Business Analyst - Cash & Liquidity Management

Delpath; Toronto; Hybrid; CAD 75,000 - 95,000; Full time

Job summary

A financial services company is seeking a Business Analyst for Cash & Liquidity Management in Toronto. The role, with a hybrid work model, involves performing current state analyses, developing cash management recommendations, and collaborating across finance and operations. Candidates should have 3-4 years of banking experience and advanced skills in Excel and Power BI. An MBA or CFA is a plus, with strong problem-solving skills required.

Qualifications

• 3-4 years of experience as a Business Analyst in the banking sector.
• Experience in cash flow analysis related to financial products.
• In-depth knowledge of nostros and payment flows.

Responsibilities

• Conduct a current state analysis of cash management functions.
• Develop recommendations for future cash management states.
• Complete review of Balance Sheet and General Ledger.
• Identify sources and uses of cash across business lines.
• Perform system analysis to design solutions for cash management.

Skills

Business Analyst experience in banking sector

Experience with cash flows

Knowledge of nostros and payment flows

Proficiency in Excel and VBA

Experience with Power BI

Education

Degree in Mathematics, Finance or Engineering

Tools

Microsoft Excel

VBA

Power BI

Job description

Overview

Business Analyst – Cash & Liquidity Management

Location: Hybrid - Toronto (4 times/week). Contract Duration: 12 months with a high possibility of extension and conversion to FTE. Business group: Global Cash, Collateral and Intraday Management. Intraday Liquidity Management is a strategic priority; the initiative to develop intraday liquidity forecasting will improve broker-dealers' capabilities by aligning with industry practices and regulatory requirements.

The incumbent will collaborate with finance, operations and settlement groups to understand the securities settlement process, depository cash flows, and their impact on intraday cash forecasting. Responsibilities include documenting the current state, conducting a gap assessment, and developing the future state design.

Responsibilities

• Conduct a comprehensive current state analysis of broker-dealer cash management function and prepare a gap analysis.
• Develop recommendations for the future state of the cash management function.
• Complete a thorough review of the Balance Sheet and General Ledger.
• Identify the sources and uses of cash across various business lines within the entity.
• Perform system analysis and collaborate with data streams to design systematic solutions for cash management.
• Support the implementation of evolving local enhancements in cash and intraday liquidity management processes for relevant entities and business areas.
• Partner with finance and systems teams to identify improvement opportunities in the cash management function.
• Represent the Cash/Intraday Liquidity Management Team on projects and change initiatives by engaging effectively with a broad range of stakeholders.

Must Have Skills

• 3-4 years of Business Analyst experience in the banking sector
• Experience with cash flows related to financial products
• In-depth knowledge of nostros, payment flows, and accounting for cash transactions
• Advanced proficiency in Microsoft Excel and VBA; hands-on with Power BI

Nice-To-Have Skills

• An MBA, CFA or accounting designation is an asset

Education

Degree in Mathematics, Finance & Business, or Engineering. An MBA, CFA or accounting designation is an asset.

Best Candidate Profile

The ideal candidate should possess strong problem-solving skills and an analytical mindset, with the ability to work with raw data, cleaning, transforming, and analyzing it to map business processes. They should be able to structure and store the refined data in Power BI, enabling the development of dashboards and reports that support data-driven decision-making and operate independently. A curious mindset to provide faster resolutions is a plus.