Junior Business Analyst with cash flows, nostros, payment flows, and accounting for cash transactions experience- 38205/38283

Junior Business Analyst with cash flows, nostros, payment flows, and accounting for cash transactions experience- 38205/38283

Location Address: Hybrid -Toronto - 3 times/week in office increasing to 4 days.

Contract Duration: 12 months (Possibility of extension & conversion to FTE)

Schedule Hours: 37.5 hrs/week

Story Behind the Need

• Business group: Global Cash, Collateral and Intraday Management
• Intraday Liquidity Management is a strategic priority for the Bank. The initiative to develop intraday liquidity forecasting will improve bank broker-dealers' capabilities by aligning with industry practices and complying with regulatory requirements.
• The incumbent will be responsible for closely collaborating with finance, operations and settlement groups to comprehend the securities settlement process, depository cash flows, and their impact on intraday cash forecasting. The incumbent will work with finance, operations, and settlement teams to understand the securities settlement process, depository cash flows, and their effects on intraday cash forecasting. Responsibilities include documenting the current state, conducting a gap assessment, and developing future state design.

Typical Day in Role:

• Conduct a comprehensive current state analysis of Bank's broker-dealer cash management function and prepare a gap analysis.
• Develop recommendations for the future state of the cash management function.
• Complete a thorough review of the Balance Sheet and General Ledger.
• Identify the sources and uses of cash across various business lines within the entity.
• Perform system analysis and collaborate with data streams to design systematic solutions for cash management.
• Support the implementation of evolving local enhancements in cash and intraday liquidity management processes for relevant entities and business areas.
• Partner with finance and systems teams to identify improvement opportunities in the cash management function.
• Represent the Cash/Intraday Liquidity Management Team on projects and change initiatives by engaging effectively with a broad range of stakeholders.

Must Have Skills:

1) 3-4 years of Business Analyst experience in the banking sector

2) Experience with cash flows related to financial products.

3) In-depth knowledge of nostros, payment flows, and accounting for cash transactions.

4) Advanced proficiency in Microsoft Excel and VBA; hands-on with Power BI.

Nice-To-Have Skills:

1) An MBA, CFA or accounting designation is an asset.

Education:

Degree in Mathematics, Finance & Business, or Engineering.

An MBA, CFA or accounting designation is an asset.

Best VS. Average Candidate:

The ideal candidate should possess strong problem-solving skills and an analytical mindset, with the ability to work with raw data, cleaning, transforming, and analyzing it to map business processes. They should be able to structure and store the refined data in Power BI, enabling the development of dashboards and reports that support data-driven decision-making and operate independently. Also, someone with a good sense of curiosity to provide resolutions faster.

The best candidate is someone with experience as a Business BA and a bit of IT.

Candidate Review & Selection:

2 rounds of interviews - 45 minutes

1st - MS Teams Video interview - with Associate Director -Behavioral questions and role overview

2nd is an Excel assessment.

3rd - in person at 40 Temperance Street 9th Floor - with Director