Description

Job Title: Business Systems Analyst (BSA) – Capital Markets

Company: Cogency

Location: Toronto

Work Model: 4 days onsite per week (Mandatory)

Experience: 5+ years (Banking / Capital Markets preferred)

Job Summary

Cogency is seeking a highly analytical and domain-strong Business Systems Analyst with deep Capital Markets expertise. The ideal candidate must demonstrate strong functional understanding of financial products, hands-on data analysis capabilities, and the ability to independently drive projects end-to-end across business and technology teams.

This role requires strong ownership, clarity of thought, and the ability to articulate the broader objectives of initiatives—not just task-level involvement.

Core Requirements (Must Have)

  • Strong knowledge of financial products, particularly within Capital Markets
  • Deep understanding of trade lifecycle, capital markets functions, and related data flows
  • Extremely hands-on SQL expertise with ability to analyze and interpret large volumes of data
  • Ability to independently drive projects end-to-end
  • Experience working directly with upstream business stakeholders and technical teams (including PMs, architects, and developers)
  • 5+ years of experience, preferably within banking or financial institutions

Strong understanding of Capital Markets products:

  • Equities
  • Fixed Income
  • Derivatives (Options, Futures, Swaps)
  • FX and Money Markets
  • In-depth knowledge of the trade lifecycle (Order → Execution → Clearing → Settlement)

Key Responsibilities

  • Gather, analyze, and document business and system requirements with clear understanding of overall business objectives
  • Perform deep data analysis using SQL to validate requirements, troubleshoot issues, and support reporting initiatives
  • Translate business requirements into detailed functional specifications and data mappings
  • Lead discussions across business and technology teams, ensuring alignment on scope and deliverables
  • Conduct impact analysis for system changes and enhancements
  • Support UAT, defect triage, and production issue resolution
  • Clearly articulate project objectives, scope, dependencies, and expected outcomes
  • Ensure deliverables align with regulatory and operational requirements

Preferred / Nice to Have

  • Experience in regulatory reporting or risk reporting
  • Exposure to reporting frameworks within Capital Markets
  • Familiarity with Agile delivery environments

Ideal Candidate Profile

  • Demonstrates strong functional depth in Capital Markets (not UI/portal-focused roles)
  • Understands the “big picture” of projects and can clearly explain business drivers and outcomes
  • Comfortable working with large datasets and identifying data discrepancies
  • Confident communicator who can challenge stakeholders where needed
  • Strong ownership mindset and accountability