Business Analyst - Market Data, Derivative Products

FP Inc.; Toronto; On-site; CAD 110,208 - 137,760; Full time

Job summary

FP Inc. in Toronto is looking for a seasoned Business Analyst to collaborate closely with cross-functional teams, particularly in Trade Capture and Pricing Models for derivative products. The role requires over 10 years of experience and expertise in business requirements documentation.

The candidate will support project success through analysis and documentation, work in an Agile environment, and utilize the RiskWatch pricing engine. The position offers an hourly rate between $80 and $100, emphasizing an inclusive work culture.

Qualifications

• 10+ years of experience as a Business Analyst with documentation and workflow creation.
• 5+ years’ experience capturing business requirements for Derivative Products Trading Applications.
• Experience with Trade Life Cycle for derivative products.

Responsibilities

• Collaborate with stakeholders across Front Office, Middle Office, and Product Control.
• Gather, analyze, and document business requirements.
• Develop business workflows and process diagrams.

Skills

Business Analysis

Documentation

Workflow Diagrams

Trade Lifecycle Knowledge

RiskWatch Pricing Engine

Education

CFA/FRM

Tools

Unix Scripting

Python Scripting

PL/SQL

Job description

Initial AI Screening will be conducted for this role.

Contract Duration: end of Feb 2027

Typical Day in Role

• Collaborate with cross-functional stakeholders across Front Office, Middle Office, Product Control, and Financial Engineering teams.
• Work closely with stakeholders across Canada, particularly Product Control teams.
• Gather, analyze, and document business requirements; translate them into clear specifications for development teams.
• Develop detailed documentation, including business requirements, workflows, and process diagrams.
• Perform gap analysis between current and target states and propose scalable solutions aligned with business and regulatory needs.
• Leverage domain expertise in equity and fixed income products to support project success.
• Operate within an Agile environment, participating in ceremonies such as sprint planning and stand-ups.
• Support production issue analysis and resolution.
• Utilize RiskWatch as the pricing engine.

Must Have Skills

• 10+ years of experience as a Business Analyst, including experience with documentation, ability to create workflow diagrams, business requirements.
• 5+ years’ experience in capturing business requirements for building a Derivate Products Trading Application covering Trade Capture, Integration with Pricing Models.
• 5+ years’ experience with market data used to price derivative instruments.
• 5+ years’ experience with Trade Life Cycle for derivative products events such as Amend, Unwind, Rate Reset or Fixing Process and Realized Cashflows.
• 2+ years’ experience with risk watch pricing engine.
• Familiar with end-to-end trade workflows among the Front, Middle and Back Offices systems.

Nice-To-Have Skills

• Advanced Knowledge of derivative financial instruments related to Equity Options, Interest Rate Swap, Cap/Floor, Inflation asset swaps.
• Unix Scripting.
• Python Scripting.
• PL/SQL.
• Automated testing experience.

Soft Skills Required

• Able to document and clearly communicate with stakeholders.

Education

CFA/FRM an asset.

FP Inc. is committed to creating an inclusive environment where all team members and clients feel like they belong. In accordance with the requirements set out in the Employment Standards Act, FP Inc. hereby declares that AI is utilized in the screening process for this position. The hourly compensation range for this role is $80/hr – $100/hr. We seek applicants with a wide range of abilities, and we provide an accessible candidate experience. We advocate for you and welcome anyone regardless of race, colour, religion, national origin, sex, physical or mental disability, or age.