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OTC Derivatives Onboarding Analyst, Officer

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State Street

2mo ago

  • Job
    Full-time
    Senior (5-8 years)
  • Dublin

AI generated summary

  • You should have experience in OTC derivatives, strong analytical skills, attention to detail, and proficiency in onboarding processes to ensure compliance and efficiency.
  • You will manage the onboarding process for OTC derivatives, ensuring compliance, verifying documentation, and liaising with internal teams and clients to facilitate smooth transactions.

Requirements

  • Business analyst experienced in trade processing, with sound knowledge of Derivatives, is required to work within the MO OTC Onboarding team to perform detailed analysis of client requirements, liaise with development and technology teams, business area and external parties. The candidate will demonstrate experience working with middle and back-office derivatives processing to define detailed requirements while working alongside the technical resources to build solutions.
  • The successful candidate will be able to discuss business requirements in detail exhibiting a good understanding of financial products, their lifecycles and business controls. The BA will interface with Clients, 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.
  • Minimum 5 years' experience as a business analyst or Derivatives SME
  • Working knowledge of OTC Derivative products strongly preferred
  • Prior State Street or Charles River experience beneficial

Responsibilities

  • What you will be responsible for
  • As Derivatives Business Analyst you will
  • 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 - up of the solution delivery 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.
  • Leads the planning, configuration and execution of testing efforts for new developments, including but not limited to Business User Acceptance Testing (BUAT) & Client User Acceptance Testing (CUAT)
  • Communicates with client to ensures 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.

FAQs

What is the primary role of an OTC Derivatives Onboarding Analyst?

The primary role of an OTC Derivatives Onboarding Analyst is to perform detailed analysis of client requirements related to trade processing, liaise with development and technology teams, and ensure that business needs are met throughout the onboarding process of OTC derivatives.

What qualifications are required for this position?

Candidates should have a minimum of 5 years of experience as a business analyst or in a derivatives subject matter expert role, along with a working knowledge of OTC derivative products. Experience with State Street or Charles River is also beneficial.

What skills are essential for success in this role?

Essential skills include excellent analytical and interpersonal skills, proficiency in MS Office Products and Jira, understanding of testing management, strong client management skills, and effective verbal and written communication abilities.

What type of projects will the OTC Derivatives Onboarding Analyst be involved in?

The analyst will be involved in projects that require gathering requirements, leading process analysis and improvement initiatives, and planning and executing testing efforts for new developments.

Who will the analyst interact with during their role?

The analyst will interface with clients, operations, IT, project management, and other internal and external third-party system owners.

What kind of tools will the analyst use for documenting business requirements?

The analyst will use a broad array of communication tools and methodologies, such as flowcharting and other documentation techniques, to ensure clarity and completeness when capturing business requirements.

Is experience with specific software preferred for this role?

Yes, familiarity with Macro/VBA is preferred, along with extensive experience using MS Office Products and Jira.

Why is this role important to State Street Global Services?

This role is crucial because it supports the onboarding process of OTC derivatives, aiding asset owners and managers in utilizing the financial tools necessary for effective investment solutions and ultimately assisting clients in making informed investment choices.

What are the opportunities for personal development in this position?

State Street offers a wealth of development programs and educational support to help employees reach their full potential, alongside flexible work arrangements to balance professional and personal life.

How does State Street value diversity and inclusion in hiring?

State Street is committed to creating an inclusive environment by welcoming candidates of diverse backgrounds, experiences, and perspectives. They actively engage with communities worldwide to support social responsibility while fostering a workplace where everyone can thrive.

State Street

We’re at the heart of financial services. And our clients are at the heart of everything we do.

Finance
Industry
10,001+
Employees
1792
Founded Year

Mission & Purpose

At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future.