At a Glance
- Tasks: Join us as a Data Analyst to shape our global custody data strategy and drive innovation.
- Company: State Street is a leader in Asset Servicing, transforming the financial landscape with cutting-edge solutions.
- Benefits: Enjoy flexible work options, competitive pay, and opportunities for professional growth.
- Why this job: Be part of a dynamic team that values creativity and collaboration while making a real impact.
- Qualifications: 3-6 years in Securities Services; strong analytical skills and experience with data tools required.
- Other info: This role offers a unique chance to influence data-driven decisions in a global context.
The predicted salary is between 48000 - 84000 £ per year.
Job Description
Global Custody Product Development Data Analyst – AVP
The Product organization is recruiting a data analyst supporting the Data Management lead globally.
The individual will partner with the Product team, Global Delivery (operations) and Technology to execute on the custody data strategy particularly focused on cloud native data platform, custody logical data model, data channels, and data insight progression of analysis, visualization and prediction, in alignment with Custody product\’s strategic objective to strengthen State Street\’s position in the Asset Servicing industry. State Street\’s product organisation is leading an exciting period of transformation for the business and requires experienced leaders to take the business forward.
The role will initiate and support the design and development of solutions closing identified data gaps in alignment with the strategy to build a data driven operating model.
Function
As an experienced data analyst you will work with the data practice lead to effectively execute on the overall strategic agenda described above. The role reports to the product development data management lead.
The role requires you to be proactively involved in the assessment of available market intelligence (trends, innovations, standards and tools) and stakeholder feedback (clients and coverage/product management) to support the evolution of the custody business data needs.
Responsibilities
- Execute on the strategy to build a data driven operating model partnering with technology, office of architecture, operations and enterprise data management covering:
- Data governance and quality
- Logical data modeling based on ISO20022 standards to be aligned with the custody operating model
- Data channels – Lead design and support of SDLC as Product Owner supporting custody APIs and enhancements to client data reporting portals. Alignment of ISO based logical data model to custody capabilities and data consumption marts supporting distribution channels.
- Data insights – work with the huge quantity of raw data collected and develop relevant actionable insights
- Participate in iterative technology development
- Ensure change remains aligned to existing standards and/or internal enterprise data management policies.
- Support design and efficiency of the operating model such as the development of operational control oversight and dashboard across the custody capability with actionable workflows, partnering with technology and operations
- Partner with product control in development of custody product data visualization platform to provide insight into the business.
- Responsible for ensuring appropriate governance, compliance with policies/frameworks and oversight of issues, risks, audit and compliance items related to data topics
- Present to senior management as requested and lead delivery of initiatives as required.
Skills
- Background or experience in data solutions, data modelling, analysis and visualization
- Good understanding of the custody domain and capabilities to make informed decisions and data related to this subject area – critical to understand the business applications of data insights (e.g., what business questions need to be answered) and what data elements will effectively satisfy those needs.
- Strong analytical skills
- Aside from technical skills, be able to present data in a way that is both understandable and compelling.
- Proven change agent with track record of delivery
- Have an understanding of a techniques and tools, key areas of focus – data management, BI tool usage, dashboarding, charting, report development, data visualization
- Strong stakeholder management skills with an ability to navigate organization
- Prior experience of successfully delivering change in a complex environment while managing competing environments and delivering projects using Agile and Waterfall techniques
- Proven change agent with track record of delivery
- Experience with mapping business and system process flows using standard tools (Visio, ARIS, etc.).
- Track record of working in the data space with ISO standards and development of data solutions to solve problems
- Familiarity with industry integration tools and their applicability in shortening the chain of custody across the investment lifecycle
Experience
- With 3 to 6+ years\’ experience in Securities Services (product, ops, business analysis)
- Worked in Product organizations in prior roles
- Operated at a global level
- Prior experience working in data and/or technology- familiarity with tools such as JavaScript, Python & Python Libraries, Structured Query Language (SQL), Hadoop, Snowflake, Qlik, Tableau, Microsoft Excel, Artificial intelligence, Collibra, Manta
- Consultative experience
- Track record of solving data integration challenges and building data solutions across complex and at scale services
Outcomes expected from the roles
- Good understanding of custody and related data management needs
- Maintain up to date understanding of data tools, standards and changes in building actionable insights
- Responsible for issue and risk escalation
- Project / initiative ownership as requested as the product owner
- Appropriate governance and audit trail on documentation of all key decisions and actions.
Split of role:
- Data strategy design, development and execution: 85%
- Market / Client interaction: 15%
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Contact Detail:
State Street Corporation Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Global Custody Product Development Data Analyst, Assistant Vice President
✨Tip Number 1
Familiarise yourself with the latest trends in data management and custody services. Understanding the current market landscape will help you engage in meaningful conversations during interviews and demonstrate your proactive approach to staying informed.
✨Tip Number 2
Network with professionals in the custody and data analytics fields. Attend industry events or webinars to connect with potential colleagues and learn more about the challenges they face, which can provide valuable insights for your application.
✨Tip Number 3
Brush up on your technical skills, especially in tools like SQL, Python, and data visualisation software. Being able to discuss your hands-on experience with these technologies will set you apart from other candidates.
✨Tip Number 4
Prepare to discuss specific examples of how you've successfully delivered change in complex environments. Highlighting your experience with Agile and Waterfall methodologies will show that you're equipped to handle the demands of this role.
We think you need these skills to ace Global Custody Product Development Data Analyst, Assistant Vice President
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in data analysis, data management, and the custody domain. Use specific examples that demonstrate your analytical skills and familiarity with tools like SQL, Python, and data visualisation software.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and how your background aligns with the responsibilities outlined in the job description. Mention your experience with data governance, logical data modelling, and your ability to present data insights effectively.
Showcase Relevant Projects: If you have worked on projects related to data solutions or custody services, be sure to include these in your application. Highlight your role, the challenges faced, and the outcomes achieved to demonstrate your capability as a change agent.
Prepare for Potential Questions: Anticipate questions related to your experience with data integration challenges and your understanding of ISO standards. Be ready to discuss how you've successfully delivered change in complex environments and your approach to stakeholder management.
How to prepare for a job interview at State Street Corporation
✨Understand the Custody Domain
Make sure you have a solid grasp of the custody domain and its capabilities. Be prepared to discuss how data insights can answer specific business questions and what data elements are necessary to meet those needs.
✨Showcase Your Analytical Skills
Demonstrate your strong analytical skills by discussing past experiences where you've successfully turned raw data into actionable insights. Use examples that highlight your ability to present data in a clear and compelling manner.
✨Familiarity with Tools and Techniques
Be ready to talk about your experience with data management tools and techniques, especially those mentioned in the job description like SQL, Python, and data visualisation tools. Highlight any relevant projects where you've used these tools effectively.
✨Stakeholder Management Experience
Prepare to discuss your experience in managing stakeholders and navigating complex organisational structures. Share examples of how you've successfully collaborated with different teams to deliver projects, particularly in a global context.