Senior Business Analyst – (Regulations)

Our client, a top banking client in Canada is looking to hire Senior Business Analyst - (Regulations) for their team with a contract for 6 Months with potential extension or possible conversion to Permanent. Hybrid - 2 day in office (Mondays and Wednesdays)
in Downtown Toronto

Project: Work with central project team to create high level roadmap, interpretation of specific EU regulations and development of risk methodologies.

Daily responsibilities:

• Work with central project team to create high level roadmap and potential stakeholders.
• Summarize risk-owned disclosure requirements and communicate/raise awareness stakeholders (coordinate with Project team)
• Understand all the quantitative reporting requirements and facilitate agreement on interpretations (e.g., do we understand what is being asked). Present interpretations to EU Project Team for concurrence/approval
• Investigate data sources for quantitative requirements in templates 1-10 (quantitative requirements). Identify potential sources for any data gaps (include lack of reliable sources of data)
• Deep dive into requirements of EU Taxonomy (relates to GAR disclosure requirements)
• Determine what EU Paris-aligned Benchmarks in accordance with Article 12(1) points (d) to (g) and Article 12(2) of Regulation (EU) 2020/1818 are
• Mapping of bank internal sector classification (BR codes, SIC, NAICS) to EU reporting sectors (e.g., NACE)
• Work with CIDA on mapping emissions to EU reporting sectors based on above
• Research GAR (Green Asset Ratio) calculation and develop methodology
• Research BTAR (Banking book Taxonomy Alignment Ratio) calculation and develop methodology

CSRD: Corporate Sustainability Reporting Directive:

• Work with central project team on to create high level roadmap and potential stakeholders.
• Summarize disclosure requirements and communicate/raise awareness stakeholders (coordinate with Project team)
• Understand risk-owned the quantitative reporting requirements and facilitate agreement on interpretations (e.g., do we understand what is being asked). Present interpretations to EU Project Team for concurrence/approval
• Determine what CSRD components are extraterritorial requirements and for which BNS would be in scope.
• Research EU taxonomy definitions for climate adaptation actions and climate mitigation actions
• Investigate data sources for quantitative requirements in templates 1-10. Identify potential sources for any data gaps (include lack of reliable sources of data)
• Mapping of bank internal sector classification used in financial statements to EU reporting sectors (e.g., NACE)
• Investigate EU sector level physical and transition risk ratings to be able to compare with BNS heatmap

Must have:

• 10+ years of experience working as Business analyst in the financial industry
• 5+ years of experience interpretating regulatory requirements
• 5+ years of experience conducting gap analysis vs regulatory requirements
• 5+ years of working knowledge of banking book (i..e, lending) products

Nice to have:

• Experience in risk management, specifically credit risk would be an asset
• Familiarity ESG/Climate regulation specifically with EU regulation and EU green taxonomy

Soft skill:

• Ability to analyze complex situations and problems and do the necessary research using multiple sources of information to arrive at innovative solutions
• Ability to work as part of a team, as well as work independently or with minimal direction
• Good time management and organizational skills to effectively manage high-scale project
• Integrity, high attention to detail, thoroughness and accuracy are critical to ensure quality outputs.
• Solid organizational and time management skills to manage competing activities within short time frames.
• The incumbent requires self-initiative, resourcefulness and strong organizational ability to manage a diverse range of projects.
• Master of identifying and solving ambiguous problems to drive customer and business value
• Excellent organizational and analytical skills with strong attention to detail
• Great verbal and written communication skills, with the ability to engage and influence stakeholders at different levels in the organizations
• Ability to build trusted relationships, instill confidence and influence stakeholders

Education and Certifications:

• Business related degrees
• Sustainability related qualification is considered an asset

If you are interested in hearing more about this role, please send your updated resume in MS Word format to Sakshi@ifgpr.com and mention the " Senior Business Analyst - (Regulations)" in the subject line.
Other roles can be viewed at www.ifg-global.com