Sr. BA/BSA

4 weeks ago


Toronto, Ontario, Canada Botsford Associates Full time

Sr. BA/BSA - FX Modernization

Botsford Associates is looking for a Senior Business Analyst to join our FX Modernization transformation team at a leading Canadian bank. This program focuses on enhancing FX settlement processes, optimizing post-trade workflows, and driving regulatory compliance, cost reduction, and operational efficiency. The ideal candidate will work closely with FX Sales & Trading, Operations, Technology, and Business Transformation teams to ensure seamless execution of modernization initiatives.

Key Responsibilities:

  • Lead the analysis and optimization of FX post-trade and settlement processes, ensuring improved efficiency and automation.
  • Conduct business process reengineering by identifying opportunities for outsourcing, standardization, and automation.
  • Perform data-driven analysis to evaluate and enhance operational effectiveness, settlement accuracy, and overall efficiency.
  • Collaborate with business and technology stakeholders to define project scope, business needs, and strategic implementation plans.
  • Develop business and functional requirement documentation (BRD & FRD) to support system transformation efforts.
  • Support User Acceptance Testing (UAT) by preparing test cases, conducting validation activities, and ensuring quality assurance.
  • Maintain project alignment with Leadership Model, promoting a client-focused, results-driven approach.

Must-Have Qualifications:

  • 5+ years of experience as a Business Analyst within Capital Markets Operations, focusing on FX settlement, trade lifecycle, and post-trade processing.
  • Strong understanding of FX trading, settlement workflows, and risk management processes.
  • Experience with process reengineering, automation strategies, and operational efficiency improvements.
  • Expertise in data analysis, performance tracking, and business process optimization.
  • Hands-on experience with business and functional requirement documentation (BRD/FRD) and impact analysis.
  • Experience working with UAT teams, assisting with test case development and defect management.
  • Familiarity with Agile methodologies, JIRA, Confluence, and business process modeling tools.

Nice-to-Have Skills:

  • Prior experience with FX trading platforms, trade lifecycle automation, and payment processing systems.
  • Exposure to industry standards and regulatory requirements for FX settlements.
  • Experience with data visualization tools (Power BI, Tableau) for reporting and analysis.
  • Knowledge of SQL, data mapping, and API integrations to support system enhancements.
  • Previous work in large-scale financial transformation projects.


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