Business Systems Analyst, Market Risk
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Key skills for this role
About the Role
Scotiabank is seeking a Business Systems Analyst to support the Global Finance Risk Technology team. The role focuses on managing requirements, testing, and production support for the IRIS system, which calculates Independent Price Verification and Bid-Offer Reserves.
Key Skills for This Role
Responsibilities
- Manage, analyze and document detailed business and functional requirements relating to data, business rules, calculations, and report outputs
- Lead and conduct workshops to facilitate requirements gathering and discovery
- Work with stakeholders to assess current and future states and perform gap analyses
- Identify upstream and downstream dependencies
- Produce breakdown of effort estimates for analysis and requirements related activities
- Provide hands on support during testing cycles including Functional Testing, QA, SIT, and UAT
- Contribute to process re engineering and improvement
- Resolve complex problems to meet business needs by applying financial and technological knowledge
- Participate in production support rotation (approximately 30% of role)
Requirements
- Bachelor's degree in business or technical field (computer science, computer engineering, or related)
- 5+ years Business Analyst experience in Capital Markets, ideally Market Risk
- 5+ years BA experience gathering requirements, designing methodologies, building test cases, executing tests, and supporting production systems
- Strong SQL skills with 5+ years experience
- Excellent communication and presentation skills
- Working experience in an agile environment
- RiskWatch experience or similar products (nice to have)
- Knowledge of Kafka and Elastic Search (nice to have)
Full Job Posting
Story Behind the Need
- The GFRT – Global Finance Risk Technology supports trade flow risk management and other middle office teams.
- The group is responsible for onboarding and monitoring IRIS, a centralized solution for calculating and reporting Independent Price Verification (IPV) P&L impact and Bid Offer Reserves for all business lines.
In this role you will:
- Manage, analyze and document detailed 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 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.
- 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?
- 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.
About Scotiabank
- 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 bankin
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