Business Analyst

We are seeking an experienced Business Analyst to support a strategic RiskMetrics to FraimWRX (FMX) migration within Broker-Dealer Operations and Finance Transformation. This role will lead business analysis across Market Risk, Risk Reporting, Risk Technology, and QA/Infrastructure, supporting requirements gathering, target-state design, solution validation, testing, and operational readiness. Key Responsibilities: Lead requirements gathering through workshops, stakeholder interviews, data analysis, and current-state assessments. Develop and maintain BRDs/FRDs, functional requirements, process and data flows, interface requirements, report inventories, and traceability documentation. Translate complex business and risk requirements into clear, testable requirements, user stories, and acceptance criteria. Define business rules, calculations, aggregation dimensions, thresholds, controls, exceptions, and reporting requirements. Document current-state and target-state processes and identify gaps, dependencies, risks, and remediation needs. Support the migration of market risk functionality from RiskMetrics to FraimWRX (FMX). Define and validate requirements related to VaR, stress testing, scenario analysis, sensitivities/Greeks, risk factors, P&L impacts, limits, and aggregation. Analyze market risk across rates, FX, credit, bonds, repos/SBL, derivatives, options, and structured/securitized products. Work with SMEs to define market data requirements including curves, spreads, volatilities, prices, identifiers, calendars, and historical data. Analyze product coverage, pricing/model differences, data mappings, and risk calculations across source and target platforms. Define reconciliation and control requirements across positions, market data, sensitivities, and downstream risk measures. Inventory existing risk reports and define future-state reporting and data requirements across Snowflake, Power BI, Risk DB, and other downstream consumers. Define source-to-report data lineage, mappings, transformations, aggregation, and reference data requirements. Support SIT, UAT, parallel runs, defect resolution, reconciliation, cutover, and business sign-off. Required Skills & Experience: Strong Business Analysis experience within Market Risk, Risk Reporting, Treasury Risk, or a related banking transformation environment. Strong understanding of VaR, stress testing, scenario analysis, sensitivities/Greeks, risk factors, limits, and P&L impacts. Working knowledge of financial products including rates, FX, credit, bonds, repos/SBL, derivatives, options, and structured/securitized products. Experience delivering changes to risk engines, risk data platforms, data warehouses, or risk/regulatory reporting solutions. Strong experience with data mapping, data lineage, reconciliations, controls, and data quality analysis. Hands‑on ability to analyze and reconcile datasets using SQL and advanced Excel. Experience creating BRDs/FRDs, process flows, data mappings, interface specifications, user stories, and acceptance criteria. Experience supporting the full delivery lifecycle, including SIT, UAT, parallel run, cutover, and post‑production support. Strong stakeholder management skills with the ability to work across Risk, Finance, Reporting, Technology, and QA teams. Experience working within a controlled financial‑services environment with strong governance and documentation standards. Preferred Experience: Experience with FraimWRX/FMX and/or RiskMetrics is highly preferred. Exposure to Snowflake, Power BI, Raptor, Risk DB, Murex, VAMOS/Wasabi, or comparable risk platforms. Previous experience with risk‑engine replacement, platform migration, parallel runs, or report rationalization. Familiarity with FRTB, historical market data, model validation, and risk data quality frameworks. Knowledge of complex products such as securitized products, repos/SBL, callable products, or complex derivatives. Education / Certifications: Bachelor’s degree in Finance, Economics, Mathematics, Engineering, Computer Science, or a related discipline preferred. Relevant certifications such as FRM, PRM, CFA, PMI‑PBA, or CBAP are a plus. #J-18808-Ljbffr