IT Business Analyst, Banking - Credit & Risk Management

IT Business Analyst, Banking - Credit & Risk Management:

On behalf of our Banking client, Procom is searching for an IT Business Analyst, Banking - Credit & Risk Management for an approximately 6-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 - Job Description:

The IT Business Analyst will be involved in the PLM (Problem Loan Management) project, a strategic initiative aimed at replacing legacy systems for credit loss and default calculations. This project focuses on standardizing data, automating workflows, and enhancing reporting for regulatory compliance and operational efficiency, with an emphasis on scalability and improved user experience.

IT Business Analyst, Banking - Credit & Risk Management - 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 - Mandatory Skills:

• 7+ years of experience as an IT Business Analyst in complex delivery environments.

• Strong experience gathering, analyzing, and documenting business requirements and user stories.

• 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.

IT Business Analyst, Banking - Credit & Risk Management - Nice-to-Have Skills:

• Working experience in the banking/financial services industry.

• Knowledge of credit and risk management applications.

• Experience supporting large transformation or system replacement initiatives.

IT Business Analyst, Banking - Credit & Risk Management - Assignment Length:

The contract duration is from ASAP to October 31, 2026, with the possibility of extension and conversion to FTE.

IT Business Analyst, Banking - Credit & Risk Management - Start Date:

ASAP.

IT Business Analyst, Banking - Credit & Risk Management - Assignment Location:

Toronto, Ontario, Canada. This is a hybrid position requiring 3-4 days onsite based on business needs.