Senior Business Analyst - Broker Dealer

Nasdaq Corporate Solutions; Toronto; Hybrid; CAD 90,000 - 130,000; Full time

Job summary

Nasdaq in Toronto seeks a Senior Specialist Business Analyst in Product Management for Broker Dealer. You will translate regulatory requirements into clear functional specifications, shape product improvements, and support clients with domain expertise in a fast-paced environment.

This hybrid role requires collaboration with cross-functional teams, strong analytical skills, and prior RegTech or financial services experience. Knowledge of broker-dealer reporting is essential.

Qualifications

• Bachelor's/Master's degree in Finance or a related field, or equivalent practical experience.
• MBA or CFA preferred.
• Experience in RegTech or financial services technology.
• Strong broker-dealer regulatory reporting knowledge.
• Excellent analytical and problem-solving abilities; clear communication in collaborative environments.

Responsibilities

• Analyze global broker-dealer regulatory changes and translate into structured functional requirements.
• Create high-quality functional specs, including data models, field definitions, reporting logic, validations and exception handling.
• Collaborate with Development and QA to ensure accurate implementation and support test scenarios.
• Identify gaps and edge cases in regulations and propose practical solutions.
• Act as a SME in regulatory reporting and support client queries with solution-oriented approach.

Education

Bachelor's/Master's degree in Finance or related field

MBA

CFA

Job description

Senior Business Analyst , Product Management for Broker Dealer

As a Senior Specialist Business Analyst reporting to Product Manager (Broker Dealer), you'll play a critical role in translating complex regulatory requirements into clear functional specifications, shaping product improvements, and supporting clients with domain expertise. The role requires strong analytical depth, hands‑on involvement, and the ability to work closely with cross‑functional teams. You'll thrive in this position if you're collaborative, data-driven and able to visualise the big picture, have a global attitude, and bring a passion for Capital and functional know how of technology to a fast-paced, high-impact environment.

Key Responsibilities

• Analyze global broker-dealer regulatory changes, interpret regulatory texts, and translate them into structured functional requirements.
• Create high-quality functional specifications, including data models, field-level definitions, reporting logic, validations, and exception handling.
• Collaborate closely with Development and QA teams to ensure accurate implementation and support QA in defining test scenarios and validating delivered functionality.
• Identify gaps, ambiguities, and edge cases in regulations, proposing clear and practical solutions.
• Act as a subject matter expert in regulatory reporting, participate in backlog/sprint activities, and support client queries and issue resolution with a structured, solution‑oriented approach.

Required Qualifications

• Bachelor's/Master's degree in Finance or a related field, or equivalent practical experience.
• Previous experience in a RegTech environment or financial services technology.
• Strong understanding of broker-dealer regulatory reporting frameworks.
• Excellent analytical and problem-solving skills with the ability to break down complex regulatory concepts into structured logic.
• Clear and effective communicator with experience working in collaborative, matrixed teams.

Preferred Qualifications

• Advanced degree or professional certification (e.g., MBA, CFA).
• Experience in capital markets, FinTech, or other highly regulated industries.
• Comfortable collaborating with global teams and navigating cross-border cultural nuances.

This position will be located in Toronto and offers the opportunity for a hybrid work environment at least 3 days a week in-office, subject to change, providing flexibility and accessibility for qualified candidates.

Come as You Are

Nasdaq is an equal opportunity employer. We welcome applications from candidates of all backgrounds and identities.

We are committed to fostering an inclusive workplace where diverse perspectives, experiences, and identities are valued and celebrated.

We ensure that individuals with disabilities are provided with reasonable accommodation throughout the hiring process.

What We Offer

• We're proud to offer a competitive rewards package that is meaningful, recognizes the unique needs of our employees and their families and incentivizes employees for their contribution to Nasdaq's overall success.