Business Analyst – Investment Risk

Business Analyst – Investment Risk (1859)
NOTE: Hybrid work model, 3 days per week in Toronto, Ontario office
TYPE: 12-month contract, 8 hours per day, 40 hours per week
RATE: $ 90-95/hr
SKILLS: 5+ years Business Analyst, Investment Risk, Market Risk, Credit Risk, Liquidity Risk, VaR, SQL Queries, Python, Data Analysis, Snowflake, Excel Power Pivot, detailed requirements, design test cases, data evaluation, risk calculation, financial instruments valuation, CFA, FRM, Risk Models, Agile
INDUSTRY: Capital Markets

DESCRIPTION
Seeking an experienced Business Systems Analyst with strong domain expertise in capital markets and investment risk to support a Product Engineering team within a large enterprise technology environment.
This role supports both ongoing application enhancements and a cloud migration initiative, with a strong focus on risk models and investment analytics. The position operates in a collaborative, cross-functional team of business analysts and developers working closely with business stakeholders.
The successful candidate will bring deep experience in investment risk and financial products, along with strong data analysis capabilities. This role is best suited for a Business Analyst who is comfortable working with complex datasets, understands risk calculation methodologies, and can translate business requirements into clear, actionable specifications for technical teams.
The role includes a strong emphasis on validation and testing of risk models and data outputs. While there is no dedicated QA team, the Business Analyst plays a critical role in defining test cases and ensuring the accuracy of results.
You will work closely with business stakeholders, product owners, and developers to deliver enhancements to in-house applications that support investment risk management and business operations.
RESPONSIBILITIES

• Engage business stakeholders to understand business objectives, investment workflows, and risk-related requirements

• Gather, analyze, and document functional and non-functional requirements and translate them into clear user stories and solution specifications

• Lead requirement discussions and produce detailed documentation including meeting notes, process flows, and data mappings

• Work closely with developers to ensure requirements are clearly understood and implemented accurately

• Support day-to-day delivery and enhancement of investment risk applications

• Define and maintain data flows and transformations across systems and risk data repositories

• Design and create test cases to validate system functionality and risk model outputs

• Perform data validation and ensure accuracy of calculations related to risk metrics

• Support User Acceptance Testing activities including defining test strategies, coordinating execution, and validating results

• Collaborate with developers to improve automated testing coverage and validation processes

• Contribute to continuous improvement of business analysis practices and team delivery effectiveness

• Participate in planning and estimation activities for ongoing initiatives and enhancements

• Identify risks, issues, and dependencies and communicate them clearly to stakeholders

• Other duties as assigned

REQUIREMENTS

• Experience with the following technologies is an asset: PL/SQL, MS SQL Queries, Snowflake, Python, multi-dimensional databases, Jira, Excel Power Pivot, and MS Visio

• Experience with financial instruments valuation and risk calculation, risk management technologies, approaches, and practices, including Liquidity Risk, Market Risk, Credit Risk, financial modeling, and Monte Carlo simulations

• Strong knowledge and experience in risk measurement methodologies, including VaR, sensitivities, option Greeks, and stress testing

• Experience with relative risk valuation against a benchmark is an asset

• Extensive knowledge of institutional investment products, including exchange-traded products, derivatives, and/or private and alternative investments

• University degree or equivalent experience in Business/Finance, Financial Mathematics, Computer Science, or Engineering

• One or more of the following is an asset: CFA, FRM, MBA, CBAP, or process improvement methodology accreditation

• 6+ years’ experience in one or more of the following roles: Senior Business Analyst, Business Consultant, BSA, Risk Analyst, Product Manager, or Product Owner

• Ability to leverage AI tools and automation to accelerate analytics and deliverables efficiently and responsibly

• Ability to prioritize, coordinate, and complete tasks to meet deadlines

• Superb written and verbal communication skills

• Ability to work independently and in a team environment, collaborating effectively with business, delivery, and technology partners

• Experience collaborating with product-oriented delivery and technology teams to deliver solutions that address business problems and meet business requirements

• Robust understanding of Agile practices

ADDITIONAL CONTEXT

• This role operates within a small, highly collaborative team with no dedicated QA function

• The Business Analyst is expected to play a key role in ensuring solution quality through structured validation and testing

• Strong investment risk domain expertise is a critical requirement and a key screening factor

NOTE: As part of our hiring process, we use AI-based systems to support initial applicant screening.