Business Analyst

What is the opportunity?

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 a Senior 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 Senior Business Analyst will be focused on analysis and delivery of insurance calculation, accounting rule, and subledger functional changes and updates 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 to document business rules/mappings and define solutions that enhance RISE while minimizing impact and risk on existing application functionality.

What will you do?

• Elicit, analyze and document business requirements, business rules and data sources.

• Pro-actively communicate and collaborate with Insurance Finance and Actuarial teams to analyze functional requirements and deliver the appropriate documentation and explanations as needed.

• Act as the first line of contact to interface with Finance and Actuarial business users on your specific changes and enhancements.

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

• Ensure that testing, configuration/release management, deployment, and post implementation verification are completed in desired timelines.

Must-have:

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

• At least 5 years of experience in Financial Services with a focus on business transformation, system implementation, integration projects and cross-functional collaboration

• Strong Business Analysis skills - elicitation, synthesis, evaluation and communication of results.

• Strong understanding of Data Models, Experience data analysis and experience in Database systems like SQL, Excel, other analytical tools.

• Hands-on experience with finance systems, such as product subledgers or enterprise resource planning (ERP) systems

• Knowledge of financial data flows, reporting, and reconciliation processes.

• Familiarity with Agile Methodology and Agile terminology and tools such as JIRA

• Strong communication skills – the ability to write clearly; know your audience; one on one verbal communications; the ability to give presentations and run a meeting is critical.

• Experience using business analysis and requirements modeling tools, such as data flow diagrams, relationship data models and business process modelling.

• Ability to understand the business requirements and translate it to technical requirements

• Excellent interpersonal/communication skills and leadership abilities to lead integrated teams in project activities.

Nice to have:

• Knowledge of Insurance line of business or actuarial concepts.

• 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

#LI-POST

#TECHPJ

Job Skills

Agile Methodology, Business Analysis, Business Data Analysis, Business Process Modeling, Commercial Acumen, Communication, Critical Thinking, Decision Making, Group Problem Solving, Insurance Accounting, Insurance Finance and Actuarial Concepts, Interpersonal Relationship Management, IT Business Analysis, IT Requirements, Requirements Analysis, Software Requirements, Software Requirements Analysis

Additional Job Details

RBC CENTRE, 155 WELLINGTON ST W:TORONTOTorontoCanada37.5Full timeTECHNOLOGY AND OPERATIONSRegularSalaried2026-05-142026-07-18

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.