Business Systems Analyst

Kumaran; Toronto; On-site; CAD 90,000 - 120,000; Full time

Job summary

Kumaran Systems in Toronto, Canada, is seeking a Senior Business Systems Analyst to lead complex analysis for the Credit Risk and ECL rewrite program. You will drive requirements, process and data analysis, stakeholder alignment, and delivery support for target-state capabilities across risk, finance, data, and technology teams.

Responsibilities include leading workshops, eliciting and documenting requirements, managing scope, supporting design reviews, testing, and governance materials.

Responsibilities

• Lead requirements workshops and stakeholder discussions across Risk, Finance, Technology, Data, and Regulatory Reporting
• Elicit, analyse, document, and validate business, functional, non-functional, data, control, and reporting requirements
• Own complex requirement streams related to: staging methodology
• PD, LGD, and EAD requirements
• scenario-based forecasting and overlays
• provisioning, impairment reporting, controls, and reconciliation
• Define and document current-state and target-state processes, business rules, and data requirements
• Lead traceability, impact assessment, solution clarification, and scope management.
• Support design reviews, testing strategy, UAT, implementation readiness, and defect resolution
• Prepare materials for governance forums and proactively
• Strong experience in banking transformation, Credit Risk, IFRS 9, provisioning, or impairment initiatives
• Demonstrated experience delivering on system rewrite, modernization, or large transformation programs
• Strong understanding of end-to-end requirements lifecycle and SDLC delivery

Job description

Kumaran Systems: Engineering Future-Ready Transformations Since 1992, Kumaran Systems has been helping enterprises bridge the past and the future, reimagining legacy systems and embracing AI-led possibilities. With over 34 years of delivery excellence, we specialise in re-engineering core applications, driving cloud transformation, and building automation-first, GenAI-enabled ecosystems across the Banking and Financial Services, Insurance, Telecom, and Automotive sectors. We help organisations not just upgrade their systems but reimagine what’s possible.

Why Kumaran?

We blend engineering discipline with AI innovation, helping clients modernise with confidence, automate with clarity, and scale with purpose. Our global delivery model ensures agility, responsiveness, and seamless collaboration, with clients always at the heart of every engagement. At Kumaran, we don’t just solve problems, we engineer future-ready transformations.

Job Description

Position Summary

The Senior Business Systems Analyst leads complex analysis activities for the Credit Risk and ECL rewrite program and acts as a key liaison between business, risk, finance, data, and technology teams. The role is responsible for driving requirements definition, process and data analysis, stakeholder alignment, and delivery support for strategic target-state capabilities.

Key Responsibilities

Lead requirements workshops and stakeholder discussions across Risk, Finance, Technology, Data, and Regulatory Reporting.

Elicit, analyse, document, and validate business, functional, non-functional, data, control, and reporting requirements

Own complex requirement streams related to:

staging methodology

PD, LGD, and EAD requirements

scenario-based forecasting and overlays

provisioning, impairment reporting, controls, and reconciliation

Define and document current-state and target-state processes, business rules, and data requirements

Lead traceability, impact assessment, solution clarification, and scope management.

Support design reviews, testing strategy, UAT, implementation readiness, and defect resolution

Prepare materials for governance forums and proactively

Strong experience in banking transformation, Credit Risk, ECL, IFRS 9, provisioning, or impairment initiatives

Demonstrated experience delivering on system rewrite, modernization, or large transformation programs

Strong understanding of end-to-end requirements lifecycle and SDLC delivery

Kumaran Systems is an Equal Opportunity Employer and does not discriminate on the basis of race or ethnicity, religion, sex, national origin, age, veteran disability or genetic information or any other reason prohibited by law in employment.