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Title:  Business Analyst Specialist, Capital Markets Technology




Requisition ID: 175756

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.


The Team 


The Derivatives Rates team provides both functional and technical solution to our core business globally – Global Banking & Markets, Group Treasury and Global Wholesale Operations Middle Office, Product Control, Clearing and Settlements etc. We’re made up of high performing, energetic, result-oriented and collaborative individuals who thrive in our dynamic and agile environment to deliver the best and strategic solutions to meet the needs from our business lines.


The Role


We are looking for a Business Analyst Specialist to help moving forward our strategic solution to maintain and enhance the modernized derivative trading platform and assist the team to complete the decommission of legacy derivative platform within committed timeline. This is a key position in Global Banking and Markets Engineering (GBME) team, responsible for supporting and delivering system solutions for Front Office, Middle Office and other core business globally.





This incumbent supports the OTC trading cycle from Front to Back office independently and in a project team setting to conceptualize, define, document, develop, test, implement and maintain the PeakXV and K2 Derivatives trading platform.


  • Providing day-to-day support to resolve highly complex and multi-faceted business problems and prioritize BAU or project deliverables with front and middle office users to plan out monthly sprints.
  • Excellent time and relationship management will be required to manage upcoming deliverables and user expectations for each release. The result of which must be articulately communicated to the Development team and outlined in JIRA tickets.
  • Requirements gathering and documentation for existing and new processes/systems developed within Trade Management stream. This encompasses BA, Dev and User inputs to flesh out documentation which can then be stored and shared via Confluence. Requirements gathered for new initiatives will also have to be stored in JIRA tickets on a per issue/feature/change basis.
  • Creating Test Cases and fully running through scenarios to ensure results match up with business expectations and that releases are bug free. Typical production releases are conducted once per month on Friday night, which will occasionally require the applicant to stay late to conduct post implementation checks and provide updates/support for downstream systems.




  • Independently resolve complex, multi-faceted problems to meet the business needs of the assigned Lines of Business, by applying their financial and technological knowledge to the design of methodologies, models, and/or systems solutions.  This may involve rapid prototyping, with requirements and solutions developed on an iterative basis that provides interim deliverables until a final production solution is created.  This includes conducting research and analysis, accurately and clearly defining user requirements and processes, and liaising with the users.
  • Manage multiple small projects and/or lead specific sections of large projects to implement solutions to business problems.  This involves planning and scheduling resources, developing detailed project plans, monitoring progress against planned objectives, financial review, and securing consensus and co-operation from users and senior management.
  • Participate in the systems implementation process by defining business requirements and processes, developing test strategies and test cases, performing testing, defining user procedures and workflows, developing conversion and implementation strategies, verifying conversion, providing user documentation, providing user training, and providing post-implementation support.
  • Provide business support to all units Globally, including new and existing product and deal structuring, ad hoc queries and MIS, user training, and assisting with the design and implementation of systems enhancements.  This is made more challenging due to differences in time zones and the variation in the business lines. The incumbent is responsible for ensuring that management is kept informed and that problems and issues are escalated appropriately.
  • Continually acquire and enhance knowledge of the Division's business strategies and policies, risk management practices and methodologies, product offerings, financial markets, financial instruments, regulatory requirements, Back Office processes, and rapidly changing technology to be able to provide effective business solutions and services to the end user business lines.
  • The incumbent must have advanced knowledge of financial instruments, including market conventions and valuation methods, risk management methodologies and models including best practices, current and anticipated regulatory requirements, Back Office processes and the end-to-end workflows among the Front, Middle and Back Offices within at least one financial market area (e.g. foreign exchange, interest rate derivatives) and a very good knowledge of at least one other financial market area.
  • The incumbent must be a creative, self-starting, results oriented and highly motivated individual with excellent analytical skills in order to apply this knowledge to independently resolve complex business problems.
  • The incumbent must have proven interpersonal, communication and negotiation skills in order to build consensus


  • 5+ years of Business Analyst experience on a technology or application team.
  • Experience working within Capital Market, OTC Derivatives area is preferred.
  • Experience with application support, continuous delivery and deployment, and knowledge of software development lifecycle
  • Experience with test case design, automated testing and regression testing
  • Excellent verbal and business written communication skills
  • Strong analytical and problem-solving skills
  • Strong data analysis skill in SQL languages, formular/VBS script in Excel or MS Access
  • Sound understanding of product-oriented design
  • Financial risk experience is an asset


What's in it for you?


  • We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!
  • We provide you with the tools and technology needed to create beautiful customer experiences.
  • You'll get to work with and learn from diverse industry leaders, who have hailed from top technology companies around the world
  • Onsite cafeteria.
  • Dress codes don't apply here, being comfortable does.
  • We offer a competitive total rewards package that includes a base salary, a performance bonus, company matching programs (pension & profit sharing), generous vacation, personal & sick days, personal development funding, maternity leave top-up, parental leave and much more.





Location(s):  Canada : Ontario : Toronto 

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

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