Senior Business Analyst- Wealth Management, Banking & Financial Services, Cognizant Consulting
Banking & Financial Services
Chicago, Illinois (Hybrid)
ABOUT US
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating, and technology models for the digital era. Our unique industry-based, consultative approach helps clients envision, build, and run more innovative and efficient businesses. Headquartered in the U.S., Cognizant, a member of the NASDAQ-100, is ranked 195 on the Fortune 500 and is consistently listed among the most admired companies in the world. Learn how Cognizant helps clients with digital at www.cognizant.com.
The Role
We are actively seeking a passionate, high-energy Consulting Manager to serve as a Senior Business Analyst. This position requires extensive expertise in Wealth Management, with a focus on payments, cash management, and ISO20022 standards. The ideal candidate will excel in functional design, business requirements documentation, and facilitating collaboration between business and technology teams. Proficiency in agile, waterfall, and hybrid methodologies, along with knowledge of wealth data, taxonomies, and money movement risks, is essential. Strong analytical and leadership skills are critical to driving impactful solutions in the financial sector. Succeeding in today's dynamic market demands innovation, and Cognizant has established itself as a leading force in the industry. We are driven by ambitious ideas and bold visions, distinguishing ourselves by centering our approach on human experiences. Our mission is to empower clients to engage customers by envisioning and building innovative products and services. We develop effective go-to-market strategies and pioneer entirely new business models, ensuring that every company we partner with departs with both inspiration and a concrete plan. At Cognizant, our work is defined by an unwavering passion for our clients, our communities, and our organization—a fundamental characteristic we seek in every team member.
Responsibilities
- Conduct in-depth analysis of existing wealth management payment workflows, identifying gaps and areas for improvement, particularly concerning wire transfers and cash management.
- Translate complex business needs into clear, concise, and actionable requirements, user stories, and acceptance criteria for development teams, ensuring alignment with client strategies and regulatory mandates.
- Serve as a subject matter expert on ISO 20022 standards (e.g., pain, pacs, camt) and their impact on global payment systems, including Fedwire, SWIFT, CBPR, and CHAPS.
- Collaborate closely with technical teams to ensure accurate translation of business requirements into technical specifications for system integration and development, particularly for payment platforms.
- Contribute to the design and implementation of innovative payment solutions and strategies that enhance efficiency, transparency, and compliance for wealth management clients.
- Manage expectations and ensure alignment among various stakeholders, including clients (across IT, VMO, and business units), project teams, and senior leadership.
- Develop test plans and support testing activities (e.g., UAT, functional testing) to ensure that technical developments meet business needs and align with ISO 20022 standards.
- Analyze and re-engineer existing business processes within wealth management operations to improve efficiency, reduce risk, and optimize the client experience.
- Propose and implement best practices and methodologies (Agile, Waterfall, Hybrid) to enhance project delivery and operational excellence.
- Create and maintain comprehensive documentation, including business requirement documents (BRDs), functional specifications, process flows (BPMN, UML), data models, and user manuals.
Qualifications
· Bachelor's degree in a relevant field such as Computer Science, Finance, or Business Analytics.
· 10+ years of experience in Wealth management as a Senior Business Analyst in Consulting or Advisory capability
· Experience with ISO20022 standards especially in the payments (Wires) and cash management
· Has experience with Fedwire, SWIFT, CBPR, CHAPS transition to MX standards.
· Has experience in creating functional design, writing business requirements, supporting technical implementation
· Experienced in agile methodologies and comfortable with both waterfall, agile and hybrid models
· Proven ability in capturing and documenting business requirements, maintaining product backlogs, developing business cases and bridging the gap between business and technology teams
· Experienced in writing user stories, data mapping
· Deep knowledge of wealth data and taxonomies, especially in the money movement risk areas
Salary and Other Compensation:
The annual salary for this position is between $98,000 USD- $150,000 USD depending on experience and other qualifications of the successful candidate.
This position is also eligible for Cognizant’s discretionary annual incentive program, based on performance and subject to the terms of Cognizant’s applicable plans.
Benefits: Cognizant offers the following benefits for this position, subject to applicable eligibility requirements:
- Medical/Dental/Vision/Life Insurance
- Paid holidays plus Paid Time Off
- 401(k) plan and contributions
- Long-term/Short-term Disability
- Paid Parental Leave
- Employee Stock Purchase Plan
Disclaimer: The salary, other compensation, and benefits information is accurate as of the date of this posting. Cognizant reserves the right to modify this information at any time, subject to applicable law.
La comunidad de Cognizant:
Somos un equipo de alto calibre que se aprecia y se apoya mutuamente. Nuestra gente defiende un lugar de trabajo enérgico, colaborativo e inclusivo donde todos puedan prosperar.
- Cognizant es una comunidad global con más de 300.000 asociados en todo el mundo.
- No solo soñamos con una mejor manera, sino que la hacemos realidad.
- Cuidamos a nuestra gente, clientes, empresas, comunidades y el clima haciendo lo correcto.
- Fomentamos un entorno innovador en el que puedes construir la trayectoria profesional adecuada para ti.
Sobre nosotros:
Cognizant es una de las principales empresas de servicios profesionales del mundo, transformando los modelos comerciales, operativos y tecnológicos de los clientes para la era digital. Nuestro enfoque consultivo único basado en la industria ayuda a los clientes a visualizar, construir y ejecutar negocios más innovadores y eficientes. Con sede en los Estados Unidos, Cognizant (miembro del NASDAQ-100 y uno de los Mejores Empleadores Mundiales de Forbes 2024) figura constantemente entre las empresas más admiradas del mundo. Descubre cómo Cognizant ayuda a los clientes a liderar con lo digital en nuestro sitio
Cognizant es un empleador que ofrece igualdad de oportunidades. Tu solicitud y candidatura no serán consideradas en base a raza, color, sexo, religión, credo, orientación sexual, identidad de género, origen nacional, discapacidad, información genética, embarazo, condición de veterano o cualquier otra característica protegida por las leyes federales, estatales o locales.
Si tienes una discapacidad que requiere adaptaciones razonables para buscar una vacante de trabajo o enviar una solicitud, puedes enviar un correo electrónico a [email protected] con tu solicitud e información de contacto.
Disclaimer:
La información de compensación es precisa a la fecha de esta publicación. Cognizant se reserva el derecho de modificar esta información en cualquier momento, sujeto a la legislación aplicable.
Es posible que se requiera que los solicitantes asistan a entrevistas en persona o por videoconferencia. Además, es posible que se requiera que los candidatos presenten su identificación actual emitida por el estado o gobierno durante cada entrevista.
Aunque nuestro sistema permite la postulación en todos los idiomas, el (los) idioma(s) y el (los) nivel(es) de competencia requeridos para el trabajo varían. Sin embargo, se requiere un nivel básico de inglés para fines de comunicación en toda la empresa.