First Derivative is driven by people, data, and technology, unlocking the value of insight, hindsight, and foresight to drive organizations forward. Counting many of the world's leading investment banks as clients, we help our clients navigate the data-driven, digital revolution that is transforming the financial services sector. Our global teams span across 15 offices serving clients across EMEA, North America and APAC.
As an EPAM Systems, Inc. (NYSE: EPAM) company, a leading global provider of digital platform engineering and development services, we deliver advanced financial services solutions by empowering operational insights, driving innovation, and enabling more effective risk management in an increasingly data-centric world. Together with EPAM, we combine deep industry expertise with cutting-edge technology to help clients stay ahead in a rapidly evolving financial landscape, offering comprehensive solutions that drive business transformation and sustainable growth.
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.
The recruiting efforts for this position are intended to fill an existing vacancy for a new position.
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
Robust 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, Mi FID II / Mi FIR, SFTR, Dodd-Frank, CFTC, etc
Experience using SQL for data analysis and investigation
Exposure to Linux environment
We offer
Extended Healthcare with Prescription Drugs, Dental and Vision, and Healthcare Spending

📌 Senior business analyst (Toronto)
🏢 EPAM Systems
📍 Toronto