Information Technology - Toronto

Our Client in the Banking and Finance Industry is seeking a Junior Business Analyst for their Downtown Toronto office. This is a 12 months contract to start, possible extension.
Under the direction of the Manager, Analytics & Governance, the role of Analyst, Collateral Management Group (CMG) Governance will primarily be responsible for assisting CMG Management with functions and adherence associated with Internal Controls and Governance oversight as identified in the business unit’s Management Control Assessment (MCA) Template. The role will be responsible to identify, record and maintain all evidence and materials to ensure successful reviews by the Independent Controls Group and Corporate Audit. The role will also ensure Manager’s Check Lists are continually updated and that tracking of operational exceptions, manual entries & processes, services for non-Capital Markets businesses remains current and will assist the Associate Director, Analytics & Governance with the independent testing of operational processes carried out by the margining teams.

This is a culture that is a combination of collaborative and heads down. The group faces a lot of changes for regulations (systems processes etc.) and as a result flexibility is required as it is very dynamic.

EVP (Employee Value proposition):
This is an opportunity to learn regulations/controls and an opportunity to acquire new skills. Additionally, as this is an ongoing operational need, there is an opportunity for conversion to FTE.

RESPONSIBILITIES INCLUDE (but are not limited to):
Junior level role:
• The candidate needs to help the HM to prepare for external/internal audit.
• They need to make sure the appropriate controls are in place.
• They will help collect data samples and  test that data to make sure the appropriate procedures were followed during yearend review
• They will make sure internally employee are following

Governance (50%)
Primary responsibilities related to governance include:
• Creating and maintaining the directory hierarchy, which will correspond to CMG’s Management Control Assessment (MCA) Template,
• Assist management with obtaining and properly storing all the necessary evidence required and described with the MCA Template on the frequency stipulated,
• Become familiar and read any enterprise-wide policies that have an impact on CMG (i.e. Records Retention, Reconciliations, etc.) and provide a brief overview and facilitate discussion at the bi-weekly CMG team meetings,
• Work with management and assist with creating and/or sourcing all necessary documentation required for annual reviews by the Independent Controls Group and bi-annual Corporate Audit,
• Perform reviews of assigned documents such as the CMG’s organization chart, inventory of accounts and BMAs, etc.,
• Assist with gathering documentation and evidence for the quarterly Basel Pillar I deliverables to the BCAR Group,
• Assist Associate Directors with documentation of semi-annual process testing exercises associated with the OTC and Repo margining team and the Portfolio Reconciliation Team, in accordance with Basel requirements,
• Attend the bi-weekly Basel Governance meeting, with the Associate Director, held by the BCAR Group,
• Assist with formulating responses, gathering documentation and collecting evidence associated with the annual Basel Pillar I Self-Assessment Process (SAP) in order to facilitate the Bank’s CRO annual certification to OSFI,
• Assist with other Governance matters as warranted and directed by the Associate Director.

 Internal Controls (40%)
 Primary responsibilities related to internal controls include:
• Assist management with the tracking, maintenance and coordination of CMG’s internal check lists, which includes details on standard deliverables, tasks and reports,
• Maintain and ensure the accuracy of the Non-Standards tracking spreadsheet, which includes non-standard and manual entries and any exceptions that CMG is required to track, such as services provided to non- Capital Markets’ business units (i.e. Corporate Treasury),
• Assist with CMG’s operational gap analysis against Best Practice Guidance issued by ISDA or other relevant Industry Associations,
• Assist Associate Director with closing of dormant counterparty side-book accounts,
• Assist with maintaining a check list for new hires and dehires to assist management,
• Assist with orientation of new hires, specifically providing necessary documentation in accordance with the new hires’ check list and new hire access to systems and networks and training materials as required,
• Assist with ordering of computers or other electronic devices as relevant,
• Provide for any coordination and documentation associated with CMG’s Business Continuity Plan (BCP) processes or deliverables, such as the call tree, off-site testing, walking new employees to the alternative BCP site, etc.,
• Perform a monthly reconciliation between all ISDA/CSAs in the Calypso Collateral Management Module
• (CCMM) against the ISDA Master List provided by the Derivatives Legal Group (DLG), and track any reconciling items through to completion,
• Facilitate the management of CMG’s off-site document storage requirements with Iron Mountain.
• Ad Hoc Work Assistance (10%)
• Primary responsibilities related to ad-hoc assistance include:
• Provide back-up or assistance to margining team as required, especially during absences due to vacations or illness,
• Assist with ad-hoc deliverables or special projects as directed by Associate Director.
• 1 to 3 years of experience within a big 4 accounting firm (No CPA, CA or CFA. They should be working towards that designation).
• Intermediate level for MS Excel, Word, PowerPoint
• Ability to question status quo and actively participate in team meetings and discussions
• Proving analytical skills
• This manager wants someone who is willing to learn on their own and take initiative of each project.
• They must be able to work with senior level leadership and hold them accountable.

• Experience in Capital Markets
• Governance, audit background or familiarity with internal controls is preferred

• Meticulous organizational capabilities and detailed-oriented
• Strong written and verbal communication skills
• Detail oriented
• Team player
• Extroverted personality

• University degree or college diploma in accounting, finance or a related discipline, or equivalent work experience
• 2nd level CPA, CGA, CMA or 1st level CFA or equivalent – this is a very nice to have

To Apply, Please send your resume to:

Position Type Contract
Application Deadline June 8, 2018
Experience Required 3 years
Job Duration 1 year
Education Required Bachelors