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Phaxis

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Senior Business Analyst, Derivatives SME

Houston, TX 77046

Posted: 07/29/2026 Employment Type: Contract Job Number: 28972879

Job Description

Pay Rate up to $95.00

Overview:


We are seeking a highly experienced Senior Business Analyst (BA)/ Esoteric Derivative Lifecycle Specialist SME with deep expertise in derivatives to support critical business growth in QIS Swaps. This individual will partner with business, operations, technology, and external vendors support implementation activities and volume support. The role will serve as a subject matter expert for derivatives, helping ensure operational objectives are met and supported fully.

Key Responsibilities:
  • Partner with business stakeholders and technology teams to ensure requirements are understood and translated into effective support solutions.
  • Support testing activities, including test-case development, UAT coordination, and issue resolution.
  • Serve as the primary SME for QIS Swaps and other complex/esoteric derivative products, providing end-to-end expertise across trade booking, lifecycle event management, valuations, collateral, settlements, reconciliations, and operational support.
  • Partner with Portfolio Managers, Trading, Operations, Technology, Fund Accounting, Custodians, Brokers, and external vendors to support business growth, resolve operational issues, and ensure accurate and scalable processing of complex derivative transactions.
  • Documentation, and implementation of business requirements, operating model enhancements, workflow improvements, and platform initiatives to support increasing QIS Swap volumes and evolving product capabilities.
  • Act as an escalation point for risk-sensitive lifecycle events, trade exceptions, margin and collateral issues, valuation inquiries, and reporting impacts, while driving process controls, operational readiness, and continuous improvement across the derivatives support model.

Required Experience:
  • 10–15+ years of experience in financial services.
  • 5–7+ years of experience in derivatives and derivatives lifecycles concepts/ support.
  • Strong understanding of transaction management, trade support, derivative lifecycle, collateral management, and margin processes.
  • Ability to bridge business and technology teams and communicate effectively with senior stakeholders.
  • Strong analytical, problem-solving, and process improvement skills.

Systems & Tools:
  • Experience with one or more of the following platforms is preferred:
  • Aladdin, Charles River, FCM Platforms, OTC industry tech, SSB ALPHA, MS Suite.

Success Criteria:
  • High-quality business and functional support.
  • Identification and resolution of process gaps and implementation issues.
  • Effective coordination between business, operations, technology, and vendors.
  • Delivery of business solutions aligned with product events.

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About Houston, TX

Discover exciting job opportunities in the vibrant region around Houston, Texas! Known for its thriving economy, diverse industries, and endless growth prospects, Houston offers an enticing landscape for career-minded individuals. With world-class museums like the Museum of Fine Arts and a rich culinary scene showcasing Tex-Mex delights, BBQ joints, and food trucks serving up local flavors, Houston is a melting pot of culture and creativity. Home to the renowned Space Center Houston, the historic Astrodome, and professional sports teams like the Rockets and the Astros, this region exudes energy and excitement. Embrace the charm of this dynamic area while exploring job listings that could lead you to a fulfilling career right here in Houston!

Drew Anson

Chief Delivery Officer

Drew Anson is Chief Delivery Officer at Phaxis, a Workforce Solutions Company based in New York.

In this role, Drew leads the delivery and recruiting working closely with the leadership team to define a model that is efficient at supporting the firm s current needs and is scalable for future growth.

Drew is a seasoned executive with more than 13 years of Services & Recruitment experience. In that time, he has supported numerous Fortune 100/500/1000 organizations across industries by providing global workforce solutions, namely resources and thought leadership for large-scale projects, implementations, and managed services.

Prior to joining Phaxis predecessor firm Park Hudson in 2021, Drew spent three years at engineering technology and talent solutions firm, Collabera, as Director of Sales in North Carolina. Earlier in his career, he spent nearly eight years at Insight Global, most recently as Sales Manager of the Columbus, OH office.

He holds a degree from Central Michigan University in Sales & Marketing.

Favorite Book: Extreme Ownership Jocko Willink & Leif Babin
Favorite Team: Michigan Wolverines
Inspirational Quote: There is no substitute for hard work. Thomas A. Edison