Job Summary

Business analyst experienced in trade processing, accounting, with knowledge of OTC and cleared derivative. As a OTC derivative expert/business analyst to work within our onboarding product team and bring industry best practices in front to back workflows for OTC derivatives. Required to perform detailed analysis of system and operational requirements, liaising with the business, technical parties. The successful candidate will manage a team to deliver State Streets DHUB strategic solution.

The successful candidate will be able to discuss business requirements in detail exhibiting a good understanding of complex financial instruments, analyzing current systems, and designing components for future solutions project governance, business process. This individual will interface with Internal Clients, operations, IT, Project Management, and other internal system owners. The candidate will be required to present and discuss business and technical issues and solutions.

• Model and analyze business processes and assist the business in identifying ways to maximize operational efficiencies, quality and compliance.
• Directs the gathering of business/system requirements by facilitating user meetings, interviewing users, and researching and resolving issues.
• Leads the analysis of current processes and recommends solutions and improved processes, prepares solution proposals on gathered analysis information, using flowcharting and other methodologies..
• Drafts detailed requirements and related documentation, Document business requirements using clear, concise language consistent with the methodology framework.
• Demonstrates understanding of the impact of problems on the organization and facilitate collaboration to achieve resolutions.
• Ensure effectiveness of daily operations. Recommends revised procedures and processes.
• Identify compile, analyze and document business requirements that accurately and thoroughly reflect business needs.
• 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)
• Acts as a liaison between users, developers, testers, and implementation specialists.

Individual Accountabilities

• Product expert for Centre of excellence. Comprehensive and demonstrated knowledge of overall process and operating models
• Develop and deliver training/coaching
• Ensure SOPs/regulations are met and escalate as needed
• Exercise discretion and judgment with respect to matters of significance
• Resolve issues, make exceptions and prioritize actions
• Experience in UAT/BUAT testing
• Creating test scripts in alignment with Business Requirements Documents
• Encourage suggestions for, and implementation of, continuous improvements to core products and services
• Help others adapt to new values, attitudes, norms and behaviours that support new ways of doing work and limiting risk
• Identify and report all risk and compliance issues, breaches and suspicious activities
• Act in accordance with Risk Excellence as part of our Way Ahead foundation

Qualifications

• Minimum 5 -7 years as a business analyst or Derivatives SME with people management experience
• Working knowledge of OTC Derivative products strongly preferred
• Hands-on experience with Visio for process modelling
• Understanding of SQL and data analytical functions
• Experience with requirements management tools, Python ,AWS
• Familiarity with UI development technologies is a plus
• Macro/VBA knowledge preferred
• Understanding of Change Management
• Excellent verbal and written communication and presentation skills
• Strong Client Management skills
• Strong internal relationship management skills

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

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