Business Analyst SME

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 identifying risks and recommending mitigating strategies.

• Work with upstream Data Provider Teams to troubleshoot, provide requirements, and coordinate end-to-end solution implementation.

• Provide leadership in process improvement initiatives and enhance system and support documentation.

• Leverage AI capabilities to support future business initiatives. 

• Collaborate with project managers, developers, quality engineers, and other business analysts to ensure projects are delivered on time and within budget.

• Make recommendations on process improvements and system enhancements to optimize performance and efficiency.

What you need to succeed?

Must-have:

• Bachelor’s degree in Finance, Accounting, Economics, Computer Science or equivalent.

• 10+ years Business Analysis experience, delivering large-scale programs.

• Some knowledge of Insurance line of business or actuarial experience.

• Familiarity of finance from an accounting and risk point of view and finance business process.

• Proficiency in analyzing data to derive insights, including using SQL for data querying (e.g., JOINs, CTEs) and visualization tools like Power BI or Tableau.

• Background in data processing (storing & processing), data engineering, data modelling.

• Ability to clearly articulate problems and solutions, influence senior stakeholders and negotiate priorities between business needs and technical feasibility.

• Expert time management and organizational skills with the ability to manage multiple projects with competing deadlines.

• Construct data flow diagrams, business and system context diagrams, create technical specifications and training materials.  Work closely with the development teams to ensure there is full understanding and proper execution of requirements in a timely manner.

• Scrum Management experience, provide high level key deliverable plan and detail break down to user stories and major tasks; providing guidance and leadership through to the scrum team during all project phases; ability to handle pressure with multiple priorities.

Nice to have:

• Previous experience in another Insurance company; risk or quantitative background.

• Familiarity with IFRS17 standard.

• Experience with Aptitude Insurance Calculation Engine and/or Aptitude Accounting Hub.

• AI/Data analytics knowledge, including exposure to machine learning, automation or advanced analytics applications. 

• Hands on experience supporting P&L process, valuation controls, and financial reporting. 

• Demonstrate integrity and a constructive approach to challenges

• Lead, coach and mentor others while providing constructive feedback

• Familiar with scripting languages such as Python

What’s in it for you?

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

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable.

• Leaders who support your development through coaching and opportunities to grow

• Ability to make a difference and have a lasting impact

• A world-class training program in financial services

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

• Opportunities to do challenging work

• Opportunities to take on progressively greater accountabilities

• Flexible work/life balance options

Job Skills

Business Analysis, Business Case Design, Business Data Analysis, Business Processes, Communication, Critical Thinking, Data Modeling, Document Management, Financial Accounting Systems, Financial Instruments, Financial Services Industry, Group Problem Solving, Information Capture, Information Technology Applications, Insurance Finance and Actuarial Concepts, Investment Banking Analysis, IT Standards, Software Knowledge, Software Requirements, System Specifications

Additional Job Details

RBC CENTRE, 155 WELLINGTON ST W:TORONTOTorontoCanada37.5Full timeTECHNOLOGY AND OPERATIONSRegularSalaried2026-04-212026-07-30

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

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.