Senior Business Analyst

HSBC Global Services Limited•Jersey City, NJ

1d•$193,461 - $203,461•Hybrid

About The Position

This role is for a Senior Business Analyst at HSBC Technology & Services (USA) Inc., located in Jersey City, NJ. The primary responsibilities include maintaining and supporting existing US Risk Reporting applications such as Credit Data Warehouse, US Wholesale Credit Risk, Credit Approval Tracker, and the DFA Risk Reporting Engine. The role also involves driving change by developing new applications funded by additional risk projects. A key focus is on the Dodd-Frank Act (DFA) Risk Reporting Engine, a regulatory application crucial for exposure reporting that meets DFA 610 and 165 regulatory requirements. The position supports tasks across analysis, development, testing, and end-to-end project delivery, leveraging knowledge of financial instruments, risk measurement methodologies, regulatory reporting, data control frameworks, and program management. The analyst will act as a business systems analyst for medium to high-risk business systems, focusing on implementation and production support. This includes documenting functional design specifications, interpreting business requirements technically, drafting system specifications, and supporting solution design and implementation. The role also involves supporting System Integration Testing (SIT) and User Acceptance Testing (UAT) by drafting and executing test cases and coordinating with stakeholders. Production support includes analyzing data, identifying root causes of issues, and proposing solutions. Data design, flows, and controls will be supported and their implementation overseen. Technical documentation, such as release plans and user manuals, will be created. The position requires adherence to US Regulations including Dodd Frank, Basel 3, CCAR, RWA, and Regulation W. The analyst will steer project approaches, build stakeholder buy-in for project plans, delivery commitments, and change initiatives related to Credit Risk data management. Reporting on project progress, issues, dependencies, and risks to leadership, with recommendations for decision-making, continued delivery, and benefits realization, is also a key responsibility. Financial budget management across multiple projects, including tracking actuals, forecasting, and analyzing variances, is required.

Requirements

Bachelor’s degree in Computer Science, Information Management Systems, or a related field.
8 years of progressive, post-baccalaureate work experience.
2 years of experience in US Regulations including OCC, Basel, and Dodd Frank.
8 years of experience working as a business systems analyst on IT development.
8 years of experience in US Regulatory Reporting domain or Wholesale Credit Risk including financial trading, wholesale credit, and risk reporting.
8 years of experience in Software development utilizing methodologies (Agile and Waterfall) with adherence to DevOps structure.
8 years of experience in Application production support and ITSM processes.
8 years of experience supporting change, including risk assessment and risk controls, and supporting audit reviews of the change process.
8 years of experience in Documentation of workflow and dataflows using tools such as Enterprise Architect, Visio and Rational Rose.
8 years of experience with ETL and workflow management automation tools (CloverETL and Cicero).
8 years of experience in Data Analysis skills using SQL databases (Oracle, Sybase, Sybase IQ or Postgres environment).
8 years of experience supporting SIT / UAT, including drafting and executing of test cases.
8 years of experience in Project management lifecycle, including development of project roadmaps, plans, schedules, and work breakdown structures.
8 years of experience working across UNIX and Windows platforms.
8 years of experience implementing data quality control frameworks within risk management platforms for risk calculation and regulatory reporting.

Responsibilities

Maintain and support existing US Risk Reporting applications (Credit Data Warehouse, US Wholesale Credit Risk, Credit Approval Tracker, and DFA Risk Reporting Engine).
Drive change by building out new applications as the business funds additional risk projects.
Support tasks for the analysis, development, testing and end-to-end project delivery.
Document functional design specifications based on business requirements.
Interpret business requirements from a technical perspective, draft system specifications, and support solution design and implementation.
Support System Integration Testing (SIT) and User Acceptance Testing (UAT), including drafting, executing of test cases and end-to-end coordination with stakeholders.
Support production systems by analyzing data, related issues, identifying root causes and solutions.
Support data design, flows, controls and oversee implementation.
Create technical documentation, such as release plans and user manuals.
Steer the overall project approach by building and maintaining stakeholder buy-in for the project plan, delivery commitments, and change initiatives related to Credit Risk data management.
Report on project progress, issues, dependencies, and risks to project and program leadership, and provide recommendations to support informed decision making, ensure continued delivery, and enable benefits realization.
Manage financial budgets across multiple projects, including tracking and reporting actuals, preparing forecasts, and analyzing budget variances.

Benefits

Competitive Total Reward Package
Appropriate mix of fixed pay, and variable pay
Discretionary, annual awards (bonus)
Competitive benefits package
Robust Wellness Hub
Welcoming, diverse, and inclusive work environment
Tailored professional development opportunities
Industry-leading volunteerism policy
Generous matching gift program
Comprehensive program of immersive Sustainability and Climate Change Initiatives
Employee Resource Groups