Business Analyst - Core Banking

Role: BA requirement with payment / core banking experience.

Location: Toronto, ON (Hybrid)

Duration: 12+ months

The resource will need to:

• Support account hosting and end-to-end accounting flows for Deposit business
• Maintain the system of record for:
• Customer accounts
• Ledger postings
• Balance management
• Data Provisioning for Downstream Systems
• Provide reliable and timely data feeds to downstream systems, including:
• Account information (e.g., account status, product, ownership)
• Transaction information (e.g., bookings, postings, history)
• Balance information (e.g., available, ledger, intraday balances)
• Ensure data accuracy, completeness, and auditability
• Perform end-to-end business validation on accounting workflows, including Accounts Payable (AP), Accounts Receivable (AR), reconciliations, and financial reporting.
• Validate vendor management processes, including onboarding, contract compliance, payment processing, and performance tracking.
• Review and analyze business requirements, functional specifications, and process flows to ensure completeness and accuracy.
• Identify, document, and track defects, discrepancies, and control gaps, ensuring timely resolution.
• Collaborate with business stakeholders, finance teams, and technology partners to ensure solutions meet business needs and regulatory requirements.
• Support UAT (User Acceptance Testing) cycles, including test planning, execution, and sign-off.
• Ensure adherence to internal controls, audit requirements, and compliance standards (e.g., SOX where applicable).

Required Skillset

Business & Domain Expertise

• Strong understanding of accounting principles (GAAP/IFRS basics, reconciliations, journal entries, financial controls).
• Hands-on experience in vendor management lifecycle, including vendor onboarding, invoicing, payment processing, and contract adherence.
• Familiarity with financial systems (e.g., SAP, Oracle, Workday, or similar ERP platforms).

Quality Assurance & Analysis

• Proven experience in BA roles with a focus on financial or operational processes.
• Strong data analysis skills, with experience validating large datasets and financial transactions.
• Experience with issue management tools (e.g., JIRA, Azure DevOps).

Technical & Tools

• Proficiency in Excel (advanced) for reconciliation, data validation, and reporting.
• Experience with SQL or data querying tools (preferred).
• Knowledge of process mapping tools (e.g., Visio, Lucidchart).
• Support end-to-end system integration, including API, messaging, and data flows

Soft Skills

• Strong attention to detail and problem-solving capabilities.
• Excellent communication skills, with the ability to translate between business and technical teams.
• Ability to manage multiple priorities in a fast-paced, vendor-driven environment.
• Proactive mindset with a focus on continuous improvement and process optimization.

Nice to Have

• Experience in banking or financial services environments.
• Exposure to risk and compliance frameworks.
• Prior experience working with third-party vendors or managed service providers.