IT Outsourcing Senior Business Analyst- Vice President

Job Title :  Senior Business Analyst - EBA Outsourcing Guidelines Compliance

Purpose :

This regulatory role is essential for fulfilling regulatory necessities to adhere to EBA Outsourcing Guidelines. The Senior Business Analyst will be responsible for driving the automation and optimization of outsourcing activities, which are currently very manual, error-prone, and only partially covered. Additionally, the role will support the IT Outsourcing Controlling & Oversight function, ensuring that outsourced IT services provided to the bank by both group-internal and external vendors are appropriately overseen. The scope includes all IT outsourcing activities across all branches in Europe.

Key Responsibilities :

• Regulatory Compliance : Ensure adherence to EBA Outsourcing Guidelines by developing and implementing processes that meet regulatory requirements.
• Process Automation : Identify and drive the automation of manual outsourcing activities to reduce errors and improve efficiency.
• Optimization : Optimize existing outsourcing processes to enhance accuracy and coverage.
• Stakeholder Collaboration : Work closely with various stakeholders to understand their needs and ensure that the automated and optimized processes meet regulatory and business requirements.
• Documentation : Maintain comprehensive documentation of all processes, ensuring they are up-to-date and compliant with EBA guidelines.
• Continuous Improvement : Continuously monitor and improve outsourcing processes to ensure ongoing compliance and efficiency.
• IT Outsourcing Oversight : Support the IT Outsourcing Controlling & Oversight function by ensuring outsourced IT services are appropriately overseen.
• Risk Assessment : Support assessing the impact of IT Outsourcing activities, including associated risks, while taking relevant regulations into account (e.g., MaRisk, BAIT).
• Methodology Implementation : Determine and implement additions and changes to the IT Outsourcing methodology in response to new regulatory requirements (e.g., DORA).
• Governance Controls : Maintain and further enhance appropriate IT Outsourcing governance controls, including reporting, service reviews, and escalations.

Qualifications :

Other Requirements :

About State Street : 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 in locations, but you may expect generous medical care, insurance, and savings plans among other perks. You’ll have access to a flexible Work Program 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, a matching gift program, 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.