Professional - Business Analyst - Senior

Ian Martin Group; Toronto; Hybrid; CAD 93,000 - 107,000; Full time

Job summary

Raise is hiring a Professional - Business Analyst - Senior for a client in Toronto. This role focuses on building and enhancing platforms for OTC derivatives, supporting trade capture, lifecycle management, and end-to-end processing across asset classes.

You'll gather and document requirements, draft BRDs/FRDs or user stories, collaborate with product, architecture, and development teams, and contribute to data analysis, API specs, testing, and release readiness in a hybrid Toronto environment.

Qualifications

• Experience in Capital Markets and with OTC derivatives
• Ability to translate business requirements into technical requirements
• Strong SQL and Excel skills
• Data mapping and transformation validation experience
• UAT planning, test scenarios, and acceptance criteria
• Production issue analysis and impact assessment

Responsibilities

• Drive initiatives for OTC derivatives platforms across asset classes
• Gather, analyze and document business and functional requirements
• Create BRDs/FRDs or user stories with traceability
• Collaborate with product owners, architects and developers
• Perform data analysis and support API specifications
• Support testing, release readiness and post-implementation validation
• Communicate with Trading, Risk, Operations, Compliance and QA teams

Skills

SQL

Excel

Data mapping

Requirements gathering

UAT support

Stakeholder communication

Capital markets knowledge

Analytical thinking

Tools

Murex

Calypso

Power BI

Jira

Confluence

REST APIs

Job description

Professional - Business Analyst - Senior

• Location: Toronto, ON - Hybrid (1day onsite)
• Pay Rate: $67.41/hr - $77.92/hr
• Contract Length: 6 Months with possibility for extension

We at Raise are hiring a Professional - Business Analyst - Senior for one of our top clients. After establishing themselves as an industry leader, they’re now expanding their team to meet rising demand.

Responsibilities:

• Product and Trade Lifecycle: Drive initiatives to build and enhance platforms for OTC derivatives, supporting trade capture, lifecycle management, and end-to-end processing across multiple asset classes.
• Requirements and Analysis: Gather, analyze, and document business and functional requirements, create data mappings, interface specifications, and acceptance criteria. Author high-quality BRDs/FRDs or user stories and ensure traceability from requirements through delivery.
• Solution Design Support: Collaborate with product owners, architects, and developers to evaluate solution options, validate technical feasibility, and refine non-functional requirements such as data quality, performance, and operational resilience.
• Data and APIs: Perform data analysis using SQL, contribute to API specifications (REST/JSON), and support integration efforts with internal and external platforms.
• Testing and Delivery: Support UAT planning and execution, troubleshoot defects and production issues, and facilitate release readiness and post-implementation validation with robust testing and operational controls.
• Collaboration and Communication: Build strong partnerships with Trading, Risk, Operations, Compliance, and QA teams. Effectively communicate complex concepts to diverse stakeholders, ensuring alignment on scope, priorities, and timelines.

Must-Have Requirements

• 4-5 years as a Business Systems Analyst in Capital Markets
• Experience with OTC derivatives and trade lifecycle.
• Basic coding knowledge, with the ability to read and understand code, even with AI assistance
• Ability to work effectively with both business stakeholders and developers in a large team environment.
• Understand FX, IR, and EQ options and swaps, including their definitions, valuation, and lifecycle events.
• Ability to translate business requirements into clear technical requirements, with a basic understanding of data workflows and coding.
• Strong SQL and Excel skills
• Data mapping and transformation validation experience
• Requirements gathering (User Stories, BRDs, FRDs)
• UAT support, test scenarios, and acceptance criteria
• Production issue analysis and impact assessment
• Strong stakeholder communication and collaboration
• Financial institutional experience and capital markets

Nice-to-Have Requirements

• FpML, FIX, REST APIs, and JSON knowledge
• Python for data analysis
• Experience with Murex or Calypso
• Power BI, Tableau, or similar visualization tools
• Agile (Scrum/Kanban), Jira, and Confluence
• Regulatory reporting knowledge (Dodd-Frank, EMIR, MiFID II, UMR, DTCC)

Looking for meaningful work? We can help!

Raise is an established hiring firm with over 65 years of experience. We believe strongly in making the world a better place through work, which is why we’re a certified B Corporation and donate 10% of our profits to charity.

We strive to build teams that reflect the diversity of the communities we work in. We encourage all qualified applicants to apply, including people from traditionally underrepresented groups such as women, visible minorities, Indigenous peoples, people identifying as LGBTQ2SI, veterans, and people with visible/nonvisible disabilities.

We have a dedicated webpage for accommodations where you can learn more about what we offer and request accommodation: https://raise.jobs/accommodations/

In order to submit candidates for roles, our clients will sometimes require personal information to confirm the identity of applicants and their legal status to work. Raise will never ask you for personal or banking information unless you have been selected for a job. If you are ever unsure about the legitimacy of this or another job posting by Raise (or have any other questions), please contact us at [phone] or [e-mail]

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