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Business Analyst II

Job Information
Author ahnationtalk
Date April 10, 2015
Type Full Time
Company Scotiabank
Location Toronto, ON
Category Internet Engineering
Client Scotiabank
Contact Information
To apply for this position please CLICK HERE





Join the Global Community of Scotiabankers to help customers become financially better off.

A Best Workplace

Scotiabank is a premier financial institution and Canada’s most international bank recognized as a Best Workplace®, in Canada, Mexico, El Salvador, Costa Rica, Puerto Rico, Dominican Republic, Panama, Peru, Chile and Latin America by the Great Place to Work® Institute.

A multinational winning team
Scotiabank is Canada’s international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. We are dedicated to helping our 21 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management, corporate and investment banking.

Corporate Social Responsibility
Scotiabank helps to build bright futures worldwide through ethical banking practices, environmental awareness and a commitment to communities.

By working together, we build strong relationships and create value for our customers. Scotiabank’s Information Technology and Solutions provides global technology solutions support to each of our core businesses – Domestic Banking, International Banking, Global Banking & Markets and Global Wealth & Insurance. Our technology-based solutions enable Scotiabank to achieve sustained profitable growth and a competitive advantage.


The incumbent is responsible for research and analysis leading to the definition of requirements and processes to assist in the resolution of complex business problems for Group Treasury, Global Banking and Markets, Product Control, Global Risk Management, Finance and International Units. The incumbent is also responsible for participating in the testing of new systems or enhancements to existing systems, the training of users, and providing daily ongoing support to Group Treasury, Global Banking and Markets, Product Control, Finance, Global Risk Management and International Units.


1. Assist the Manager in resolving highly complex, multi-faceted problems to meet the business needs of Group Treasury, Global Banking and Markets, Finance, Global Risk Management and International Units by applying their financial, accounting and technological knowledge to the design of methodologies, models, and/or systems solutions. This may involve rapid prototyping, with requirements and solutions developed on an iterative basis that provides interim deliverables until a final production solution is created. This includes conducting research and analysis, accurately and clearly defining user requirements and processes, and liaising with the users.

2. Participate in the systems implementation process by developing test cases, performing testing, defining user procedures and workflows, developing conversion and implementation strategies, verifying conversion, providing user documentation, providing user training, and providing post-implementation support.

3. Provide daily business support to Group Treasury, Global Banking and Markets, Global Risk Management and Product Control across Canada and International sites including new and existing product and deal structuring, ad hoc queries and MIS, user training, and assisting with the design and implementation of systems enhancements. This is made more challenging due to differences in time zones and the variation in the business lines, which may require additional time to service business needs beyond regular business hours, including weekends. The incumbent must be very comfortable and capable of dealing with the demanding needs of the Front, Middle and Back Office users. The incumbent is responsible for ensuring that management is kept informed and that problems and issues are escalated appropriately.


The incumbent must have very good knowledge of financial instruments, including market conventions and valuation methods, and risk management methodologies and models including best practices, current and anticipated regulatory requirements, Back Office processes, accounting and the end-to-end workflows among the Front, Middle, and Back Offices, within at least one financial market area (e.g. interest rate derivatives, fixed income, equities). The incumbent much have good knowledge of US, Canadian and International Financial Reporting Standards.

The incumbent must be a creative, self-starting, results-oriented, and highly motivated individual with very good analytical skills in order to apply this knowledge to assist in the resolution of complex business, accounting and system problems. Further, the incumbent must possess very good interpersonal and communication skills, both written and verbal, in order to effectively work with end users and members of the project team.

The incumbent must also possess a good understanding of Systems Development Life Cycle, including functional requirements specifications and testing methodologies.
Knowledge of trading and investment accounting including International Financial Reporting Standards (IAS 39 and IFRS 9), regulatory reporting, trading and investment reporting systems will be a definite asset.

The incumbent is expected to use diplomacy and persuasion to secure agreement and co-operation from departments involved in a project.

A recognized under-graduate degree in business, mathematics or a related discipline, along with 2-3 years of practical experience is required.
Pursuing a professional accounting designation is considered an asset.

Scotiabank is an equal opportunity employer and welcomes applications from all interested parties. We thank you for your interest, however, only those candidates selected for an interview will be contacted. No agencies please.

To apply for this position please CLICK HERE

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