Senior Capital Markets Business Analyst with Strong FX experience to support one of our major b[...]

S I Systems; Toronto; On-site; CAD 90,000 - 130,000; Full time

Job summary

A leading bank is seeking a Senior Capital Markets Business Analyst with strong FX experience to support ongoing projects related to ISO 20022 messaging standards. This role focuses on improving payment systems and requires a minimum of 5 years of relevant experience. The ideal candidate will collaborate with business and technology teams, document system requirements, and ensure compliance with payment regulations.

Qualifications

• 5+ years as a Business Systems Analyst in Capital Markets.
• Strong knowledge of ISO 20022 and FX products.
• Experience with international payment systems like SWIFT.

Responsibilities

• Collaborate with teams to document requirements for payment systems.
• Conduct gap analysis against industry standards.
• Drive testing efforts and ensure adherence to compliance.

Skills

ISO 20022 messaging standards

FX Operations

Payments modernization

Risk assessment

Education

Bachelor's degree or equivalent experience

Tools

Microsoft Office Suite

Visio

Sharepoint

PowerBI

JIRA

Confluence

Job description

Senior Capital Markets Business Analyst with Strong FX experience to support one of our major banking clients- 37770

Senior Capital Markets Business Analyst with Strong FX experience to support one of our major banking clients- 37770

Contract Duration: ASAP until Oct 31, 2025

Story Behind the Need: Additional support needed with an ongoing project.

Business Group: The GWO - Settlements & Clearing - Derivative Settlements team has a number of ongoing projects at the bank regarding process update and implementation. This role would be to assist with the changes required on ISO 20022 messaging standards.

Accountabilities:

• Champion a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Supervise day-to-day operational activities, including verification of daily settlements, cash control functions, investigation of settlement issues, and involvement with related projects.
• Effectively support, communicate with, and maintain excellent working relations with front office, clients, technology, and other stakeholders to ensure accurate and timely processes.
• Provide accurate and informative analysis to management.
• Act as the first point of contact for client escalations.
• Consistently seek opportunities for process improvements to maximize efficiencies.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursue effective and efficient operations while ensuring adherence to business controls to meet obligations related to operational risk, regulatory compliance risk, AML/ATF risk, and conduct risks

Key Responsibilities:

• Collaborate with business and technology teams to analyze and document requirements for multiple payment systems, ensuring stakeholder alignment and senior management buy in.

• Conduct gap analysis of current payment systems against project objectives and industry standards (e.g., ISO 20022).

• Develop detailed business and technical requirement documents, use cases, and process flows using an array of tools including but not limited to VISIO, MS Office Suite, Sharepoint & PowerBI as required

• Work closely with project managers, developers, and QA teams to ensure successful implementation of solutions.

• Act as a liaison between stakeholders to gather feedback, resolve issues, and align priorities.

• Ensure compliance with international payment regulations and industry best practices.

• Own and drive testing efforts by defining test cases, validating outcomes, and facilitating user acceptance testing (UAT) through coordination with BAU teams and ensure effective collaboration.

• Create and maintain project artifacts, including user stories, functional specifications, and workflow diagrams.

Required Qualifications:

• 5+ years of experience as a Business Systems Analyst in Capital Markets, with a focus on payments and/or money transfer projects.

• Strong working knowledge of ISO 20022 messaging standards and its implications for payment systems.

• Proficiency with applications used by the FX Operations team (e.g., Wallstreet, FXALL, MISYS, GTSS, Bloomberg) with an understanding of FX products supported (e.g., Cash trades, SPOT trades, FX Forwards, Swaps) as well as Derivatives products(e.g. Cross Currency Swap, Single Currency Swap, Credit Default Swap, Inflation Swap, Total Return Swap, Forward Rate Agreement, Forex, FX Options, FX Commodity Options, Equity Options, Loans, Deposits, Swaption, Single Currency Extend, Single Currency Call, Cap, Floor, FX Strip).

• Experience with cross-border and international payment systems, including SWIFT and other payment networks.

• Proficiency in creating detailed documentation, including functional specifications, process flows, and use cases.

Nice to Have:

• Experience with payment infrastructure modernization projects within Canada or other major markets.

• Knowledge of compliance and risk considerations for cross-border payments (e.g., anti-money laundering, KYC).

• Hands-on experience with tools such as JIRA, Confluence, Visio, or equivalent.

• Familiarity with Agile and Waterfall methodologies.

Interview:

• 1 step video call with HM 60 min

Best vs Average

- The best candidate would have experience with FX Operation, and a strong understanding of payments modernization initiatives, including real-time payments, digital payment ecosystems, and related technologies. The ideal candidate has proven Project Delivery experience.

Interview: 2 Rounds - Video Interviews

- Candidates should be prepared to speak to their experience, and come to the interview in presentable attire with an appropriate background.

Screening Questions:

1. What’s your experience with the FX trade lifecycle?

2. Describe the settlement process as it relates to trade booking, trade information

3. Are there any systems you’ve used to support the FX trade lifecycle in the past and payment support for settlements

4. How have you supported projects for Derivatives and FX group in the past?