Financial Risk Business Analyst, Officer, Hybrid

at  State Street

Team Overview:
The position is for a Financial Risk Business Analyst (Officer) within the Change Agency Team which is part of the wider Enterprise Risk Management (ERM) division. The Financial Risk group is responsible for risk oversight of State Street’s trading, banking and treasury businesses.
The Change Agency team supports the risk function from a business process and system application perspective, driving innovation and efficiency for the benefit of the global group. Our new team member will be involved in the business and process analysis supporting high priority change initiatives.

Target Individual:

• Curious and resourceful researcher who asks questions and is motivated to find answers
• Strategic problem solver who approaches work with an open mind and a sense of creativity by challenging current practice and recommending improvements to mitigate risks and create process efficiencies.
• Capable in managing tasks independently, with a willingness and ability to engage in multiple tasks concurrently
• Strong interpersonal, organizational, communication and presentation skills. Ability to effectively develop and manage relationships at all levels
• Team player

Key Responsibilities:

• Undertake analysis on a portfolio of projects ranging from the implementation of new products, regulatory initiatives (implementation and remediation), risk process re-engineering, risk application process improvement, etc.
• Propose and implement enhancements to the credit approval and risk management processes
• Create and draft program plan tracking, status reporting, supporting governance forums
• Establish and maintain procedure and working documents
• Interface between internal clients (Financial Risk colleagues and internal business partners) and technology teams to assist with defining and documenting business requirements (i.e. business process, system, user and source code documentation).
• Participate in testing, training, demonstrations of newly designed risk solutions/ features
• On a rotating basis, oversee and provide support for risk application users through a group mailbox
• Once per quarter, execute business check-out for our Risk Applications production release over a weekend.

Education/ Experience:

• Master’s degree in a related field (i.e. business, finance, accounting, etc.)
• Preferred 3-5 years experience in credit risk or financial analysis with a broad knowledge of credit and capital market products.
• Experience with lending business processes and/or counterparty credit risk trading processes, policies, procedures
• Knowledge of trading products (especially FX, securities lending, credit, and derivatives) a plus
• Experience with credit risk and/or market risk management applications, i.e. limit management, analysis and risk survey applications, either as a user or a designer
• Proficiency in database usage and understanding. Includes:
• Usage of relational databases (MySQL, SQL Server and Oracle)
• Sorting through large data sets to identify patterns and relationships that can help solve business processes through analysis
• Data visualization
• Proficiency with Word, Excel, PowerPoint
• Familiarity with various software development methods (i.e. Agile, DevOps, Waterfall, Rapid application development) is a plus
• Experience building test cases, performing testing, and triaging defects, etc. is a plus

• Undertake analysis on a portfolio of projects ranging from the implementation of new products, regulatory initiatives (implementation and remediation), risk process re-engineering, risk application process improvement, etc.
• Propose and implement enhancements to the credit approval and risk management processes
• Create and draft program plan tracking, status reporting, supporting governance forums
• Establish and maintain procedure and working documents
• Interface between internal clients (Financial Risk colleagues and internal business partners) and technology teams to assist with defining and documenting business requirements (i.e. business process, system, user and source code documentation).
• Participate in testing, training, demonstrations of newly designed risk solutions/ features
• On a rotating basis, oversee and provide support for risk application users through a group mailbox
• Once per quarter, execute business check-out for our Risk Applications production release over a weekend