Bank Loans - Assistant Vice President at State Street
Quincy, MA 02171
About the Job
State Street’s Alpha Business Architecture team is seeking a versatile individual with senior business and data analysis skills for development and support of enhancing our services and product offerings. The candidate will be able to support the delivery of cross-operations, high priority projects across all typical project phases in support of strategic initiatives impacting complex instruments from an Alpha Front to Back.
What you will be responsible for
Business analyst experienced in trade processing, with sound knowledge of Bank Loans or fixed income, is required to perform detailed analysis of requirements, liaise with the business groups and external parties. The candidate will demonstrate experience working with middle and back office derivatives processing to define detailed requirements and working alongside the technical resources to build technical solutions.
The successful candidate will be able to discuss business requirements in detail exhibiting a good understanding of financial products and business controls. The BA will interface with 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.
• 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.
• Directs the gathering of business/system requirements by facilitating user meetings, interviewing users, and researching and resolving issues.
• Makes judgments on gathered analysis information, using flowcharting and other methodologies.
• Leads the analysis of current processes and recommends solutions and improved processes.
• May assume overall responsibility for and follow up of the project execution until the product is implemented and utilized.
• 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.
• 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.
• Communicates with client to ensure the effective use of the product and that client’s needs are met.
• Use a broad array of communication tools to inform, persuade, influence, direct and facilitate communication within project teams and between Business and Technical teams.
• Document business requirements using clear, concise language consistent with the methodology framework.
• Ensure effectiveness of daily operations. Recommends revised procedures and processes.
• Model and analyze business processes and assist the business in identifying ways to maximize operational efficiencies, quality and compliance.
• Identify compile, analyze and document business requirements that accurately and thoroughly reflect business needs.
• Acts as a liaison between users, developers, testers, and implementation specialists.
• May direct special projects, e.g., conducting research, collecting and providing requested data, etc.
Qualifications:
• Bachelor’s degree with at least 5 years’ experience as a business analyst or Derivatives SME
• Working knowledge of Fixed Income products strongly preferred
• MS Office Products – especially Excel
• SQL knowledge preferred
• Excellent analytical and interpersonal skills
• Excellent verbal and written communication and presentation skills
• Strong relationship management skills
Education & Preferred Qualifications
• BS/BA degree required. Must have a minimum of 5-7 years of related experience, preferably in financial services industry
• Experience in working with Bank Loan asset class required
• Proficiency with Wall Street Office (WSO)