Business Systems Analyst

Kumaran Systems•Toronto, ON

10d

About The Position

The Senior/Lead Business Systems Analyst (BSA) – Expected Credit Loss (ECL) serves as a key liaison between Risk, Finance, Credit Risk Modelling, Data Management, Technology, and Regulatory Reporting teams. The role is responsible for analysing, designing, and delivering solutions supporting the bank's Expected Credit Loss (ECL) framework, IFRS 9 compliance, credit risk reporting, data integration, and model implementation initiatives. The successful candidate will lead business analysis activities, translate regulatory and business requirements into functional specifications, support the implementation of ECL models, and drive strategic data and system transformation initiatives across the enterprise.

Requirements

7+ years - 10+ years of Business Analysis experience in financial services.
3+ years of experience supporting ECL-related initiatives.
Strong experience in banking risk management and regulatory reporting environments.
Experience managing large-scale data and systems transformation projects.

Responsibilities

Gather, analyse, document, and validate business requirements related to ECL/IFRS 9 processes.
Collaborate with Risk Management, Finance, Data Governance, Regulatory Reporting, and Technology stakeholders.
Translate business requirements into detailed functional and technical specifications.
Facilitate stakeholder workshops, requirement walkthroughs, and solution design sessions.
Manage requirement traceability throughout the project lifecycle.
Support end-to-end ECL calculation processes, including: Probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD), Forward-Looking Information (FLI), Macro-economic scenarios, Staging assessment (Stage 1, 2, and 3).
Partner with quantitative model development teams for model implementation and enhancements.
Analyse the impacts of regulatory and accounting changes on ECL processes and systems.
Support model governance, validation, and audit activities.
Ensure compliance with: IFRS 9, Basel Framework, OSFI guidelines, Internal risk governance standards.
Support regulatory examinations, internal audits, and model reviews.
Maintain comprehensive business and technical documentation.