Business Analyst

Motion Recruitment; Mississauga; On-site; CAD 90,000 - 130,000; Full time

Job summary

Motion Recruitment is seeking a Business Analyst to help build a unified Risk platform. You will bridge Model Risk Management stakeholders and technology teams, translating business needs into robust, regulatory-compliant requirements and driving the lifecycle from development through monitoring.

Responsibilities include creating detailed user stories with acceptance criteria, documenting workflows, and supporting QA and testing to ensure alignment with SR 11-7/SS1/23.

Qualifications

• Proven experience as a Business Analyst, preferably within a Model Risk Management, model validation, or familiarity with quantitative risk function in MRM.
• 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.
• 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).

Responsibilities

• Will play a crucial role in the development and enhancement of a new, unified platform for the Risk organization.
• Will act as a vital conduit between the Model Risk Management business stakeholders, and technology teams.
• 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.
• Collaborate with all stakeholders, including Model Risk, model owners, model validators, business users, and dependent technology teams, to elicit, analyze, and document detailed business requirements aligned with MRM policies and governance standards.
• Work closely with the Product Owner to break down high-level Epics into well-defined, actionable user stories with comprehensive acceptance criteria, covering model inventory management, validation lifecycle, and findings tracking workflows.
• Document current and future state workflows for model development, independent validation, approval, and ongoing monitoring — identifying gaps and opportunities for process improvement to support a single, unified MRM workflow across all model tiers.
• Partner with the QA team to develop detailed test cases and scenarios specific to MRM workflows (e.g., model submission, validation findings, approval routing). Participate in testing to validate that implemented solutions meet both business and regulatory requirements.
• Serve as a key communication bridge between model validators, model owners, senior MRM leadership, and technology teams — ensuring a clear and common understanding of requirements, project status, and deliverables at all stages.

Skills

Business Analyst

Model Risk Management

Model validation

Quantitative risk

Data migration

Agile methodologies

Epics

User stories

Acceptance criteria

Analytical skills

Problem-solving

Stakeholder management

MRM governance

Model development

Independent validation

Model tiering

Ongoing monitoring

Regulatory expectations

SR 11-7

SS1/23

Job description

Duration: 6+ Months (High Possibility of Extension)

Required Skills & Experience

• Proven experience as a Business Analyst, preferably within a Model Risk Management, model validation, or familiarity with quantitative risk function in MRM
• 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.
• 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).

What You Will Be Doing

• Will play a crucial role in the development and enhancement of a new, unified platform for the Risk organization.
• Will act as a vital conduit between the Model Risk Management business stakeholders, and technology teams.
• 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.
• Collaborate with all stakeholders, including Model Risk, model owners, model validators, business users, and dependent technology teams, to elicit, analyze, and document detailed business requirements aligned with MRM policies and governance standards.
• Work closely with the Product Owner to break down high-level Epics into well-defined, actionable user stories with comprehensive acceptance criteria, covering model inventory management, validation lifecycle, and findings tracking workflows.
• Document current and future state workflows for model development, independent validation, approval, and ongoing monitoring — identifying gaps and opportunities for process improvement to support a single, unified MRM workflow across all model tiers.
• Partner with the QA team to develop detailed test cases and scenarios specific to MRM workflows (e.g., model submission, validation findings, approval routing). Participate in testing to validate that implemented solutions meet both business and regulatory requirements.
• Serve as a key communication bridge between model validators, model owners, senior MRM leadership, and technology teams — ensuring a clear and common understanding of requirements, project status, and deliverables at all stages.