Sr. Business Analyst - Banking & Credit Risk | Cognizant Consulting

Cognizant Technology Solutions; Canada; Hybrid; CAD 87,000 - 102,000; Full time

Job summary

A leading consulting firm is seeking a Senior Business Analyst to support their Banking & Financial Services team. This role emphasizes credit risk modeling, stakeholder engagement, and data-driven decision-making. Ideal candidates will have substantial experience in banking, strong SQL skills, and familiarity with Agile methodologies. The position offers a hybrid work setup in downtown Toronto, with competitive compensation and comprehensive benefits, promoting a supportive work-life balance.

Benefits

Medical, dental, vision and life insurance

RRSP plan and contributions

Employee stock purchase plan

Learning and development certifications and programs

Qualifications

• 8+ years of experience in business analysis within banking or financial services.
• Strong understanding of credit risk, lending, and regulatory frameworks (e.g., Basel IV).
• Familiarity with Agile, DevOps, and SCRUM methodologies.

Responsibilities

• Lead requirements gathering, stakeholder engagement, and solution design.
• Perform data gap analysis and contribute to data model refinement.
• Develop SQL queries for data validation and reporting.

Skills

Business analysis

Credit risk understanding

Advanced SQL skills

Data modelling

Agile methodologies

Communication skills

Stakeholder management

Tools

Power BI

ThoughtSpot

Job description

Sr. Business Analyst - Banking & Credit Risk | Cognizant Consulting

Location: Toronto, ON

Job Type: Full-Time | Consulting Track

Work Mode: Hybrid (4 days/week in downtown Toronto office)

ABOUT US

Cognizant is a global leader in professional services, helping clients modernize technology, reimagine processes, and transform experiences. Our Consulting practice delivers strategic and domain expertise through industry-aligned solutions, enabling clients to achieve operational excellence and business agility.

Cognizant Consulting is a high-performing global team of over 6,000 consultants. We offer services across Business Strategy, IT Roadmaps, Process Re-engineering, Enterprise Architecture, and Domain Solutions. Our consultants are recognized by analysts such as Forrester and Gartner for delivering measurable impact.

THE ROLE

We are seeking a Senior Business Analyst to join our Banking & Financial Services Consulting team. This role focuses on credit risk, retail banking, and data-driven decision-making, with a strong emphasis on SQL-based analytics and regulatory compliance.

You will lead requirements gathering, stakeholder engagement, and solution design for initiatives involving credit risk modelling, data integration, and reporting automation. The ideal candidate will have experience in banking environments, particularly in credit risk, lending, or special asset management, and will be comfortable working in Agile/DevOps settings.

RESPONSIBILITIES

• Translate business requirements into functional and technical specifications aligned with enterprise architecture.
• Lead workshops and stakeholder interviews to elicit requirements and define business processes.
• Perform data gap analysis and contribute to data model refinement for credit risk reporting.
• Develop SQL queries and scripts to support data validation, transformation, and reporting.
• Collaborate with development and QA teams to ensure accurate implementation and testing.
• Support UAT planning, execution, and production rollout.
• Contribute to process improvement and automation initiatives.
• Maintain documentation including BRDs, RTMs, and user guides.

CONSULTING EXCELLENCE

• Project Execution - Lead client engagements and manage delivery.
• Expertise - Maintain domain knowledge in banking and credit risk.
• Business Development - Support proposal creation and client presentations.
• Practice Development - Develop reusable assets and service offerings.
• People Development - Mentor junior consultants and contribute to recruiting.

QUALIFICATIONS

• 8+ years of experience in business analysis within banking or financial services.
• Strong understanding of credit risk, lending, and regulatory frameworks (e.g., Basel IV, SA-CCR).
• Advanced SQL skills for data analysis and reporting.
• Experience with data modelling and ETL processes.
• Familiarity with Agile, DevOps, and SCRUM methodologies.
• Excellent communication and stakeholder management skills.
• Experience with tools like Power BI, ThoughtSpot, or similar is a plus.
• Experience in Capital Markets and understanding of asset classes is an asset.

Working arrangements

We believe hybrid work is the way forward as we strive to provide flexibility wherever possible. Based on this role's business requirements, this is a hybrid position requiring 4 days a week in a client or Cognizant office in Downtown, Toronto, Canada. Regardless of your working arrangement, we are here to support a healthy work-life balance through our various wellbeing programs.

The working arrangements for this role are accurate as of the date of posting. This may change based on the project you're engaged in, as well as business and client requirements. Rest assured; we will always be clear about role expectations.

Compensation

• $87,000-$102,000 CAD
• This position is eligible for Cognizant's discretionary annual incentive program, based on performance and subject to the terms of Cognizant's applicable plans.

Benefits

• Medical, dental, vision and life insurance
• RRSP plan and contributions
• Employee stock purchase plan
• Employee assistance program
• 10 paid holidays plus PTO
• Paid parental leave and fertility assistance
• Learning and development certifications and programs

WORK AUTHORISATION

Applicants must be legally authorized to work in Canada without sponsorship.

The Cognizant community:

• Cognizant is a global community with more than 300,000 associates around the world.
• We don't just dream of a better way - we make it happen.
• We take care of our people, clients, company, communities and climate by doing what's right.
• We foster an innovative environment where you can build the career path that's right for you.

About us:

Cognizant is one of the world's leading professional services companies, transforming clients' business, operating, and technology models for the digital era. Our unique industry-based, consultative approach helps clients envision, build, and run more innovative and efficient businesses. Headquartered in the U.S., Cognizant (a member of the NASDAQ-100 and one of Forbes World's Best Employers 2025) is consistently listed among the most admired companies in the world. Learn how Cognizant helps clients lead with digital at www.cognizant.com.

Cognizant is an equal opportunity employer. Your application and candidacy will not be considered based on race, color, sex, religion, creed, sexual orientation, gender identity, national origin, disability, genetic information, pregnancy, veteran status or any other characteristic protected by federal, state or local laws.

Disclaimer: Compensation information is accurate as of the date of this posting. Cognizant reserves the right to modify this information at any time, subject to applicable law.

Applicants may be required to attend interviews in person or by video conference. In addition, candidates may be required to present their current state or government issued ID during each interview.