Senior Business Analyst – Regulatory Reporting (OFSAA)
Location: Toronto, ON, Canada
Work Model: Hybrid (3 days per week onsite in Toronto)
About Cognizant Consulting
Cognizant Consulting is more than Cognizant’s consulting practice—we’re a global community of experts helping organizations reimagine their business in a digital-first world. We bring deep industry expertise and technology advisory capabilities together to deliver meaningful transformation for our clients across financial services and beyond.
About the Role
As a Senior Business Analyst, you will play a critical role in advising banking and financial services clients on regulatory reporting and financial data transformation initiatives. You will work closely with client stakeholders, technology teams, and regulatory experts to analyze complex business processes, translate regulatory requirements into functional outcomes, and support large‑scale implementations using Oracle Financial Services Analytical Applications (OFSAA).
This role is well‑suited for a consulting professional with strong regulatory domain knowledge, hands‑on OFSAA experience, and the ability to operate confidently in client‑facing, delivery‑focused environments.
In This Role, You Will
- Analyze and translate complex business and regulatory requirements into clear functional specifications for technology and delivery teams.
- Work extensively within the OSFI regulatory reporting landscape, including Regulatory Reporting, GL Reconciliation, and DGS.
- Leverage OFSAA to analyze financial data and deliver actionable business and regulatory insights.
- Support implementation initiatives across OFSAA modules including OFSI, FSDF, CAP, and GL Recon, with a strong focus on Basel III and Large Exposure Framework requirements.
- Apply strong data lineage and Source‑to‑Target Mapping (STTM) expertise, with a solid understanding of accounting processes and accounting events to support regulatory outcomes.
- Conduct end‑to‑end business analysis to identify optimization opportunities, gaps, risks, and process improvements.
- Collaborate with client stakeholders to gather, document, validate, and prioritize business requirements.
- Develop and contribute to business plans, solution roadmaps, and delivery artefacts aligned to client objectives.
- Apply structured work models (such as CRAFT) to streamline processes and enhance operational efficiency.
- Produce high‑quality reports, dashboards, and presentations to clearly communicate findings, risks, and recommendations to senior stakeholders.
- Partner with cross‑functional teams to ensure alignment, delivery quality, and successful project outcomes.
- Monitor solution effectiveness post‑implementation and recommend continuous improvement actions.
- Support knowledge sharing, coaching, and best‑practice adoption across business analysis teams.
- Ensure compliance with regulatory standards and proactively identify and mitigate process and data risks.
- Stay current on industry trends, regulatory changes, and advancements in financial and regulatory technologies.
Work Model
We believe hybrid work is the way forward, offering flexibility while enabling strong client and team collaboration.
Based on this role’s business requirements, this position follows a hybrid work model, requiring 3 days per week onsite in Toronto, ON.
The working arrangements for this role are accurate as of the date of posting and may evolve based on client, project, or business needs. We will always be clear about role expectations.
What You Must Have to Be Considered
- 6-8 years of experience in Business Analysis within banking or financial services consulting environments.
- Strong hands‑on experience with OFSAA, including OFSI, FSDF, CAP, and GL Recon modules.
- Proven expertise in OSFI regulatory reporting, including Basel III and Large Exposure Framework requirements.
- Solid understanding of data lineage, STTM, and financial data architecture.
- Working knowledge of accounting processes and accounting events supporting regulatory reporting.
- Demonstrated experience translating regulatory and business requirements into functional solutions.
- Strong stakeholder management, communication, and documentation skills.
- Experience working in hybrid, client‑facing consulting delivery models.
These Will Help You Succeed
- Prior consulting experience with Tier‑1 banks or large financial institutions in Canada.
- Exposure to regulatory transformation or finance modernization programs.
- Familiarity with structured delivery and process improvement methodologies.
- Strong presentation skills with the ability to influence senior stakeholders.
Compensation (Pay Transparency Statement)
In accordance with applicable pay transparency legislation, the annual salary range for this role is CAD $95,000 – $115,000, depending on experience, skills, and qualifications. This position may also be eligible for Cognizant’s discretionary incentive programs
Benefits
Cognizant offers a comprehensive benefits package designed to support your wellbeing and professional growth, including health and wellness benefits, paid time off, retirement savings plans, learning and development opportunities, and wellbeing programs.
Post‑Closing Date
This job posting will remain open until 31 May 2026.
About us
Cognizant (Nasdaq: CTSH) is an AI Builder and technology services provider, building the bridge between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process and engineering expertise enables us to build an organization’s unique context into technology systems that amplify human potential, realize tangible returns and keep global enterprises ahead in a fast-changing world. See how at www.cognizant.com or @cognizant.
Additional employment information
Compensation information is accurate as of the date of this posting. Cognizant reserves the right to modify this information at any time, subject to applicable law.
Applicants may be required to attend interviews in person or by video conference. In addition, candidates may be required to present their current state or government issued ID during each interview.
Cognizant is an equal opportunity employer. Your application and candidacy will not be considered based on race, color, sex, religion, creed, sexual orientation, gender identity, national origin, disability, genetic information, pregnancy, veteran status or any other characteristic protected by federal, state or local laws.
If you have a disability that requires reasonable accommodation to search for a job opening or submit an application, please email [email protected] for roles based in the Americas or [email protected] for roles based in India.
