Job Summary

This role will be responsible for managing critical initiatives and requirement finalizations for projects/priorities tied to AML and Financial Crime domain.
The Business Systems Analyst (BSA) for the Anti-Money Laundering (AML) IT group will conduct functional reviews with stakeholders, gather requirements, document business requirements and create process maps of current and future state. The BSA will assess and analyze business needs to resolve issues, and will contribute to successful project completion by assessing and identifying risks and developing recommendations. The BSA may present recommended business solutions that meet sponsor/stakeholder needs. Significant independent judgment is required with minimal direction. Project scope will include medium to large scale projects/ programs with several technologies and/or third parties.

Job Description

We are seeking a Business Systems Analyst with expertise in payments modernization and cross-border/international money transfers to support the analysis, design, and delivery of critical initiatives. The ideal candidate will have strong experience eliciting and documenting business and technical requirements within the financial services sector, ensuring alignment with industry standards and regulations. 

What will you do? 

Collaborate with business and technology teams to analyze and document requirements for payments modernization and cross-border money transfer initiatives. 

Conduct gap analysis of current payment systems against project objectives and industry standards (e.g., ISO 20022). 

Develop detailed business and technical requirement documents, use cases, and process flows. 

Work closely with project managers, developers, and QA teams to ensure successful implementation of solutions. 

Act as a liaison between stakeholders to gather feedback, resolve issues, and align priorities. 

Ensure compliance with international payment regulations and industry best practices. 

Support testing efforts by defining test cases, validating outcomes, and facilitating user acceptance testing (UAT). 

Create and maintain project artifacts, including user stories, functional specifications, and workflow diagrams. 

What will you need?

Must Haves:  

5+ years of experience as a Business Systems Analyst in financial services, with a focus on payments and/or money transfer projects. 

Strong understanding of payments modernization initiatives, including real-time payments, digital payment ecosystems, and related technologies. 

Experience with cross-border and international payment systems, including SWIFT and other payment networks. 

Proficiency in creating detailed documentation, including functional specifications, process flows, and use cases. 

Knowledge of ISO 20022 messaging standards and its implications for payment systems. 

Hands-on experience with tools such as JIRA, Confluence, Visio, or equivalent. 

Nice to Have: 

Experience with payment infrastructure modernization projects within Canada or other major markets. 

Knowledge of compliance and risk considerations for cross-border payments (e.g., anti-money laundering, KYC). 

CBAP or equivalent business analysis certification. 

What is in it for you?

We thrive on the challenge to be our best - progressive thinking to keep growing and working together to deliver trusted advice to help our clients thrive and communities prosper.  We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation

Leaders who support your development through coaching and managing opportunities

Opportunities to work with the best in the field

Ability to make a difference and lasting impact

Work in a dynamic, collaborative, progressive, and high-performing team

#LI-TECHPJ

#LI-POST

#LI-SP

Job Skills

Agile Methodology, Business Data Analysis, Business Process Modeling, Commercial Acumen, Communication, Critical Thinking, Decision Making, Group Problem Solving, Interpersonal Relationship Management, Requirements Analysis

Additional Job Details

Address:

RBC CENTRE, 155 WELLINGTON ST W:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

TECHNOLOGY AND OPERATIONS

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-11-28

Application Deadline:

2025-01-31

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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