Summit IT Business Analysis, Assistant Vice President

State Street; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading financial services firm in the United Kingdom is seeking a Summit Application Functional Analyst to work on delivering functional changes and to support the technology architecture roadmap. The ideal candidate will have over 4 years of expertise with the Finastra Summit application, extensive knowledge of financial products, and strong analytical and problem-solving skills. Collaborating across teams will be crucial in this role. This position offers a supportive and inclusive work environment with competitive benefits.

Benefits

Competitive medical care

Flexible work programs

Comprehensive benefits packages

Qualifications

• 4+ years of Finastra Summit Application expertise required.
• In-depth knowledge of financial products and capital markets.
• Experience with trade capture and derivatives processes.

Responsibilities

• Design and document functional requirements.
• Engage with business and IT teams.
• Develop and execute comprehensive test strategies.

Skills

Functional analysis

Financial products knowledge

Collaboration skills

Problem solving

Detail-oriented

Analytical skills

Education

Bachelor’s degree in accounting, finance, or computer science

Job description

Who we are looking for

Global Treasury IT is currently seeking a senior functional expert for the Finastra Summit application who will be responsible for delivering functional changes to support our technology architecture roadmap and new business growth.

The successful candidate will be involved in all levels of the software development cycle from requirements definition, design/development, and system test and quality assurance. The candidate needs to have a strong understanding for the Finastra Summit application functionality and what we can leverage or not in order to deliver solutions to the business. The candidate will also have strong business and technology acumen, a keen ability to build partnerships and foster close collaboration, and ability to drive solutions with various IT vendors, market service providers, and internal partners.

What you will be responsible for

As a Summit Application Functional Analyst you will

• Requires an in-depth knowledge of financial products, familiarity with fixed income, capital markets, interest rate derivative products.
• Understanding of trade settlements workflow controls, the effect of operational breakdowns; and a good understanding of front-to-back processes within a multifaceted trading environment.
• Candidate will need to have extensive experience with trade capture, rate reset process, profit and loss reporting and risk analysis as it applies to a derivative, (including IRS, Futures, Caps/Floors, FRAs, Swaptions), and securities.
• Candidate should be familiar with the changing Regulatory landscape and how it affects the trade process. The candidate must have a strong attention to detail and be able to work independently as well as the ability to work in a team environment.
• Candidate will interact with several different teams including front office, back office, risk, compliance, and accounting. Experience with FCM’s, CCPs, Markitwire and Summit/Bloomberg preferred.

• Engage with the business, IT, and downstream project members to design and agree and document end to end functional requirements
• Identify and resolve any potential dependencies, risks, and issues
• Provide input to the implementation plans to ensure efficient and successful implementation
• Input ideas into the coverage of test scenarios and conditions ensuring a comprehensive test strategy with the QA team
• Be aware of product and market trends of how treasury technology is evolving in order to bring new solution ideas to State Street

What we value

• Strong collaborative problem solving skills working across divisions and geographical boundaries
• Excellent verbal and written communication skills
• Detail oriented with strong organizational and analytical skills
• 4+ years of Finastra Summit Application expertise
• Detailed industry knowledge of Interest Rate Swaps, Money Market, and Fixed Income Products and Trade Lifecycle
• Knowledge of the Summit Data Model, functionality, and configuration setup experience a must

Education & Preferred Qualifications

• Bachelor’s degree in accounting, finance, or computer science or a another related major
• Minimum of 7+ years of IT experience in financial services

Additional requirements

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

Why this role is important to us

Our technology function, Global Technology Services (GTS), is vital to State Street and is the key enabler for our business to deliver data and insights to our clients. We’re driving the company’s digital transformation and expanding business capabilities using industry best practices and advanced technologies such as cloud, artificial intelligence and robotics process automation.

We offer a collaborative environment where technology skills and innovation are valued in a global organization. We’re looking for top technical talent to join our team and deliver creative technology solutions that help us become an end-to-end, next-generation financial services company.

Join us if you want to grow your technical skills, solve real problems and make your mark on our industry.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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