IT Business Lead Analyst Job at Citi (Mississauga)

Job Description

We are seeking a highly motivated and experienced Business Analyst at the Vice President (C13) level to join our OTC Derivatives Settlements team in Mississauga, Canada. This is a critical role that bridges business strategy and technology delivery within a fast-paced, high-volume derivatives environment. The ideal candidate is a self-starter who thrives in collaborative settings and brings deep domain expertise, sharp analytical thinking, and outstanding interpersonal skills to the table. We are currently undergoing significant transformation efforts to move to a target operating model. We need an energetic team player to drive this effort, collaborate closely with the team, and help shape the future of our OTC Derivatives Settlements operations.

Job Responsibility

Serve as the primary business analyst for OTC Derivatives Settlements, translating complex business requirements into clear, actionable functional specifications
Partner with front office, operations, technology, and risk teams to analyze settlement workflows, identify gaps, and drive process improvements
Lead requirements gathering sessions, workshops, and stakeholder interviews to capture end-to-end business needs
Develop detailed business requirements documents (BRDs), functional specifications, user stories, and process flow diagrams
Analyze trade lifecycle events across OTC derivative products (Interest Rate Swaps, Credit Default Swaps, FX Derivatives, Equity Derivatives, etc.) to support settlement accuracy and efficiency
Proactively identify operational risks, data quality issues, and system gaps
propose and champion solutions
Collaborate with QA teams to define acceptance criteria and support UAT execution and sign-off
Track project milestones, manage deliverables, and communicate progress clearly to senior stakeholders
Act as a subject matter expert (SME) for OTC settlement processes, industry standards (ISDA, DTCC, MarkitWire), and regulatory requirements

Requirements

Deep expertise in OTC Derivatives products and their full trade lifecycle, with a strong focus on settlements (cash settlement, physical settlement, netting, fails management)
Solid understanding of industry infrastructure: DTCC/DTCC Deriv/SERV, MarkitWire, SWIFT, and related platforms
Familiarity with regulatory frameworks impacting OTC derivatives (Dodd-Frank, EMIR, Basel III)
Exceptional ability to analyze large, complex datasets and translate findings into actionable business insights
Proficiency in data analysis tools (Excel, SQL, or equivalent)
experience with BI tools (Tableau, Power BI) is a plus
Strong root-cause analysis and problem-solving capabilities in high-pressure, time-sensitive environments
Outstanding written and verbal communication skills with the ability to present complex concepts clearly to both technical and non-technical audiences
Personable, approachable, and skilled at building trusted relationships across all levels of the organization
Proven ability to facilitate cross-functional discussions and drive consensus among diverse stakeholder groups
Self-driven and proactive — able to independently manage priorities and deliver results with minimal supervision
Strong team player who fosters a collaborative, inclusive, and high-performance team culture
Experience mentoring junior analysts and contributing to team capability development
Education - Bachelor's degree in Finance, Business, Economics, Computer Science, or related field
MBA or CFA designation is an asset
Experience - 6-10 years in financial services, with at least 5 years focused on OTC Derivatives in a Business Analyst or related capacity
Experience working in an Agile/Scrum delivery environment
Familiarity with project management methodologies (PMP, Prince2) is advantageous

Nice to have

Experience with BI tools (Tableau, Power BI)
MBA or CFA designation
Familiarity with project management methodologies (PMP, Prince2)

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IT Business Lead Analyst

Job Description

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