We are seeking a skilled Business Analyst to join our Model Risk Management (MRM) team, playing a crucial role in the development and enhancement of a new, unified platform for our Risk organization.

The Business

Analyst will act as a vital conduit between the Model Risk Management business stakeholders, and technology teams. You will be responsible for translating high-level business needs into detailed requirements, ensuring the resulting platform is robust, scalable, and compliant with all regulatory standards — including Model Risk Management governance frameworks, model validation workflows, and SR 11-7 / SS1/23 regulatory guidance.

Key Responsibilities

Requirements Elicitation and Analysis: Collaborate with all stakeholders, including Model Risk, model owners, model validators, business users, and dependent technology teams, to elicit, analyze, and document detailed business requirements aligned with MRM policies and governance standards.

Epic and Story Decomposition: Work closely with the Product Owner to break down high-level Epics into well-defined, actionable user stories with comprehensive acceptance criteria, covering model inventory management, validation lifecycle, and findings tracking workflows.

Process and Workflow Modeling: Document current and future state workflows for model development, independent validation, approval, and ongoing monitoring — identifying gaps and opportunities for process improvement to support a single, unified MRM workflow across all model tiers.

Testing and Quality Assurance:



Partner with the QA team to develop detailed test cases and scenarios specific to MRM workflows (e.g., model submission, validation findings, approval routing). Participate in testing to validate that implemented solutions meet both business and regulatory requirements.

Stakeholder Communication: Serve as a key communication bridge between model validators, model owners, senior MRM leadership, and technology teams — ensuring a transparent and common understanding of requirements, project status, and deliverables at all stages.

Ideal Candidate Profile

Proven experience as a Business Analyst, preferably within a Model Risk Management, model validation, or familiarity with quantitative risk function in MRM

Strong understanding of model risk management principles, including model development, independent validation, model tiering, and ongoing monitoring in accordance with regulatory expectations (SR 11-7, SS1/23, or equivalent).

Experience with large-scale data migration projects, including data analysis, mapping, and validation — ideally involving model inventory or risk data.

Expertise in Agile methodologies (Scrum/Kanban), with a proven ability to write clear and effective Epics, user stories, and acceptance criteria.

Excellent analytical and problem-solving skills, with the ability to translate complex MRM governance requirements into detailed technical platform specifications.

Experience in Reviewing test cases and supporting the quality assurance process

Exceptional communication and interpersonal skills, with the ability to effectively engage and manage stakeholders across model risk, technology, audit, and senior leadership levels.

📌 Business Analyst – Model Risk Management (Mississauga)
🏢 Open Systems Technologies
📍 Mississauga