Business Systems Analyst, Market Risk

Requisition ID: 264925

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Story Behind the Need

Team

Business group: The GFRT – Global Finance Risk Technology supports trade flow risk management and other middle office teams.

Project: The group is responsible for the onboarding and ongoing monitoring of IRIS, a centralized solution for the purpose of calculating and reporting Independent Price Verification (IPV) P&L impact and Bid-Offer Reserves for all business lines. The solution encompasses both the calculation of IPV/Bid-Offer reserves in line with the Official Rate Source Documents outlined by Trade Floor Risk Management, and provides workflow capabilities to ensure accurate and consistent representation of IPV results to Risk Management, Front Office, Product Control and ultimately to the valuation committee to what is recorded within the ledger.

Role

Application Support and Testing

Candidate Value Proposition

The successful candidate will have an opportunity to join an exciting team that requires not only a strong BA, but a problem solver who will use new technology to leave a lasting impact for Risk Technology groups at the bank.

Is this role right for you? In this role you will:

• Manage, analyze and document detailed-level business and functional requirements (relating to data, business rules, calculations, report outputs) utilizing relevant requirement artifacts.
• Lead and conduct workshops to facilitate requirements gathering and discovery.
• Work closely with stakeholders to assess the current and future states and perform detailed gap analyses.
• Identify upstream and downstream dependencies.
• Produce breakdown of effort estimates for analysis and requirements-related activities.
• Provide hands-on support during various cycles of testing, including Functional Testing, Quality Assurance, Systems Integration Testing, and User Acceptance Testing.
• Actively contribute to process re-engineering and process improvement.
• Ability to resolve complex, multi-faceted problems to meet the business needs of Global Banking & Markets by applying their financial and technological knowledge to the design of systems solutions, methodologies, and/or processes.
• This may involve rapid prototyping, with requirements and solutions developed on an iterative basis that provides interim deliverables until a final production solution is created. This includes conducting research and analysis, accurately and clearly defining user requirements and processes, and liaising with the users.
• Highly motivated and committed, capable of working in a dynamic environment with aggressive timelines, multiple work streams running in parallel.
• Be flexible and thrive in an evolving environment.
• Adapt to change quickly and adjust work accordingly in a positive manner.

Do you have the skills that will enable you to succeed in this role? We’d love to work with you if you have:

• Bachelor's degree in a business or technical fields such as computer science, computer engineering, or related field required
• 5 years’ Business Analysts experience within the Capital Markets field, ideally within Market Risk
• 5 years’ BA experience gathering requirements, designing methodologies, building test cases, executing tests, and supporting production systems.
• Strong SQL skills required – min 5 years’ experience (contractor should be able to run queries easily and update if needed)
• Excellent communication and presentation skills to manage stakeholder relations, and team-player who can work with cross-departmental teams
• working experience in an agile environment.
• About 30% of the role would involve some form of Production Support: every team member does this rotation following an Agile model and will be required before going to production –if full automation no more issues, then this will be minimized*

Nice-To-Have Skills:

• Excellent team player by working with cross-departmental business & IT stakeholders, ability to manage conflicts
• RiskWatch experience or similar products.
• Recent (within last 3 years’) real-time analytical and formal modeling tools and keep current with rapidly changing technology.
• Kafka, Elastic Search – data is published to Elastic Search (just to have JSON Structure) * don’t need expertise in that*
• The successful candidate will be a strong problem solver. They will be evaluating how to approach codes and errors within them. The logical reasoning behind the code is key to success in this role.

What's in it for you?

• We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!
• We provide you with the tools and technology needed to create beautiful customer experiences.
• You'll get to work with and learn from diverse industry leaders, who have hailed from top technology companies around the world
• Onsite cafeteria.
• We offer a competitive total rewards package that includes a base salary, a performance bonus, company matching programs (pension & profit sharing), generous vacation, personal & sick days, personal development funding, maternity leave top-up, parental leave and much more.

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.