At a Glance
- Tasks: Join our team to implement innovative data solutions and enhance client services.
- Company: State Street, a leader in financial services with a focus on growth and collaboration.
- Benefits: Flexible work-life support, paid volunteer days, and inclusive development opportunities.
- Other info: Dynamic, global environment with excellent career growth potential.
- Why this job: Make a real impact in the financial sector while working with cutting-edge technology.
- Qualifications: Experience in financial data and strong analytical skills are essential.
The predicted salary is between 63000 - 77000 £ per year.
State Street Alpha Data Implementation organization is seeking individuals with subject matter expertise spanning a wide array of financial instrument types and working knowledge of Asset Management Data Domains to join our team as an Implementation Business Analyst.
Implementation Business Analysts are at the heart of continued growth of our Alpha Data Services offering. These energetic, self-motivated individuals collaborate with clients and Business, Data and Technology Solution Architecture leads at State Street and Charles River on a daily basis to articulate business requirements, navigate dependencies and drive innovative enhancements that empower our architecture to support new and more robust Front, Middle and Back Office managed data services - allowing our clients to focus on generating revenue for their core business.
What you are responsible for:
- Contribute to the integration of new data services and sources by participating in requirement gathering, testing and support of newly developed features as part of the Product’s scaled agile teams.
- Work as a member of the Client Implementation Team with the Development teams as well as the Project Manager to help establish project delivery plans and delivery estimates for projects involving integration of client middle or back-office data.
- Guide Clients on required reference data and other setups and mapping as part of initial client implementations.
- Define and maintain standards around data ingestion, enrichment and validation of client portfolio data into our Enterprise Data Management solution.
- Perform in-depth analysis of the functional capabilities inherent to our existing and emerging data platform.
- Document product specifications and prepare business cases to drive development in scaled agile rooms.
- Capture ongoing enhancements to scope of services for existing clients as needed into roadmap.
- Create and maintain client facing documentation.
- Maintain an excellent working knowledge of the service offering to perform Subject Matter Expert activities: consultancy, implementation configuration and demonstrations.
Education and Preferred Qualifications:
- Bachelor's degree or higher in Finance, Accounting, Computer Science, Information Systems, or a related discipline.
- 5+ years of experience working with investment accounting, portfolio management, investment operations, or financial data across asset classes including Fixed Income, Equities, Derivatives, Forwards, Futures, Cash, Positions, Settlements, General Ledger, NAV, Corporate Actions, Pricing, and Benchmark data.
- Experience supporting software implementation projects, data onboarding initiatives, platform migrations, or enterprise data services programs within the financial services industry.
- Good understanding of investment management operating models and the lifecycle of investment data from front office through accounting, performance, reporting, and downstream consumers.
- Proven experience conducting client workshops and requirements gathering sessions to elicit, document, validate, and prioritise business, functional, and data requirements.
- Strong data analysis and data mapping skills, including creation of source-to-target mappings, transformation rules, data dictionaries, business rules, and cross-reference documentation.
- Experience with ETL/ELT processes, data ingestion frameworks, and data integration solutions used to acquire, transform, and load data between systems.
- Ability to analyse source system data structures and reconcile data between upstream platforms, operational systems, and target data warehouses.
- Experience performing data profiling, root-cause analysis, data quality assessments, exception resolution, and reconciliation activities.
- Understanding of data governance concepts including data quality, metadata management, data cataloguing, lineage, stewardship, controls, and ownership.
- Strong understanding of relational data models, dimensional data modelling concepts, and data warehouse architectures including fact and dimension structures.
- Knowledge of security master, reference data, benchmark data, pricing data, corporate actions, positions, transactions, and performance measurement data domains.
- Familiarity with data lineage, traceability, impact analysis, and end-to-end data flow documentation.
- Working knowledge of data structures and data models within investment platforms such as Aladdin, CRIMS, Charles River, Eagle, or other Front Office and Investment Management platforms.
- Strong SQL skills with the ability to write complex queries, joins, aggregations, reconciliation queries, and validation scripts.
- Experience working with structured and semi-structured data formats including SQL tables, CSV, XML, JSON, and Parquet.
- Exposure to cloud-based data and analytics platforms such as Snowflake, Databricks, AWS, Azure, or Google Cloud.
- Familiarity with reporting and business intelligence tools such as Power BI, Tableau, ThoughtSpot, or similar platforms.
- Understanding of API-based integrations, file-based interfaces, data exchange patterns, and system integration concepts.
- Experience supporting System Integration Testing (SIT), User Acceptance Testing (UAT), parallel testing, data validation, and production readiness activities.
- Understanding of conversion, migration, cutover, and implementation activities associated with large-scale data onboarding programs.
- Strong communication and stakeholder management skills, with the ability to translate technical concepts into business language and vice versa.
- Experience working in Agile delivery environments utilizing tools such as JIRA, Rally, Azure DevOps, or similar platforms.
- Highly detail-oriented with a strong sense of ownership, accountability, and follow-through.
- Proficient in Microsoft Office tools including Excel, Word, PowerPoint, and Visio.
- Team-oriented and comfortable working in a collaborative, global environment with clients, vendors, and cross-functional teams.
- Self-motivated, adaptable, and capable of managing multiple priorities in a fast-paced environment.
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
Alpha Data Implementation, Implementation Business Analyst (AVP) employer: State Street Corporation
State Street is an exceptional employer that prioritises the growth and well-being of its employees, offering a dynamic work culture where innovation thrives. With a commitment to inclusivity, flexible work-life support, and opportunities for professional development, employees are empowered to reach their full potential while contributing to meaningful projects in the financial sector. Located in a vibrant environment, State Street fosters collaboration and creativity, making it an ideal place for those looking to make a significant impact in the world of finance and technology.
StudySmarter Expert Advice🤫
We think this is how you could land Alpha Data Implementation, Implementation Business Analyst (AVP)
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like State Street Corporation. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Alpha Data Implementation, Implementation Business Analyst (AVP)
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to State Street Corporation.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on State Street Corporation's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at State Street Corporation
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with State Street Corporation.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at State Street Corporation will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former State Street Corporation employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
