First Derivative, an EPAM Company, is expanding its Toronto Practice and is seeking talented, ambitious, and commercially aware Senior Business Analysts to join our growing team. This is an exciting opportunity to work on high-profile transformation and regulatory change programmes with leading investment banks, capital markets firms, and financial market infrastructure providers. You will play a key role in helping clients to break down complex business problems & flows, define requirements across data, process and technology, to be implemented on or across one of more platform such as trading, post trade or data analytic platforms.

As a Senior Business Analyst, you will work closely with business stakeholders, technology teams, and subject matter experts to analyse requirements, deliver solutions, and support the successful implementation.

Responsibilities

Agile & Story Management: Facilitate Agile product teams in story and feature management, conduct story slicing to optimize delivery, and lead technical grooming sessions

Gather, analyse, and document business and regulatory requirements through workshops, interviews, and stakeholder engagement

Create business requirement documents, functional specifications, process flows, user stories, and acceptance criteria

Collaborate with product owners, developers, QA teams, and operations teams throughout the project lifecycle

Define and execute User Acceptance Testing (UAT) activities, potentially including test case creation, defect management,



and results reporting

Translate complex business strategy/vision or regulatory obligations into clear functional and technical requirements

Requirements

Education: Bachelor's Degree in Computer Science, Information Technology, or a related field

6+ years of business analysis and requirements management experience within Capital Markets or Financial Services

Experience in agile tools e.g Jira and Confluence

Understanding of trade and transaction lifecycles across different financial products/instruments

Strong requirements gathering, analysis, and documentation skills

Experience working within Agile, Waterfall, or hybrid delivery environments

Excellent stakeholder management and communication skills, with the ability to engage effectively across all levels of an organisation

Strong analytical and problem-solving capabilities

Experience supporting UAT and business testing activities

Ability to interpret complex data and business processes

Strong attention to detail and commitment to delivering high-quality outcomes

Self-motivated, proactive, and able to manage multiple priorities simultaneously

Nice to have: Experience in using AI tools during the SDLC process

Experience in defining requirements to build AI tools/agents

Knowledge of global regulatory reporting regimes, such as EMIR, MiFID II / MiFIR, SFTR, Dodd-Frank, CFTC, etc

Experience using SQL for data analysis and investigation

Exposure to Linux setting

📌 Senior Business Analyst (Toronto)
🏢 EPAM Systems
📍 Toronto