BNY Mellon Careers
Specialist Business Analysis Consultant - Corporate Trust
Specialist Business Analysis Consultant
The business analyst's primary objective is helping businesses implement technology solutions in a cost-effective way by determining the requirements of a project or program, and communicating them clearly to stakeholders, facilitators and partners.
Developing technical solutions to business problems begins with defining, analyzing and documenting requirements. Managing requirements at the project level can help fulfill business needs.
Business analysts typically take the lead role in:
· Assisting with the business case
· Planning and monitoring
· Eliciting requirements
· Requirements organization
· Translating and simplifying requirements
· Requirements management and communication
· Requirements analysis
Skilled business analysts also use requirements to drive the design or review of test cases, process change requests, and manage a project’s scope, acceptance, installation and deployment.
Seven Necessary Business Analyst Skills
By nature of the job, business analysts spend a great deal of time interacting with users, clients, management and developers. A project’s success may depend upon the business analyst clearly communicating details like project requirements, requested changes and testing results. Fluent language skills and written communication abilities are necessary to thrive in a business analyst career.
In order to identify business solutions, a business analyst should know what information technology applications are being utilized, what new possible outcomes can be achieved through current platforms and what the latest technology offers. Testing software and designing business systems are also important technical business analyst skills. Gaining respect and creating a sense of confidence among IT and business end-users requires a business analyst to speak with confidence about business and technology, and to demonstrate a strong technical aptitude.
A business analyst’s skill set should include outstanding analytical skills so that a customer’s business needs are properly interpreted and translated into application and operational requirements. One aspect of the job is analyzing data, documents, user input surveys and workflow to determine which course of action will correct the business problem. Strong analytical skills are beneficial in performing the business analyst’s job successfully.
Problem Solving Skills
While the ability to create workable solutions to business problems is not unique to business analysts, it is a necessary skill for performing the job successfully. As with most IT roles, the business analyst’s career may be spent dealing with frequent and random changes. When these professionals are working to developing custom business solutions, nothing is 100% predictable – so finding ways to quickly resolve problems and move toward a project’s successful completion is important in the business analyst’s role.
Another important business analyst skill is the ability to make decisions. As a consultant to management and advisor to developers, the business analyst is called upon for sound judgment in a wide variety of business matters, any number of which could determine the viability of the business. Business analysts should be able to assess a situation, receive input from stakeholders, and select a course of action.
Another skill a business analyst should possess is the ability to manage projects. Planning the project scope, directing staff members, handling change requests, forecasting budgets and keeping everyone on the project within allotted time constraints are just some of the management skills a business analyst should possess. Supervising projects of all sizes, from inception to implementation – and usually concurrently – can take a high degree of managerial skill.
Negotiation and Persuasion Skills
A successful business analyst serves as a liaison between developers and users, clients and companies, and management and IT. Finding the balance between individual wants and business needs, and then interacting with a variety of personality types toward a solution that works for the business, takes professional persuasion skills. When competing for client projects, a business analyst’s negotiation skills come into frequent use, with the goal of achieving a profitable outcome for the company and a working solution for the client. Maintaining relationships within an organization and with external partners is an important function of a business analyst that require strong negotiation and persuasion skills.
A successful business analyst takes core business skills and specialized knowledge that will advance a firm’s objectives, and contribute to its remaining competitiveness in a complex economy. These core skills include:
· Written and verbal communication, including technical writing skills
· Understanding of systems engineering concepts
· The ability to conduct cost/benefit analysis
· Business case development
· Modeling techniques and methods
Analyzes, defines and prioritizes the business requirements, functional specifications and operational architecture for up to and including highly complex strategic, global programs. Provides consultation to IT and business management on applying technology to business opportunities and planning and implementing cross-functional applications or systems. May allocate/coordinate work within a team/project. Elicits challenges, prioritizes requirements using standard processes and templates, and translates into functional design and use case documents. Develops project scope, objectives, constraints and assumptions for a given large, strategic, multi-year project. Participates and provides guidance in development of the technical design, test plans, and user documentation. Consults internal business groups on requirements, functional architecture and implementation. Tracks scope and change throughout the remainder of the initiative utilizing formal requirements management principles, including change control and requirements traceability. Gathers and analyzes information to assist in development of recommendations to address strategic business objectives that span multiple, global business and technology areas. Participates in industry forums and keeps current on domain knowledge for their specific business and application areas of expertise. Applies experiences with existing software and/or systems development processes to develop better processes to be used in the future. Actively influences software development, process improvement initiatives. Provides senior level consultation to internal business groups on process improvement projects designed to improve their business results. Contributes to the achievement of related teams' objectives.
Bachelor's degree in business or technical-related discipline, or equivalent work experience required, advanced degree preferred, 6-8 years of experience in providing consulting advice to senior IT and business management required, experience in the securities or financial services industry is a plus.
For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments & safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.
Client Technology Solutions provides our business partners with client-focused, technology-based solutions. These enhance their ability to be successful through world-class software solutions and leading-edge infrastructure. Client Technology Solutions provides employees with the tools and resources to enhance their professional qualifications and careers.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans.
Primary Location: United States-New York-New York
Internal Jobcode: 45141
Job: Corporate Trust
Organization: Clearing Markets ISS Svcs Tech-HR16624
Requisition Number: 1811548