Business Analyst

Story Behind the Need

Business group: Rates Derivatives Technology Group

This group deals with the majority of rates and the main products include interest rate swaps and options (Swaptions), Callable, Cap/Floor options.

 

Projects: DAS Phase 2 Implementation – the integration of in house price rate derivative project, building and testing test finance for internal regression testing

 

Reason: New requirements

 

Candidate Value Proposition:

The successful candidate will have the opportunity to work together with a group of IT product owners and developers to help integrate our Financial Engineering team’s next phase of their novel pricer with our in-house built derivatives trading application. There will be an opportunity to contribute to other projects ongoing in our in-house developed Derivatives Trading application. There is an overlap in projects and skilled candidates will be transferred to the other projects as well.

 

Typical Day in Role:

• Work collaboratively with our in-house Financial Engineering team to integrate their latest novel pricer into our in-house derivatives trading application.

• Work with development on building out our new internally developed test harness to help automate regression tests.

• Design and build/improve new/existing processes.

• Co-ordinate with local (Toronto) development teams to ensure work is delivered on time.

• Provide reporting to management on progress, raise concerns and suggest improvements to existing processes.

• Leading the efforts of the Toronto office and will be responsible for their own work and certain elements of creative control over the solution.

 

Candidate Requirements/Must Have Skills:

• 10+ years of experience as a business analyst

• Good understanding and knowledge of derivatives, in particular financial aspects such as derivatives pricing, P&L analysis, VaR. MtM. Products include IR Swaps, FX options (FXO), IR options (Cap/floor), Money Market tickets.

• Good understanding of derivatives trade lifecycle management including trade reconciliation, fixing and confirmations/settlements.

• 5+ years of experience working with technology applications that supported derivatives trade lifecycle processes, including both in-house and vendor solutions (e.g. Calypso, Murex, ION).

• Recent working experience with DB SQL (Sybase or MSSQL preferred)

 

Nice-To-Have Skills:

• Knowledge of XVA & Riskwatch

 

Soft Skills Required:

• Good verbal and written communication skills

• Ability to organize own work and lead workstreams.

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Education & Certificates:

STEM degree (e.g. Computer Science, Engineering, or Physical Sciences degree),

Candidates qualified in CFA would be preferred.