Scotiabank

Business Analyst

Scotiabank$80K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in payment processing and reconciliation
  • Solid understanding of the payment processing lifecycle
  • Proficiency in business process mapping and requirements gathering
  • Effective communicator with both technical and business stakeholders
  • Experience with SWIFT payment flows and ISO 20022 standards
  • Ability to manage multiple priorities in a fast-paced environment
  • Experience in Agile project methodology

Responsibilities

  • Lead analysis and documentation of business requirements
  • Collaborate with stakeholders and technology teams for end-to-end solutions
  • Translate complex business needs into clear functional requirements
  • Facilitate workshops to gather and analyze requirements
  • Contribute to design and optimization of payment processes
  • Perform gap analysis and support project management activities
  • Monitor post-implementation performance and mentor team members

Benefits

  • Opportunities for upskilling through online courses and tuition assistance
  • Competitive rewards program with flexible vacation and personal days
  • Immediate access to benefits on day one
  • Community engagement opportunities across various programs
  • Work in a dynamic environment with exposure to a variety of technologies
Full Job Description
Requisition ID: 263742

The Role

We are looking for an enthusiastic individual who understands the end-to-end lifecycle of international payments and can collaborate effectively with banks, fintech partners, and internal technology teams also to innovate and collaborate on the value-driven goals in delivering customer value. You will engage in a fast-paced and challenging environment, with opportunities to build new relationships and learn how you can make an impact in the competitive, trillion-dollar, Payments industry. You will be exposed to a wide range of businesses both internally and externally, then leveraging Scotiabank's strong technology base, build and develop on strategic, forward-looking infrastructure.

What You'll Do:

Day-to-Day
  • Lead the analysis, documentation, and validation of business requirements ensuring all the decisions and requirements changes are properly captured
  • Collaborate with business stakeholders and technology teams across the bank as well as external partners to deliver the end-to-end solution
  • Translate complex business needs into clear and concise functional requirements and user stories
  • Facilitate workshops and working sessions with cross-functional teams to gather and analyze requirements
  • Contribute to design and optimization of payment processes, ensuring compliance with industry standards and regulatory requirements
  • Support scrum master and project manager in planning, scoping, and impact analysis for initiatives
  • Perform gap analysis, root cause assessments, and release readiness reviews for payment system enhancements or upgrades
  • Act as a subject matter expert (SME) for payment-related projects and operational improvements as well as SWIFT connectivity.
  • Monitor post-implementation performance and incident resolution
  • Must be able to work within tight deadlines and schedules which may result in extended working hours during peak time to meet project deliverables
  • Mentor and coach less experienced team members
  • Support various portfolio initiatives where possible
  • Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge
  • Champion a high-performance environment and contributes to an inclusive work environment
  • Experience and willingness to execute various test cycles


What You'll Bring:
  • Manage and support SWIFT payment flows (MT and MX formats)
  • Experience with ISO 20022 standards.
  • Solid understanding of payment processing lifecycle and reconciliation processes.
  • Experience working with banks, fintechs, or financial institutions.
  • Strong expertise in business process mapping, requirements gathering & documenting and system analysis
  • Core analytical and problem-solving abilities with keen attention to detail
  • Ability to communicate effectively with both technical and business stakeholders, translating complex information into clear insights
  • Ability to conduct gap analysis on different payment standards
  • Strong ability to build and maintain relationships with stakeholders across the bank
  • Ability to quickly adapt and manage multiple priorities in a fast-paced, dynamic environment
  • Ability to proactively identify project risks and contribute to overall project health and success
  • Proficiency in using Jira / Confluence/ MS Office
  • Payments Domain Knowledge in SWIFT, Fedwire and ISO 20022 is an asset
  • Experience working in Agile project methodology
  • Professional English proficiency (written and spoken).

Nice to have:
  • Knowledge of SQL.
  • Experience working with databases.
  • Experience building dashboards or reports using Power BI.
  • Experience with APIs (REST/SOAP) and XML message structures.
  • Previous participation in large-scale payment transformation projects.


What's in it for you?
  • You'll join a team focused on building cloud platforms as products, enabling delivery teams across the enterprise rather than acting as a centralized gatekeeper or operating within a narrow delivery focus. This role offers exposure to a wide range of technologies, problem domains, and stakeholders.


  • Upskilling through online courses, cross-functional development opportunities, and tuition assistance.
  • Competitive Rewards program including bonus, flexible vacation, personal, sick days, and benefits will start on day one.
  • Community Engagement - no matter where you choose to work from; we offer opportunities for community engagement & belonging with our various programs.


Location(s): Canada : Ontario : Toronto

Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
5 Year Trend
+7%
NASDAQ

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