Business Analyst – Model Risk Management

Our client is looking for a Business Analyst who will act as a vital conduit between the Model Risk Management business stakeholders, and technology teams. The BA will be responsible for translating high-level business needs into detailed requirements, ensuring the resulting platform is robust, scalable, and compliant with all regulatory standards — including Model Risk Management governance frameworks, model validation workflows, and SR 11-7 / SS1/23 regulatory guidance. The candidate must have: Proven experience as a Business Analyst, preferably within a Model Risk Management, model validation, or familiarity with quantitative risk function in MRM Strong understanding of model risk management principles, including model development, independent validation, model tiering, and ongoing monitoring in accordance with regulatory expectations (SR 11-7, SS1/23, or equivalent). Experience with large-scale data migration projects, including data analysis, mapping, and validation — ideally involving model inventory or risk data. Expertise in Agile methodologies (Scrum/Kanban), with a proven ability to write clear and effective Epics, user stories, and acceptance criteria. Excellent analytical and problem-solving skills, with the ability to translate complex MRM governance requirements into detailed technical platform specifications. Experience in Reviewing test cases and supporting the quality assurance process Exceptional communication and interpersonal skills, with the ability to effectively engage and manage stakeholders across model risk, technology, audit, and senior leadership levels. This is a contract position and work type is hybrid (3 days on side). Location is Greater Toronto Area.

The Business Analyst acts as a conduit between Model Risk Management stakeholders and technology teams to translate business needs into technical requirements. They ensure the platform is scalable and compliant with regulatory standards and governance frameworks.

Candidates must have proven experience in business analysis within a quantitative risk or model risk management function. Expertise in Agile methodologies and familiarity with regulatory guidance such as SR 11-7 and SS1/23 is required.

• Quality assurancePreferred
• ScrumPreferred
• AgilePreferred
• Business analysisPreferred

Identified from the job description. Confirm important requirements above.

• Business Analysis
• Model Risk Management
• Model Validation
• SR 11-7
• SS1/23
• Data Migration
• Agile
• Scrum
• Kanban
• Requirement Gathering
• Stakeholder Management
• Quality Assurance
• Model Tiering
• Model Inventory
• Technical Specification Writing

• Finance & Accounting
• Data & Analytics
• Consulting
• Technology
• Management & Leadership

Minimum experience

2+ years

Apply by

Sep 19, 2026

Posting language

English

Working hours

40 hours per week

Office presence

3 days per week

Seniority

Associate

Application method

Direct apply is available