Position Id
Toronto ON
Job Type
Contract Full-Time

Position: Business Analyst (Level 5)

Duration: 4 months

Location: Remote for now and later Downtown Toronto

Job Description:

Responsible for performing complex research and analysis of major derivatives initiatives to identify, document and analyze complex processing, service and/or technical improvement opportunities. Business initiatives may also include implementations of new technologies and new product implementations.

Key Accountabilities:

Individual Accountabilities:

  • Gather, document, and track business requirements through the Work Request or project processes adding value, as needed, to the design/analysis and testing phases
  • Development, documentation, and execution of test strategies, test plans, test cases and expected results in consultation with clients to ensure that initiatives being implemented meet expected deliverables
  • Work independently or with management to identify complex operational business issues and develop creative solutions involving workflow procedures and/or new technologies
  • Identification of solutions and alternatives to business and system problems, outlining their relative merits, cost, compatibility, etc., to ensure clients make informed decisions
  • Use industry experience and contacts to assist Global Derivatives Services in understanding what other similar companies are doing in terms of providing like solutions for initiatives tables (i.e. "best of breed" solutions)
  • Development of individual as well as cross-functional feasibility studies and business cases for new initiatives that will identify the business requirements and detail cost/benefit analysis to gain overall approval
  • Establish relationships with business leaders in order to determine optimal solutions for complex business needs. Use your industry knowledge and expertise, as well as external service providers to support new processes or requests by clients
  • Ensure that all processes and systems work within the mandated regulatory and compliance requirements for the industry
  • Ensure stakeholders have a common understanding of project deliverables and parameters (e.g. Time, cost, quality and benefits)
  • Exercise judgment in identifying issues, modifying plans as business conditions change, assessing courses of action and developing recommendations
  • Maintain focus as priorities change, keeping business needs and importance in perspective as it relates to overall strategic goals and communicating these changes in an understandable, justified and acceptable means
  • Map complex business procedures into existing and new system processes and reporting

Job Requirements:

Must haves:

  • 5-7 years Business Analysis experience in Application Management environment within the financial services industry, ideally within insurance companies
  • In-depth understanding of Hedge Accounting and IFRS 9/17 accounting standards
  • FINDUR or similar derivatives application knowledge is desirable
  • Knowledge and understanding of system design and analysis, acceptance and user testing, training and product improvement methodologies
  • Strong Investment business knowledge, especially in the derivatives trading and operations, with 3+ years of hands-on experience as a Business Analysis in Derivatives/Investment IT Application Management
  • Exposure to OTC and exchange traded derivatives through formal course work and/or industry experience
  • University degree in Business/Finance MBA, CFA, FRM or similar certification would be an asset; CBAP desired
  • In-depth understanding of strategic business objectives combined with broad industry knowledge of investment products, market practices and derivatives operations
  • Knowledge of industry compliance and regulatory requirements
  • Highly developed presentation and communication skills
  • Ability to work independently as well as part of a team in an international setting.
  • Strong communications and influencing skills with the ability to articulate business cases clearly and effectively, while motivating team members and negotiating with representatives in other areas
  • Able to analyze complex subject matter and propose solutions
  • Proactive versus corrective problem resolution

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