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Job ID2632
Job TitleCapital Markets - Business Analyst - IT - 5
Permanent/Contract Contract
Travel (%)0
Date Posted 10/27/2022
CityToronto - WFH
State/Province ON
Job Description A Bank in Downtown Toronto (WFH) is seeking Capital Markets - Business Analyst - IT - 5 for a contract of 6 months. • 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. • Reason for request: Backfill 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
Job Requirements Candidate Requirements/Must Have Skills: 1) 5 + years’ experience as a Business Analyst 2) 1-2+ years’ hands-on experience and strong knowledge of Energy Commodities (Gas, Oil, Power, Not precious or base metals) 3) 5+ years’ work experience managing Derivative products - Strong derivative product knowledge relating to product features, valuation, and risk calculation 4) 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) Soft Skills: 1) Strong communication skills to clearly articulate business requirements to technical teams – will have the opportunity work with senior stakeholders, traders, and business units Best vs. Average: All candidates should have strong knowledge and experience working with derivatives and energy commodities, and knowledge of Swaps and Options of their trade details, market data, and valuation.. The best candidate would have experience in credit risk and/or xVA. Degrees or certifications: • Bachelor's degree in a technical field such as Math, Finance, Computer science, Computer engineering or related field required
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