Business Systems Analyst, Derivatives Rates

Scotiabank; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading financial institution in Toronto is seeking a Business Analyst to enhance their derivatives trading platforms. You will work closely with product managers and developers, focusing on requirements gathering, testing, and project delivery. The ideal candidate has 2-4 years of experience in business analysis, preferably with exposure to Capital Markets. This role offers competitive rewards and a commitment to inclusivity.

Benefits

Competitive Rewards program

Flexible vacation

Tuition assistance

Community engagement opportunities

Qualifications

• 2–4 years of experience as a Business Analyst in a technology or application support team.
• Exposure to Capital Markets, Rates Trading, or OTC Derivatives is preferred.
• Strong communication and documentation skills.

Responsibilities

• Assist in gathering and documenting business requirements for enhancements.
• Support monthly sprint planning and coordinate deliverables.
• Create and maintain JIRA tickets and Confluence documentation.

Skills

Business analysis

Communication skills

Analytical mindset

Agile methodologies

Basic SQL

Excel (VBA)

Tools

JIRA

Confluence

Job description

Overview

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Requisition ID: 236314

Location: Canada : Ontario : Toronto

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The Team

Global Banking and Markets Engineering (GBME) is the fast-moving, award-winning technology engine that powers Scotiabank’s Corporate, Investment Banking, and Capital Markets businesses.

The Derivatives Rates team delivers functional and technical solutions to support core business lines globally, including Global Banking & Markets, Group Treasury, and Global Wholesale Operations. We are a collaborative, agile, and results-driven team focused on enhancing our modernized derivatives trading platform.

The Role

We are seeking a Business Analyst to contribute to the ongoing development and support of our derivatives trading platforms. This role will work closely with product managers, developers, and business stakeholders to gather requirements, support testing, and ensure successful delivery of system enhancements and project milestones.

Is this role right for you? In this role you will:

• Assist in gathering and documenting business requirements for enhancements and new features within the Trade Management stream.
• Support monthly sprint planning by coordinating with Front and Middle Office users to prioritize deliverables.
• Create and maintain JIRA tickets and Confluence documentation to track requirements, issues, and changes.
• Participate in testing activities including test case creation, execution, and validation of results against business expectations.
• Provide day-to-day support for production issues and assist in post-release validation and downstream system checks.
• Collaborate with senior team members to analyze and resolve moderately complex business problems.

Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:

• Supported the full OTC trading cycle from Front to Back Office under guidance from senior team members.
• Contributed to small-scale projects or specific workstreams within larger initiatives.
• Assisted in defining user procedures, workflows, and training materials for new system features.
• Responded to ad hoc business queries and support user training across global teams.
• Continuously developed knowledge of financial instruments, trading workflows, and regulatory requirements relevant to the derivatives space.

Qualifications & Skills

• 2–4 years of experience as a Business Analyst in a technology or application support team.
• Exposure to Capital Markets, Rates Trading, or OTC Derivatives is preferred.
• Familiarity with Agile methodologies and software development lifecycle.
• Experience with JIRA, Confluence, and test case design.
• Strong communication and documentation skills.
• Basic SQL and Excel (formulas/VBA); Unix/Python knowledge is an asset.
• Analytical mindset with a willingness to learn and grow in a fast-paced environment.

What's in it for you?

• Diversity, Equity, Inclusion & Allyship—we strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employee to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
• Upskilling through online courses, cross-functional development opportunities, and tuition assistance.
• Competitive Rewards program including bonus, flexible vacation, personal, sick days and benefits will start on day one.
• Community Engagement—no matter where you choose to work from; we offer opportunities for community engagement & belonging with our various programs.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.