Business Systems Analyst

TMX Group; Toronto; On-site; CAD 70,000 - 80,000; Full time

Benefits offered by this job

Hybrid work model

Generous time off

Job summary

TMX Group in Toronto is seeking a Business Systems Analyst (Data & Analytics) to bridge business needs and technical execution within Global Technology Services. You translate complex requirements into actionable specifications and help drive data initiatives across the firm.

Lead discovery, document BRDs, and collaborate with developers to implement robust data solutions using Snowflake, AWS, SQL, and Python, ensuring smooth UAT and go-live transitions.

Qualifications

• University degree in Computer Science, Engineering or Business Management.
• Deep Capital Markets experience, Fixed Income workflows.
• Proficiency in SQL and Python with modern data environments (Snowflake, AWS, Spark).
• Ability to translate complex technical concepts for non-technical stakeholders.

Responsibilities

• Lead discovery and documentation of requirements, aligning goals with feasibility.
• Serve as SME on TMX business activities and system capabilities.
• Optimize processes and translate BRDs into technical specs.
• Oversee data onboarding and integration of third-party vendors.
• Design test cases and coordinate UAT and end-user training.

Skills

Communication skills

Analytical mindset

Multi-tasking

Translating requirements

Education

University degree in Computer Science, Engineering, or Business Management

Tools

SQL

Python

Snowflake

AWS

Spark

Job description

Venture outside the ordinary - TMX Careers The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets. United as a global team, we’re connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress. Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we're powering some of the nation's most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team. Ready to be part of the action?

The Department: Global Technology Services (GTS) At TMX, we are more than an exchange; we are a technology-driven solutions provider. Global Technology Services (GTS) is the engine behind this vision. We manage the firm’s information technology, integrated operations, and data analytics, ensuring that our infrastructure is as innovative as the markets we serve.

The Role: Business Systems Analyst (Data & Analytics)

As a Business Systems Analyst, you will act as the critical bridge between business ambition and technical execution. Reporting to the Senior Manager, Data & Analytics, you won’t just document requirements—you will act as a strategic advisor. You will translate complex business needs into high-performance system functionalities, ensuring that every change request and development project aligns with TMX’s long-term organizational goals.

Key Accountabilities

Requirements Architecture: Lead the discovery, validation, and documentation of functional and non-functional requirements. You will facilitate high-impact stakeholder sessions to align project goals with technical feasibility.

Strategic Advisory: Serve as the Subject Matter Expert (SME) on TMX business activities, providing a consultative approach to how systems can better serve our internal and external partners.

Process Optimization: Beyond documentation, you will analyze existing workflows to identify bottlenecks, applying industry best practices to streamline operations.

Technical Translation: Work hand-in-hand with software developers and architects to transform Business Requirement Documents (BRDs) into robust technical specifications.

Data & Vendor Integration: Oversee the technical onboarding and integration of third-party vendors, ensuring data integrity and long-term partnership success.

Quality Assurance & Delivery: Design comprehensive test cases and coordinate User Acceptance Testing (UAT) and end-user training to ensure seamless "go-live" transitions.

Project Stewardship: Support Project Managers in defining scope, estimating timelines, and navigating risks. You will keep stakeholders informed through every phase of the project lifecycle.

Skills & Experience

The Must-Haves:
Education: University degree in Computer Science, Engineering, or Business Management.
Domain Expertise: Deep experience in Capital Markets, with a specific focus on Fixed Income products and workflows.
Technical Stack: Proficiency in SQL and Python. Hands-on experience with modern data environments including Snowflake, AWS, and Spark.
Communication: The ability to translate "geek" to "Greek"—conveying complex technical concepts to non-technical stakeholders with clarity and poise.
Analytical Rigor: A meticulous eye for detail and the ability to deconstruct complex business problems into actionable, phased project steps.
Drive: You are a self-starter who thrives in a multi-tasking environment and takes full ownership of projects from inception to completion.

Nice-to-Haves

Industry Credentials: Progression toward or completion of CFA, CSC, CPH, or TTC certifications.

Advanced Analytics: Experience working with Big Data technologies and Machine Learning (ML) models.

Tooling: Familiarity with Jira, Confluence, and Lucidchart for workflow modeling and project tracking.

Salary Range: 70,000/year -80,000/year CAD

Please note that the salary range included is a guideline only. The salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

In the market for… Excitement - Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets! Experience the movement of the market while grounded in the stability of close to 200 years of success. Connection - With site hubs in some of the world’s most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work. Impact - More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth. As well, our employee-led Team Impact spreads social good via our giving strategy. Wellness - From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger “we”. Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived! Growth - From a growth mindset in our work, to expansion in our business, TMX is home to action-takers energized by the achievement of ambitious growth.

Ready to enrich your career with impactful work, leaders who truly care, and the flexibility and programs to help you thrive as part of #TeamTMX?

Please note that our company is not currently sponsoring work permit applications and the applicant must be authorized to work in the country where this position is located. TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate. We provide accommodations for applicants and employees who require it.

Notre culture:

Les sociétés membres du Groupe TMX comprennent de grandes bourses mondiales comme la Bourse de Toronto et la Bourse de Montréal, ainsi qu’un bon nombre d’organisations innovantes qui améliorent les marchés financiers. Regroupés au sein d’une même équipe, nous nouons des liens interfonctionnels et enjambons les barrières sectorielles et géographiques, désireux de concrétiser des occasions, de contribuer au progrès et de participer à la croissance économique mondiale. Le fourmillement d’idées, la franche collaboration et le modèle d’exploitation agile nous permettent de propulser des systèmes nationaux essentiels, d’alimenter la formation de capital et l’innovation, ainsi que d’offrir une foule de possibilités aux entrepreneurs visionnaires, des produits innovants aux consommateurs et une riche carrière à notre personnel. Ferez-vous le saut? Nos activités: Le Groupe TMX exploite des marchés mondiaux. Il met au point des solutions d'analyse et bâtit des communautés numériques appuyant le financement, la croissance et la réussite des entreprises, des négociateurs et des investisseurs. Les principales activités du Groupe TMX comprennent la Bourse de Toronto, la Bourse de croissance TSX, la Bourse Alpha TSX, la Caisse canadienne de dépôt de valeurs, la Bourse de Montréal, la Corporation canadienne de compensation de produits dérivés, Trayport et VettaFi, qui offrent des marchés d'inscription, des marchés de négociation, des mécanismes de compensation, des services de dépôt, des solutions technologiques, des produits d'information et d'autres services à la communauté financière mondiale. Le Groupe TMX a son siège social à Toronto et des bureaux dans l'ensemble de l’Amérique du Nord (Montréal, Calgary, Vancouver et New York), ainsi que dans des marchés internationaux clés, dont Londres, Singapour et Vienne. Pour en savoir plus sur le Groupe TMX, visitez le www.tmx.com. Suivez le Groupe TMX sur le réseau social X : @TMXGroup.