Job Title: Business System Analyst LMS / VAM Specialist Location: Toronto, ON Work Arrangement: Hybrid Experience: 8 10 Years Employment Type: Full-Time FTE Job Summary: We are seeking an experienced Business System Analyst LMS / VAM Specialist to support the delivery, implementation, and optimization of Liquidity Management Systems (LMS) and Virtual Account Management (VAM) solutions within a corporate and transaction banking environment.

The ideal candidate will have strong experience in Transaction Banking, Cash Management, Liquidity Management, Virtual Account Management, corporate treasury, payments, account structures, and banking technology .

The candidate will act as a bridge between corporate treasury/business requirements and transaction banking technology, working with business stakeholders, product teams, technology teams, and implementation teams to deliver scalable liquidity and virtual account solutions.

Key Responsibilities Business Analysis & Requirements Gather, analyze, document, and validate business requirements related to Liquidity Management and Virtual Account Management .

Work closely with corporate treasury, transaction banking, cash management, product, technology, and implementation teams.

Translate business requirements into functional specifications, user stories, process flows, and solution requirements.

Analyze existing business processes and identify opportunities for automation, optimization, and improved cash visibility.

Facilitate workshops with business and technology stakeholders to understand client requirements and define appropriate solutions. LMS & Liquidity Management Support the design and implementation of Liquidity Management System (LMS) solutions for corporate banking clients.

Analyze and support complex cash concentration, liquidity sweeping, and pooling requirements.

Work with multi-entity, multi-currency, and cross-border liquidity structures.

Support physical cash concentration and notional pooling requirements.

Understand corporate treasury structures, account hierarchies, cash positioning, and liquidity optimization.

Translate treasury and liquidity requirements into functional system configurations and technology solutions.

Virtual Account Management (VAM) Support the design, implementation,



and configuration of Virtual Account Management (VAM) solutions.

Define virtual account structures, hierarchies, relationships, and mapping to master physical accounts.

Support corporate clients in replacing or consolidating multiple physical demand deposit accounts (DDAs) through virtual account structures.

Understand virtual sub-ledger concepts and their integration with underlying physical accounts.

Support virtual account structures for collections, payments, reconciliation, and account management.

Payments & Reconciliation Support automated payment and reconciliation processes associated with VAM and LMS platforms.

Understand remitter identification, payment routing, account mapping, and automated reconciliation .

Support Payments on Behalf Of (POBO) and Collections on Behalf Of (COBO) business models.

Understand corporate Accounts Receivable (AR) and Accounts Payable (AP) processes and their relationship with transaction banking solutions.

Analyze payment and reconciliation requirements and translate them into functional system requirements.

System Integration & Messaging Work with technology teams to define and validate integrations between LMS/VAM platforms and enterprise banking systems.

Support integration requirements involving APIs, payment systems, core banking platforms, ERP systems, and treasury platforms .

Experience with SWIFT messaging and payment-related message formats.

Understanding of ISO 20022 messaging standards, including formats such as CAMT.053 .

Knowledge of legacy banking/payment messaging such as MT940 is an asset.

Analyze interface specifications, data mappings, message flows, and integration dependencies.

Functional & Technical Skills Strong experience in Liquidity Management / Cash Management within banking.

Strong understanding of Virtual Account Management (VAM) .

Experience with Liquidity Management Systems (LMS) .





Strong knowledge of Corporate / Transaction Banking .

Understanding of Cash Concentration, Liquidity Sweeping, and Pooling .

Experience with Virtual Accounts and Virtual Sub-Ledgers .

Understanding of POBO and COBO models.

Knowledge of corporate treasury and cash management processes.

Understanding of payment processing and automated reconciliation.

Experience with SWIFT / ISO 20022 messaging.

Knowledge of CAMT.053, MT940 , and related banking message formats.

Experience with API-based system integrations .

Strong business requirements gathering and functional documentation skills.

Business Analysis Deliverables Business Requirements Documents (BRD) Functional Requirements Documents (FRD) User Stories and Acceptance Criteria Process Flows and Business Process Models Data Mapping and Interface Specifications Functional Solution Specifications Requirements Traceability Test Scenarios and UAT Support Defect Analysis and Resolution Implementation and Production Support Documentation Qualifications 8 10 years of overall IT / Business Analysis experience , preferably within banking or financial services.

Strong hands-on experience in Transaction Banking, Cash Management, Liquidity Management, or Corporate Banking .

Demonstrated experience with LMS and/or VAM platforms or comparable banking liquidity/virtual account solutions .

Solid understanding of corporate treasury, payments, account structures, reconciliation, and liquidity processes.

Excellent stakeholder management and communication skills.

Ability to work effectively with business users, product managers, architects, developers, testers, and implementation teams.

Strong analytical and problem-solving skills.

Preferred Experience Experience working with large corporate banking clients.

Experience implementing or enhancing transaction banking platforms.

Experience with Liquidity Management / Cash Management products .

Experience with Virtual Account Management implementations .

Experience with SWIFT, ISO 20022, CAMT.053, MT940 , or related payment messaging.

Experience with APIs and enterprise banking integrations.

Experience working in Agile delivery environments.

📌 Business System Analyst – LMS / VAM Specialist || Toronto, ON - Onsite || Fulltime FTE
🏢 AceStack
📍 Toronto