Lead Business Analyst (Capital Markets)

Lead Business Analyst- Capital Markets, Banking & Financial Services, Cognizant Consulting

Banking & Financial Services

Toronto, Ontario

ABOUT US

Cognizant is one of the world’s leading professional services companies, transforming clients’ business, operating, and technology models for the digital era. Our unique industry-based, consultative approach helps clients envision, build, and run more innovative and efficient businesses. Headquartered in the U.S., Cognizant, a member of the NASDAQ-100, is ranked 195 on the Fortune 500 and is consistently listed among the most admired companies in the world. Learn how Cognizant helps clients with digital at www.cognizant.com.

The Role

We are seeking a passionate, high energy, Senior Consultant, Financial Product (OTC Derivatives), Credit and market risk and regulatory reporting. Our strength is built on our ability to work together. Our diverse set of backgrounds offer different perspectives and new ways of thinking. It encourages lively discussions, inspires thought leadership, and helps us build better solutions for our people and clients. We are looking for someone who thrives in this setting and is inspired to craft relevant solutions through true collaboration. If you are excited by change, and excel through autonomy, we would love to hear from you!

It takes a lot to succeed in today’s fast-paced market, and Cognizant has become a leader in the industry. We love big ideas and even bigger dreams. We stand out because we put human experiences at the core. We help clients engage customers by envisioning and building creative products and services. We develop go-to-market strategies and invent entirely new business models, ensuring that every company we work with walks away with both encouragement and a plan. Everything we do at Cognizant we do with passion—for our clients, our communities, and our organization. It’s the defining attribute that we look for in our people

Responsibilities

· Understanding various risk and regulatory and other financial (loan) products and process attributes from upstream/downstream systems.

· Understanding various risk and regulatory concepts and applying them quickly to develop solutions e.g. Risk Shifting, netting, pre-settlement, etc.

· Performing data gap analysis, systems, processes, and procedures as required for the project.

· Documenting functional, data mapping, reporting logic and other requirements.

· Communicating requirements to development and QA, performing testing, coordinating UAT testing and assisting production implementation.

· Contributing to processing re-engineering and process improvement where applicable.

· Supporting user training and documentation as needed.

· Reporting team working status and raise concerns or issues that may hinder the project progress as planned to management and PMs.

Qualifications

• 5-8 years of direct experience in the financial or banking industry, with a focus on regulatory reporting.
• Proven Business Analyst experience in requirement gathering, stakeholder management, systems implementation, process improvement, or re-engineering projects.
• Familiarity with a range of financial products, including Loans, OTC Derivatives, and various Asset classes, is a distinct advantage.
• Strong analytical capabilities to research, investigate, and assess information for effective problem-solving and solution identification.
• Strong technical foundation in Data Warehousing and PL/SQL, coupled with in-depth credit risk functional knowledge.
• Robust understanding of system analysis processes and techniques, including system components, functionalities, interfaces, data flows, and critical business rules.
• Comprehensive understanding of Capital Markets and various risk types (e.g., Credit, Financial).
• Experienced in Agile methodologies, including proficiency with Jira, user story creation, and a strong grasp of the overall Agile framework.
• A highly collaborative team player with exceptional interpersonal and communication skills, adept at interacting with stakeholders at all organizational levels.
• A critical thinker who consistently provides innovative and creative solutions to complex challenges.
• Demonstrated ability to take initiative, work autonomously, and manage multiple priorities effectively in high-visibility, client-facing, and time-sensitive environments, ensuring transparent communication with key stakeholders.
• Outstanding communication, requirements elicitation, and facilitation skills to bridge gaps between business and technical teams.
• Proficiency in documentation using MS Office tools (e.g., Visio diagrams, PowerPoint), SQL, Confluence, and SharePoint.

Work Authorization

Cognizant will only consider applicants for this position who are legally authorized to work in Canada without requiring employer sponsorship, now or at any time in the future.

Working arrangements

We believe hybrid work is the way forward as we strive to provide flexibility wherever possible. Based on this role’s business requirements, this is a hybrid position requiring 2-3 days a week in a client OR Cognizant office in Toronto, ON . Regardless of your working arrangement, we are here to support a healthy work-life balance though our various wellbeing programs.

The working arrangements for this role are accurate as of the date of posting. This may change based on the project you’re engaged in, as well as business and client requirements. Rest assured; we will always be clear about role expectations.

Applications will be accepted until June 20th, 2025.