Principal Analyst I directing Digital Banking solutions and leading operational effectiveness strategies at Western Alliance Bank, enhancing business outcomes through data-driven insights and stakeholder collaboration.
Responsibilities
Lead activities to review current processes and metrics that support operational effectiveness
Identify constraints or opportunities that inhibit or accelerate the business and technology strategy
Develop options or approaches to improve business outcomes
Drive implementation of solutions to achieve desired results
Accountable for the development and review of artifacts to ensure they accurately describe current state processes, practices, and/or metrics
Determine root cause for constraints in the process
Identify alternative processes and practice options with associated impact on KRIs/KPIs or Operational Metrics
Track and communicate enhancements to the current process and practices as to whether the desired results are being realized through the use of data, metrics, and other quantitative measures
Engage with enterprise subject matter experts and stakeholders to tackle complex issues or opportunities that require significant coordination and alignment across different business units
Capture current state insights while also providing options and recommendations to the identified stakeholders
Identify, socialize, and gather necessary approvals for the upkeep of, KRIs, KPIs, and Operational Metrics
Act as the Subject Matter Expert for digital banking systems
Provide guidance on solution design, configuration, and process improvements
Translate business needs into detailed system requirements, user stories with detailed acceptance criteria, and technical documentation to support effective development and testing
Manage and maintain accurate documentation for digital banking applications
Conduct detailed analysis of data structures and attributes to develop comprehensive data mapping strategies for system migration initiatives
Implement application configuration changes, ensuring adherence to SDLC and Change Management protocols
Coordinate with internal IT teams, external vendors, and implementation partners to resolve issues and deliver integrated digital banking solutions
Monitor key digital banking platform performance indicators
Drive growth and satisfaction and proactively resolve issues through root cause analysis aligned with strategic objectives
Leverage collaboration tools such as Azure DevOps (ADO) and Confluence for workstream management and stakeholder communication
Maintain data integrity, security, and privacy standards across digital banking platforms
Continuously seek opportunities to improve solution delivery practices and tools within the digital banking team
Lead on programs and expected to lead activities to ensure that both the business outcomes of the project are achieved as well as the outcomes are aligned to our business strategy
Define the work breakdown structure for all involved teams, by setting and meeting the deadlines for that work
Lead discussions to gather requirements and review artifacts, while working to resolve issues that impede progress
Develop list of critical documentation and artifacts to meet project objectives, complete high-quality deliverables, and effectively communicate learnings, findings, impacts, and next steps with subject matter experts or project stakeholders
Use deep understanding of Microsoft Office tools, Diagramming Software (e.g. Lucid, Visio, etc.), and/or other appropriate technical tools in review of Banking processes, functions, or organizational models within a specific domain or functional area
Requirements
8+ years of related experience
Bachelor's degree in related field required
Previous leadership experience preferred
Advanced knowledge of general Financial Services or Banking is preferred
Demonstrated expertise in implementing and migrating third-party digital banking solutions, including integration of external platforms and overseeing end-to-end deployment
Advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices
Advanced to expert in process and data analysis within one or two domains or functional areas with deep critical thinking skills
Proven ability to translate complex business needs into comprehensive system requirements and articulate application configurations that meet both operational and regulatory standards
Demonstrated experience with problem and incident management processes, including leading Root Cause Analysis and resolving high-impact issues
Strong knowledge of data integrity, security, and privacy best practices, with a focus on maintaining high standards across digital banking platforms
Hands-on experience with Agile methodologies, including adapting to evolving requirements and supporting iterative development cycles
Thorough knowledge of WCAG (Web Content Accessibility Guidelines) principles and their application to ensure accessible, inclusive digital banking user interfaces
Experience working as a SME across one or two domains or functional areas
Advanced speaking and writing communication skills.
Occasional travel required.
Benefits
competitive salaries
an ownership stake in the company
medical and dental insurance
time off
a great 401k matching program
tuition assistance program
an employee volunteer program
a wellness program
Job title
Principal Analyst I – Business Systems Analyst, Digital Banking
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