Business System Analyst,AVP

Regular/Temporary: Regular

Risk Technology works with the cross-business risk management user groups in State Street Global Markets ? Market Risk Management and Analysis, Credit Risk Management and Analysis? to build the tools and infrastructure used to measure, analyze and manage key risks, principally in the firm's trading and asset management businesses. These systems typically rely on quantitative models to estimate losses and other outcomes in the presence of uncertainty. They also rely on architectural features necessary for managing extremely large data sets and computations. In addition to being important inputs for senior management, the risk measures produced are also key inputs in determining the firm's regulatory capital reserve. The GM Risk IT group provides support to the global Credit / Market Risk Management group in the areas of information processing for measuring, quantifying, analyzing, and reporting the credit risk exposures of the company.

-State Street is seeking a Business System s Analyst, experienced credit and market risk professional.
-The successful candidate will have the opportunity to work on a variety of challenging projects in the team, with a mix of both a functional and a technical aspects and the opportunity to learn the business from experts.
-Business Case Definition & Cost Analysis. A strong appreciation of key business drivers and an understanding of the IT impact upon the business.
-Ability to rationalize and simplify complex processes into a succinct document outlining flow diagrams, tables, and business rules.
-Proven experience in a Analyst role within the financial sector. Superior analytical, problem solving skills, decision making, communication and leadership skills. Excellent organizational and interpersonal skills are required.
-Defining Business requirements, track/troubleshoot/coordinate resolution of any issues, maintain & improve control procedures for Credit Risk Mgmt. & IT functions.
-Good understanding of Counterparty Credit Risk Management.
-Ability to create complex financial models using Excel

Requirements:
-Bachelor?s degree in finance, business, economics or related field.
-Minimum of eight years? experience as analyst covering a number of the following counterparty types: hedge funds , collective investment funds, private equity funds, banks, broker-dealers
-People with experience working in, and a high degree of knowledge of Front Office / Middle Office/ Risk Management Technologies and Processes. With a particular focus on:
oIndustry expertise - CFA, Series 7
oTrading and Execution ? Fixed Income, Foreign Exchange, Market Data, and Risk Systems.
oCompliance and Legal - pre-trade, post-trade, regulatory (Basel II)
-Experience with Market Risk Controls & Processes
oClear Market Risk knowledge and experience - VaR, risk sensitivities and stress testing
oFinancial products knowledge
oExperience working alongside development teams

Skills and Knowledge:

- Strong knowledge of financial products including fixed income, foreign exchange, derivatives
-Effective written and verbal communication skills
-Strong quantitative and qualitative analytical skills combined with critical thinking
-Demonstrated high energy and strong motivation to add value to the organization
- Ability to present sound conclusions based on well-reasoned rationale to major stakeholders
-Willingness to work with others on the team on special projects
-Ability to work effectively with colleagues at all levels, from junior credit analysts to senior management
-Experience managing competing priorities within tight time constraints