Senior Derivatives Business Analyst

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About the Job

Our client has a requirement for a Senior Derivatives Business Analyst for a three month contract opportunity.  The position is located in Toronto.

What makes this Special

Our client is one of the largest Banks in North America. With exponential growth and millions of customers and clients who are served through our various businesses: Canadian Personal and Commercial Banking, Wealth Management, U.S. Personal and Commercial Banking, and Wholesale Banking. Being part of this company is being part of a better Canadian service.

Role

We are looking for a Senior Derivatives Business Analyst to work on the Implementation of G20 Summit / Dodd Frank Initiatives. The successful candidate will review requirements for swap execution facilities and trade repositories.

Responsibilities

Elicit Requirements

• Analyze the current state in order to create the design, definition and documentation of business requirements and associated technology and processes
• Proactively draw out and document requirements, information and assumptions (implicit/explicit) from stakeholders using a variety of tools and techniques
• Understand, challenge, probe, categorize, prioritize, document and reconcile information and requirements
• Validate that the stakeholder’s needs have been understood and correctly captured/documented
• Obtain signoff for requirements

 Requirements Management

• Identify the customers/clients, users and stakeholders to determine who should be involved in the requirements gathering process
• Track and manage changes to requirements throughout the project life cycle
• Ensure traceability of appropriate design, solution and documentation to business requirements
• Understand, prioritize and plan the approach based on dependencies between initiatives
• Provide status updates, escalation to manager as appropriate

 Communication

• Concisely communicate ideas, options and recommendations in an appropriate format for the audience - i.e. Use written, numerical, charting, verbal and diagrammatic techniques
• Facilitate and maintain the focus of a diverse group of stakeholders - Use different techniques/approaches in order to build consensus, enable agreement and/or course of action that is mutually agreeable to all stakeholders
• Manage people and situations, including finding causes of and approaches to address problems and diffuse conflict before it starts
• Present difficult or complex ideas clearly and effectively
• Interface with Front Office, Risk Managers, Middle Office and Back Office in all aspects of business requirements gathering and development

Analysis

• Break down information into constituent parts using different techniques/tools in order to distinguish user requests from underlying needs, identify similarities and patterns
• Assess information and analyses to identify conflicts, gaps between requirements/needs and scope, objectives and/or organizational strategies
• Analyze and document workflows, requirements, test cases, and other material to ensure clear communication of complex business concepts and scenarios.
• Identify changes in scope of work, related to requirements and ensure appropriate controls are applied.
• Propose options/ alternatives to align requirements with scope/ objectives/strategies/ needs using the appropriate level of detail for the audience/ issue
• Ensure stakeholders have sufficient understanding of the analyses and implications to enable informed decision making

 Project Management and Support the Team

• Contribute to delivery strategy, road map through the implementation
• Contribute to the resolution of issues
• Assist/contribute to other project roles
• Participate in knowledge transfers to improve the team’s effectiveness

Requirements or Qualifications

Qualified Candidates will have:

• Expert knowledge of business analysis principles
• Advanced knowledge of tools (e.g., MS Office, Visio, MS Projects) within own area
• Project experience in derivatives especially in implementing CCP (Central Counterparty) Solutions.
• Experience of the financial industry, in the following products: OTC Derivatives (Interest Rates, Credit, Equity, Commodity, and FX)
• Knowledge of back office processing flows
• Experience with use cases (UML) and/or dataflow diagrams, understanding of software development life cycle (SDLC), project lifecycle, code documentation, databases, etc
• Expected to work with minimal oversight and supervision
• Working knowledge of Bloomberg, Calypso Derivatives, and other derivative platforms
• Knowledge of Swap Execution Facilities (SEF) & Swap Data Repositories (SDR) is consider and asset
• Awareness of regulatory landscape of Dodd-Frank & G20 Commitments.
• QA and Testing experience

How to Apply

Online:To apply for this and other suitable exciting opportunities with Zylog Systems (Canada) Ltd., you can register and apply online at www.ZylogCanada.com.
Email: If you would like to email a copy of your resume for review, please reference this posted Job Number or Job Description in the subject line of your email for prompt identification and send your email with attached resume to Resumes@zylog.ca