Business Analyst – Commodities Trading (Murex)

Location: Toronto, ON – Work Model: Hybrid (2 days onsite per week)

Contract Length: 6 months with potential to extend and convert

Experience: 5+ years preferred

Hours: Monday–Friday, 9:00 AM–5:00 PM (7.5 hours per day; subject to change)

Pay Rate:

- T4 - $83 - $88.82
- INC - $95-$100.82

The Opportunity Our client is seeking an experienced Business Analyst with hands-on Murex expertise and commodities trading knowledge to support a front-office technology initiative.

What You'll Do

- Partner with commodities traders and front-office stakeholders to gather, analyze and document business and functional requirements.
- Model and configure commodities products in Murex, ensuring products reflect their underlying commercial and financial characteristics.
- Analyze product pricing, valuation methodologies, market data, curves, present value (PV), profit and loss (P&L;), option valuation and Greeks.
- Support front-office workflows, including trade capture, pricing, risk analysis and trade lifecycle management.
- Validate end-to-end trade flows and ensure product configurations align with business expectations.
- Collaborate with technology teams and business stakeholders to support the migration of the commodities trading desk onto Murex.
- Investigate functional gaps, troubleshoot issues and help ensure the new platform supports the desk's trading requirements.

Must-Have Qualifications




- Hands-on experience with Murex , ideally involving product modelling, configuration or implementation.
- Solid commodities business knowledge across one or more of the following areas: energy, metals and agriculture.
- Understanding of both physical and financial commodities trading.
- Front-office business analysis experience supporting trading desks and trading systems.
- Knowledge of trade capture, pricing, valuation, risk profiles and trade lifecycle management.
- Experience with market data and valuation concepts, including curve building, PV, P&L;, options, exotic products and Greeks.
- Ability to gather requirements directly from traders and translate them into product models and functional specifications.
- Approximately 5+ years of relevant experience preferred.

Nice-to-Have Qualifications
- Endur experience , particularly from a commodities trading environment.
- Exposure to downstream trade processes, including settlements, confirmations, accounting and regulatory reporting.
- Previous experience within capital markets, investment banking or a financial institution.
- Direct experience working alongside a commodities trading desk.

Interview Process
1. Initial virtual interview with the Hiring Manager via Microsoft Teams.
2. In-person interview with additional team members at the Toronto office for candidates who progress.

📌 Business Analyst, Commodities Trading (Murex) (Toronto)
🏢 Swoon
📍 Toronto