Functional Analyst - Treasury & Derivatives

About this role

Who We Are

At Kyndryl, we run and reimagine the mission-critical technology systems that drive advantage for the world's leading businesses. We are at the heart of progress; with proven expertise and a continuous flow of AI-powered insight, enabling smarter decisions, faster innovation, and a lasting competitive edge. For our people-Kyndryls-that means doing purposeful work that powers human progress. Join us and experience a flexible, supportive environment where your well-being is prioritized and your potential can thrive.

The Role

Are you passionate about solving complex problems? Do you thrive in a fast-paced environment? Then there's a good chance you will love being a part of our Software Engineering - Development team at Kyndryl, where you will be able to see the immediate value of your work. As a Functional Analyst at Kyndryl, you will be supporting and leading the analysis, design, and delivery of banking solutions. The role involves translating business needs into solution specifications, collaborating with cross-functional teams, and ensuring successful implementation aligned with business goals, technology standards, and regulatory requirements

Key Responsibilities

Lead identification, analysis, and documentation of business, system, and solution requirements
Define and validate performance, scalability, security, and service quality requirements
Perform end-to-end impact analysis across applications, integrations, and data flows
Ensure traceability of requirements throughout the delivery lifecycle
Own and drive solution design specifications aligned to enterprise architecture
Develop conceptual and logical data models
Define source-to-target data mappings and create data flow diagrams and transformation rules
Contribute to effort estimation and solution sizing
Act as a key bridge between business and technology teams
Lead stakeholder discussions and ensure alignment across teams
Facilitate Agile ceremonies and backlog refinement where required
Mentor junior analysts and review deliverables
Define validation approach, test strategy, and acceptance criteria
Oversee SIT and UAT execution and ensure solution quality
Analyze defects, conduct root cause analysis, and drive resolution
Ensure deployment readiness
Ensure alignment with banking regulatory and compliance standards
Embed risk controls and cybersecurity considerations in solution design
Support audit, compliance reviews, and first-line-of-defense activities
Drive process improvement and standardization of analysis practices
• Identify opportunities to enhance customer experience through technology
• Contribute to reusable assets and domain knowledge repositories

Your contributions will have a significant impact on our products' success, and you will be part of a team that is passionate about innovation, creativity, and excellence. Above all else, you will have the freedom to drive innovation and take ownership of your work while honing your problem-solving, collaboration, and automation skills. Together, we can make a difference in the world of cloud-based managed services.

Your future at Kyndryl
This role opens the door to many career paths, both vertical and horizontal, and there may be opportunity to travel. It's a great chance for database administrators or other techs to break into the cloud. It's also a solid path to become enterprise or chief architect or a distinguished engineer! Whatever you see for yourself, you'll find the opportunity here.

Who You Are

You're good at what you do and possess the required experience to prove it. However, equally as important - you have a growth mindset; keen to drive your own personal and professional development. You are customer-focused - someone who prioritizes customer success in their work. And finally, you're open and borderless - naturally inclusive in how you work with others.

Required Technical and Professional Experience

5 to 7+ years of experience in banking or BFSI domain with exposure to Treasury
Strong understanding of Front-to-Back Trade Lifecycle:
Trade capture, pricing/valuation, confirmations, settlement, and reconciliation
Deep knowledge of Treasury products and instruments:
FX (Spot, Forwards, Swaps), Money Markets, Derivatives (IR, FX, structured products)
Experience in treasury operations and liquidity management (cash positions, nostro accounts, funding)
Strong awareness of market data integration (e.g., Bloomberg, Reuters feeds)
Understanding of regulatory and reporting requirements (e.g., EMIR, SFTR, trade reporting obligations)
Experience working with enterprise treasury, trading platforms (e.g., Kondor+, Corona, Planixs) etc.,
Familiarity with end-to-end customer journeys and cross-domain dependencies
Ability to engage with trading desks, treasury operations, risk teams, and IT Stakeholders
Strong knowledge of solution design, product lifecycle, and data governance & analysis
Deep understanding of testing, customer experience, incident/problem management, and application support
Expertise in requirements analysis, solution specification management, and feasibility assessment
Strong knowledge of banking products and services
Strong leadership and stakeholder management skills
Strategic mindset with strong business awareness
Excellent communication (written and verbal)
High level of accountability, integrity, and adaptability
Ability to perform in complex and high-pressure environments

Preferred Technical and Professional Experience

Bachelore's/Master's degree in Information Technology, Computer Science, or equivalent experience
Preferred Tools/Platforms: e.g., Jira, Confluence
Certification in Agile SAFe

Being You

The "Kyn" in Kyndryl means kinship, which represents the strong bonds we have with each other, our customers and our communities. We focus on ensuring all Kyndryls feel included and we welcome people of all cultures, backgrounds, and experiences. Even if you don't meet every requirement, we encourage you to apply. We believe in…