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Kumaran Systems

Business Systems Analyst

Posted 2 Days Ago
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In-Office
Toronto, ON
Expert/Leader
In-Office
Toronto, ON
Expert/Leader
Business Systems Analyst supporting credit risk, Expected Credit Loss, regulatory reporting, and finance transformation programs. Responsibilities include gathering requirements, translating business needs into functional and technical specifications, analyzing and mapping data, supporting system integration, validating data quality, managing traceability, and coordinating stakeholders across Risk, Finance, Data Governance, Regulatory Reporting, and Technology teams.
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We are seeking an experienced Business Systems Analyst (BSA) with strong expertise in Credit Risk, Expected Credit Loss (ECL), and Regulatory Reporting within the banking and financial services industry. The ideal candidate will act as a liaison between business and technology teams, driving requirements management, data analysis, system integration, testing, and regulatory compliance initiatives for risk and finance transformation programs.

Key Responsibilities

Business Analysis & Requirements Management

  • Gather, analyze, document, and validate business and system requirements related to Credit Risk and ECL processes.
  • Collaborate with Risk, Finance, Data Governance, Regulatory Reporting, and Technology teams to define business solutions.
  • Translate business requirements into detailed functional and technical specifications.
  • Facilitate stakeholder workshops, requirement reviews, and solution design sessions.
  • Maintain end-to-end requirement traceability throughout the project lifecycle.

Credit Risk & ECL Initiatives

  • Support the implementation and enhancement of Expected Credit Loss (ECL) processes and systems.
  • Work with stakeholders on key ECL components, including:
    • Probability of Default (PD)
    • Loss Given Default (LGD)
    • Exposure at Default (EAD)
    • Forward-Looking Information (FLI)
    • Macro-Economic Scenarios
    • Staging Assessment (Stage 1, Stage 2, and Stage 3)
  • Partner with quantitative modeling teams to support model implementation and business requirements.
  • Assess impacts of regulatory, accounting, and business changes on ECL processes and reporting.

Data Analysis & Systems Integration

  • Perform data analysis, data mapping, and gap assessments across multiple applications and platforms.
  • Support data quality, reconciliation, and validation activities.
  • Collaborate with technology teams on system integration and data transformation initiatives.
  • Assist in defining business rules and data requirements for enterprise risk systems.

Required Qualifications

  • 7–10+ years of Business Analysis experience within Banking or Financial Services.
  • Minimum 3+ years of experience supporting ECL (Expected Credit Loss) initiatives.
  • Strong understanding of Credit Risk Management and Regulatory Reporting processes.
  • Experience gathering and documenting business, functional, and system requirements.
  • Strong analytical, problem-solving, and stakeholder management skills.
  • Experience in large-scale data, risk, or finance transformation programs.
  • Knowledge of SDLC, Agile, and Waterfall delivery methodologies.
  • Excellent communication, presentation, and documentation skills.


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