Business Consultant

  • Location: Toronto, ON
  • Type: Contract
  • Job #1299

Brief Project Description:

This in relation to IBOR transition program moving away from LIBOR to new RFRs that involves multiple layers and phases of implementation across front-to-back business processes, system changes and operational components. The relevant functional department is Group Risk Management and this role’s specific scope covers both Market Risk and Counterparty and Credit Risk.

Responsibilities:
Business Analysis Consulting – 60%

  • Partner with the Business and/or Business Architecture to conduct problem analysis
  • Investigate and analyze business situations and identify options for business improvement
  • Perform a gap analysis between current and future states; assess and recommend highest value-added solution options
  • Perform risk scenario analysis (i.e. VaR, Stress) and understand the broader implications to all relevant risk areas and measurements for a change being introduced.
  • Use of Python to pull large volume of data from various sources, transform and conduct data analytics including decomposition of risk by factor and PnL attribution for wide range of scenarios.
  • Conduct impact analysis across key risk metrics as a result of pricing model, market data or input data changes.
  • Assist in establishing priority and portfolio objectives leveraging business analysis expertise
  • Understand the business context and the impacts of the proposed change to people, processes, organizational structure, policies, and technology
  • Assess and communicate risks associated with the change and strategy to mitigate the risks
  • Elicit program requirements scope and conduct scope impact analysis to identify impacts to Business and Technology
  • Partner with Program Manager and Solution Architect to identify the groups of program requirements that can be delivered as an individual project
  • Forecast and manage business stakeholder involvement across the projects to ensure the most effective utilization of their time
  • Lead requirements effort estimation and manage requirements planning at the program level
  • Establish program level processes and governance for managing:
  • Requirements reviews and sign-off
  • Requirements risks, assumptions, and constraints across projects’ requirements
  • Projects’ requirements interdependencies within a program
  • Artefact repository, configuration and document management for the projects within the program
  • Forecast BA resource needs and manage BA allocation
  • Govern the adherence of the BAs to the enterprise requirements methodology, including requirements approach and artefacts
  • Ensure requirements quality and consistency across projects, through program requirements governance
  • Conduct coverage analysis and impact analysis between program and projects requirements to enable effective change management
  • Resolve requirements conflicts and issues between projects
  • Support and manage the realization of business benefits of the solution; investigate the root-causes and recommend actions to realize the benefits

Leadership and Relationship Management – 40%

  • Conduct regular assessments of the requirements progress on projects against the business objectives
  • Ensure program team and stakeholders have knowledge of the enterprise standard requirements methodology
  • Coordinate and monitor multiple simultaneous projects activities to prevent or minimize potential negative impacts
  • Impact and influence to ensure stakeholder buy-in and support of the requirements strategy at the program level
  • Enable others to work collaboratively across functional groups by establishing and maintaining a culture of trust and shared vision
  • Provide guidance, feedback, coaching, and mentoring to build the capabilities of BAs on the program
  • Present ideas, solicit input, negotiate compromise, influence decisions, and garner support of senior level executives and/or initiative stakeholders
  • Effectively communicate and build rapport with Program Management, Business, Technology, and Vendor where applicable
  • Enhance skills and build knowledge in all aspects of the organization
     

Must Haves:

  • Masters Certificate in Business Analysis (Preferred)
  • FRM / CFA / PMP designations (Preferred)
  • 7-10 years of experience as a Business Analyst with progressively increasing responsibilities in the areas of requirements management on large and complex projects in the risk management space
  • Advanced skills with SQL, Advanced Excel, Python
  • Leading a team of Business Analysts in a project environment – providing requirements oversight, coaching, and support
  • Advanced knowledge and proven experience with Strategy Analysis including understanding of business goals and objectives, assessing capability gaps, assessing risks of the change, and determining solution scope and approach
  • Proven experience with various project delivery methodologies such as Waterfall, Iterative, and/or Agile
  • Expert knowledge and proven experience in requirements planning and prioritization including stakeholder analysis and effort estimation
  •  Expert knowledge and proven experience in requirements elicitation techniques Interviews, Facilitated workshops, Observation, Prototyping, Focus groups, Surveys
  • Expert knowledge and proven experience in requirements analysis and documentation:
    • Scope Modelling
    • Risk Models and Measurements
    • Model Change Governance and Process
    • Business Process Modelling
    • Use Cases and Scenarios
    • Data Requirements
    • Business Rules Analysis and Decision Modelling
    • User Interface Design
    • Non-Functional Requirements
    • User Stories, Story Decomposition, and Story Mapping
    • Acceptance and Evaluation Criteria Definition
  • Expert knowledge and proven experience in requirements management and communication – requirements walkthroughs; scope and change management; traceability; configuration management, Backlog Management