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Babel

IT and digital transformation services provider

Senior Business Analyst - Swaps

Business AnalysisConfirmed live in the last 24 hours
Full-timeMadrid, SpainNo salary listedRemote

About the Job

Requirements

  • More than 5 years of experience as a Business Analyst in financial markets or fixed income.
  • Expert knowledge of Interest Rate Swaps (IRS), including how they work, valuation, and pricing.
  • Experience with electronic trading, Pre-Trade, and Post-Trade processes.
  • Experience working directly with traders and Front Office teams.
  • Knowledge of RFQ (Request for Quote), Bid/Ask Price, Client Tiering, trading venues, and derivatives pricing and valuation.
  • Experience in functional analysis, requirements gathering, and use-case development.
  • Experience working with Agile methodologies.
  • Ability to communicate with technical and business teams.
  • C1 English proficiency in speaking and writing.

Responsibilities

  • Gather, analyze, and define functional requirements directly with traders and Front Office teams.
  • Participate in the evolution of electronic Interest Rate Swaps trading platforms.
  • Translate business needs into clear functional requirements for development teams.
  • Prepare use cases, functional documentation, and acceptance criteria.
  • Collaborate on project backlog and roadmap planning and prioritization.
  • Participate in meetings and workshops with business and technology stakeholders.
  • Ensure developed solutions address users’ needs.
  • Identify risks, dependencies, and opportunities for improvement.
  • Serve as the functional reference for Swaps products and trading processes.
  • Provide functional support to Front Office support teams when needed.
  • Coordinate with international teams, especially in the LATAM region.

Desired Qualifications

  • Experience in Fixed Income and financial derivatives projects.
  • Knowledge of electronic trading platforms.
  • Experience in international projects, especially in LATAM markets.
  • Knowledge of Middle Office and Back Office processes.
  • Experience defining functional analysis standards and methodologies.
  • Ability to work autonomously and manage priorities in demanding environments.

About the Company

Babel

IT and digital transformation services provider

Babel is an IT and digital transformation services provider focused on large organizations and public bodies. It helps clients modernize systems, implement digital solutions, and navigate technology change through a services-led approach delivered by its consulting and delivery teams. The company grows by acquiring other firms to expand geographic reach and capabilities, a strategy that accelerated after Mubadala Capital became the majority shareholder in 2024. Babel’s “Hyperspace 2029” plan aims to reach 1 billion euros in turnover by 2029 through a combination of organic growth and further acquisitions, supported by a stronger balance sheet. Unlike some peers, Babel emphasizes employee well-being as a core part of its mission while rapidly expanding its footprint across Spain, Germany, Mexico, and Portugal via acquisitions and strategic integration.

Company size
1,001-5,000
Company stage
Acquired
Total funding
$330M
Headquarters
Las Rozas de Madrid, Spain
Founded
2003

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