Business Analyst Specialist (Money Market Applications)

January 13 2021
Industries Bank, Insurance, Financial services
Categories IT Business Analyst, Project Management, Business Analysis
Toronto, ON

Requisition ID: 94426

Join the Global Community of Scotiabankers to help customers become better off.

The Team:

The Funding Technology team supports Scotiabank’s Group Treasury business by providing functional and technical expertise in money market products and related internal and third-party applications. The business analyst team acts as a liaison between business stakeholders and internal development groups, gathers robust requirements for enhancement / modification requests, recommends effective solutions for business and technology objectives, and conducts thorough testing of technology solutions. As subject matter experts, the team also serves as an escalation point for production issues and assists other internal upstream / downstream technology groups.

The Role:

  • Independently resolve complex, multi-faceted problems to meet the needs of Group Treasury business, by applying financial and technological knowledge to the design of methodologies, models, and/or systems solutions. 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.
  • Manage multiple small projects and/or lead specific sections of large projects to implement solutions to business problems. This involves planning and scheduling resources, developing detailed project plans, monitoring progress against planned objectives, financial review, and securing consensus and co-operation from users and senior management.
  • Participate in the systems implementation process by defining business requirements and processes, developing test strategies and test cases, performing testing, defining user procedures and workflows, developing conversion and implementation strategies, verifying conversion, providing user documentation, providing user training, and providing post-implementation support.
  • Provide business support to all units Globally, including new and existing product and deal structuring, ad hoc queries and MIS, user training, and assisting with the design and implementation of systems enhancements. This is made more challenging due to differences in time zones and the variation in the business lines. The incumbent is responsible for ensuring that management is kept informed and that problems and issues are escalated appropriately.
  • Continually acquire and enhance knowledge of the Division's business strategies and policies, risk management practices and methodologies, product offerings, financial markets, financial instruments, regulatory requirements, Back Office processes, and rapidly changing technology to be able to provide effective business solutions and services to the end user business lines.

Is this role right for you?

In this role you will be responsible for managing small projects (<100 workdays) and managing and/or participating in specific sections or large projects (> 500 workdays), with budgets of approximately $500,000. The systems developed are on-line real time, mission critical applications to support the trading and risk management operations where the consequence of implementing functionally based on inaccurate requirements could expose the Bank to significant losses or undue risk.

Do you have the skills that will enable you to succeed in this role?

You must

  • Possess advanced knowledge of financial instruments, including market conventions and valuation methods, risk management methodologies and models including best practices, current and anticipated regulatory requirements, Back Office processes and the end-to-end workflows among the Front, Middle and Back Offices within at least one financial market area (e.g. foreign exchange, interest rate derivatives) and a very good knowledge of at least one other financial market area.
  • Be a creative, self starting, results oriented and highly motivated individual with very good analytical skills in order to apply this knowledge to independently resolve complex business problems.
  • Demonstrate strong interpersonal communication and negotiation skills in order to build consensus and obtain cooperation from both users and senior management. These skills, along with your good time management and organizational skills, will allow you to effectively manage small projects while planning and scheduling resources within those projects to optimize productivity.
  • Have a very good understanding of current IT practices, systems development techniques, including requirements specification and testing methodologies, real time analytical and formal modelling tools and keep current with rapidly changing technology.
  • Have a recognized under-graduate degree in business, economics, mathematics or a related discipline, along with 4 to 6 years of practical experience is required.

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
  • Dress codes don't apply here, being comfortable does
  • Onsite cafeteria
  • We offer a competitive total rewards package that includes a base salary, a performance bonus, company matching programs (on 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

As Canada's International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.

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.

Apply now! network