Sr. Business Analyst – Banking & Credit Risk | Consulting

Sr. Business Analyst – Banking & Credit Risk | Cognizant Consulting

Location:
Toronto, ON

Job Type: Full-Time | Consulting Track

Work Mode:
Hybrid (4 days/week in downtown Toronto office)

Cognizant is a global leader in professional services, helping clients modernize technology, reimagine processes, and transform experiences. Our Consulting practice delivers strategic and domain expertise through industry-aligned solutions, enabling clients to achieve operational excellence and business agility.

Cognizant Consulting is a high-performing global team of over 6,000 consultants. We offer services across Business Strategy, IT Roadmaps, Process Re-engineering, Enterprise Architecture, and Domain Solutions. Our consultants are recognized by analysts such as Forrester and Gartner for delivering measurable impact.

We are seeking a Senior Business Analyst to join our Banking & Financial Services Consulting team. This role focuses on credit risk, retail banking, and data-driven decision-making, with a strong emphasis on SQL-based analytics and regulatory compliance.

You will lead requirements gathering, stakeholder engagement, and solution design for initiatives involving credit risk modelling, data integration, and reporting automation. The ideal candidate will have experience in banking environments, particularly in credit risk, lending, or special asset management, and will be comfortable working in Agile/Dev Ops settings.

• Translate business requirements into functional and technical specifications aligned with enterprise architecture.
• Lead workshops and stakeholder interviews to elicit requirements and define business processes.
• Perform data gap analysis and contribute to data model refinement for credit risk reporting.
• Develop SQL queries and scripts to support data validation, transformation, and reporting.
• Collaborate with development and QA teams to ensure accurate implementation and testing.
• Support UAT planning, execution, and production rollout.
• Contribute to process improvement and automation initiatives.
• Maintain documentation including BRDs, RTMs, and user guides.

As a Consulting Manager, you will contribute across Cognizant’s Five Pillars of Consulting Excellence:

• Project Execution – Lead client engagements and manage delivery.
• Expertise – Maintain domain knowledge in banking and credit risk.
• Business Development – Support proposal creation and client presentations.
• Practice Development – Develop reusable assets and service offerings.
• People Development – Mentor junior consultants and contribute to recruiting.

• 8+ years of experience in business analysis within banking or financial services.
• Strong understanding of credit risk, lending, and regulatory frameworks (e.g., Basel IV, SA-CCR).
• Advanced SQL skills for data analysis and reporting.
• Experience with data modelling and ETL processes.
• Familiarity with Agile, Dev Ops, and SCRUM methodologies.
• Excellent communication and stakeholder management skills.
• Experience with tools like Power BI, Thought Spot, or similar is a plus.
• Experience in Capital Markets and understanding of asset classes is an asset.

We believe hybrid work is the way forward as we strive to provide flexibility wherever possible. Based on this role’s business requirements, this is a hybrid position requiring 4 days a week in a client or Cognizant office in Downtown, Toronto, Canada. Regardless of your working arrangement, we are here to support a healthy work-life balance through our various wellbeing programs.

The working arrangements for this role are accurate as of the date of posting. This may change based on the project you’re engaged in, as well as business and client requirements. Rest assured; we will always be clear about role expectations.

• $87,000-$102,000 CAD
• This position is eligible for Cognizant’s discretionary annual incentive program, based on performance and subject to the terms of Cognizant’s applicable plans.

Include applicable items based on the eligibility of the role.

• Medical, dental, vision and life insurance
• RRSP plan and contributions
• Employee stock purchase plan
• Employee assistance program
• 10 paid holidays plus PTO
• Paid parental leave and fertility assistance
• Learning and development certifications and programs

Applicants must be legally authorized to work in Canada without sponsorship.