Business Analyst - Middle Office, AVP

State Street Corporation; United States; On-site; USD 80,000 - 140,000; Full time

Job summary

State Street Corporation’s Charles River Development Middle Office team seeks a Business Analyst to collaborate with clients and development to enhance the CRD Investment Management System. The role focuses on investment accounting features and full lifecycle product development to support end users’ middle office workflows.

You will translate business needs into functional specs, contribute to requirement documents, and work closely with cross-functional teams to deliver timely, high-quality

Qualifications

• 5+ years of software development lifecycle experience, Agile preferred.
• Strong experience in middle office investment management and accounting functions.
• Strong communication and interpersonal skills.
• Advanced writing and analytical abilities.
• Ability to translate customer business needs into application requirements.
• Strong technical background and planning/scheduling skills.
• Curiosity about financial markets and trading.
• BS in CS/Engineering/Math or MIS; MS/MBA preferred.

Responsibilities

• Apply detailed knowledge of business requirements and workflows to assist in product development.
• Research and produce business and technical requirement documents.
• Gather product requirements with customers and product management; participate in full software lifecycle.
• Partner with development to implement and refine features.
• Plan and schedule validation tasks; perform hands-on testing; develop verification plans.
• Provide feedback on product performance and documentation accuracy.
• Support client beta testing and train users on new releases.
• Assist with project schedules and deliverables management.
• Support implementation and resolve escalated client issues.
• Participate in Agile SCRUM ceremonies and group testing.

Skills

Software development lifecycle

Agile methodologies

Investment management

Communication skills

Analytical skills

Requirement translation

Education

BS in Computer Science/Engineering/Mathematics or MIS

MS/MBA preferred

Job description

Job Description

The Chares River Development Middle Office team is looking to hire a Business Analyst who will be responsible for working with clients and development to create solutions to improve the client experience, the product feature set, and the strategic position of the CRD Investment Management System. The Business Analyst will become a Charles River product expert and help to ensure that our software products effectively aid our end users with their middle office workflows. The Business Analyst will focus on investment accounting products, participating in the full software development lifecycle and contributing as a member of a feature-focused product development team. They must be familiar with both financial and technical concepts, with a strong ability to deliver against specific requirement in a timely fashion on a project by project basis.

Why this job is important to us

Charles River Development brings together data and capabilities across the investment lifecycle to help our clients make better decisions, grow at scale, and deliver returns for their clients. Our diverse team of highly skilled technologists and professionals are agile thinkers and problem solvers, committed to our end users and engineering excellence. We use mentorship and teamwork to impact and drive our business forward every day. By joining the Middle Office team, you will use advanced technology and critical thinking to challenge the status quo and drive results. At Charles River Development (CRD) we've been creating some of the most insightful and complex asset management technologies since 1997. Through our commitment to product quality and operating through a client-focused lens, we've experienced continuous growth. Charles River IMS is strategically aligned to innovate the future of investment management technologies. Together with State Street's middle and back office capabilities, Charles River's cloud-deployed software technology forms the foundation of State Street Alpha

What you are responsible for

• Apply detailed knowledge of business requirements and workflows to assist in product development
• Research and produce business and technical requirement documents
• Work directly with customers and product management team to gather product requirements and develop feature specifications; involvement in all aspects of the software product life cycle
• Partner with development to help develop, implement, and refine features
• Plan and schedule validation tasks; provide hands‑on manual tests; develop verification plans and processes
• Provide feedback on product performance
• Review documentation to ensure accurate and complete documentation
• Provide client beta testing support and train personnel on capabilities of new product releases
• Assist with the management of project schedules and deliverables
• Assist implementation and support to resolve escalated client issues
• Actively participate in the Agile software development process by adhering to the CRD Scrum Methodology including attending all daily standups, sprint planning, backlog grooming, and retrospectives.
• Participate in group testing activities as needed.

Requirements

• 5+ years of software development lifecycle experience, particularly Agile methodologies preferred
• Strong experience with middle office investment management and investment accounting functions
• Strong communication and interpersonal skills, including negotiation skills
• Advanced writing skills, including the ability to abstract/summarize highly detailed information
• Strong analytical skills, including the ability to reconcile conflicting data
• Ability to translate customer business needs into application requirements
• Strong technical background
• Demonstrated planning and scheduling skills
• Curiosity and interest in financial markets and trading.
• Demonstrated ability translating business requirements into comprehensive functional and technical product specification documents
• Knowledgeable in one or more CRD functional financial areas strongly desired.
• Education: BS Degree in Computer Science, Engineering, Mathematics, or study of Business with an MIS background. MS/MBA degree strongly preferred
• Strong experience with derivative lifecycle events including both Over the Counter and Exchange traded instruments.

Salary Range

$80,000 - $140,000 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Employees are eligible to participate in State Street's comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

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.

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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Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.