Business Analyst – Market Risk

We are

At Synechron we believe in the power of digital to transform businesses for the better. Our global consulting firm combines creativity and innovative technology to deliver industry-leading digital solutions. Synechrons progressive technologies and optimization strategies span end-to-end Artificial Intelligence Consulting Digital Cloud & DevOps Data and Software Engineering servicing an array of noteworthy financial services and technology firms. Through research and development initiatives in our FinLabs we develop solutions for modernization from Artificial Intelligence and Blockchain to Data Science models Digital Underwriting mobile-first applications and more. Over the last 20 years our company has been honored with multiple employer awards recognizing our commitment to our talented teams. With top clients to boast about Synechron has a global workforce of 14500 and has 58 offices in 21 countries within key global markets.

Our challenge

We are seeking a detail-oriented and experienced Market Risk Business Analyst to join our risk IT team. The challenge for a Market Risk Business Analyst is to effectively translate complex risk requirements into scalable solutions while ensuring data accuracy regulatory compliance and stakeholder alignment in a fast-paced environment. They must bridge risk and IT teams to deliver resilient impactful risk systems.

Additional Information*

The base salary for this position will vary based on geography and other accordance with law the base salary for this role if filled within Mississauga ON is CAD $100k CAD $105k/year & benefits (see below).

The Role

Responsibilities:

• Work closely with market risk teams to understand and analyze market risk metrics including VaR stress testing sensitivity analysis time series and other risk measures.
• Collaborate with stakeholders to gather document and validate business requirements for risk system enhancements and new product implementations.
• Translate business needs into detailed functional specifications for IT and development teams.
• Partner with IT teams to design test and implement market risk solutions including system upgrades and new tools.
• Validate system outputs ensuring alignment with business expectations and regulatory requirements.
• Propose additional system process controls and data quality controls to keep improving the system resiliency and data integrity.
• Serve as a key liaison between risk management IT PM and FO teams to ensure alignment and effective communication.

Requirements:

• Bachelors degree in Finance Economics.
• Advanced certifications such as FRM (Financial Risk Manager) CFA (Chartered Financial Analyst) or PRM (Professional Risk Manager) are desirable.
• 1 to 5 years of experience in market risk IT business analysis model validation or a related field within the corporate & investment banking industry.
• Proven experience in working with various risk systems.
• Strong understanding of financial instruments including derivatives in fixed income currencies equities and exotic products.
• Proficiency in risk modeling stress testing and scenario analysis techniques.
• SQL is preferred but not required.
• Exceptional analytical and problem-solving skills with attention to details.
• Strong communication and interpersonal skills to effectively collaborate with stakeholders at all levels: risk users PM/scrum master IT risk developers
• Team player who promotes knowledge sharing with team members in various forms such as the confluence pages training sessions etc.
• Demonstrated self-organizing capabilities including multitasking and prioritization in complex environments.

Preferred but not required:

• Detail-oriented ability to turn deliverables around quickly with a high degree of accuracy.
• Strong analytical skills ability to interpret business requirements and produce functional and technical design documents.
• Good time management skills Ability to prioritize and multi-task handling multiple efforts at once.
• Strong desire to understand and learn domain.
• Experience in a financial services/banking industry.
• Ability to work in a fast-paced environment; to be flexible and learn quickly.
• Ability to multi-task with attention to detail/ prioritize tasks.

We offer:

• A multinational organization with 58 offices in 21 countries and the possibility to work abroad.
• 15 days (3 weeks) of paid annual leave plus an additional 10 days of personal leave(floating days and sick days).
• A comprehensive insurance plan including medical dental vision life insurance and long-term disability.
• Flexible hybrid policy.
• RRSP with employers contribution up to 4%.
• A higher education certification policy.
• On-demand Udemy for Business for all Synechron employees with free access to more than 5000 curated courses.
• Coaching opportunities with experienced colleagues from our Financial Innovation Labs (FinLabs) and Center of Excellences (CoE) groups.
• Cutting edge projects at the worlds leading tier-one banks financial institutions and insurance firms.
• A truly diverse fun-loving and global work culture.

SYNECHRONS DIVERSITY & INCLUSION STATEMENT

Diversity & Inclusion are fundamental to our culture and Synechron is proud to be an equal opportunity workplace and is an affirmative action employer. Our Diversity Equity and Inclusion (DEI) initiative Same Difference is committed to fostering an inclusive culture promoting equality diversity and an environment that is respectful to all. We strongly believe that a diverse workforce helps build stronger successful businesses as a global company. We encourage applicants from across diverse backgrounds race ethnicities religion age marital status gender sexual orientations or disabilities to apply. We empower our global workforce by offering flexible workplace arrangements mentoring internal mobility learning and development programs and more.

All employment decisions at Synechron are based on business needs job requirements and individual qualifications without regard to the applicants gender gender identity sexual orientation race ethnicity disabled or veteran status or any other characteristic protected by law.

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