About Northern Trust
As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.
Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.
With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
Cash Service -Change Capability team
Cash Capability team is a change team that supports Cash Servicing within Northern Trust corporation, that support optimize growth of Northern strategic Enterprise banking model (EBM) to support clients and operation, by delivering a modern harmonized, scalable global cash operating model that strengthens operational and technical resiliency and drives productivity through automated, transparent and efficient toolsets in order to deliver improvement to client services, strengthen the intraday risk and control framework.
SUMMARY-
Individual will perform Business Analysis duties in line with the delivery of the Products within the Cash Services Change Portfolio.
Individual will work closely with the relevant Product Owner to ensure the correct level of upfront analysis is completed to inform the design of both the Operating and App Development Models. They will be responsible for supporting the Product Owner in writing features, taking the lead in writing Stories and maintaining good SDLC discipline.
Individual requires a forensic mind-set with a passion for “understanding how things work”. The ability to pull an overall complex picture together from stakeholder interviews, documentation and reviewing external market practice. Create documentation where none existing and provide metrics and evidence to help validate decisions and strategic direction
MAJOR DUTIES-
- Work collaboratively with the Scrum team, conducting analysis as required to document changes needed, writing User stories, taking the lead in writing Stories and maintaining good SDLC discipline.
- Support Product Owner, Solutions Architects, Testers and Developers to ensure that eventual outcome meets the desired success criteria
- Elaborate high-level business requirements & design provided by operations teams, product owner, business architects to a level of detail that is sufficient for developers to build a complete solution
- Analyses data to determine the logic of new business rules
- Create detailed acceptance criteria for each user story in the Given, When, Then format that, if met, will demonstrate that the development meets the business need
- Refine the user story with the scrum team ensuring that there is understanding of both the business need and detailed requirements
- Answer questions from developers and testers throughout the lifecycle of the story
- Conduct a detailed review of test results v. the acceptance criteria
- Write functional specifications where necessary so that end users understand how to use the new or enhanced functionality
- Actively participate in Agile ceremonies such as stand-up, backlog refinement, planning and retrospectives
KNOWLEDGE/SKILLS:
- Market Knowledge of Cash Products, Global Payments and Industry Change, including Cash and liquidity management, credit and balance sheet finance reporting.
- In-depth knowledge of NT’s current Cash Architecture and associated business processes.
- Previous experience working large scale, complex change initiatives
- Experience with working with Agile delivery methods, specifically Scaled Agile.
- Excellent problem solving and analytical skills
- Strong communication skills: written and verbal.
- Exposure and understanding of Project & Product Change methodologies
- Analytical skills to resolve and research enquiries and issues
- Strong planning, organizational and problem-solving skills
- Ability to actively collaborate and work with extended team outside of the Business unit
- Advanced proficiency in Microsoft Suite of tools, PBI
- High level of attention to detail with a focus on ensuring accuracy in financial records
- Must have good interpersonal skills with the ability to establish credibility and foster excellent working relationships with internal and external partners
- Work well with people in the same department, both locally and globally
EXPERIENCE:
- 24 months as Consultant
- 5-10 years hands-on Payments and Banking functionality Business Analyst in Agile and Waterfall delivery methodology
- Track record of successful delivery of 2-3 full life-cycle changes in Banking and Financial industry in recent years
- SME level knowledge of FIN and ISO20022 messaging across SWIFT CBPR+, CHAPS,RITS and Target 2 payment networks, Cash and liquidity management, credit and balance sheet finance reporting.
- Worked on creation of functional led Target Operating Model
- Expert and up-to-date in usage of standard tools & processes viz. JIRA, AzureDevOps, and MS Office suite
- Processing and manipulation of data to achieve business objectives
- Basic SQL skills
- (Nice to have) Custody Product knowledge,
Working with Us
As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.
Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.
Reasonable Accommodation
Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.
About Our Bangalore Office
The Northern Trust Bangalore office, established in 2005, is home to over 5,600 employees. In this stunning office space, we offer fantastic amenities which include our Arrival Hub - Jungle, the GameZone, and the Employee Experience Zone that appeal to both clients and employees. Learn more.
Skills Required
- At least 24 months of experience as a Consultant
- 5–10 years of hands-on Payments and Banking Business Analyst experience
- Experience with Agile and Waterfall delivery methodologies
- Track record delivering 2–3 full-lifecycle changes in the Banking and Financial industry
- SME-level knowledge of FIN and ISO 20022 messaging across SWIFT CBPR+, CHAPS, RITS, and TARGET2 payment networks
- Knowledge of cash and liquidity management, credit, and balance sheet finance reporting
- Experience creating functional-led Target Operating Models
- Expertise using JIRA, Azure DevOps, and Microsoft Office tools
- Experience processing and manipulating data to achieve business objectives
- Basic SQL skills
- Knowledge of Northern Trust cash architecture and associated business processes
- Experience with large-scale, complex change initiatives and Scaled Agile delivery
- Strong analytical, problem-solving, communication, planning, organizational, and collaboration skills
- High attention to detail and accuracy in financial records
- Custody product knowledge
Northern Trust Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Northern Trust and has not been reviewed or approved by Northern Trust.
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Retirement Support — A 401(k) with company match alongside an employer‑funded defined‑benefit pension is highlighted in employer‑verified materials and filings, setting the retirement package apart from many private employers.
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Leave & Time Off Breadth — PTO is portrayed as solid overall, and two paid volunteer days per year are clearly documented across corporate materials.
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Parental & Family Support — Company sources and postings reference paid parental and caregiver leave and recent enhancements to parental benefits, indicating meaningful family support within the package.
Northern Trust Insights
What We Do
As a global leader in innovative wealth management, asset servicing and investment solutions, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families and institutions by remaining true to our enduring principles of service, expertise and integrity. A globally recognized Fortune 500 Company in continuous operation since 1889, we’ve built a legacy of empowering clients to reach their goals with confidence. Since our roots as a trust bank, we’ve grown to a global presence with more than 24,000 employees in more than 20 countries and across six core business units: Wealth Management Asset Management Asset Servicing Technology Corporate Functions Enterprise Operations Join a Team That’s Achieving Greater At Northern Trust, we refer to our employees as partners – with good reason. We understand that relationships are the key to our success. Here you’ll join a diverse and inclusive team of innovators with the drive to challenge the way things have always been done. Instead of choosing between a dynamic career and work-life balance, enjoy working with a team that supports your goals in the office and at home. We’ll help you get where you want to go without sacrificing what matters most to you. Delivering value and adhering to our enduring principles What are enduring principles? Since our founding, they have guided our strategy and success. Thanks to the dedication of our partners, Northern Trust continues to thrive by adhering to three enduring principles: service, expertise and integrity . What does this mean? Service Northern Trust has a relentless drive to provide exceptional service to our clients, our partners and our communities. We set new standards and go above and beyond in our commitment to delivering greater results. Expertise Expertise is at the core of who we are. We focus sharply on what we do well. From expanding our capabilities, to hiring talented professionals to developing innovative solutions, our expertise is why we continue to be a trusted advisor for generations of families and institutions. Integrity Operating with uncompromising ethics is central to Northern Trust’s heritage. As a result, our clients, partners and communities know they can rely on us. For more than 130 years, our integrity has been our guide – and that will never change.
Why Work With Us
At Northern Trust, we go further because we go together. We embrace flexibility, encourage balance, and prioritize inclusion at all levels, working together to keep you connected. We are committed to our employees—all 24,000 of them. Whether this is a first step or a bold new leap in your career, we’re here to help you move forward.
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