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AVP - Systems Analyst - Job Opportunity at State Street

Sydney, Australia
Full-time
Senior
Posted: June 4, 2025
On-site
AUD 140,000 - 180,000 per year, considering the AVP level, 10+ years experience requirement, specialized risk management expertise, and Sydney's competitive financial services market

Benefits

Comprehensive health insurance coverage providing extensive medical care protection
Matched giving program that amplifies your charitable contributions and demonstrates corporate social responsibility
Paid volunteer leave enabling community engagement while maintaining career momentum
Competitive and comprehensive benefits packages tailored to regional market standards
Flexible work programs designed to optimize work-life balance and accommodate personal needs
Extensive professional development programs and educational support for continuous career advancement

Key Responsibilities

Lead comprehensive analysis across Credit and Market Risk measures, including Stress Testing scenarios, by coordinating with cross-functional Agile IT teams to ensure timely planning and execution
Collaborate with internal stakeholders to gather, assess, and prioritize platform requirements, aligning business needs with technology solutions
Drive the definition and documentation of business and functional requirements, including user stories and product backlogs, ensuring clarity and alignment across business and development teams
Utilize advanced data analysis skills, including SQL and Python, to extract insights and support the creation of detailed functional specifications
Serve as a key liaison between business units and technical teams, translating complex financial requirements into actionable development tasks
Facilitate and lead workshops, stakeholder meetings, and requirement walkthroughs to ensure shared understanding and alignment
Partner with Scrum Masters, analysts, and engineers to troubleshoot and resolve system issues, ensuring minimal disruption to business operations
Actively participate in Agile ceremonies such as daily stand-ups, sprint planning, product demos, and retrospectives to drive continuous improvement

Requirements

Education

Bachelor's degree in computer science, Information Systems, Business, or a related field

Experience

10+ years proven related experience working in Financial domain

Required Skills

Extensive hands-on analysis experience in Securities Finance, Repo, and Foreign Exchange business lines Strong understanding of credit and market risk measures, including EAD, PFE, VaR, Stress Testing Exposures, and CCAR L5 reporting Proven experience in analyzing and implementing stress testing pricing shocks in Algo risk engine models Expertise in coordinating CCAR operational activities and executing Securities Finance Credit risk measures implementation In-depth knowledge of regulatory frameworks such as Basel III, CCAR, Enterprise Risk Management Framework, and Corporate Data Governance Experience in Jira, Confluence and SQL queries Experience in drafting functional specification documents and project plans Experience performing data analysis and data exploration Experience working in an agile delivery environment Strong critical thinking, problem-solving, and decision-making skills Excellent interpersonal communication, collaboration, facilitation, and presentation skills
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Sauge AI Market Intelligence

Industry Trends

Financial services institutions are increasingly investing in enterprise risk management technology platforms as regulatory requirements become more stringent and complex, particularly in the Asia-Pacific region where Basel III implementation continues to evolve. This trend is driving significant demand for systems analysts who can bridge the gap between risk management business requirements and technology implementation. The integration of artificial intelligence and machine learning into risk management systems is accelerating, requiring analysts to understand both traditional risk modeling and emerging technologies. Organizations are seeking professionals who can analyze existing stress testing frameworks and prepare them for AI-enhanced capabilities. Post-pandemic financial institutions are emphasizing end-to-end digitization of risk processes, moving away from manual procedures toward automated, real-time risk monitoring systems. This shift requires analysts with deep understanding of securities lending, derivatives, and credit risk to redesign processes for digital environments.

Role Significance

Typically manages or coordinates with 5-8 cross-functional team members including developers, QA analysts, and business stakeholders, while reporting to senior management and interfacing with multiple business units across the global organization
This AVP-level position represents senior individual contributor or team lead responsibility, requiring autonomous decision-making on complex risk technology implementations and serving as the primary interface between business stakeholders and development teams. The role carries significant influence over enterprise risk management system architecture and strategic technology decisions.

