Senior Business Analyst – (Regulations)

IFG International Financial Group Ltd; Toronto; Hybrid; Full time

Job summary

A leading financial services firm is seeking a Senior Business Analyst specialized in regulations for a 6-month contract with potential for extension or conversion to permanent. The position involves working on EU regulations, stakeholder communication, and development of risk methodologies in a hybrid work environment.

Qualifications

• 10+ years experience as Business Analyst in the financial industry.
• 5+ years interpreting regulatory requirements.
• 5+ years conducting gap analysis vs regulatory requirements.

Responsibilities

• Work with central project team to create high level roadmap.
• Investigate data sources for quantitative requirements.
• Research GAR and BTAR calculation and develop methodology.

Skills

Ability to analyze complex situations

Good time management

Excellent organizational skills

Verbal communication skills

Analytical skills

Teamwork

Education

Business related degrees

Job description

Pay Rate: $83

Job Type: Contract

Pay Rate: $83 Location: Toronto ON Job Type: Contract Our client, a top banking client in Canada is looking to hireSenior Business Analyst - (Regulations) for their team with a contract for6 Monthswith potential extension or possible conversion to Permanent. Hybrid - 2 day in office (Mondays and Wednesdays)
in Downtown Toronto

Project: Work with central project team to create high level roadmap, interpretation of specific EU regulations and development of risk methodologies.

Daily responsibilities:

• Work with central project team to create high level roadmap and potential stakeholders.
• Summarize risk-owned disclosure requirements and communicate/raise awareness stakeholders (coordinate with Project team)
• Understand all the quantitative reporting requirements and facilitate agreement on interpretations (e.g., do we understand what is being asked). Present interpretations to EU Project Team for concurrence/approval
• Investigate data sources for quantitative requirements in templates 1-10 (quantitative requirements). Identify potential sources for any data gaps (include lack of reliable sources of data)
• Deep dive into requirements of EU Taxonomy (relates to GAR disclosure requirements)
• Determine what EU Paris-aligned Benchmarks in accordance with Article 12(1) points (d) to (g) and Article 12(2) of Regulation (EU) 2020/1818 are
• Mapping of bank internal sector classification (BR codes, SIC, NAICS) to EU reporting sectors (e.g., NACE)
• Work with CIDA on mapping emissions to EU reporting sectors based on above
• Research GAR (Green Asset Ratio) calculation and develop methodology
• Research BTAR (Banking book Taxonomy Alignment Ratio) calculation and develop methodology

CSRD: Corporate Sustainability Reporting Directive:

• Work with central project team on to create high level roadmap and potential stakeholders.
• Summarize disclosure requirements and communicate/raise awareness stakeholders (coordinate with Project team)
• Understand risk-owned the quantitative reporting requirements and facilitate agreement on interpretations (e.g., do we understand what is being asked). Present interpretations to EU Project Team for concurrence/approval
• Determine what CSRD components are extraterritorial requirements and for which BNS would be in scope.
• Research EU taxonomy definitions for climate adaptation actions and climate mitigation actions
• Investigate data sources for quantitative requirements in templates 1-10. Identify potential sources for any data gaps (include lack of reliable sources of data)
• Mapping of bank internal sector classification used in financial statements to EU reporting sectors (e.g., NACE)
• Investigate EU sector level physical and transition risk ratings to be able to compare with BNS heatmap

Must have:

• 10+ years of experience working as Business analyst in the financial industry
• 5+ years of experience interpretating regulatory requirements
• 5+ years of experience conducting gap analysis vs regulatory requirements
• 5+ years of working knowledge of banking book (i..e, lending) products

Nice to have:

• Experience in risk management, specifically credit risk would be an asset
• Familiarity ESG/Climate regulation specifically with EU regulation and EU green taxonomy

Soft skill:

• Ability to analyze complex situations and problems and do the necessary research using multiple sources of information to arrive at innovative solutions
• Ability to work as part of a team, as well as work independently or with minimal direction
• Good time management and organizational skills to effectively manage high-scale project
• Integrity, high attention to detail, thoroughness and accuracy are critical to ensure quality outputs.
• Solid organizational and time management skills to manage competing activities within short time frames.
• The incumbent requires self-initiative, resourcefulness and strong organizational ability to manage a diverse range of projects.
• Master of identifying and solving ambiguous problems to drive customer and business value
• Excellent organizational and analytical skills with strong attention to detail
• Great verbal and written communication skills, with the ability to engage and influence stakeholders at different levels in the organizations
• Ability to build trusted relationships, instill confidence and influence stakeholders

Education and Certifications:

• Business related degrees
• Sustainability related qualification is considered an asset

If you are interested in hearing more about this role, please send your updated resume in MS Word format to [e-mail] and mention the " Senior Business Analyst - (Regulations)" in the subject line.
Other roles can be viewed at www.ifg-global.com