Business Systems Analyst

Scotiabank • Toronto, ON

3d • Onsite

About The Position

Scotiabank continues to be an industry leader for Payments technology and innovation. We have a history of safely leveraging new tools to enable new experiences for our customers, focusing on ensuring we protect their interests and goals. The result of this leads to modernization programs which aim to offer enriched information and transparencies to support the rapidly evolving payments community. We are looking for an enthusiastic individual who understands the end-to-end lifecycle of international payments and can collaborate effectively with banks, fintech partners, and internal technology teams also to innovate and collaborate on the value-driven goals in delivering customer value. You will engage in a fast-paced and challenging environment, with opportunities to build new relationships and learn how you can make an impact in the competitive, trillion-dollar, Payments industry. You will be exposed to a wide range of businesses both internally and externally, then leveraging Scotiabank’s strong technology base, build and develop on strategic, forward-looking infrastructure.

Requirements

• Manage and support SWIFT payment flows (MT and MX formats)
• Experience with ISO 20022 standards.
• Solid understanding of payment processing lifecycle and reconciliation processes.
• Experience working with banks, fintechs, or financial institutions.
• Strong expertise in business process mapping, requirements gathering & documenting and system analysis
• Core analytical and problem-solving abilities with keen attention to detail
• Ability to communicate effectively with both technical and business stakeholders, translating complex information into clear insights
• Ability to conduct gap analysis on different payment standards
• Strong ability to build and maintain relationships with stakeholders across the bank
• Ability to quickly adapt and manage multiple priorities in a fast-paced, dynamic environment
• Ability to proactively identify project risks and contribute to overall project health and success
• Proficiency in using Jira / Confluence/ MS Office
• Payments Domain Knowledge in SWIFT, Fedwire and ISO 20022 is an asset
• Experience working in Agile project methodology
• Professional English proficiency (written and spoken).

Nice To Haves

• Knowledge of SQL.
• Experience working with databases.
• Experience building dashboards or reports using Power BI.
• Experience with APIs (REST/SOAP) and XML message structures.
• Previous participation in large-scale payment transformation projects.

Responsibilities

• Lead the analysis, documentation, and validation of business requirements ensuring all the decisions and requirements changes are properly captured
• Collaborate with business stakeholders and technology teams across the bank as well as external partners to deliver the end-to-end solution
• Translate complex business needs into clear and concise functional requirements and user stories
• Facilitate workshops and working sessions with cross-functional teams to gather and analyze requirements
• Contribute to design and optimization of payment processes, ensuring compliance with industry standards and regulatory requirements
• Support scrum master and project manager in planning, scoping, and impact analysis for initiatives
• Perform gap analysis, root cause assessments, and release readiness reviews for payment system enhancements or upgrades
• Act as a subject matter expert (SME) for payment-related projects and operational improvements as well as SWIFT connectivity.
• Monitor post-implementation performance and incident resolution
• Must be able to work within tight deadlines and schedules which may result in extended working hours during peak time to meet project deliverables
• Mentor and coach less experienced team members
• Support various portfolio initiatives where possible
• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge
• Champion a high-performance environment and contributes to an inclusive work environment
• Experience and willingness to execute various test cycles

Benefits

• Upskilling through online courses, cross-functional development opportunities, and tuition assistance.
• Competitive Rewards program including bonus, flexible vacation, personal, sick days, and benefits will start on day one.
• Community Engagement - no matter where you choose to work from; we offer opportunities for community engagement & belonging with our various programs.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed