Business Analyst(Market Risk)

Synechron; Mississauga; Hybrid; CAD 105,000 - 115,000; Full time

Job summary

A global consulting firm is seeking a Market Risk Business Analyst to join its risk IT team in Mississauga. This role involves analyzing market risk metrics and collaborating with IT teams to deliver risk solutions. The ideal candidate will have a bachelor's degree in Finance or Economics and 1-5 years of experience in market risk. The position offers competitive compensation and a flexible hybrid work environment.

Benefits

15 days of paid annual leave

Comprehensive insurance plan

Flexible hybrid policy

On-demand courses

Qualifications

• 1 to 5 years of experience in market risk or IT business analysis.
• Proven experience in working with various risk systems.
• Strong understanding of derivatives and financial instruments.

Responsibilities

• Analyze market risk metrics and validate system outputs.
• Gather and document business requirements for enhancements.
• Collaborate with IT teams for system upgrades.

Skills

Analytical skills

Communication skills

Problem-solving skills

Education

Bachelor’s degree in Finance or Economics

FRM or CFA certification

Tools

Risk modeling software

Stress testing tools

Job description

This range is provided by Synechron. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

CA$105,000.00 / yr - CA$115,000.00 / yr

Direct message the job poster from Synechron

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We are

At Synechron, we believe in the power of digital to transform businesses for the better. Our global consulting firm combines creativity and innovative technology to deliver industry-leading digital solutions. Synechron’s progressive technologies and optimization strategies span end-to-end Artificial Intelligence, Consulting, Digital, Cloud & DevOps, Data, and Software Engineering, servicing an array of noteworthy financial services and technology firms. Through research and development initiatives in our FinLabs we develop solutions for modernization, from Artificial Intelligence and Blockchain to Data Science models, Digital Underwriting, mobile-first applications and more. Over the last 20+ years, our company has been honored with multiple employer awards, recognizing our commitment to our talented teams. With top clients to boast about, Synechron has a global workforce of 14,500+, and has 58 offices in 21 countries within key global markets.

Position Overview :

We are seeking a detail-oriented and experienced Market Risk Business Analyst to join our risk IT team. This role is critical in bridging the gap between market risk teams and IT risk development teams, ensuring effective delivery of risk solutions that align with regulatory requirements and business objectives. The ideal candidate will possess vast financial product knowledge in derivatives, strong analytical skills, market risk expertise, and the ability to contribute to complex projects in a fast-paced environment.

Responsibilities

• Work closely with market risk teams to understand and analyze market risk metrics, including VaR, stress testing, sensitivity analysis, time series and other risk measures.
• Collaborate with stakeholders to gather, document, and validate business requirements for risk system enhancements and new product implementations.
• Translate business needs into detailed functional specifications for IT and development teams.
• Partner with IT teams to design, test, and implement market risk solutions, including system upgrades and new tools.
• Validate system outputs, ensuring alignment with business expectations and regulatory requirements.
• Propose additional system process controls and data quality controls to keep improving the system resiliency and data integrity.
• Serve as a key liaison between risk management, IT, PM and FO teams to ensure alignment and effective communication.

Qualifications

Education :

Bachelor’s degree in Finance, Economics

Advanced certifications such as FRM (Financial Risk Manager), CFA (Chartered Financial Analyst), or PRM (Professional Risk Manager) are desirable.

Experience :

1 to 5 years of experience in market risk, IT business analysis, model validation or a related field within the corporate & investment banking industry.

Proven experience in working with various risk systems.

Technical Expertise :

Strong understanding of financial instruments, including derivatives in fixed income, currencies, equities, and exotic products.

Proficiency in risk modeling, stress testing, and scenario analysis techniques.

Skills :

Exceptional analytical and problem-solving skills with attention to details.

Strong communication and interpersonal skills to effectively collaborate with stakeholders at all levels : risk users, PM / scrum master, IT risk developers

Team player who promotes knowledge sharing with team members in various forms such as the confluence pages, training sessions, etc.

Demonstrated self-organizing capabilities, including multitasking and prioritization in complex environments.

We offer :

A multinational organization with 58 offices in 21 countries and the possibility to work abroad.

15 days (3 weeks) of paid annual leave plus an additional 10 days of personal leave (floating days and sick days).

A comprehensive insurance plan including medical, dental, vision, life insurance, and long-term disability.

Flexible hybrid policy.

RRSP with employer’s contribution.

A higher education certification policy.

On-demand Udemy for Business for all Synechron employees with free access to more than 5000 curated courses.

Coaching opportunities with experienced colleagues from our Financial Innovation Labs (FinLabs) and Center of Excellences (CoE) groups.

Cutting edge projects at the world’s leading tier-one banks, financial institutions and insurance firms.

A truly diverse, fun-loving and global work culture.

SYNECHRON’S DIVERSITY & INCLUSION STATEMENT

Diversity & Inclusion are fundamental to our culture, and Synechron is proud to be an equal opportunity workplace and is an affirmative action employer. Our Diversity, Equity, and Inclusion (DEI) initiative ‘Same Difference’ is committed to fostering an inclusive culture – promoting equality, diversity and an environment that is respectful to all. We strongly believe that a diverse workforce helps build stronger, successful businesses as a global company. We encourage applicants from across diverse backgrounds, race, ethnicities, religion, age, marital status, gender, sexual orientations, or disabilities to apply. We empower our global workforce by offering flexible workplace arrangements, mentoring, internal mobility, learning and development programs, and more.

All employment decisions at Synechron are based on business needs, job requirements and individual qualifications, without regard to the applicant’s gender, gender identity, sexual orientation, race, ethnicity, disabled or veteran status, or any other characteristic protected by law.

Seniority level

Seniority level

Associate

Employment type

Employment type

Full-time

Job function

Job function

Information Technology

Industries

Financial Services and Investment Banking

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