Key Projects

Implementation of Basel III regulatory compliance systems and reporting frameworks Migration of legacy risk management systems to cloud-based enterprise platforms Development of real-time stress testing and scenario analysis capabilities Integration of securities lending and derivatives risk management across multiple business lines

Success Factors

Deep expertise in financial risk management combined with strong technical systems analysis capabilities creates a unique value proposition that few professionals possess, making success dependent on maintaining cutting-edge knowledge in both domains Ability to translate complex regulatory requirements into practical technology solutions while managing competing priorities from multiple stakeholders across different time zones and business cultures Proficiency in agile methodologies and collaborative leadership skills to drive consensus among diverse teams including risk managers, developers, compliance officers, and senior executives Strong analytical thinking combined with excellent communication skills to present complex technical concepts to non-technical stakeholders and influence technology investment decisions

Market Demand

High demand due to ongoing regulatory compliance requirements, digital transformation initiatives in financial services, and the specialized combination of risk management knowledge with systems analysis skills

Important Skills

Critical Skills

Securities Finance and Derivatives expertise is absolutely essential as these represent core business lines for State Street's institutional clients, and understanding their risk characteristics is fundamental to designing appropriate technology solutions. Without this knowledge, the analyst cannot effectively translate business requirements or validate system outputs Regulatory framework knowledge including Basel III and CCAR is critical because these regulations drive major technology investments and system redesigns. The ability to interpret regulatory requirements and translate them into functional specifications directly impacts the success of multi-million dollar compliance initiatives SQL and Python skills are essential for data analysis and system validation, as modern risk management systems process enormous volumes of transaction data that require sophisticated querying and analysis capabilities to ensure accuracy and performance

Beneficial Skills

Machine learning and artificial intelligence knowledge would be valuable as financial institutions increasingly incorporate these technologies into risk management systems for predictive analytics and automated decision-making Cloud platform expertise, particularly with AWS or Azure, would be advantageous as State Street continues its digital transformation and migration of risk management systems to cloud infrastructure Project management certification such as PMP or Scrum Master would enhance effectiveness in coordinating complex, multi-team technology implementations across global organizations

Unique Aspects

This role combines enterprise risk management with systems analysis in one of the world's largest custodian banks, offering exposure to massive scale financial operations and cutting-edge risk technology implementations that few organizations can provide
The position offers direct involvement in regulatory compliance initiatives that shape global financial markets, including Basel III implementation and stress testing frameworks that influence industry standards
State Street's focus on digital transformation provides opportunities to work with emerging technologies like artificial intelligence and cloud computing applied to traditional risk management challenges
The global nature of State Street's operations means exposure to diverse regulatory environments and the opportunity to implement solutions that serve clients across multiple jurisdictions and market structures

Career Growth

3-5 years to director level with demonstrated success in large-scale system implementations and team leadership

Potential Next Roles

Director of Risk Technology leading larger teams and strategic initiatives Chief Risk Officer focusing on enterprise-wide risk management strategy Head of Digital Transformation for Risk Management overseeing technology modernization Principal Consultant for risk management technology implementations

Company Overview

State Street

State Street Corporation is one of the world's largest custodian banks and asset management companies, managing over $40 trillion in assets and serving institutional clients globally. The company has been a leader in financial services for over 225 years and is particularly strong in investment servicing, data analytics, and institutional asset management.

State Street ranks among the top three global custodian banks alongside BNY Mellon and JPMorgan Chase, holding a dominant position in institutional asset servicing with particular strength in ETF administration and middle-office services for asset managers and pension funds
State Street's Sydney office serves as a major Asia-Pacific hub for technology services and risk management operations, supporting the company's significant presence across Australia, Japan, and Southeast Asia with growing emphasis on digital transformation initiatives
Large corporate environment emphasizing collaboration, diversity, and continuous learning, with strong focus on regulatory compliance and risk management. The company promotes work-life balance through flexible work arrangements while maintaining high performance standards in a globally distributed team structure
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