Business System Analyst

Job Description:

• Business group: GTA – GBME FICC& Equity Trading – Derivatives and Structured Product Technology – The hiring manager supports the global equity derivatives business line, overseeing trading applications that span the full lifecycle—from trade booking and post-trade events to end-of-day processing and downstream data distribution for derivative products.
• Project: The successful candidate will work on Grand Central enhancements in building a Structured Notes Request For Quote platform and integrate with in-house-built trading applications covering US/Canada and Europe regions.

Typical Day in Role:

• Collaborate with cross-functional stakeholders across Front Office, Middle Office, Product Control, and Financial Engineering teams.
• Work closely with stakeholders across Canada, US and Europe mainly with Sales and Trade teams.
• Provide weekly updates to stake holders organize spring planning and execution.
• Gather, analyze, and document business requirements; translate them into clear specifications for development teams.
• Develop detailed documentation, including business requirements, workflows, and process diagrams.
• Perform gap analysis between current and target states and propose scalable solutions aligned with business and regulatory needs.
• Leverage domain expertise in equity and fixed income products to support project success.
• Operate within an Agile environment, participating in ceremonies such as sprint planning and stand-ups.
• Support production issue analysis and resolution

Candidate Value Proposition:

• This is a high-visibility opportunity to work within a complex and globally impactful business line, contributing in building inhouse Structued Notes Issuance Platform initiative. The role offers
• Exposure to derivatives pricing and market risk factors
• Collaboration with front-to-back office stakeholders
• Opportunity to influence core trading and valuation systems

Candidate Requirements/Must Have Skills:

• 10+ years of experience as a Business Analyst, including experience with documentation, ability to create workflow diagrams, business requirements
• 5+ years’ experience in capturing business requirements for building a Derivative Products Trading Application covering Trade Capture, Integration with Pricing Models.
• 5+ years’ experience with market data used to price derivative instruments
• 5+ years’ experience with the trade life cycle for derivative products events such as Amend, Unwind, Rate Reset or Fixing Process and Realized Cashflows.
• 2+ years’ experience with risk watch pricing engine.

Nice-To-Have Skills:

• Advanced Knowledge of derivative financial instruments related to Equity Options, interest rate swaps, Cap/Floor, Inflation asset swaps
• Unix Scripting
• Python Scripting
• Pl/SQL
• Automated testing experience

Soft Skills Required:

• Able to document and clearly communicate with stakeholders
• Team player

Education:

• Bachelor’s degree
• CFA/FRM an asset

Best VS. Average Candidate:

• This is a Capital Markets Business Analyst role supporting derivatives trading applications. Because the engagement is short-term, the manager wants someone who can contribute immediately with minimal ramp-up time.
• The strongest candidate will have: Hands-on experience supporting derivatives trading applications
• Strong understanding of:
o Trade capture
o Trade processing
o Trade lifecycle management
o Pricing workflows
o Post-trade processes
• Experience working closely with:
o Front Office
o Risk Management
o Finance/Accounting
o Regulatory or Reporting teams
• Ability to explain specific projects where they:
o Gathered requirements
o Mapped business processes
o Led workshops
o Delivered trading system enhancements
o Managed integrations between trading and downstream systems
• Previous experience within large Canadian banks or Capital Markets environments.

Other Strong Assets:

• Experience supporting derivatives technology platforms
• Capital Markets transformation projects
• Cross-functional stakeholder management across trading, risk, finance, and technology teams

Candidate Review & Selection:

• In person– 60 mins – Hiring manager – role overview, previous experience check, Technical questions.
• 2nd round Video– 30 mins – Director– cultural fit and situational questions.

Please note:

• AI is not used to screen, assess, or select candidates.
• This role reflects an existing vacancy at the time of posting.