Sr Business Analyst

JOB DESCRIPTION:

Role Overview




We are seeking a highly experienced Senior Business Analyst with deep expertise in Fundamental Review of the Trading Book FRTB Market Risk and Basel Regulatory Reporting to join our Market Risk Team The candidate will play a critical role in delivering strategic regulatory initiatives related to FRTB Standardized Approach SA Internal Models Approach IMA Basel market risk capital calculations and regulatory reporting across multiple jurisdictions




The ideal candidate will possess a strong blend of business regulatory quantitative and technology skills enabling them to bridge the gap between Front Office Market Risk Finance Regulatory Reporting Quantitative Analytics and Technology teams




LocationWhippany New Jersey is compulsory




Key Responsibilities




FRTB Regulatory Change Management




Lead business analysis activities for FRTB implementation enhancement and regulatory compliance programs
Interpret and translate Basel Committee regulations and jurisdictional requirements into detailed business and functional requirements
Drive implementation of various areas in FRTB like
FRTB Approaches SA and IMA
Expected Shortfall ES
Default Risk Charge DRC SensitivityBased Method SBM and Residual Risk AddOn RRAO
NonModellable Risk Factors NMRF and Profit Loss Attribution PLA
Backtesting frameworks
Assess regulatory impacts arising from Basel revisions and local regulatory requirements




Requirements Business Analysis




Conduct workshops with senior stakeholders across Market Risk Finance Front Office Regulatory Reporting and Technology
Define and document
BRD and FSD
User Stories and Acceptance Criteria
Process Flows and Target Operating Models
Data Mapping and Data Lineage documentation
Perform gap analysis between currentstate and targetstate regulatory frameworks




Basel Reporting Capital Calculation




Support production and enhancement of Basel III Basel IV Market Risk capital reporting
Define requirements for regulatory reporting platforms and capital engines
Analyze capital impacts under FRTB methodologies and explain changes to senior stakeholders
Partner with Regulatory Reporting and Finance teams to ensure accurate submissions to regulators




Data Risk Analytics




Define sourcing requirements for market risk sensitivities positions pricing data risk factor mappings and capital calculations
Ensure completeness and traceability of data across frontoffice trading systems risk engines data warehouses and regulatory reporting platforms
Support data governance initiatives focused on Basel compliance




Technology Change Delivery




Collaborate closely with Technology Risk Analytics Quantitative Research and Data Management teams
Drive Agile and Waterfall project deliveries
Support SIT UAT parallel runs and implementation activities
Ensure successful deployment of regulatory changes within agreed timelines




Stakeholder Management




Engage with senior management CRO organization Market Risk leadership and regulatory reporting teams
Act as a subject matter expert for FRTB and market risk capital calculations
Present findings regulatory impacts and project updates to steering committees and governance forums




Required Qualifications




Bachelors or Masters degree in Finance Economics Mathematics Engineering Statistics Computer Science or related discipline
15 years of experience as a Business Analyst within investment banking capital markets or financial services
Minimum 8 years of direct experience in
FRTB
Regulatory Capital Reporting
Market Risk Management




Required Domain Expertise




Strong handson knowledge of




FRTB SA and IMA Approaches
ValueatRisk VaR Stressed VaR and Expected Shortfall ES
Incremental Risk Charge IRC and Default Risk Charge DRC
Profit Loss Attribution PLA and Backtesting
NonModellable Risk Factors NMRF
SensitivityBased Method SBM
Trading Book and Banking Book regulations




Technical Analytical Skills




Strong SQL skills with ability to analyze large datasets
Experience working with market risk platforms and regulatory reporting systems
Understanding of data models data lineage and data governance frameworks
Familiarity with following is preferred Python TableauPower BI JIRA Confluence
Experience working with cloud and enterprise data platforms is advantageous




Preferred Experience




Experience working at Tier1 global investment banks
Direct involvement in FRTB implementation programs from design through regulatory reporting
Experience supporting regulatory examinations internal audit reviews and model governance initiatives
FRM CFA PRM MBA or equivalent professional qualifications preferred