Senior Market Risk Business Analyst

1 week ago


Mumbai, Maharashtra, India EliteRecruitments Full time

EliteRecruitments is currently seeking a highly skilled Senior Market Risk Business Analyst to join our team. This role offers a unique opportunity to work with a leading financial services organization and contribute to the development of innovative solutions in market risk management.

Job Description:

We are looking for an experienced Business Analyst who can manage medium to large-scale projects through their entire lifecycle. The ideal candidate will have a strong understanding of capital market products and derivatives, as well as experience in risk management processes such as computation of risk measures, management of risk limits, and risk reporting.

The successful candidate will also have a good knowledge of Basel norms, particularly FRTB and Basel 2.5 standards, and be able to operate in both agile and waterfall style project methodologies. Additionally, they will have attention to detail and high quality standards of documentation, processes, and control environments.

This role requires a strong analytical mindset, excellent communication, organization, prioritization, and documentation skills. The ability to adapt effectively to changing plans, domains, and priorities is also essential. Furthermore, the candidate should be comfortable dealing with ambiguity and be able to identify inefficiencies in processes and suggest ideas for automation and/or operating model changes.

Key Responsibilities:
  • Manage medium to large-scale projects through their entire lifecycle
  • Develop and maintain business requirement documents, functional specification documents, data matrices, and workflow diagrams
  • Rund test management processes for medium to large-scale projects, including test strategy/approach documentation, user acceptance testing, building test plans and scenarios, and implementation plans
  • Assist stakeholders in identifying and maximizing opportunities to improve product, service, and program business processes
  • Prepare project reports, including weekly project updates, monthly status updates, highlighting risks, resource utilization, analysis trends, and recommended adjustments
Required Skills and Qualifications:
  • Strong understanding of capital market products and derivatives across asset classes
  • Good knowledge of the Market Risk domain, including experience in areas like computation of risk measures (VaR, IRC, ES etc.), management of risk limits, risk reporting, and Basel norms (FRTB, Basel 2.5)
  • Ability to operate in both agile and waterfall style project methodologies
  • Attention to detail and high quality standards of documentation, processes, and control environments
  • Experience in the full E2E systems delivery lifecycle (SDLC)
  • Detailed knowledge of Microsoft Office products (Word, Excel, PowerPoint, Project, Visio)
  • Proficiency in data analysis, virtualization, and BI solutions (SQL, Python, Dremio, PowerBI, Alteryx, Tableau)
  • Excellent communication, organization, prioritization, and documentation skills
  • Flexibility and ability to adapt to changing plans, domains, and priorities
  • Comfortable dealing with ambiguity and identifying inefficiencies in processes
Benefits:

Competitive salary: $120,000 - $180,000 per year, depending on experience

Opportunity to work with a leading financial services organization

Chance to develop innovative solutions in market risk management



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