Job Description

Senior Consultant, Business Analysis

A leading role in driving the strategic direction and development of asset servicing solutions, requiring strong analytical skills and ability to translate complex business requirements into actionable solutions.

About Northern Trust

Northern Trust is a globally recognized, award-winning financial institution with over 130 years of financial experience and over 22,000 partners. We serve the world's most sophisticated clients using leading technology and exceptional service.

About the Role

This senior consultant role is crucial in driving the strategic direction and development of our asset servicing solutions. Key responsibilities include:

• Business Analysis: Conduct thorough analysis of client requirements, business processes, and market trends to identify opportunities for product enhancement and innovation.
• Requirement Gathering: Collaborate with stakeholders to gather, document, and prioritize business requirements, ensuring alignment with organizational goals and objectives.
• Solution Design: Develop comprehensive solution designs in collaboration with architecture and technology teams, including functional specifications, wireframes, and process flows, to address business needs and drive product development initiatives.
• Feasibility Analysis: Evaluate the feasibility of new products and product enhancements by assessing factors such as market demand, technical feasibility, resource requirements, and potential return on investment.
• Operating Model Definition: Contribute to the definition of the operating model for new products and enhancements, including processes, roles and responsibilities, and technology infrastructure requirements.
• Operational Readiness: Provide oversight to operational readiness for new products and enhancements by collaborating with operational teams to define and implement processes, procedures, and controls, and providing training and support as needed.
• Stakeholder Engagement: Build strong relationships with internal and external stakeholders, including clients, product managers, developers, and QA teams, to foster collaboration and ensure alignment throughout the project lifecycle.
• Risk Assessment: Identify potential risks and issues related to product development initiatives and proactively implement mitigation strategies to minimize impact on project delivery and client satisfaction.
• Quality Assurance: Collaborate with QA teams and provide consultation to review test plans, participate in testing activities, and ensure the quality and reliability of deliverables before deployment to production.
• Continuous Improvement: Drive continuous improvement initiatives within the Business Analysis team and across the organization, leveraging industry best practices, feedback from stakeholders, and lessons learned from previous projects.

Requirements

• Education: Bachelor's degree in Business Administration, Finance, Computer Science, or related field. Master's degree preferred.
• Experience: Several years of experience in business analysis, product development, or related roles within the financial services industry, preferably in asset servicing or investment management.
• Skills: Strong analytical skills with the ability to translate complex business requirements into actionable solutions. Excellent communication and interpersonal skills, with the ability to effectively engage and influence stakeholders at all levels of the organization.
• Certification: Certification in business analysis (e.g., BCS, CBAP, PMI-PBA) and project management (e.g., PMP, PRINCE2) is a plus.

Working with Us

Northern Trust is a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve.