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IT Business Analyst-Summit-Contract-(6 Months)

Company Description

Sia Partners is a next-generation management consulting firm. We offer a unique blend of AI and design capabilities, augmenting traditional consulting to deliver superior value to our clients. Counting 3,000 consultants in 19 countries, we expect to achieve $420 million in revenue for the current fiscal year. With a global footprint and expertise in more than 30 sectors and services, we optimize client projects worldwide. Through our Consulting for Good approach, we strive for next-level impact by developing innovative CSR solutions for our clients, making sustainability a lever for profitable transformation.

Job Description

Contract roles are geared toward independent professionals interested in temporary or project-based work.

Sia Title: Project Consultant (Exempt Contractor)

Project Title: IT Business Analyst-Summit

Level: Mid-Senior

Project Length: This is a temporary position with an expected duration of 6 months

Project Hours: 40 hours/week

Location: Hybrid- NY, New York

The expected compensation for this contract is $200k per year. The exact pay rate will vary depending on a wide array of factors, which may include but are not limited to skills, experience, and location.

Key Responsibilities:  One of our premier clients is seeking an IT Business Analyst with Summit experience. This contractor will manage several evolutions or project aimed at:

  • Deploying new instruments
  • Implementing and improving Profit and Loss, Hedge and market data processes
  • Implementing and improving settlement, confirmation and clearing workflows
  • Implementing regulatory reporting and maintaining quality of the data
  • Remediating the quality of data Identify and collect irregularities in business operations procedures and propose changes and new methodologies
  • Supporting Fixed Income, Treasury and Credit activities as well as back-office stakeholders by addressing functional issues/questions
  • Responsible for centralizing the user requests; coordinate with New York and Paris Head Office Business Analysts and IT teams; liaises with support functions to ensure all impacts are properly identified.
  • Provide close collaboration with the user representatives (traders, sales, and operations) to gather business requirements, including the identification of any potential issue or functional omissions; define and document the business requirements.
  • Author detailed functional specifications for IT development teams.
  • Development of user test cases and validate test results during user acceptance testing, training with Summit end-users.
  • Coordinate the go live and ensure proper system behavior.
  • Provide Project scoping and planning, progress reporting, identification and management of issues/risks and communications.
  • Responsible for quick resolution of day-to-day issues on Summit (booking, pricing, market data, straight through processing, settlement, reporting, accounting…)
  • Monitor the trade workflow and make sure statements and regulatory reporting are accurately produced.

Qualifications

  • Minimum 5 years experience in business analysis functions in the Finance industry Deep knowledge on Summit, must be familiar with products traded on Fixed Income, Treasury and Credit business.
  • Must be familiar with Summit STP services for Front Office and Back office as cashflows, accounting, operations and settlements workflows.
  • Deep IT knowledge, the successful candidate must be able to review source code, write and execute SQL queries (Sybase, Oracle and SQL Server) and read/understand a script (Windows and Unix as Bash, Perl, Python)
  • Strong knowledge of PnL, hedge, Market data setup and feed and a full transversal overview of the trade workflow from input until settlement.
  • Ability to analyze complex problems, with strong attention to detail and ability to provide solutions to problems.
  • Ability to prioritize and multi-task in a fast-paced environment on multiple applications. Knowledge of C++, C#, python, XML, XSLT, Excel VBA is a plus.

Additional Information

At this time, Sia Partners does not intend to pursue employment with applicants who will require now or in the future visa sponsorship by our company for work authorization in the United States (i.e., H1-B visa, F-1 visa (OPT), TN visa, or any other non-immigrant status).

Project Consultant Benefits

  • Statutory Time Off – Sick ​
  • Medical, Dental, Vision: Eligible for Purchase Option
  • 401(k) Participation: Eligible after one month of employment with matching and 100% vesting first day of participation  

Our Commitment to Diversity

Diversity, equity, inclusion, and belonging (DEIB) are part of Sia Partners’ DNA. Thanks to our expertise in several sectors and our international growth, our teams include a variety of experiences and cultures. We’re confident that promoting DEIB creates an environment in which everyone can reach their full potential.

Our global network, DEIB@Sia Partners, brings together our people worldwide to facilitate local and global progress, focused on the following areas:

  • Gender equality (global Gender Equality Index score of 91/100 for FY19-20)
  • LGBTQ+
  • Race & Ethnicity
  • Working Parents
  • Disabilities

Sia Partners is an equal opportunity employer. All aspects of employment, including hiring, promotion, remuneration, or discipline, are based solely on performance, competence, conduct, or business needs.

To learn more about our mission, values, and business sectors, please visit our website.

Sia Partners is an equal opportunity employer. All aspects of employment, including hiring, promotion, remuneration, or discipline, are based solely on performance, competence, conduct, or business needs. 

