Job Title: Senior Business Systems Analyst – Hedge Accounting

Location: Toronto, ON (Hybrid)

Role Overview: Business Systems Analyst with a strong understanding of financial instruments, derivatives, pricing concepts, and financial product lifecycles to support business and technology initiatives within the financial markets and treasury domain.

The ideal candidate will be comfortable translating complex financial and business requirements into clear functional specifications, collaborating with business stakeholders and technology teams, and using modern AI-assisted development tools such as Microsoft Copilot and GitHub Copilot.

Hedge accounting knowledge is preferred but not mandatory. Candidates with strong financial markets knowledge, analytical skills, and the ability to learn current business domains quickly are encouraged to apply.

Key Responsibilities

- Gather, analyze, and document business and system requirements for financial markets and treasury applications.
- Work with financial instruments, including interest rate swaps (IRS), swaptions, FX forwards, bonds, Treasury bills, loans, and mortgage-related products.
- Develop a working understanding of instrument characteristics, pricing and valuation concepts, option Greeks where applicable, and accrual calculations.
- Translate business requirements and financial product rules into functional specifications, user stories, acceptance criteria, and system requirements.
- Collaborate with business stakeholders, developers, QA teams, and other technology partners to deliver system enhancements.
- Use SQL for data analysis, validation,



reconciliation, and investigation of system behavior.
- Maintain requirements, documentation, and delivery activities using Jira, Confluence, and standard BSA tools.
- Apply Microsoft Copilot and GitHub Copilot in practical workflows to support analysis, documentation, code understanding, or other relevant tasks.
- Participate in testing, defect investigation, and business validation where required.
- Learn and apply hedge accounting concepts and related system functionality as the role requires.

Mandatory Requirements

- Financial instruments and markets knowledge: Understanding of derivatives, particularly interest rate swaps, swaptions, and FX forwards; fixed income instruments such as bonds and Treasury bills; and retail lending products such as mortgages and loans.
- Pricing and accrual concepts: Knowledge of pricers, valuation and pricing concepts, applicable option Greeks, and accrual calculations relevant to financial products.
- Practical AI Copilot experience: Hands-on experience using Microsoft Copilot and GitHub Copilot in relevant work or project activities.
- Business Systems Analysis: Experience gathering requirements, analyzing business processes, preparing functional documentation,



and working with stakeholders.
- BSA toolset: Working proficiency in SQL, Jira, Confluence, and requirements and documentation practices.
- Learning agility: An open mindset, adaptability, curiosity, and the ability to understand unfamiliar products, processes, and systems quickly.

Preferred Qualifications

- Knowledge of hedge accounting, including IFRS 9 and/or IAS 39.
- Familiarity with fair value hedges, cash flow hedges, hedge designation, effectiveness testing, and related accounting impacts.
- Experience supporting financial systems, derivatives platforms, treasury technology, pricing systems, or capital markets applications.
- Ability to read and understand code or configuration files to investigate system behavior and collaborate effectively with developers.
- Experience with test planning, test cases, functional testing, regression testing, and defect management.
- Experience in banking, financial services, or financial technology implementations.

Ideal Candidate Profile

The ideal candidate combines practical financial markets knowledge with strong business analysis fundamentals and hands-on AI Copilot experience. They can discuss financial instruments and their lifecycle, explain pricing and accrual concepts, analyze data using SQL, and translate business needs into actionable system requirements.

Hedge accounting experience is a valuable advantage, but strong candidates with relevant financial product knowledge and the ability to learn should also be considered.

📌 Technical Business Analyst (Toronto)
🏢 Kelly
📍 Toronto