Business Analyst

Job Title Business Analyst - Payments, ISO 20022 Contract Duration 6 Months Pay Range C$65- 75/hr Work Type Hybrid Location Toronto, ON Business Group This role would be to assist with the changes required on ISO 20022 messaging standards. Purpose Our client is seeking a Business Systems Analyst with expertise in FX and Derivative Settlement Operations within Confirmations and Settlement Operations. The Business Analyst will be responsible for delivering on all tasks associated with the program and ensuring proper documentation of artifacts, requirements, and solutions are executed/delivered in support of the team's business strategies and objectives. The ideal candidate will have strong experience eliciting and documenting business requirements within the financial services sector, ensuring alignment with industry standards and regulations. 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. The Business Analyst provides 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 the 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 8+ years of experience as a Business Systems Analyst in financial services (Capital Markets preferred), with a focus on payments and/or money transfer projects. Strong working knowledge of ISO 20022 messaging standards and its implications for payment systems. Strong understanding of payments modernization initiatives, including real-time payments, digital payment ecosystems, and related technologies. 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. Soft Skills Excellent communication and interpersonal skills, with the ability to engage effectively with technical and non-technical stakeholders. Note The best candidate would have experience with payment infrastructure modernization projects within Canada, as well as a strong understanding of Capital Markets products and processes. About The Company Leading Canadian bank offering a wide range of financial services. Committed to employee development, innovation, and performance-based rewards. Join our team and embark on a rewarding career journey. About GTT GTT is a minority-owned staffing firm and a subsidiary of Chenega Corporation, a Native American-owned company in Alaska. As a Native American-owned, economically disadvantaged corporation, we highly value diverse and inclusive workplaces. Our clients are Fortune 500 banking, insurance, financial services, and technology companies, along with some of the nation’s largest life sciences, biotech, utility, and retail companies across the US and Canada. We look forward to helping you land your next great career opportunity #J-18808-Ljbffr