Average salary estimate

$200000 / YEARLY (est.)
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$200000K
$200000K

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What You Should Know About IT Business Analyst-Summit-Contract-(6 Months), Sia Partners

Are you an experienced IT Business Analyst looking for an exciting new challenge? Join Sia Partners as an IT Business Analyst on a contract basis! Located in the vibrant financial district of New York, this role offers the chance to work with one of our premier clients and play a pivotal role in several financial projects. In this mid-senior level position, you will manage vital evolutions such as deploying new financial instruments and improving Profit and Loss processes. Your expertise with Summit will shine as you tackle tasks like enhancing settlement workflows and ensuring top-notch regulatory reporting. You’ll collaborate closely with software development teams and business stakeholders—think traders and sales personnel—to gather and document essential business requirements. Your analytic flair will help in identifying and remedying irregularities within operations, making your contributions critical in sustaining smooth back-office activities. Plus, you’ll have the flexibility of a hybrid working model! With a competitive compensation of $200,000 per year and a vibrant company culture focused on diversity and innovation, this is not just a job; it's an opportunity to make a meaningful impact. Come join our dynamic team and help shape the future of financial operations with Sia Partners!

Frequently Asked Questions (FAQs) for IT Business Analyst-Summit-Contract-(6 Months) Role at Sia Partners
What are the main responsibilities of an IT Business Analyst at Sia Partners?

As an IT Business Analyst at Sia Partners, you'll be responsible for managing several financial project evolutions. Key duties include deploying new instruments, enhancing Profit and Loss processes, improving settlement workflows, and ensuring regulatory reporting is maintained accurately. You'll also be coordinating with user representatives and IT teams to gather and document business requirements effectively.

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What qualifications do I need to apply for the IT Business Analyst position at Sia Partners?

To qualify for the IT Business Analyst position at Sia Partners, you should have a minimum of 5 years of experience in business analysis within the finance industry. A strong background with Summit and familiarity with Fixed Income, Treasury, and Credit products is essential. Additionally, you'll need solid IT skills, including the ability to write SQL queries and understand source code.

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Is the IT Business Analyst role at Sia Partners a permanent position?

No, the IT Business Analyst role at Sia Partners is a temporary position designed for a contract duration of 6 months. It is perfect for professionals looking for project-based work in a dynamic environment while still making a significant impact on important financial projects.

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What skills are essential for the IT Business Analyst role at Sia Partners?

Essential skills for the IT Business Analyst role at Sia Partners include expertise in conducting thorough data analysis, strong familiarity with Summit STP services, knowledge of various programming scripts, and the ability to prioritize and tackle complex problems efficiently. Communication skills are also critical for interacting with various stakeholders.

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What benefits does Sia Partners offer to IT Business Analysts?

Sia Partners offers a comprehensive benefits package for IT Business Analysts, including statutory time off, options for medical, dental, and vision insurance, and participation in a 401(k) plan with matching contributions. The company is also deeply committed to diversity and inclusion, creating a supportive work environment.

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Common Interview Questions for IT Business Analyst-Summit-Contract-(6 Months)
Can you describe your experience with Summit and how it relates to the IT Business Analyst role?

When answering this question, emphasize your detailed knowledge of Summit functionalities and how you've applied this in previous roles, particularly in financial services. Discuss specific examples where your skills improved workflows or solved operational issues.

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What steps do you take to gather business requirements from stakeholders?

Outline your approach to requirement gathering, highlighting the importance of stakeholder interviews, workshops, and documentation reviews. Explain how you prioritize communication and ensure understanding before finalizing requirements.

Join Rise to see the full answer
How do you handle data quality issues in projects?

Discuss your methodology for identifying, analyzing, and resolving data quality issues. Stress the importance of collaboration with IT teams and users to remediate problems swiftly and maintain the integrity of data throughout the project lifecycle.

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What methodologies do you prefer for project management and why?

Share your experience with different project management methodologies, such as Agile or Waterfall. Explain why you prefer one over the other in financial projects and provide examples of how this impacted project success.

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Describe a challenging problem you faced as an IT Business Analyst. How did you resolve it?

In your response, select a real challenge you've encountered and detail the steps you took to analyze the problem, engage with stakeholders, and implement a solution. Highlight your analytical skills and teamwork.

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What experience do you have with SQL and scripting languages?

Talk about your proficiency with SQL, including specific examples where you've constructed queries to extract valuable insights from data. Mention any experience with scripting languages like Python or Bash, particularly how they've supported your analysis work.

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How do you ensure all user needs are addressed during a project?

Discuss the strategies you use to engage stakeholders continuously throughout the project. Highlight regular communication, feedback loops, and iterative methodologies that facilitate addressing user needs effectively.

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What techniques do you use for effective stakeholder communication?

Explain your communication strategies, such as active listening and tailoring your message to different audiences. Emphasize the importance of clarity and follow-ups in ensuring all stakeholders are aligned and informed.

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How do you prioritize tasks in a fast-paced environment?

Share your time management techniques, such as using prioritization frameworks like the Eisenhower Matrix. Discuss how you assess task urgency and importance to ensure that critical objectives are addressed promptly.

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Can you explain your approach to user acceptance testing (UAT)?

Describe your UAT process in detail, outlining how you prepare test cases, engage users in testing, and gather feedback to validate system functionality. Highlight your focus on thoroughness and the collaborative nature of testing.

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> $455 M Revenue> 1999 Creation date> 44 Offices> 2800 consultants> 850 clients> 200 Partners

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Contract, hybrid
DATE POSTED
December 13, 2024

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