Senior Business Analyst (Derivatives Trading and Financial Engineering)

Location Address: Hybrid (1-2 days per week) Toronto

Contract Duration: 02/10/2025 to 07/25/2025 with high Possibility of extension – Yes

Business group: Rates Derivatives Technology Group

This group deals with majority of rates and the main products include interest rates swaps and options (Swaptions), Callable, Cap/Floor options.

Projects: DAS Phase 2 Implementation – integration of in house price rate derivative project, building and testing test finance for internal regression testing

Typical Day in Role:

• Work collaboratively with our in-house Financial Engineering team to integrate their latest novel pricer into our in-house derivatives trading application.

• Work with development on building out our new internally developed test harness to help automate regression tests.

• Design and build/improve new/existing processes.

• Co-ordinate with local (Toronto) development teams to ensure work is delivered on time.

• Provide reporting to management on progress, raise concerns and suggest improvements to existing processes.

• Leading the efforts from Toronto office and will be responsible for their own work and certain element of creative control over the solution.

Must Have Skills:

1) 10+ years of experience as a business analyst

2) Good understanding and knowledge of derivatives, in particular financial aspects such as derivatives pricing, P&L analysis, VaR. MtM. Products include IR Swaps, FX options (FXO), IR options (Cap/floor), Money Market tickets

3) Good understanding of derivatives trade lifecycle management including trade reconciliation, fixing and confirmations/settlements.

4) 5+ years of experience working with technology applications that supported derivatives trade lifecycle processes, including both in-house and vendor solutions (e.g. Calypso, Murex, ION).

5) Recent working experience with DB SQL (Sybase or MSSQL preferred)

Nice-To-Have Skills:

• Knowledge of XVA & Riskwatch

Best VS. Average Candidate:

- Best candidate will have in-depth knowledge on how PV for swaps/options are calculated in order to help us validate and identify issues with the new price.