Business Analyst - Commodities (Capital Markets)

RBC • Toronto, ON

12d • Hybrid

About The Position

The Capital Markets Commodities trading team is one of the fastest-growing business groups within RBC. They trade across Oil & Gas, Power, Emissions, Agriculture, Commodities Index, Base Metals, and Precious Metals—spanning financial and physical deliveries with linear and non-linear instruments. Operating from Toronto, Calgary, New York, and the UK, the team is seeking a Business Analyst to join their Commodities team and help enhance the systems and processes that support this dynamic business. The Commodities team manages front-to-back trading applications and infrastructure for the commodities business. In this role, the Business Analyst will partner with IT (QTS) and business stakeholders to gather requirements, analyze business processes, and translate them into system improvements and technology solutions that drive operational efficiency and support business growth. The role involves working with business stakeholders and technical teams to understand trading workflows, identify system gaps, and document requirements for enhancements. The analyst will also analyze current Commodities configurations and trading processes to recommend optimizations and support the design of solutions that improve trader productivity and risk management. Additionally, the Business Analyst will conduct impact assessments for system changes, validate that implementations meet business needs, support testing and user acceptance activities, document processes, create training materials for end-users and support teams, and maintain clear communication with management on project status and risks.

Requirements

• Degree in Business, Finance, or Computer Science, and 5+ years business analyst experience
• Strong foundational knowledge of Openlink platform configuration.
• Advanced understanding of commodities trading workflows, including pre-trade, execution, post-trade settlement, and regulatory reporting.
• Knowledge of financial reference data concepts: clients, books, securities, and positions.
• Proficiency in SQL and data analysis to investigate system behavior and validate data integrity.
• Excellent communication skills, both written and verbal, with ability to translate between business and technical stakeholders.
• Experience gathering requirements, documenting specifications, and managing stakeholder expectations.
• Familiarity with development methodologies (Waterfall, Agile) and change management processes.

Nice To Haves

• Background in Java, Python, or C# to understand technical constraints and collaborate effectively with developers.

Responsibilities

• Work with business stakeholders and technical teams to understand trading workflows, identify system gaps, and document requirements for enhancements.
• Analyze current Commodities configurations and trading processes to recommend optimizations and support the design of solutions that improve trader productivity and risk management.
• Conduct impact assessments for system changes, validate that implementations meet business needs, and support testing and user acceptance activities.
• Document processes, create training materials for end-users and support teams, and maintain clear communication with management on project status and risks.

Benefits

• A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Opportunities to work with the best in the field
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• A world-class training program in financial services
• Flexible working options fully supported.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 5,001-10,000 employees