IFDS - Straight Through Processing (STP) Business Analyst

Who we are looking for?
The primary area of focus area for this role will be on Straight Through Process (STP) dedicated projects. The Business Analyst is responsible for rolling out of STP connectivity between TA systems and external counterparties. They will be also liaising with business teams and external partners in order to elicit, analyse, communicate and validate requirements for business changes.

Why this role is important to us?
The team you will be joining is a part of International Financial Data Services (IFDS). IFDS is a world-leading provider of outsourcing and technology solutions to the financial services industry. With its global headquarters in Toronto, IFDS services over 240 financial organizations around the world, providing solutions to a wide range of global asset managers, wealth managers, banks, and insurance companies. IFDS is present in North America, EMEA and APAC. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

The Key Responsibilities of the Business Analyst:

• Support roll out of Swift STP for key counterparties.
  
• Build STP knowledge and in due course become a subject matter expert in systems and processes. (including but not limited to Swift and NSCC)
  
• Ensure that specialist knowledge is kept current and disseminated as appropriate and be aware of possible future developments and trends.
  
• Follow the BA process outlined in the BA and STP team's charter and structure and support the other members of the team.
  
• Defining mappings & business rules to achieve compatibility between "as is" and "to be" models.
  
• Working with business representatives to understand requirements, scope and acceptance criteria.
  
• Interpretation of business needs and translation into application and operational requirements.
  
• Analyse and document business processes.
  
• Walkthroughs of requirements with Business and Technology areas.
  
• Reporting of progress to Project Manager.
  
• Escalation of risks and issues to Project Manager.
  
• Develop requirement specifications according to standard templates using natural language.
  
• Working closely with developers and end users to ensure technical compatibility and user satisfaction.
  
• Provision of the Application Support Document.
  
• Assistance with & execution of User Acceptance Testing as required.
  
• Writing User Manuals, Training Material and Application Support Documents as required.
  
• Project management of small initiatives may be required from time to time.
  
• Contribute to the evolution of the BA Charter/Methodology to industry best practice.
  
• Potential management of BA staff - defining career path and goals on the PPR system and ensure all reports follow the BA process.
  
• Ensure direct reports documentation is created to the relevant standard.
  
• Initial Analysis of Change Requests.
  
• Provide accurate BA estimates to PMO/PM where requested.

In this Straight Through Process Business Analyst position we offer:

• STP is area that can increase efficiencies and as such this role is a real opportunity for growth and development for the right candidate. At the A2 level it's not expected that someone will have comprehensive knowledge initially though the candidate will drive themselves and the team to build this knowledge and expertise out.

Knowledge and Experience of the Straight Through Process Business Analyst:

• Working knowledge of Transfer Agency and Transfer Agency systems including Straight Through Process (STP) OR Business analysis experience.
  
• Knowledge of the Straight Through Process (STP) including swift expertise, NSCC knowledge and other areas that can improve STP within Transfer Agency would be preferred but is not essential.
  
• End to end experience of project lifecycle.
  
• Previous experience of implementation of new applications.

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

Job ID R-737984