the organisation.

Analyst Expectations

  • To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.
  • Requires in-depth technical knowledge and experience in their assigned area of expertise
  • Thorough understanding of the underlying principles and concepts within the area of expertise
  • They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources.
  • If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.
  • OR for an individual contributor, they develop technical expertise in work area, acting as an advisor where appropriate.
  • Will have an impact on the work of related teams within the area.
  • Partner with other functions and business areas.
  • Takes responsibility for end results of a team’s operational processing and activities.
  • Escalate breaches of policies / procedure appropriately.
  • Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
  • Advise and influence decision making within own area of expertise.
  • Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
  • Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
  • Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
  • Make evaluative judgements based on the analysis of factual information, paying attention to detail.
  • Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
  • Guide and persuade team members and communicate complex / sensitive information.
  • Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.

Barclays welcomes applications from all candidates and is committed to ensuring reasonable adjustments (accommodations) are put in place to allow for a fair and inclusive recruitment process. For more information and how to request one, please review Adjustments to the recruitment process.

We’re a global, vital and highly respected financial organisation with an inspiring Purpose. Operating in 39 countries and employing around 100,000 people across the world, we help communities, individuals and businesses thrive. And we’ve created financial solutions and technology that the world now takes for granted. A career with us can offer incredible variety, depth and breadth of experience, and the chance to learn from some of the best minds in technology and finance.

To find out more about Barclays' strategy please click here.

We are an equal opportunity employer and opposed to discrimination on any grounds. It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, colour, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.

Barclays is required by law to confirm that you have the Legal Right to Work in any role that you apply for. If you currently hold a work visa sponsored by Barclays, or you would require sponsorship from Barclays, you must declare this as part of your application. Sponsored visas are role and entity specific and any changes must be reviewed. It is important that you ensure you are working on the correct visa at all times. Failure to accurately disclose your visa status or Legal Right to Work may result in your application or any employment offer being withdrawn at any time.

This role may be subject to enhanced governance arrangements. If successful, you may be required to comply with additional regulatory and compliance obligations, such as disclosure of personal trading activities and external interest/affiliations.

Further information on these requirements will be provided at a later stage of the process.

Learn more about Barclays locations

Across our campuses, we offer modern workspaces, collaborative areas, and state-of-the-art meeting rooms. Facilities include wellness rooms, on-site cafeterias, fitness centers, and tech-equipped workstations. Designed for innovation and comfort, they support a dynamic and productive work environment.

Gain access to wellness rooms, gyms and mental health support.

Our welcoming and inclusive culture supports you to bring your whole self to work, explore your potential and pursue your passions.

Modern spaces designed for teamwork and brainstorming.

There’s so much more than work to involve and engage you on campus. From socialising to sports, from community events to volunteering.

Learn more about Barclays locations

Across our campuses, we offer modern workspaces, collaborative areas, and state-of-the-art meeting rooms. Facilities include wellness rooms, on-site cafeterias, fitness centers, and tech-equipped workstations. Designed for innovation and comfort, they support a dynamic and productive work environment.

Health and wellness

Gain access to wellness rooms, gyms and mental health support.

A place where you can belong

Our welcoming and inclusive culture supports you to bring your whole self to work, explore your potential and pursue your passions.

Collaborative Areas

Modern spaces designed for teamwork and brainstorming.

More than work

There’s so much more than work to involve and engage you on campus. From socialising to sports, from community events to volunteering.

Multicultural ERGs at Barclays

Be you. Be valued. Belong.

We celebrate the unique perspectives and experiences each individual brings, believing our differences make us stronger and drive success.

You can learn more about our commitment to our colleague on our Inclusion and Opportunities page.

Learn more

Application Process

Your application

We’ll ask for information about you, your CV and cover letter.

1

Your assessment

Covering your behaviours and ability at work.

2

Your interview

Exploring your past experiences and skills.

3

Next step

We’ll request additional information so that you can complete our screening process

4
How to ApplyRead our FAQ's
Barclays

Working flexibly

We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports your personal needs, alongside the professional needs of our business. If you'd like to explore flexible working arrangements, please discuss this with the hiring manager. Your request will be reviewed in-line with the requirements of the role/business needs of the team.

Hybrid working

We have a structured approach to hybrid working, where colleagues work at an onsite location on fixed, ‘anchor’, days, as set by the business area. Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business.

Barclays is built on an international scale.

Our geographic reach, our wide variety of functions, businesses, roles and locations reflect the rich diversity of our worldwide customer base. All of which means we offer incredible variety, depth and breadth of experience.
And the chance to learn from a globally diverse mix of colleagues, including some of the very best minds in banking, finance, technology and business. Throughout, we’ll encourage you to embrace mobility, exploring every part of our operations as you build your career.

Find more information

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