Business Analyst SME

RBC • Toronto, ON

10d • Onsite

About The Position

Global Functions Technology (GFT) is part of RBC’s Technology and Operations division, delivering innovative IT solutions to various partners across the company including Risk, Finance, HR, CAO, Audit, Legal, Compliance, Financial Crime, Capital Markets, Personal and Commercial Banking, and Wealth Management. This role is an AD, Business Analyst within the RISE team, focusing on a multi-year Insurance transformation program to enhance IFRS17 accounting results and improve the financial close process. RISE is RBC’s strategic SubLedger and Calculation Engine for the Insurance Business, built on Aptitude vendor products (Accounting Hub and Insurance Calculation Engine). It processes data from the Enterprise Data Lake and other reference data applications to perform IFRS17 calculations, accounting, and subledger functions, supporting monthly financial reporting and performance analysis. The Business Analyst SME will specialize in IFRS17 calculations, methodologies, accounting rules, and subledger functions, contributing to design enhancements. The role involves close collaboration with Actuarial, Insurance Finance, and Insurance IT teams, leading requirements sessions, documenting business rules/mappings, and defining solutions that enhance RISE while minimizing impact and risk. Exceptional communication skills are essential due to interaction with all organizational levels, from technical personnel to high-level management. The specialist nature of the applications and stakeholders requires comfort working in high-pressure environments.

Requirements

• Bachelor’s degree in Finance, Accounting, Economics, Computer Science or equivalent.
• 10+ years Business Analysis experience, delivering large-scale programs.
• Some knowledge of Insurance line of business or actuarial experience.
• Familiarity of finance from an accounting and risk point of view and finance business process.
• Proficiency in analyzing data to derive insights, including using SQL for data querying (e.g., JOINs, CTEs) and visualization tools like Power BI or Tableau.
• Background in data processing (storing & processing), data engineering, data modelling.
• Ability to clearly articulate problems and solutions, influence senior stakeholders and negotiate priorities between business needs and technical feasibility.
• Expert time management and organizational skills with the ability to manage multiple projects with competing deadlines.
• Construct data flow diagrams, business and system context diagrams, create technical specifications and training materials.
• Work closely with the development teams to ensure there is full understanding and proper execution of requirements in a timely manner.
• Scrum Management experience, provide high level key deliverable plan and detail break down to user stories and major tasks; providing guidance and leadership through to the scrum team during all project phases; ability to handle pressure with multiple priorities.

Nice To Haves

• Previous experience in another Insurance company; risk or quantitative background.
• Familiarity with IFRS17 standard.
• Experience with Aptitude Insurance Calculation Engine and/or Aptitude Accounting Hub.
• AI/Data analytics knowledge, including exposure to machine learning, automation or advanced analytics applications.
• Hands on experience supporting P&L process, valuation controls, and financial reporting.
• Demonstrate integrity and a constructive approach to challenges
• Lead, coach and mentor others while providing constructive feedback
• Familiar with scripting languages such as Python

Responsibilities

• Lead requirements discussions for large-scale projects and product enhancements, defining roadmaps and ensuring alignment with business objectives.
• Collaborate with Finance and business line clients to analyze functional requirements and deliver clear, actionable documentation.
• Describe business rules such as translating trading or insurance events to accounting events; or derivations such as calculations and classifications required by regulators.
• Ensure traceability of requirements to deliverables.
• Facilitate complex issue discussion meetings and resolve ambiguity.
• Contribute to successful project completion by identifying risks and recommending mitigating strategies.
• Work with upstream Data Provider Teams to troubleshoot, provide requirements, and coordinate end-to-end solution implementation.
• Provide leadership in process improvement initiatives and enhance system and support documentation.
• Leverage AI capabilities to support future business initiatives.
• Collaborate with project managers, developers, quality engineers, and other business analysts to ensure projects are delivered on time and within budget.
• Make recommendations on process improvements and system enhancements to optimize performance and efficiency.

Benefits

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable.
• Leaders who support your development through coaching and opportunities to grow
• Ability to make a difference and have a lasting impact
• A world-class training program in financial services
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Opportunities to take on progressively greater accountabilities
• Flexible work/life balance options

What This Job Offers

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