Functional Analyst - Financial Markets FX
About this role
We are looking for an experienced Functional Analyst to join our Financial Markets FX project team. In this role, you will act as the bridge between business stakeholders and the development team - gathering and analysing requirements, designing functional solutions in the FX domain, and ensuring that what gets built truly reflects what the business needs. You will take ownership of selected project workstreams, actively contribute to solution testing, and bring a solid understanding of FX products and market conventions to every stage of delivery.
Requirements:
At least 2 years of experience as a Functional Analyst, Business Analyst, or similar role in a Financial Markets or Capital Markets environment
Solid knowledge of FX products and market conventions: spot, forwards, swaps, options, NDFs, and related instruments
Proven ability to elicit, document, and analyse business requirements from diverse stakeholders
Experience translating business requirements into clear functional and technical specifications (user stories, process flows, data mappings, use cases)
Ability to work closely and effectively with software development teams throughout the full project lifecycle
Familiarity with software testing methodologies: test planning, test case design, SIT, UAT coordination, and defect management
Strong ownership mindset - comfortable leading individual project workstreams and managing deliverables independently
Fluent English, both written and verbal
Nice to have:
Experience working with treasury or trading platforms such as Murex, Calypso, or Kondor+
Experience with electronic trading platforms or ECNs (e.g. 360T, FXall, Bloomberg FXGO)
Familiarity with FX-related protocols and standards: FIX, SWIFT
Knowledge of front-to-back FX trade flow: execution, confirmation, settlement, and reconciliation
Understanding of regulatory frameworks relevant to FX trading (e.g. EMIR, MiFID II)
Experience working in Agile/Scrum or hybrid project delivery environments
Exposure to data analysis tools (SQL, Excel, Power BI) for requirement validation and testing support
Practical use of AI-assisted tools for documentation, requirement analysis, or test case generation
Main responsibilities:
Gather, analyse, and document business and functional requirements in close collaboration with business stakeholders and subject matter experts
Design functional solutions for FX applications, covering process flows, data models, and system behaviour specifications
Translate business requirements into detailed functional and technical documentation consumable by the development team
Act as the primary point of contact between business and technology for assigned project workstreams
Lead and manage selected project workstreams - coordinating tasks, tracking progress, and escalating risks where needed
Plan and execute functional testing activities, including preparation of test cases, execution of SIT and UAT, and management of defect resolution
Participate in solution walkthroughs, sprint reviews, and stakeholder demonstrations
Maintain clear and up-to-date project documentation throughout the delivery lifecycle
Collaborate closely with business stakeholders to translate FX domain requirements into technical specifications
Originally posted on Himalayas