Business Analyst SME
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Key skills for this role
About the Role
RBC seeks a senior Business Analyst SME for its RISE insurance transformation program, focusing on IFRS17 calculations and accounting. You will lead requirements sessions with actuarial and finance teams, define solutions, and ensure alignment with business objectives.
Key Skills for This Role
Responsibilities
- Lead requirements discussions for large scale projects and product enhancements, defining roadmaps and ensuring alignment with business objectives.
- Collaborate with Finance and business line clients to analyze functional requirements and deliver clear, actionable documentation.
- Describe business rules such as translating trading or insurance events to accounting events or derivations required by regulators.
- Ensure traceability of requirements to deliverables.
- Facilitate complex issue discussion meetings and resolve ambiguity.
- Contribute to successful project completion by identifying risks and recommending mitigating strategies.
- Work with upstream Data Provider Teams to troubleshoot, provide requirements, and coordinate end to end solution implementation.
- Provide leadership in process improvement initiatives and enhance system and support documentation.
- Leverage AI capabilities to support future business initiatives.
- Collaborate with project managers, developers, quality engineers, and other business analysts to ensure projects are delivered on time and within budget.
Requirements
- Bachelor's degree in Finance, Accounting, Economics, Computer Science or equivalent
- 10+ years Business Analysis experience delivering large scale programs
- Knowledge of Insurance line of business or actuarial experience
- Familiarity with finance from accounting and risk perspective
- Proficiency in SQL and data visualization tools (Power BI or Tableau)
- Background in data processing, data engineering, data modelling
- Ability to influence senior stakeholders and negotiate priorities
- Scrum Management experience
- Experience with IFRS17 standard (nice to have)
- Experience with Aptitude Insurance Calculation Engine and/or Accounting Hub (nice to have)
Full Job Posting
Opportunity Overview
- Global Functions Technology (GFT) is part of RBC’s Technology and Operations division, collaborating with partners across the company to deliver innovative IT solutions.
- The opportunity is working as an AD, Business Analyst within the RISE team on a multi year Insurance transformation program to enhance IFRS17 accounting results and improve the financial close process.
- RISE is the strategic SubLedger and Calculation Engine for RBC’s Insurance Business built on Aptitude vendor products.
What will you do?
- Lead requirements discussions for large scale projects and product enhancements, defining roadmaps and ensuring alignment with business objectives.
- Collaborate with Finance and business line clients to analyze functional requirements and deliver clear, actionable documentation.
- Describe business rules such as translating trading or insurance events to accounting events; or derivations such as calculations and classifications required by regulators.
- Ensure traceability of requirements to deliverables.
- Facilitate complex issue discussion meetings and resolve ambiguity.
- Contribute to successful project completion by identifying risks and recommending mitigating strategies.
- Work with upstream Data Provider Teams to troubleshoot, provide requirements, and coordinate end to end solution implementation.
- Provide leadership in process improvement initiatives and enhance system and support documentation.
- Leverage AI capabilities to support future business initiatives.
- Collaborate with project managers, developers, quality engineers, and other business analysts to ensure projects are delivered on time and within budget.
- Make recommendations on process improvements and system enhancements to optimize performance and efficiency.
What you need to succeed? Must have
- Bachelor’s degree in Finance, Accounting, Economics, Computer Science or equivalent.
- 10+ years Business Analysis experience, delivering large scale programs.
- Some knowledge of Insurance line of business or actuarial experience.
- Familiarity of finance from an accounting and risk point of view and finance business process.
- Proficiency in analyzing data to derive insights, including using SQL for data querying (e.g., JOINs, CTEs) and visualization tools like Power BI or Tableau.
- Background in data processing (storing & processing), data engineering, data modelling.
- Ability to clearly articulate problems and solutions, influence senior stakeholders and negotiate priorities between business needs and technical feasibility.
- Expert time management and organizational skills with the ability to manage multiple projects with competing deadlines.
- Construct data flow diagrams, business and system context diagrams, create technical specifications and training materials.
- Scrum Management experience, provide high level key deliverable plan and detail break down to user stories and major tasks.
Nice to have
- Previous experience in another Insurance company; risk or quantitative background.
- Familiarity with IFRS17 standard.
- Experience with Aptitude Insurance Calculation Engine and/or Aptitude Accounting Hub.
- AI/Data analytics knowledge, including exposure to machine learning, automation or advanced analytics applications.
- Hands on experience supporting P&L process, valuation controls, and financial reporting.
- Demonstrate integrity and a constructive approach to challenges.
- Lead, coach and mentor others while providing constructive feedback.
- Familiar with scripting languages such as Python.
What’s in it for you?
- A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable.
- Leaders who support your development through coaching and opportunities to grow.
- Ability to make a difference and have a lasting impact.
- A world class training program in financial services.
- Work in a dynamic, collaborative, progressive, and high performing team.
- Opportunities to do challenging work.
- Opportunities to take on progressively greater accountabilities.
- Flexible work/life balance options.
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