Loan IQ Business Analysis

Job Description
Who we are looking for:
We are currently seeking for a Functional Business Analyst to join our team, who will be working on our strategic Corporate Lending Program within Global Credit Finance IT. The role will focus on multiple projects across the program which is comprised of IT change projects on Loan IQ related to new business revenue opportunities, transformation and risk excellence initiatives, new portfolio management tools, and BAU efforts to support the Global Credit Finance (GCF) business.

What You Will Be Responsible For
As a Functional Business Analyst within Global Credit Finance IT you will:

• Interact with various stakeholders to identify, define and document detailed business requirements
• Actively engage and execute assignments for large and complex business solutions initiatives across Global Credit Finance
• Identify and resolve any potential dependencies, risks, and issues
• Provide input to the technology solutions and recommend appropriate enhancements aligned to industry standard practices
• Provide in-depth evaluation of new IT efforts and evolving business requirements and priorities to recommend applicable system solutions (tactical vs. strategic)
• Appropriately assess business processes, systems and industry standards when developing solutions and recommending appropriate alternative process
• Research and respond to queries and issues raised by internal clients and partners
• Identify areas requiring analysis of existing process and usage of loan system and provide resolution or recommendation for more efficient operations
• Support transformation initiatives in payments including industry wide move of SWIFT ISO20022- from MT TO MX and real time payment integration and readiness
• Experience in product or platform-wide release and change management, in addition to deployment processes and strategies
• Assist in special projects as needed

Must Have Skills

• Strong collaborative problem solving skills working across divisions and geographical boundaries
• Excellent verbal and written communication skills
• Proficient knowledge of product and software development life cycle, design and business analysis
• Knowledge of electronic banking applications and systems, including high and low volume payment systems (Swift, Money Transfer, ACH, DDA, etc.)
• Strong verbal and written communications to build trust and rapport with stakeholders, partners and customers
• Strong understanding of Corporate Lending and Loan Servicing
• Experience in using Loan IQ and using Agile methodologies and tools like Jira
• Techno-functional skillset
• Ability to write SQL Queries
• Knowledge of Loan IQ API's, Data Model, Functionality a significant plus
• Knowledge and experience in working closely with Operations, IT partners, vendor and Change Management.

Nice to have skills

• Input ideas into the coverage of test scenarios and conditions ensuring a comprehensive test strategy with the QA team
• Aware of product and market trends of how loan technology is evolving in order to bring new solution ideas
• Detail oriented with strong organizational and analytical skills
• Superb prioritization and time management skills

Education & Preferred Qualifications

• Bachelor's degree or equivalent in Business, Finance or related fields
• Minimum of 12+ years of technology delivery experience in financial services
• Business Analyst experience
• Strong understanding of Finastra Loan IQ functionality, including business transaction processing and Loan IQ front end tables.

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 ID: R-779007