Senior Business Analyst – Capital Markets
1 year contract to start
1 day in the office in Toronto
Ideal Candidate Profile
The ideal candidate is a hands-on Capital Markets Business Analyst with strong collateral domain knowledge and investigative capabilities.
This is not a traditional requirements-gathering-only BA position. We are looking for someone who takes ownership of business questions and issues from beginning to end.
The successful candidate should be comfortable engaging directly with Front Office stakeholders, asking the right questions, independently researching problems, analyzing underlying data, and developing a clear understanding of what is happening across business processes and technology systems.
Reliability, thoroughness, strong communication, and the ability to take initiative are essential to success in this role.
Role Overview
We are seeking an experienced Senior Business Analyst to support the ongoing operations and enhancement of enterprise collateral management platforms within a Capital Markets environment.
This role will serve as a key liaison between business stakeholders and technology teams, with a particular focus on funding activities, resource management, and collateral utilization. The successful candidate will develop a strong understanding of how cash and securities are sourced, allocated, deployed, and optimized across various financial activities.
This position requires a hands-on, detail-oriented Business Analyst who understands Capital Markets processes and can confidently engage with Front Office stakeholders. The ideal candidate is naturally investigative, comfortable working independently, and capable of analyzing complex business processes and underlying datasets to identify and resolve issues.
Key Responsibilities
- Act as a primary business analysis resource for day-to-day inquiries, investigations, and operational support related to collateral management.
- Work closely with stakeholders across Central Funding, Resource Management, Front Office, Operations, Treasury, and Technology.
- Develop a thorough understanding of collateral sourcing, allocation, utilization, and optimization across various Capital Markets activities.
- Support business processes involving securities financing, funding arrangements, collateral swaps, and related optimization activities.
- Investigate business and production issues by analyzing system workflows, transaction processes, data flows, and underlying datasets.
- Perform detailed data analysis, reconciliation, and validation using SQL and modern data platforms.
- Gather and translate business requirements into functional specifications and technical requirements for development teams.
- Support application and process enhancements throughout the full delivery lifecycle, including requirements gathering, solution design, testing, implementation, and post-production support.
- Maintain detailed knowledge of existing collateral management processes and act as a trusted point of contact for business stakeholders.
- Proactively identify process gaps, data discrepancies, and operational inefficiencies, ensuring issues are investigated and resolved.
- Balance ongoing business-as-usual support responsibilities with project delivery and technology enhancements.
Must-Have Qualifications
- 6+ years of Business Systems Analysis experience within Capital Markets or Financial Services.
- Strong understanding of Collateral Management, Securities Financing, Funding, or related Capital Markets processes.
- Knowledge of how cash and securities move across Front Office, Operations, Treasury, and supporting technology platforms.
- Strong SQL skills and hands-on experience with data analysis and investigation.
- Experience analyzing, reconciling, and validating large and complex datasets.
- Proven ability to work directly with Front Office and senior business stakeholders.
- Excellent communication and stakeholder management skills.
- Strong attention to detail, accountability, and organizational skills.
- Demonstrated ability to independently investigate complex issues, identify root causes, and drive them through to resolution.
- Experience balancing operational support and BAU activities with project-based enhancements.
Nice-to-Have Qualifications
- Experience with Databricks or other modern data platforms.
- Knowledge of collateral allocation, utilization, and optimization methodologies.
- Familiarity with securities lending, repurchase agreements (Repo), collateral swaps, margin, or secured funding.
- Experience working with security master, trade, position, pricing, counterparty, and reference data.
- Experience supporting internally developed Capital Markets applications.
