Business Analyst

We are looking for a Business Analyst with strong experience in Market Risk 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/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/Global Investment Banking
• Strong exposure to:
• Market Risk
• FRTB or regulatory risk frameworks
• Strong data analysis skills (SQL mandatory)
• Working knowledge of Python for data analysis/validation (basics)
• 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
• 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

Skills

Business Analysis, Business Analyst, FRTB, Market Risk, SQL