State Street · 13 hours ago
Summit IT Business Analyst, Assistant Vice President
Clifton, NJ
Full-time
Onsite
Mid, Senior Level
7+ years expState Street is one of the largest custodian banks and asset managers in the world, seeking a senior functional expert for the Finastra Summit application. The role involves delivering functional changes, engaging with various teams, and ensuring successful implementation of technology solutions to support business growth.
BankingFinanceFinancial Services
Responsibilities
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
Qualification
Required
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
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
Familiarity with the changing Regulatory landscape and how it affects the trade process
Strong attention to detail and ability to work independently as well as in a team environment
Experience interacting with several different teams including front office, back office, risk, compliance, and accounting
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
Awareness of product and market trends of how treasury technology is evolving in order to bring new solution ideas
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
Preferred
Bachelor's degree in accounting, finance, or computer science or another related major
Minimum of 7+ years of IT experience in financial services
Experience with FCM's, CCPs, Markitwire and Summit/Bloomberg
Benefits
Generous medical care
Insurance and savings plans
Flexible Work Programs
Development programs and educational support
Paid volunteer days
Matching gift programs
Access to employee networks
Company
State Street
State Street offers a range of financial services, including investment management, research and trading, as well as asset management.
10001+ employees
H1B Sponsorship
State Street has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2023 (1)
Funding
Current Stage
Public CompanyTotal Funding
$12.05B2025-10-23Post Ipo Debt· $1B
2025-04-24Post Ipo Debt· $2B
2025-02-06Post Ipo Equity· $750M
Leadership Team
Ronald O'Hanley
Chairman and Chief Executive Officer
R
Renee LaRoche-Morris
Senior Vice President, Chief of Staff to the COO; Head of CAO Services
Recent News
2026-01-09
2026-01-09
Company data provided by crunchbase