Work Location:
Toronto, Ontario, Canada
Hours:
37.5
Line of Business:
Technology Solutions
Pay Details:
$96,900 - $136,800 CADThis role is eligible for a discretionary variable compensation award that considers business and individual performance.
TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.
As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.
Job Description:
About TD Securities
TD Securities provides a wide range of capital market products and services to corporate, government and institutional clients who choose us for our knowledge and experience in six key areas of finance: Investment Banking, Debt Capital Markets, Institutional Equities, Private Equity, Precious Metals and Foreign Exchange & Money Market. Our services include the underwriting and distribution of new debt and equity issues, providing advice on strategic acquisitions and divestitures, and executing daily trading and investment needs.
With more than 6,500 professionals operating out of 40 cities across the globe, we help clients meet their needs today and prepare for tomorrow. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions.
We are growth-oriented, people-focused, and community-minded. As a team, we work to deliver value for our clients every day.
About This Role
We are looking for an experienced Senior Business Systems Analyst to lead the Volcker regulatory reporting workstream within Market Risk Technology. This is a senior, hands-on role for someone who can connect regulatory and market risk requirements with data, systems, controls, and delivery execution.
You will act as the primary BSA lead for the workstream, partnering with the Volcker Office, Market Risk, Product Control, Compliance, Regulatory Supervisory Management, Engineering team and other business and technology stakeholders. You will define clear requirements, drive analysis and testing, coordinate decisions and dependencies, and help ensure that reporting solutions are accurate, controlled, supportable, and ready for production.
The successful candidate combines strong business analysis and stakeholder leadership with solid technical skills and the ability to investigate data, understand system flows and challenge solution designs. They should also be comfortable using modern productivity tools, including Microsoft Copilot, to improve analysis and delivery; experience with specific programming languages such as Python is beneficial but not required.
Key Accountabilities
Workstream Leadership and Delivery
· Lead the end-to-end business systems analysis activities for the Volcker workstream, from discovery and scope definition through implementation and post-release validation.
· Establish and maintain the requirements plan, analysis approach, decision log, traceability, delivery dependencies, risks, and stakeholder communication cadence.
· Break complex regulatory and business objectives into clear, prioritized deliverables and support estimation, sequencing, planning, and execution across multiple teams.
· Provide senior-level guidance to analysts and delivery partners, promote consistent BSA practices, and raise issues early with practical options and recommendations.
Requirements and Process Analysis
· Elicit, analyze, validate, document, and manage business, data, functional, non-functional, control, and operational requirements.
· Translate requirements into detailed specifications, process flows, use cases, acceptance criteria, source-to-target mappings, control requirements, and implementation artefacts.
· Assess current-state reporting processes and system capabilities; identify gaps, impacts, upstream and downstream dependencies and target-state opportunities.
· Lead requirement walkthroughs and ensure shared understanding among business stakeholders, architects, engineers, testers, production support, and control partners.
· Maintain traceability from regulatory and business requirements through solution design, test evidence, implementation, and production validation.
Volcker and Market Risk Reporting
· Apply knowledge of market risk and Volcker regulatory reporting to support quantitative measurements, trading-desk reporting, controls, commentary, approvals, and regulatory submission processes.
· Analyze requirements and data associated with risk factor sensitivities, Value-at-Risk (VaR), profit and loss attribution, internal limits and usage, positions, and transaction volumes.
· Partner with reporting and control functions to define data validation, reconciliation, reasonableness checks, exception handling, sign-off evidence, and remediation requirements.
· Support interpretation of regulatory change and business policy changes by assessing impacts to reporting processes, data, systems, controls, and operating procedures.
· Investigate reporting issues and data anomalies, coordinate root-cause analysis, and define sustainable remediation and validation plans.
Data and Technical Analysis
· Perform hands-on analysis of complex datasets using SQL, Excel, and other appropriate tools to validate requirements, reconcile results, identify data-quality issues, and support decision-making.
· Use SQL extensively to query, profile, reconcile, and validate Volcker data; analyze complex joins, transformations, calculations, and stored logic; and investigate data-quality or reporting issues across the end-to-end reporting process.
· Analyze and validate Tableau dashboards, reports, data sources, calculated fields, filters, and extracts to confirm that Volcker reporting outputs accurately reflect business requirements and underlying data.
· Trace and troubleshoot discrepancies between SQL-based data processing and Tableau presentation layers, partnering with engineering and reporting teams to identify root causes and verify sustainable fixes.
· Trace data from source systems through transformations, calculations, controls, and reports; document lineage and identify implementation gaps or unintended impacts.
· Participate in solution-design discussions and provide informed input on interfaces, APIs, file-based integrations, data models, batch processes, control points, and operational support needs.
· Use Python scripting where appropriate to automate repeatable analysis, reconciliation, data-quality checks, test-data preparation, and evidence generation.
· Use Microsoft Copilot responsibly to accelerate drafting, summarization, analysis, test preparation, and knowledge capture while following organizational data-security and governance requirements.
Testing and Production Readiness
· Define the overall test approach and develop detailed test scenarios and expected results across functional, system, integration, regression, business acceptance, and user acceptance testing.
· Coordinate test execution, requirements traceability, defect triage, evidence collection, stakeholder sign-off, and implementation-readiness activities.
· Validate calculations, data completeness, control behavior, report outputs, operational procedures, and downstream impacts before release.
· Partner with Engineering and Production Support to investigate defects and production issues, confirm root cause, and verify sustainable remediation.
· Support release planning, implementation validation, operational handover, and post-implementation review for business-critical regulatory reporting changes.
Stakeholder Management
· Build effective working relationships across the Volcker Office, Market Risk, Product Control, Compliance, Regulatory Supervisory Management, Front Office, Operations, Architecture, Engineering, Quality Engineering, and Production Support.
· Facilitate workshops, resolve ambiguity, surface decisions and trade-offs, and drive alignment among stakeholders with different priorities and levels of technical knowledge.
· Prepare concise analysis, status reporting, decision materials, and presentations for working teams, senior management, and governance forums.
· Communicate complex regulatory, risk, data, and technology concepts clearly to both technical and non-technical audiences, and influence outcomes without relying on direct authority.
Job Requirements
Required experience and capabilities
· 8+ years of relevant experience in business systems analysis, regulatory reporting, risk technology, data analysis, or technology delivery within Capital Markets or Financial Services.
· Demonstrated ability to lead a complex workstream and independently manage requirements, analysis, testing, dependencies, risks, and stakeholder alignment.
· Strong understanding of market risk concepts, measures, data, and reporting processes, including practical knowledge of VaR, sensitivities/Greeks, P&L attribution, limits, positions, or transaction data.
· Hands-on experience with Volcker regulatory reporting, Volcker metrics, trading-desk reporting, or closely related regulatory risk reporting.
· Proven experience producing high-quality business, data, functional, non-functional, control, and operational requirements and maintaining end-to-end traceability.
· Strong data-analysis and problem-solving skills, including hands-on SQL and Excel experience, data profiling, reconciliation, source-to-report analysis, and root-cause investigation.
· Extensive experience planning and supporting functional, integration, regression, business acceptance, and user acceptance testing, including defect analysis and evidence management.
· Working knowledge of the software delivery lifecycle, release management, production readiness, operational controls, and change governance.
· Excellent written and verbal communication skills, with the judgment and presence to work effectively with senior business, risk, compliance, and technology stakeholders.
· Ability to manage competing priorities, work independently, pay close attention to detail, and deliver high-quality results in a fast-paced environment.
Nice-to-have experience
· Python scripting for data analysis, reconciliation, automation, or test support.
· Practical experience using Microsoft Copilot or other approved generative AI tools to improve analysis, documentation, testing, or delivery workflows.
· Experience with JIRA, Confluence, APIs, file-based integrations, Linux/Unix environments, or modern data platforms.
· Knowledge of trade capture and risk platforms such as Calypso, Murex, or SOPHIS, and an understanding of downstream market risk or regulatory reporting flows.
· Experience with data governance, lineage, data-quality controls, platform modernization, cloud adoption, or legacy application decommissioning.
· Experience working in Agile, product-led, or hybrid delivery models.
Success in This Role
· Requirements and acceptance criteria are clear, testable, traceable, and understood by business and technology teams.
· Volcker reporting impacts, dependencies, data-quality risks, and control requirements are identified early and managed transparently.
· Testing is risk-based, evidence is complete, defects are resolved effectively, and releases are operationally ready.
· Stakeholders receive concise, timely information and decisions are driven to closure.
· The workstream continuously improves through stronger analysis practices, appropriate automation, and responsible use of modern productivity tools.
Nice to Have
· Strong technical aptitude and curiosity, with the ability to work effectively across business, data, and technology teams.
· Comfort using Python, Microsoft Copilot, and other approved technical tools where appropriate to automate repeatable tasks, streamline analysis, and improve delivery efficiency.
· Ability to identify opportunities to accelerate data validation, reconciliation, test-data preparation, evidence generation, and regression testing through practical automation.
· A continuous-improvement mindset and willingness to learn new tools, experiment responsibly, and apply technology to solve business problems without requiring deep software-development expertise.
Additional Information
· Champion quality, innovation, collaboration, accountability, and service to the business.
· Build trusted relationships across business, risk, compliance, operations, and technology teams.
· Share knowledge, mentor others, and contribute to continuous improvement across the BSA practice.
· Promote effective controls, sustainable solutions, and operational efficiency in all aspects of delivery.
Who We Are:
TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we strive to make every interaction, product and experience remarkably human and refreshingly simple. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank.
Together, we are reimagining what banking can be for our clients, colleagues and communities.
Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more
Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.
Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.
Colleague Development
If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.
If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.
We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.
Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.
Interview Process
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.
Accommodation
Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.
We look forward to hearing from you!
Language Requirement (Quebec only):
Sans Objet
