Principal Business Systems Analyst Jobs (NOW HIRING)

A leading Consulting Firm is seeking a Business Systems Analyst for a 6+ month contract to hire role.
Are you passionate about Capital Markets technology and helping financial institutions modernize mission-critical trading platforms. Do you enjoy solving complex business challenges while driving large-scale transformation initiatives that deliver measurable business value?
The client is seeking an experienced Business Systems Analyst to lead strategic analysis, platform evaluation, and migration planning for enterprise Foreign Exchange (FX) trading systems. In this role, you'll play a critical part in defining future-state trading capabilities by assessing legacy platforms, evaluating modern solutions, and supporting the migration from legacy environments such as **Nasdaq Spectrum** to strategic enterprise platforms including **ION** and **Calypso**.
Working closely with traders, treasury professionals, business stakeholders, solution architects, product owners, and engineering teams, you'll bridge business strategy and technology by translating complex business needs into scalable, high-impact solutions

Your expertise will help modernize trading operations, improve operational efficiency, strengthen regulatory compliance, and enable the next generation of enterprise trading technology.
This is an exciting opportunity to contribute to high-profile Capital Markets transformation initiatives while collaborating with industry experts in a fast-paced consulting environment.
Location: This position is based onsite at a client location in the Salt Lake City, UT area.
Your future duties and responsibilities
How you'll make an impact
As a Business Systems Analyst, you'll serve as a trusted advisor to both business and technology stakeholders while leading strategic initiatives that modernize the enterprise FX trading ecosystem.
You will:
* Lead business analysis, strategic planning, and migration initiatives supporting the transition from legacy FX trading platforms, such as Nasdaq Spectrum, to modern enterprise trading solutions including ION and Calypso while minimizing operational disruption
* Assess current and future-state trading capabilities through business process analysis, capability assessments, gap analyses, vendor evaluations, and RFP support to recommend technology solutions aligned with business objectives
* Partner with stakeholders across FX Trading, Treasury, Operations, Risk Management, Finance, Compliance, and Technology to gather, analyze, validate, and document business, functional, technical, and non-functional requirements
* Analyze and optimize the end-to-end FX trade lifecycle, including trade capture, pricing, confirmations, settlements, treasury operations, market risk, accounting, and regulatory reporting to improve automation, scalability, and operational efficiency
* Define business and integration requirements supporting connectivity between enterprise trading platforms and downstream systems using SWIFT financial messaging (MT300, MT103, MT202), REST APIs, microservices, and modern enterprise integration patterns
* Collaborate with business leaders, architects, developers, QA teams, infrastructure teams, and third-party vendors throughout platform selection, solution design, implementation, testing, migration, and production deployment
* Support business process reengineering, solution design, data mapping, migration planning, testing strategy, User Acceptance Testing (UAT), production readiness, and post-production stabilization activities
* Develop high-quality project artifacts including business requirements documents (BRDs), functional specifications, process flows, user stories, use cases, data mapping documents, test scenarios, and implementation documentation
* Facilitate stakeholder workshops, business process reviews, and solution design sessions while ensuring alignment across technical and business teams
* Mentor junior Business Analysts, promote business analysis best practices, and contribute to continuous process improvement initiatives across the project organization
Required qualifications to be successful in this role
What you'll bring
We're seeking a collaborative Business Systems Analyst with deep Capital Markets expertise and a passion for helping organizations successfully modernize enterprise trading platforms.
* Bachelor's degree in Business, Information Systems, Computer Science, Finance, or a related discipline.
* 3+ years of Business Systems Analysis experience supporting Capital Markets, Treasury, Banking, or Financial Services technology initiatives
* Hands-on experience supporting enterprise FX trading platforms such as Nasdaq Spectrum, ION, Calypso, or comparable Capital Markets trading solutions
* Strong understanding of the complete Foreign Exchange trade lifecycle, including:
* Spot
* Forwards
* Swaps
* Options
* Pricing
* Confirmations
* Settlements
* Treasury Operations
* Market Risk
* Regulatory Reporting
* Proven experience supporting enterprise platform modernization, migration, or digital transformation initiatives, including requirements gathering, business process analysis, gap analysis, vendor evaluations, RFP support, data migration, and business process reengineering
* Strong knowledge of SWIFT financial messaging standards, including MT300, MT103, MT202, and related treasury messaging workflows
* Experience supporting enterprise integrations using REST APIs, microservices, cloud-native architectures, and modern integration patterns within financial services environments
* Strong analytical, problem-solving, facilitation, stakeholder management, communication, and technical documentation skills
* Experience working within Agile software delivery methodologies such as Scrum, Kanban, or SAFe
* Experience supporting testing activities including System Integration Testing (SIT), User Acceptance Testing (UAT), production implementation, and post-production support
* Working knowledge of SQL, data analysis, reporting tools, or business intelligence platforms is considered an asset
Preferred Qualifications
* Experience with Capital Markets transformation or enterprise trading platform replacement programs
* Experience working with cloud-based financial services platforms and modern application architectures
* Familiarity with FIX protocol, ISO 20022 messaging, or additional financial messaging standards
* Experience supporting regulatory initiatives affecting Capital Markets or Treasury organizations
* CBAP, PMI-PBA, Agile, Scrum, or SAFe certifications are considered an asset
Education:Employment Type: CONTRACTOR