Business Analyst in Toronto

Business Analyst in Toronto

Toronto Full-Time 120000 - 120000 $ / year (est.) Hybrid
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At a Glance

  • Tasks: Gather and analyse business requirements to drive innovative solutions in capital markets.
  • Company: Join TMX, a leader in global exchanges and capital market innovation.
  • Benefits: Competitive salary, flexible work options, wellness programs, and career growth opportunities.
  • Other info: Collaborative culture focused on diversity, impact, and employee well-being.
  • Why this job: Be part of a dynamic team shaping the future of global finance and technology.
  • Qualifications: 5+ years as a Business Analyst with strong analytical and communication skills.

The predicted salary is between 120000 - 120000 $ per year.

The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets. Global Enterprise Services (GES) is accountable for the operation of Canada's two systemically important clearing houses (CDS and CDCC) and provides services that support TMX businesses in meeting their objectives.

Role Summary

The Business Analyst draws up requirement statements and takes part in development projects as an advisor in the area of business and systems use. He/she follows up change requests with users and acts as an intermediary between users and implementation teams.

Key Accountabilities

  • Lead requirements gathering, analysis, and documentation for enhancements across CDS, CCMS.
  • Conduct interviews and analysis sessions to understand current business processes and future needs.
  • Translate documented requirements and described business rules/processes into clear actionable functional specifications documents and configure modules to meet those specifications, ensuring traceability from requirements to deliverables.
  • Collaborate with technical teams on solution design, configuration, and integration development.
  • Act as the functional subject matter expert (SME) during the design, development, and implementation phases of new capabilities.
  • Support the teams that perform design, configuration, and maintenance.
  • Facilitate complex issue discussion meetings and resolve ambiguity.
  • Contribute to successful project completion by identifying risks and recommending mitigating strategies.
  • Collaborate with Enterprise Architecture, Legal, and Information Security teams to validate solutions from an architecture, data privacy, legal contract, and cybersecurity perspective.
  • Provide leadership in process improvement initiatives and enhance system and support documentation.
  • Collaborate with project managers and other team members to ensure projects are delivered on time and within budget.
  • Make recommendations on process improvements and system enhancements to optimize performance and efficiency.
  • Develop detailed test scripts and coordinate User Acceptance Testing (UAT) sessions to ensure delivered solutions meet requirements and stakeholder expectations.
  • Manage and prioritize defects and enhancements identified during testing.
  • Develop and execute comprehensive change management plans for new solutions to ensure successful end-user adoption.
  • Create training materials and support documentation for end-users and administrators.

Must Have(s)

  • Proven experience as a Business Analyst in Capital Markets.
  • Minimum 5 years of experience performing requirements analysis with various functional areas of business and mapping requirements.
  • Experience with leading joint analysis and design sessions to elicit outcome-based use cases and user stories that deliver results.
  • Ability to apply critical thinking to problems and identify alternative solutions with pros and cons and present to business and technology stakeholders.
  • Business Analysis experience with a demonstrated ability to gather and define requirements.
  • Demonstrated experience with waterfall and Agile-based project methodologies.
  • Exceptional analytical, problem-solving, and critical thinking skills.
  • Strong ability to communicate complex concepts clearly to both technical and non-technical audiences.
  • University degree in technology related field or business.

Nice to Have(s)

  • AI Automation
  • MS Office/ Google Suite expertise
  • Testing Experience with usage of automated tools

Salary Range

120,000/year - 130,000/year CAD. Please note that the salary range included is a guideline only. The salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

Please note that our company is not currently sponsoring work permit applications and the applicant must be authorized to work in the country where this position is located.

TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate. We provide accommodations for applicants and employees who require it.

Business Analyst in Toronto employer: TMX Group

At TMX, we pride ourselves on being an exceptional employer that fosters a culture of collaboration, innovation, and growth. Located in the vibrant city of Toronto, our hybrid work model allows for flexibility while providing employees with access to a diverse and inclusive environment. With a strong commitment to employee wellness, professional development, and impactful work, we empower our team members to thrive and make meaningful contributions to the global economy.

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Contact Details:

TMX Group Recruitment Team

We think you need these skills to ace Business Analyst in Toronto

Requirements Analysis
Business Process Mapping
Stakeholder Communication
Agile Methodologies
Waterfall Methodologies
Critical Thinking
Problem-Solving Skills