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Senior Business Analyst to analyze trade and market data (Derivative Products) from source systems and normalize them into the XVA engine for our Major Banking Client - 28401

Job Type: Contract
Positions to fill: 1
Start Date: Jan 03, 2023
Job End Date: Jul 02, 2023
Pay Rate: Hourly: Negotiable
Job ID: 125495
Location: Toronto

Senior Business Analyst to analyze trade and market data (Derivative Products) from source systems and normalize them into the XVA engine for our Major Banking Client - 28401

Location Address: Hybrid (1x per week), Downtown Toronto
Contract Duration: 6 months, high chance of extension
Schedule Hours: 37.5hrs/week (9am-5pm, Monday-Friday)

Business group: GWRT - Derivatives and Structured Product Technology. The XVA Technology team within the Derivatives Trading and Risk group ensure Value Adjustment for OTC derivative products have been accurately priced while ensuring Risk and Valuation precisely captured for traders, trade floor management, and risk groups.

Project: The team is completing Phase III of the XVA project and have completed 80% onboarding of multiple derivative products within the bank, leveraging GPU from cloud for calculation. The focus is to analyze the trade and market data from the source systems and normalize them into the XVA engine.

Candidate Value Proposition
The successful candidate will have the opportunity to apply Risk and Valuation knowledge on OTC derivative products while using latest technologies to manage performance for complex XVA calculations (i.e. Angular, Redis, Elastic Search, Kafka, GPU)
The successful candidate will also work with traders, trade floor risk, cparty risk, market risk, product control and other various technology groups.

Typical Day in Role
Works with financial engineers, trading systems, and traders to onboard Commodity products onto the xVA platfrom.
Works with key stakeholders within all business functions to align technology solutions with business strategies
Gathering requirements from business units and translates those to programmers and developers
Demonstrating an informed knowledge of business functions to resolve problems and capitalize on improvement opportunities
Supporting one or more highly complex business processes
Working on multiple projects as a project team member
Serves as a liaison between the business community and the IT organization in order to provide technical solutions to meet user needs

Must Have Skills:
  • 5 + years’ experience as a Business Analyst
  • 1-2+ years’ hands-on experience and strong knowledge of Energy Commodities (Gas, Oil, Power, Not precious or base metals)
  • 5+ years’ work experience managing Derivative products
  • Strong derivative product knowledge relating to product features, valuation, and risk calculation
  • 5+ years’ experience managing Risk, P&L or Market Risk within the Capital Markets Industry

Nice-To-Have Skills:
  • Previous xVA experience is a plus and will be prioritized
  • Previous working experience on risk and valuation relating to FX, Equity, or TRS
  • Experience programming with Python or any Scripting language (Shell, Korn)
  • Degrees or certifications:
  • Bachelor's degree in a technical field such as Math, Finance, Computer science, Computer engineering or related field required
  • CFA / FRM certifications are a plus

Candidate Review & Selection
2 Step Process: 2 Interviews through Microsoft teams (1 technical; 1 senior leadership)
Hiring Manager’s availability to interview: ASAP