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Payments Transformation Analyst, Senior Associate

State Street

State Street

Quincy, MA, USA
Posted on Wednesday, March 6, 2024
Job Description

Who we are looking for

Global Delivery Custody is forming a central support team for the Payments, Cash, and Custody (“PCC”) strategic development program. The team you will be joining is a part of PCC, a multi-year effort to modernize and simplify State Streets core custody technology platforms. The program is a collaborative approach across Global Delivery, Product, and Technology with integrated planning and decision making. Key outcomes include ensuring STT meets regulatory and market processing requirements, demands of current clients, and creating a world class, competitive Custody product offering.

Candidates must be able to familiarize themselves quickly with payment initiation and the underlying applications. Candidates must be well-organized, pay attention to detail, take ownership for assigned tasks, find solutions, and collaborate well with others.

As part of the Payment initiation project (PIP) value stream the candidate will provide support on impact analysis, business requirements, BUT testing, migration planning and execution and operational readiness in support of business outcomes

Why this role is important to us

Over the next 3-5 years State Street will deploy a next generation platform infrastructure that will be the foundation of our custody operating model and help drive our goals to improve service delivery, quality, resiliency, and productivity optimization. The first phase of the PIP project will be to replace State Street Cash Manager with PayHub and migrate all clients. In the next phase we will look to further rationalize other existing payment initiation applications.

What you will be responsible for

As part of the GD Transact Value Stream:

  • Ensure accurate tracking of workstream status including critical risks / issues and progress against milestones and targeted outcomes / benefits

  • Schedule and facilitate meeting and related documentation (agenda, meeting minutes, RAID logs etc.)

  • Conduct stakeholder impact assessments and documents findings (gap analysis, business requirements, process mapping etc.)

  • Support BUAT testing to ensure integrity of system data and operational requirements are clear, tested, and fully adopted

  • Support operational readiness activities such as user ID admin, procedures and control documentation, training documentation and facilitation, etc.

  • Support the development and execution of migration plans including issue identification, tracking, and remediation

  • Identify and mitigate risks using strong problem solving abilities and effective communication

What we value

These skills will help you succeed in this role

  • Creative thinking

  • Strong problem solving abilities

  • Ability to effectively collaborate and partner with Ops leads, technology partners, senior management and business counterparts

  • Flexible and adaptable with ability to thrive in a fast paced, dynamic environment

  • Solid organizational skills including attention to detail and multitasking skills

  • Exceptional communication and interpersonal skills

  • Ability to work independently and drive execution

Education & Preferred Qualifications

  • 3-5 years operational or project experience required

  • Knowledge of Cash/Payment/Banking Platforms is preferred but not required

Additional requirements

  • Experience with Microsoft; especially Excel & PowerPoint

  • Project management or business analysis skills is a plus but not required

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 StateStreet.com/careers

Salary Range:

$52,000 - $75,400 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.