Business Systems Analyst

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

Job summary

TMX Group is seeking a Business Systems Analyst (Data & Analytics) to bridge business needs and technical delivery within Global Technology Services. You will translate complex requirements into scalable data and analytics solutions, collaborating with developers and vendors to ensure data integrity and successful implementations.

The role emphasizes strategic advisory, process optimization, and delivering well‑defined BRDs into actionable technical specs, with a strong emphasis on capital

Qualifications

• University degree in Computer Science, Engineering, or Business Management.
• Deep experience in Capital Markets, with a focus on Fixed Income workflows.
• Proficiency in SQL and Python; experience with Snowflake, AWS, Spark.

Responsibilities

• Lead requirement discovery, validation, and documentation of both functional and non‑functional needs.
• Serve as SME on TMX business activities, advising on how systems serve internal/external partners.
• Analyze workflows to identify bottlenecks and apply industry best practices to streamline operations.
• Translate BRDs into robust technical specifications with developers/architects.
• Oversee data onboarding/integration with third‑party vendors and ensure data integrity.
• Design test cases and coordinate UAT and end‑user training for go‑live transitions.
• Support project managers with scoping, timelines, and risk management.

Skills

SQL

Python

Data environments

Snowflake

AWS

Spark

Communication

Analytical rigor

Drive

Education

University degree in Computer Science, Engineering, or Business Management

Tools

Jira

Confluence

Lucidchart

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.

The 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.

The recruiting efforts for this role are intended to fill a vacant position.

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.

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.