IT Business Analyst, Banking – Credit & Risk Management Applications

Job Description

IT Business Analyst, Banking – Credit & Risk Management Applications:
On behalf of our Banking client, Procom is searching for an IT Business Analyst, Banking – Credit & Risk Management Applications for a 4.5-month role. This position is a hybrid position with 3–4 days onsite at our client’s Toronto office. 

IT Business Analyst, Banking – Credit & Risk Management Applications - Job Description:
The PLM (Problem Loan Management) project is a strategic initiative to replace legacy systems for credit loss and default calculations, aiming to standardize data, automate workflows, and enhance reporting for regulatory compliance and operational efficiency. This Business Systems Analyst (BSA) will support the project through requirements gathering, solution analysis, and documentation.

IT Business Analyst, Banking – Credit & Risk Management Applications - Responsibilities:
• Elicit, analyze, and document functional, non-functional, operational, and transitional requirements.
• Create business process models, workflows, and functional specifications (AS-IS / TO-BE).
• Perform gap analysis between current and future-state capabilities and recommend solutions.
• Collaborate with business users, developers, QA, and project managers to ensure requirement clarity and alignment.
• Support solution design by translating business needs into actionable specifications.
• Coordinate and support Integration System Testing (IST), QA, and User Acceptance Testing (UAT).
• Track defects, risks, issues, and support governance and project reporting.
• Support change management, training documentation, and transition to production and BAU teams.

IT Business Analyst, Banking – Credit & Risk Management Applications - Mandatory Skills:
• 5+ years of experience as an IT Business Analyst in complex delivery environments.
• Extensive experience gathering, analyzing, documenting, and managing business and system requirements.
• Proven ability to create process maps, workflows, and functional specifications.
• Strong stakeholder management and communication skills bridging business and technical teams.
• Experience working within Agile environments and understanding SDLC phases.
• Working experience in the banking/financial services industry would be an asset.
• Knowledge of credit and risk management applications.

IT Business Analyst, Banking – Credit & Risk Management Applications – Nice-to-Have Skills:
• Experience supporting large transformation or system replacement initiatives.

IT Business Analyst, Banking – Credit & Risk Management Applications – Assignment Length:
This is a 4.5-month contract with the possibility of extension and conversion to FTE.

IT Business Analyst, Banking – Credit & Risk Management Applications - Start Date:
ASAP.

IT Business Analyst, Banking – Credit & Risk Management Applications - Assignment Location:
Toronto, Ontario, Canada. This is a hybrid position with 3–4 days in the office based on business needs.

This employer uses both human and technology-assisted tools to support candidate screening and assessment. Final hiring decisions are made by people.