Senior Business Systems Analyst (Banking Modernization & AI)
--Downtown, Toronto--
Work Mode: Hybrid(4 days to office)
Employment Type: Contract
About the Role:
We are seeking a highly experienced Senior Business Systems Analyst (BSA) to support a large-scale Banking Modernization Program focused on transforming legacy banking platforms into modern, AI-enabled digital solutions.
The ideal candidate will possess strong Banking domain expertise, exceptional stakeholder management skills, and extensive experience working within Agile delivery environments. This role requires the ability to manage complex system dependencies, translate business needs into technical requirements, and coordinate delivery across multiple internal teams, vendors, and technology platforms.
Key Responsibilities:
Business Analysis & Requirements Management
* Collaborate with business stakeholders to understand strategic objectives and business requirements.
* Elicit, analyze, validate, and document functional and non-functional requirements.
* Break down large business initiatives into Epics, Features, User Stories, and Acceptance Criteria.
* Produce high-quality documentation including:
* Business Requirement Documents (BRDs)
* Functional Specifications
* Process Flows
* Data Flow Diagrams
* System Interaction Diagrams
* Dependency Maps
Banking Modernization:
* Support modernization initiatives involving legacy Core Banking platforms.
* Analyze existing business processes and identify modernization opportunities.
* Facilitate migration from legacy systems to modern digital banking platforms.
* Work closely with architecture and engineering teams to ensure solution alignment.
AI-Driven Delivery:
* Participate in AI-enabled solution lifecycle discussions.
* Identify opportunities to improve business processes through AI and automation.
* Support requirements for intelligent workflows, AI-assisted decision making, and modern banking capabilities.
Agile Delivery:
* Operate within fast-paced Agile teams utilizing:
* 2-week Sprint cycles
* Hyper Delivery model
* Continuous delivery practices
* Participate in:
* Sprint Planning
* Daily Stand-ups
* Backlog Grooming
* Sprint Reviews
* Retrospectives
* Maintain product backlog quality using Jira and Confluence.
Stakeholder & Vendor Management:
* Serve as the primary liaison between:
* Business stakeholders
* Technology teams
* Architecture
* QA
* External vendors
* Delivery leadership
* Coordinate multiple parallel workstreams.
* Facilitate workshops and solution discussions.
* Resolve conflicts across cross-functional teams.
* Drive timely decision-making and issue resolution.
Dependency & Impact Analysis:
* Perform end-to-end dependency mapping across multiple banking applications.
* Identify upstream and downstream impacts of proposed changes.
* Coordinate release dependencies across multiple delivery teams.
* Support risk identification and mitigation planning.
Legacy Systems Analysis:
* Analyze and document integrations involving:
* Core Banking Systems
* AS400 / IBM i environments
* Legacy applications
* Enterprise middleware
* Collaborate with technical teams to understand system interactions and modernization approaches.
Required Qualifications:
* 8+ years of Business Systems Analysis experience.
* Strong Banking or Financial Services domain experience.
* Experience supporting large Banking Modernization initiatives.
* Experience working with:
* Core Banking Systems
* AS400 / IBM i environments
* Strong experience in:
* Requirement Gathering
* Requirement Analysis
* Business Process Mapping
* Dependency Mapping
* Impact Analysis
* Extensive Agile experience within fast-paced delivery environments.
* Experience using:
* Jira
* Confluence
* Excellent stakeholder management and communication skills.
* Strong analytical and problem-solving abilities.
Preferred Qualifications:
* Experience working with AI-enabled banking solutions.
* Knowledge of Digital Banking transformation.
* Experience with enterprise integration projects.
* Experience working with multiple third-party vendors.
* Exposure to API-driven architectures.
* Knowledge of cloud modernization initiatives.
* Scrum certification or Agile certifications.
Technical Skills:
* Business Systems Analysis
* Banking Domain
* Core Banking Systems
* AS400 / IBM i
* Requirement Analysis
* User Stories
* Epics
* Agile Delivery
* Scrum
* Jira
* Confluence
* AI-enabled Solution Delivery
* Dependency Mapping
* Impact Analysis
* Process Mapping
* Conflict Resolution
* Vendor Coordination
* Stakeholder Management
* System Integration
* Digital Transformation
Key Competencies:
* Excellent communication and facilitation skills
* Strong leadership without authority
* Critical thinking and analytical mindset
* Ability to manage ambiguity and changing priorities
* Strong organizational and coordination skills
* Effective conflict resolution and negotiation abilities
* Ability to manage multiple systems, stakeholders, and concurrent initiatives
Why Join Us?
* Work on enterprise-scale Banking Modernization initiatives.
* Collaborate on AI-driven digital transformation projects.
* Engage with cross-functional teams and industry-leading technologies.
* Opportunity to drive business value through innovation, modernization, and Agile delivery.
* Be part of a high-performing team delivering complex, mission-critical banking solutions.