Lead Business Systems Analyst - Cash and Collateral

At MFS, you will find a culture that supports you in doing what you do best. Our employees work together to reach better outcomes, favoring the strongest idea over the strongest individual. We put people first and demonstrate care and compassion for our community and each other. Because what we do matters – to us as valued professionals and to the millions of people and institutions who rely on us to help them build more secure and prosperous futures.




THE ROLE

Apply sound judgment and discretion to address business challenges for the Cash Processing and Collateral Management Platform and the Equity SMA Platform by analyzing processes and environments and leveraging technology across business units. Lead the evolution of business processes that reimagines how MFS ingests and processes cash data, strengthens cash and collateral controls, and improves transparency across key cash views (e.g., trade-date, settlement-date, tradable, and encumbered/collateral cash) and position-level activity.   In addition, evaluate processes and technology to deliver a more scalable future target end state for the highly customized and growing Retail SMA business.

Working in partnership with stakeholders across Operations, Investments, Compliance, and Technology, you will translate business needs into clear outcomes, actionable priorities, and well-defined requirements.  Further, help maintain and support operational risk reduction portal, cash management, collateral management and product master systems.

Serve as a leader in an Agile environment for small to midsized projects, the candidate collaborates with product owners, developers and quality assurance teams to deliver solutions within tight deadlines.

WHAT YOU WILL DO

• Performs analysis of business activities to determine business requirements, current and future state processes and areas of risk mitigation.

• Works within their Agile Team to understand and define needs above and beyond requirements provided by the business.

• Converts business requirements into functional specifications.

• Works closely with the project team members, business users, developers, QA and other technology professionals in an Agile environment to ensure project deliverables are completed on time and within budget.

• Working with the Product Owner, acts as the liaison between business stakeholders and the technology organization to ensure proper implementation of requirements within the expected timetable. Communicates any material modifications of business requirements to business stakeholders.

• Formulates and defines systems scope and objectives based on both user needs and an understanding of applicable business systems and industry requirements.

• Works to ensure a positive end-product for business stakeholders by overseeing the implementation of new software. Creates and maintains proper training materials and business documentation.

• Provides application and production support as needed to the departments and systems they support.

• Collaborate with the QA team in developing high-level test plans. Reviews test cases developed by the QA team. Works with automated testing team as needed for performance / load testing and automated regression testing.

• Follows the MFS Software Development Lifecycle (SDLC), ensuring all steps of the process have been followed prior to releasing any code.

• Provides input into the strategic planning of the department's initiatives and resources.
• Mentors and advises less experienced Business Systems Analysts and other team members.
  

WHAT WE ARE LOOKING FOR

• Bachelor’s degree in computer science or related technical field, or equivalent experience.
• Minimum 6-8+ years of experience in Financial Services supporting Operations, Trading or Quantitative systems.
• Strong technical skills including a solid understanding of underlying relevant technical architecture and business processes.
• Proven ability to efficiently utilize resources and communicate with others, both verbally and in writing.
• Project management skills, proven analytical skills and a demonstrated ability to make independent decisions.
• An in-depth understanding of Agile framework and systems development lifecycle. Ability to perform detailed analysis on systems at all phases of the project lifecycle.
• Ability to consider the business implications of the application of technology to the current and future state business environment.
• Proven ability to develop creative, innovative solutions to meet business needs.
• Leverage AI capabilities to enhance delivery without sacrificing subject matter expertise.

PREFERRED SKILLS, QUALIFICATIONS & EXPERIENCE:

• Domain expertise in cash processing and collateral management, including trade-date and settlement-date cash, margining (initial and variation margin), collateral eligibility, haircuts, and optimization across cleared and bilateral exposures

• Knowledge of global settlement, payments, and reconciliation processes (e.g., T+1), including fails management, netting, and cash/collateral reconciliations across custodians, IBOR/ABOR, fund accounting, and counterparties

• Experience with securities financing and collateral mobility (e.g., repo, securities lending, rehypothecation) and the movement of collateral across custodians, prime brokers, and clearinghouses

• Experience with SMA business models and operational workflows, including end to end implementation of Portfolio Manager strategy changes for both Model Delivery and SMA Manager traded accounts, onboarding, reconciliations, rotations, technology solutions, and interaction with sponsor platforms

• Experience working with platforms such as Charles River, Eagle and Acadia Margin Manager are a plus.
• Project work experience with globally distributed teams is preferred.

Applicants must be currently authorized to work in the United States on a full-time basis. This position is not eligible for visa sponsorship.

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Base Salary Range: $88,000.00 - $126,000.00

This position is eligible for competitive incentive bonus. 



At MFS, we believe in fair and transparent compensation. For that reason, we’re including the salary range for this position. This range reflects our good-faith expectation for what we’ll pay depending on the candidate’s experience, training and education. In addition to the salary, we also offer significant and competitive incentive compensation based on both individual and company performance. Other components of our Total Rewards Package include:

• MFS contributes an amount equal to 15% of your base salary to your retirement account that is separate from the company -sponsored 401(k) 

• Education Assistance: MFS contributes $100 monthly up to $10,000 lifetime maximum directly to loan provider

• Education Assistance: Tuition reimbursement up to $8,000 annually 

• Education Assistance: Access to discounted tutors and college coaches

• Generous time off and fully paid leaves including 20-weeks for maternity, 12-weeks for parental and caregiver leaves

• Choice of medical and dental plans and an and an employer contribution into the Health Savings Account

• Tax deferred commuter benefits & flexible spending accounts (medical & dependent care)

• Wellness Programs: Robust wellness webinars, employee assistance program with a focus on mental health, subsidized fitness benefit via Wellhub (formerly Gympass), where you can workout at gyms, studios and boutique fitness locations near you, join virtual personal training sessions and access a wide variety of well-being apps

Our compensation philosophy is to pay competitively for talent while ensuring equity across employees performing comparable work. We are committed to transparency – if you have questions about how we arrived at this range or what additional benefits and bonus opportunities come with the role, we’ll be happy to discuss them

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At MFS, we are dedicated to building a diverse, inclusive and authentic workplace. If you are excited about this role but your past experience doesn't align perfectly, we encourage you to apply - you might be just the right candidate for this role or others.

MFS is a hybrid work environment (remote/onsite) unless otherwise stated in the job posting.

If any applicant is unable to complete an application or respond to a job opening because of a disability, please contact MFS at 617-954-5000 or email [email protected] for assistance. 

MFS is an Equal Opportunity Employer and it is our policy to not discriminate against any employee or applicant for employment because of race, color, religion, sex, national origin, age, marital status, sexual orientation, gender identity, genetic information, disability, veteran status, or any other status protected by federal, state or local laws. Employees and applicants of MFS will not be subject to harassment on the basis of their status. Additionally, retaliation, including intimidation, threats, or coercion, because an employee or applicant has objected to discrimination, engaged or may engage in filing a complaint, assisted in a review, investigation, or hearing or have otherwise sought to obtain their legal rights under any Federal, State, or local EEO law is prohibited. Please see the Know Your Rights: Workplace Discrimination is Illegal document, linked for your reference.