Job Summary
The Senior/Lead Business Systems Analyst (BSA) – Expected Credit Loss (ECL) serves as a key liaison between Risk, Finance, Credit Risk Modelling, Data Management, Technology, and Regulatory Reporting teams. The role is responsible for analysing, designing, and delivering solutions supporting the bank's Expected Credit Loss (ECL) framework, IFRS 9 compliance, credit risk reporting, data integration, and model implementation initiatives.
The successful candidate will lead business analysis activities, translate regulatory and business requirements into functional specifications, support the implementation of ECL models, and drive strategic data and system transformation initiatives across the enterprise.
Key Responsibilities
Business Analysis & Requirements Management
Gather, analyse, document, and validate business requirements related to ECL/IFRS 9 processes.
Collaborate with Risk Management, Finance, Data Governance, Regulatory Reporting, and Technology stakeholders.
Translate business requirements into detailed functional and technical specifications.
Facilitate stakeholder workshops, requirement walkthroughs, and solution design sessions.
Manage requirement traceability throughout the project lifecycle.
Expected Credit Loss (ECL) & Credit Risk Initiatives
Support end-to-end ECL calculation processes, including:
Probability of Default (PD)
Loss Given Default (LGD)
Exposure at Default (EAD)
Forward-Looking Information (FLI)
Macro-economic scenarios
Staging assessment (Stage 1, 2, and 3)
Partner with quantitative model development teams for model implementation and enhancements.
Analyse the impacts of regulatory and accounting changes on ECL processes and systems.
Support model governance, validation, and audit activities.
Data Analysis & Systems Integration
Project Leadership
Testing & Implementation
Regulatory & Governance Support
Ensure compliance with:
IFRS 9
Basel Framework
OSFI guidelines
Internal risk governance standards
Support regulatory examinations, internal audits, and model reviews.
Maintain comprehensive business and technical documentation.
Experience
7+ years - 10+ years of Business Analysis experience in financial services.
3+ years of experience supporting ECL-related initiatives.
Strong experience in banking risk management and regulatory reporting environments.
Experience managing large-scale data and systems transformation projects.
Business Systems Analyst • Toronto, Ontario, Canada
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