Change Business Analyst – Market Risk CCR (FRTB, Python) Global Research & Risk Solutions

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)

Required Skills:

BRDsFRDBRDMarket RiskPythonSQLStress TestingRequirements GatheringCapital Markets