Business Analyst

2 weeks ago

Bengaluru, Karnataka, India State Street Full time

Role Summary & Role Description:

  • 6-8 years of work experience in financial services
  • Work with client servicing team in understanding the requirement
  • Work with the Client/IM to define the parameters of the testing request
  • Perform the testing by reviewing the clients test messages and providing them clear and accurate feedback.
  • Participate in onboarding client / Investment Managers SWIFT messages into State Street's Custody and Accounting applications.
  • Conduct implementation of multiple projects.
  • Work with multiple business units on trade data analysis and understanding what types of products a client trade
  • Liaise with internal teams to ensure all deployment activities - testing, data setup and operational readiness are well coordinated
  • Investigate inquiries from various State Street organizations and follows through to ensure that implementation problems and issues are addressed
  • Keep current internal procedures updated
  • Provide holiday coverage on rotational basis

Analyst will be responsible for client onboarding support to Business for Transaction Management process, specifically related to the ETD/SWIFT testing process. Responsibilities will also include working with client to establish the parameters of the test effort, reviewing SWIFT formatted messages to ensure they meet market practice and SSC standards, Setting up data in production and communication back and forth with the client. This team also performs the Level 3 support for Help Desk questions related to Inbound Swift messages.

Core/Must have skills:

  • Onboarding client / Investment Managers SWIFT messages into Custody and Accounting applications
  • Experience working in various security products like equities, bonds, fixed incomes, derivatives, short term securities and more.
  • Understanding the business processes and business requirements as they relate to Transaction Management and the platforms that process these transactions.
  • Experience working in SWIFT MT Messages
  • Working as part of deployment Team, including analysis, testing, and Experience in working with client servicing teams and clients.

Good to have skills:

  • Knowledge of ISO20022 and MX swift messages
  • Experience in transaction management, Securities settlement, Cash Settlement, FX settlement, Time Deposits, Back-office process
  • Knowledge of the different security types, regulations and other market practices related to processing of trades

Work Schedule: Hybrid

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.

State Street is an equal opportunity and affirmative action employer.

Discover more at

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