Who we are looking for
Business analyst experienced in trade processing, with sound knowledge of Derivatives, is required to work within the MO OTC Onboarding team to perform detailed analysis of client requirements, liaise with development and technology teams, business area and external parties. The candidate will demonstrate experience working with middle and back-office derivatives processing to define detailed requirements while working alongside the technical resources to build solutions.
The successful candidate will be able to discuss business requirements in detail exhibiting a good understanding of financial products, their lifecycles and business controls. The BA will interface with Clients, Operations, IT, Project Management, and other internal and external third-party system owners. The candidate will be equally at ease discussing business and technical issues and will be able to lead solution discovery.
Why this role is important to us
The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.
Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What you will be responsible for
As Derivatives Business Analyst you will
1. Directs efforts cross-functionally and uses good understanding of business systems, financial industry, and system development lifecycle methodologies to support projects through their life cycle, with the emphasis on the analysis stage.
2. Directs the gathering of business/system requirements by facilitating user meetings, interviewing users, and researching and resolving issues.
3. Makes judgments on gathered analysis information, using flowcharting and other methodologies.
4. Leads the analysis of current processes and recommends solutions and improved processes.
5. May assume overall responsibility for and follow up of the solution delivery until the product is implemented and utilized.
6. Leads and reviews draft detailed requirements and related documentation.
Monitors project planning and management by documenting and maintaining plans, managing issue logs and preparing project documentation.
7. Utilize expert level of knowledge of implementation project and user needs.
Demonstrates understanding of the impact of problems on the organization as a whole and facilitate collaboration to achieve resolutions.
8. Leads the planning, configuration and execution of testing efforts for new developments, including but not limited to Business User Acceptance Testing (BUAT) & Client User Acceptance Testing (CUAT)
9. Communicates with client to ensures the effective use of the product and that client’s needs are met.
10. Use a broad array of communication tools to inform, persuade, influence, direct and facilitate communication within project teams and between Business and Technical teams.
11. Document business requirements using clear, concise language consistent with the methodology framework.
12. Ensure effectiveness of daily operations. Recommends revised procedures and processes.
13. Model and analyze business processes and assist the business in identifying ways to maximize operational efficiencies, quality and compliance.
14. Identify compile, analyze and document business requirements that accurately and thoroughly reflect business needs.
15. Acts as a liaison between users, developers, testers, and implementation specialists.
16. May direct special projects, e.g., conducting research, collecting and providing requested data, etc.
What we value
These skills will help you succeed in this role
17. MS Office Products and Jira
18. Macro/VBA knowledge preferred
19. Understanding of Testing management
20. Excellent analytical and interpersonal skills
21. Excellent verbal and written communication and presentation skills
22. Strong Client Management skills
23. Strong internal relationship management skills
Education & Preferred Qualifications
24. Minimum 5 years’ experience as a business analyst or Derivatives SME
25. Working knowledge of OTC Derivative products strongly preferred
26. Prior State Street or Charles River experience beneficial
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers