We are At Synechron, we believe in the power of digital to transform businesses for the better. Our global consulting firm combines creativity and innovative technology to deliver industry-leading digital solutions. Synechron’s progressive technologies and optimization strategies span end-to-end Artificial Intelligence, Consulting, Digital, Cloud & DevOps, Data, and Software Engineering, servicing an array of noteworthy financial services and technology firms. Through research and development initiatives in our FinLabs we develop solutions for modernization, from Artificial Intelligence and Blockchain to Data Science models, Digital Underwriting, mobile-first applications and more. Over the last 20+ years, our company has been honored with multiple employer awards, recognizing our commitment to our talented teams. With top clients to boast about, Synechron has a global workforce of 14,500+, and has 58 offices in 21 countries within key global markets.

Our challenge We are seeking a detail-oriented and experienced Market Risk Business Analyst to join our risk IT team. The challenge for a Market Risk Business Analyst is to effectively translate complex risk requirements into scalable solutions while ensuring data accuracy, regulatory compliance, and stakeholder alignment in a fast-paced environment. They must bridge risk and IT teams to deliver resilient, impactful risk systems.

Additional Information*

The base salary for this position will vary based on geography and other factors. In accordance with law, the base salary for this role if filled within Mississauga, ON is CAD $100k – CAD $105k/year & benefits (see below).

The Role Responsibilities:

• Work closely with market risk teams to understand and analyze market risk metrics, including VaR, stress testing, sensitivity analysis, time series and other risk measures.
• Collaborate with stakeholders to gather, document, and validate business requirements for risk system enhancements and new product implementations.
• Translate business needs into detailed functional specifications for IT and development teams.
• Partner with IT teams to design, test, and implement market risk solutions, including system upgrades and new tools.
• Validate system outputs, ensuring alignment with business expectations and regulatory requirements.
• Propose additional system process controls and data quality controls to keep improving the system resiliency and data integrity.
• Serve as a key liaison between risk management, IT, PM and FO teams to ensure alignment and effective communication.

Requirements:

• Bachelor’s degree in Finance, Economics.
• Advanced certifications such as FRM (Financial Risk Manager), CFA (Chartered Financial Analyst), or PRM (Professional Risk Manager) are desirable.
• 1 to 5 years of experience in market risk, IT business analysis, model validation or a related field within the corporate & investment banking industry.
• Proven experience in working with various risk systems.
• Strong understanding of financial instruments, including derivatives in fixed income, currencies, equities, and exotic products.
• Proficiency in risk modeling, stress testing, and scenario analysis techniques.
• SQL is preferred, but not required.
• Exceptional analytical and problem-solving skills with attention to details.
• Strong communication and interpersonal skills to effectively collaborate with stakeholders at all levels: risk users, PM/scrum master, IT risk developers
• Team player who promotes knowledge sharing with team members in various forms such as the confluence pages, training sessions, etc.
• Demonstrated self-organizing capabilities, including multitasking and prioritization in complex environments.

Preferred, but not required:

• Detail-oriented, ability to turn deliverables around quickly with a high degree of accuracy.
• Strong analytical skills, ability to interpret business requirements and produce functional and technical design documents.
• Good time management skills – Ability to prioritize and multi-task, handling multiple efforts at once.
• Strong desire to understand and learn domain.
• Experience in a financial services/banking industry.
• Ability to work in a fast-paced environment; to be flexible and learn quickly.
• Ability to multi-task with attention to detail/ prioritize tasks.

We offer:

• A multinational organization with 58 offices in 21 countries and the possibility to work abroad.
• 15 days (3 weeks) of paid annual leave plus an additional 10 days of personal leave (floating days and sick days).
• A comprehensive insurance plan including medical, dental, vision, life insurance, and long-term disability.
• Flexible hybrid policy.
• RRSP with employer’s contribution up to 4%.
• A higher education certification policy.
• On-demand Udemy for Business for all Synechron employees with free access to more than 5000 curated courses.
• Coaching opportunities with experienced colleagues from our Financial Innovation Labs (FinLabs) and Center of Excellences (CoE) groups.
• Cutting edge projects at the world’s leading tier-one banks, financial institutions and insurance firms.
• A truly diverse, fun-loving and global work culture.

S YNECHRON’S DIVERSITY & INCLUSION STATEMENT Diversity & Inclusion are fundamental to our culture, and Synechron is proud to be an equal opportunity workplace and is an affirmative action employer. Our Diversity, Equity, and Inclusion (DEI) initiative ‘Same Difference’ is committed to fostering an inclusive culture – promoting equality, diversity and an environment that is respectful to all. We strongly believe that a diverse workforce helps build stronger, successful businesses as a global company. We encourage applicants from across diverse backgrounds, race, ethnicities, religion, age, marital status, gender, sexual orientations, or disabilities to apply. We empower our global workforce by offering flexible workplace arrangements, mentoring, internal mobility, learning and development programs, and more.

All employment decisions at Synechron are based on business needs, job requirements and individual qualifications, without regard to the applicant’s gender, gender identity, sexual orientation, race, ethnicity, disabled or veteran status, or any other characteristic protected by law.

Candidate Application Notice