Business Analyst – Market Risk

Open Systems Technologies; Mississauga; On-site; CAD 85,000 - 120,000; Full time

Job summary

A leading company in the financial services sector is seeking an experienced Market Risk Business Analyst in Mississauga. This key role involves bridging markets risk teams with IT, ensuring effective delivery of risk solutions, and requires strong analytical abilities, extensive knowledge of financial products, and collaborative skills. Candidates should possess an educational background in finance or economics, along with relevant certifications and at least 8 years of experience in market risk analysis.

Qualifications

• 8+ years of experience in market risk or IT business analysis.
• Proven experience in working with various risk systems.
• Strong understanding of financial instruments, including derivatives.

Responsibilities

• Analyze market risk metrics and collaborate with stakeholders.
• Translate business needs into functional specifications.
• Partner with IT teams for design and implementation of market risk solutions.

Skills

Analytical skills

Problem-solving

Communication

Interpersonal skills

Team collaboration

Education

Bachelor’s degree in Finance

Bachelor’s degree in Economics

FRM (Financial Risk Manager)

CFA (Chartered Financial Analyst)

PRM (Professional Risk Manager)

Job description

Job Title: Business Analyst – Market Risk

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.

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:

- 8+ 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.

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Contract

Job function

• Job function

  Information Technology

• Industries

  Banking, Financial Services, and Capital Markets

Referrals increase your chances of interviewing at Open Systems Technologies by 2x

Get notified about new Business Analyst jobs in Mississauga, Ontario, Canada.

Business Analyst (New or Recent Graduate)

Business Analyst (Intermediate) 8366-1612

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.