Alpha Product Business Analyst

State Street•Boston, MA

About The Position

State Street is seeking an experienced, product-minded Alpha Product Business Analyst to partner with Business and Technology teams on investment technology initiatives. The role combines IDC product development, business analysis, automation solution delivery, and functional support. The analyst will translate investment operations needs into scalable, reusable data validation and reconciliation capabilities, support delivery across the SDLC, and provide hands-on analysis for client onboarding, Middle Office reconciliation, and conversion events as needed. The successful candidate will move between business requirements, investment workflows, data analysis, documentation, testing, project tracking, and functional support. They will demonstrate ownership, practical problem-solving, and the ability to work across teams to deliver scalable business solutions.

Requirements

At least 6 years of experience in Product Analysis, Business Analysis, Investment Operations, Financial Services Technology, Reconciliation, or Application Support.
Knowledge of Middle Office, IBOR, and investment operations workflows.
Experience with reconciliation processes, including matching, break analysis, exception management, and root-cause investigation.
Experience translating manual operational processes into repeatable, rules-based workflows, data quality checks, or reconciliation controls.
Ability to interpret source-to-target mappings, data relationships, and transformation rules across investment systems.
Strong understanding of SDLC, Agile, requirements management, UAT, manual testing, implementation, and production support.
Strong documentation, analytical, troubleshooting, and problem-solving skills.
Working knowledge of Jira, Confluence, SharePoint, Excel, or comparable tools.
Strong communication and stakeholder-management skills, with the ability to independently manage multiple priorities.

Nice To Haves

Working proficiency in SQL and relational data analysis to validate datasets, investigate discrepancies, and support functional testing.
Experience with RKS or comparable investment accounting or Middle Office platforms.
Exposure to CRIMS, ADP, IBOR platforms, Front Office systems, or comparable investment management solutions.
Understanding of end-to-end front-to-middle-to-back-office data flows, controls, and reconciliation.
Experience working within cross-functional Product and Technology delivery teams.

Responsibilities

Gather requirements and translate business needs into functional requirements, user stories, process flows, and acceptance criteria.
Identify and assess automation opportunities, translating business needs into prioritized IDC enhancements that expand control coverage, reduce manual intervention, and promote reuse across clients and workflows.
Define and document reconciliation and data validation requirements, including source mappings, matching keys, tolerances, exception conditions, and expected results, in partnership with Business and Technology teams.
Perform cross-system analysis to identify data discrepancies, reconciliation breaks, dependencies, and functional issues.
Support the full SDLC, including functional design, test scenario development, UAT coordination, defect triage, implementation readiness, and post-release validation for expected processing and exception scenarios.
Create and maintain business requirements, project and functional documentation, test cases, procedures, and knowledge-sharing materials using Confluence, SharePoint, or equivalent tools.
Support adoption of new IDC capabilities through user walkthroughs, practical guidance, and operational handover to relevant support teams.
Provide functional and application support, perform root-cause analysis, and coordinate issue resolution across Business and Technology teams.
Support client conversion events with IDC functional support, data validation and reconciliation analysis, issue triage, and coordination with Conversion, Business, and Technology teams during preparation, execution, and post-conversion follow-up.
Track requirements, defects, milestones, risks, dependencies, and action items using Jira or similar project-tracking tools.
Communicate priorities, risks, issues, and delivery status to stakeholders while driving assigned initiatives through completion.

Benefits

Retirement savings plan (401K) with company match.
Insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages.
Paid time off including vacation, sick leave, short-term disability, and family care responsibilities.
Access to an Employee Assistance Program.
Incentive compensation, including eligibility for annual performance-based awards, with certain sales-role exclusions.
Eligibility for certain tax-advantaged savings plans.
Inclusive development opportunities.
Flexible work-life support.
Paid volunteer days.
Employee networks.