Capital Markets Business Analyst

Position Title: Capital Markets Business Analyst
Location: Toronto, ON
Duration: 6 months

Story Behind the Need
Business group: Rates Derivatives Technology Group
This group deals with majority of rates and the main products include interest rates swaps and options (Swaptions), Callable, Cap/Floor options.
Projects: Mexico Margin Common changes for BANX regulation –
The candidate will be working on an ongoing project helping Mexico group meet their regulatory options mainly focused on initial margin.
Reason: Backfill
Candidate Value Proposition:
The successful candidate will have the opportunity to work together with a group of IT product owners and developers in order to help our Mexico business deliver their regulatory needs. There will be an opportunity to contribute to other projects ongoing in our in-house developed Derivatives Trading application. There is an overlap in project and skilled candidates will be transferred to the other projects as well.
Typical Day in Role:

• Gather and understand requirements from our Mexico business and technology groups.
• Design and build/improve new/existing processes.
• Co-ordinate with local (Toronto) development teams to ensure work is delivered on time.
• Liaise with Mexico technology and business stakeholders to ensure deliverable meets their requirements.
• Provide reporting to management on progress, raise concerns and suggest improvements to existing processes.
• Leading the efforts from Toronto office and will be responsible for their own work and certain element of creative control over the solution.

Candidate Requirements/Must Have Skills:

• Good understanding and knowledge of derivatives, in particular financial aspects such as risk management/systems, P&L analysis, VaR. MtM. Products include IR Swaps, FX options (FXO), IR options (Cap/floor)
• Good understanding of derivatives trade lifecycle management including trade reconciliation, fixing and confirmations/settlements.
• 5+ years of experience working with technology applications that supported derivatives trade lifecycle processes, including both in-house and vendor solutions (e.g. Calypso, Murex, ION).
• 10+ years of experience as a business analyst

Nice-To-Have Skills:

• Understanding of initial margin fundamentals and knowledge
• Experience with Kafka streaming architecture, or any data lake architecture is a bonus

Soft Skills Required:

• Good verbal and written communication skills
• Ability to organize own work and lead workstreams.

Education & Certificates:

• STEM degree (e.g. Computer Science, Engineering, or Physical Sciences degree),
• Candidates qualified in CFA would be preferred.

Best VS. Average Candidate:
The best candidate will not only understand the specific need but also how these fits into the larger picture and if any related changes need to be made
Having a holistic mindset system that they have supported in their previous organizations.
8+ years of Experience with communications with front (FO), middle (MO) and back office (BO) stakeholders.
Interview schedule:
1st round – In person preferred, virtual optional – HM – 30 mins (Must have skills/work experience/technical aspects and soft skills)
2nd round may depend (specific to financial knowledge)