Business Analyst SME

Job Description

Job Description What is the opportunity? Are you a talented, creative and results-driven professional who thrives on delivering high-performing applications? Come join us! Global Functions Technology (GFT) is part of RBC’s Technology and Operations division. GFT’s impact is far-reaching as we collaborate with partners from across the company to deliver innovative and transformative IT solutions. Our clients represent Risk, Finance, HR, CAO, Audit, Legal, Compliance, Financial Crime, Capital Markets, Personal and Commercial Banking and Wealth Management. We also lead the development of digital tools and platforms to enhance collaboration. The opportunity available is working as an AD, Business Analyst within the RISE team on a multi-year Insurance transformation program, to enhance IFRS17 accounting results and improve the financial close process. RISE is the strategic SubLedger and Calculation Engine for RBC’s Insurance Business built on the Aptitude vendor products: Accounting Hub and Insurance Calculation Engine. RISE sources data from the Enterprise Data Lake (Finance & Insurance) and other golden source reference data applications and performs calculations to align with IFRS17 standards, providing accounting and subledger functions, including allocations, to support our business users with their monthly financial reporting, business review, and performance analysis. The business analyst SME will be focused on the complexities of IFRS17 calculations and methodologies within the calculation engine along with accounting rules and subledger functions and will contribute to enhancements and evolution of design. The selected candidate will work closely with clients in the Actuarial, Insurance Finance and Insurance IT teams, leading requirements sessions and design conversations, documenting the business rules/mappings and defining solutions that enhance RISE while minimizing impact and risk on existing application functionality. This position involves interaction at all levels within the organization, from technical personnel to high level management, meaning exceptional communication skills are a must for this role. Given the specialist nature of the applications, the stakeholders and subject matter expertise required, this role also requires a candidate who is comfortable working in high pressure environments. What will you do? Lead requirements discussions for large-scale projects and product enhancements, defining roadmaps and ensuring alignment with business objectives. Collaborate with Finance and business line clients to analyze functional requirements and deliver clear, actionable documentation. Describe business rules such as translating trading or insurance events to accounting events; or derivations such as calculations and classifications required by regulators. Ensure traceability of requirements to deliverables. Facilitate complex issue discussion meetings and resolve ambiguity. Contribute to successful project completion by identifyi