Business Analyst - Payment Platform

Job Description

Who we are looking for

State Street is looking for Business Analyst for a critical module as part of Global Banking Modernization program. Employee in this role is expected to closely with Business requirement activities related to payment processing. You must have a strong understanding of the global payments infrastructure as well as the various modernization initiatives across markets and Financial Market Utilities. You have extensive experience and demonstrated ability to act as a liaison between operational, project and technology teams, vendors and external industry groups working on large scale cross-platform high risk projects.

What you will be responsible for

As a Business Analyst you will:

• Actively attain SME level knowledge and understanding of business processes and flows via in-depth analysis of workflows and Standard Operating Procedures
• Host interviews and deep dive sessions in order to understand and document business use cases
• Develop a thorough test strategy and plan that is both efficient and encompasses all desired functionality and workflows
• Be the voice of the business, articulate and champion business requirements
• Collaborate across teams to coordinate testing activities across platforms
• Clearly and concisely communicate defects and expected results to IT and project partners
• Assess business impact of all identified defects and recommend prioritization
• Actively participate in operational readiness activities including planning, training and documentation
• Build meaningful and effective relationships with business, project and IT teams across the organization
• Think outside the box to identify and recommend opportunities to improve operational workflows through technology
• Develop and distribute business user acceptance testing metrics
• Perform business user acceptance testing
• Triage post implementation issues and defects, monitor resolution and coordinate re-testing efforts
• Develop and manage testing schedule and activities for all analysts on the team
• Coordinate and manage all external testing applicable to State Street’s payments infrastructure e.g. CHAPS, CHATS, RITS, FEDWire, CHIPS, SWIFT Standards etc.

What we value

These skills will help you succeed in this role

• Exceptional operational and IT knowledge and understanding of the global payments infrastructure including FEDWire, CHIPS, SWIFT (MT, ISO20022) etc.
• Understanding of liquidity management principles and processes as it relates to global payment settlement systems and correspondent banking models
• Proven ability to influence courageously at all level, excellent interpersonal and communication skills
• Demonstrated ability to manage testing activities in large scale corporate projects and a strong understanding of structured quality assurance practices
• Excellent problem solving and analytical skills, attention to detail and organization
• Self-starter with an aptitude to troubleshoot and learn independently
• Extensive hands-on experience managing large projects with competing priorities and diverse stakeholders

Education & Preferred Qualifications

• University degree in Business, Accounting, Finance, Information Technology or relevant professional experience
• 5+ years experience in the payments industry, managing testing/implementation activities for large scale enterprise projects with diverse stakeholders
• You can demonstrate in-depth knowledge of payments infrastructure, SWIFT network, ISO20022

Why this role is important to us

Our technology function, Global Technology Services (GTS), is vital to State Street and is the key enabler for our business to deliver data and insights to our clients. We’re driving the company’s digital transformation and expanding business capabilities using industry best practices and advanced technologies such as cloud, artificial intelligence and robotics process automation.

We offer a collaborative environment where technology skills and innovation are valued in a global organization. We’re looking for top technical talent to join our team and deliver creative technology solutions that help us become an end-to-end, next-generation financial services company.

Join us if you want to grow your technical skills, solve real problems and make your mark on our industry.

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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program 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 perspective 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 the 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 program 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.

Salary Range:

$100,000 - $160,000 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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