We are looking for a Business Analyst with strong experience in Market Risk or Counterparty Credit Risk (CCR), supporting large-scale technology change and transformation programs within investment banking. The role requires a blend of functional risk knowledge, data analysis and technical understanding (including Python).
Key Responsibilities
* Work on risk transformation programs (Market Risk / CCR / FRTB) across technology and business teams
* Gather and document business and functional requirements for risk systems and reporting
* Translate requirements into detailed functional specifications and data mappings
* Perform data analysis and validation using SQL / Python for risk and trade datasets
* Support implementation of regulatory changes (e.g., FRTB) across systems and processes
* Collaborate with technology teams, quants and stakeholders to drive delivery
* Participate in UAT, testing and validation of risk calculations and outputs
* Ensure alignment across front office, risk and IT systems
Must-Have Skills
* Strong experience as a Business Analyst in Capital Markets / Investment Banking
* Strong exposure to:
* Market Risk or CCR
* FRTB or regulatory risk frameworks
* Strong data analysis skills (SQL mandatory)
* Working knowledge of Python for data analysis / validation
* Experience in large-scale tech change / transformation programs
* Strong requirement gathering, documentation and stakeholder management skills
Domain Experience (Critical)
* Hands-on experience in:
* Market Risk (VaR, sensitivities, stress testing) OR
* CCR (exposure calculation, derivatives, counterparty risk)
* Understanding of:
* Trade lifecycle and risk data flows
* Financial products:
* Derivatives (swaps, options, futures), bonds
Good-to-Have
* Experience working with risk systems / platforms
* Exposure to data lineage, reconciliation and controls
* Experience working with quants / model teams
* Familiarity with Agile delivery models
* Basic understanding of data architecture or APIs
Experience
* ~7–12 years (depending on depth of domain + program exposure)