Financial Business Analyst - capital markets

Description

RiskSpan 

RiskSpan is a leading source of analytics, modeling, data and risk management solutions for the Consumer and Institutional Finance industries. We solve business problems for clients such as banks, mortgage-backed and asset-backed securities issuers, equity and fixed-income portfolio managers, servicers, and regulators that require our expertise in the market risk, credit risk, operational risk, and information technology domains.

Position Overview 

• Title:Financial Business Analyst (Functional / Non-Technical)
• Division:Corporate Finance / Asset & Liability Management (ALM) & Capital Forecasting
• Project:Next-Gen Forecasting Optimization & Model Integration

Core Responsibilities 

1. Requirement Gathering & Cross-Functional Coordination 

• Bridge Tech Teams:Act as the primary liaison between quantitative financial engineering teams and business stakeholders (ALM desk).
• Coordinate Specifications:Document and coordinate updated model specifications and code fixes across multiple internal development groups.
• Document Methodologies:Draft comprehensive methodology documents outlining the business logic behind loan selection, parameter updates, and model changes.

2. Model Validation & Discrepancy Analysis 

• Investigate Discrepancies:Analyze counterintuitive forecasting outputs by tracking data through the execution lifecycle.
• Analyze Financial Drivers:Identify variance drivers across mortgage-specific behaviors including prepayment, default behavior, buy-up/buy-down fees, and Loan Loss Reserves (LLR).
• Benchmark Forecasts:Compare and align disparate forecasting models to ensure consistency in critical risk metrics like cohort prices, duration dollars, and convexity values.

3. Testing Coordination & UAT Governance 

• Define Test Cases:Design functional test cases to validate the quality of sampled model outputs against massive full-population runs (13+ million loans).
• Manage Testing Artifacts:Author and organize testing documentation, UAT signs-offs, and compliance artifacts required for management approval.
• Validate Under Stress:Review model execution outputs following simulated rate shocks and volatility shocks to ensure ALM hedging stability.

4. Executive Reporting & Stakeholder Presentation 

• Simplify Complex Data:Translate dense financial engineering data into clear, high-level presentations for senior leadership.
• Provide Status Updates:Deliver weekly status presentations to the ALM trading desk and upper management regarding hedging initiatives and model alignment.

Required Qualifications 

• Education:Bachelor’s degree in Finance, Accounting, Economics, or a related business field.
• Experience:3-5+ years acting as a Business Analyst within a mortgage banking, GSE (Freddie Mac/Fannie Mae), or fixed-income environment.
• Domain Expertise:Solid foundational understanding of Fixed Income, Asset-Liability Management (ALM), Mortgage-Backed Securities (MBS), and Capital Forecasting.
• Functional Concepts:Familiarity with financial risk concepts such as Duration, Convexity, Multipath Stochastic runs, and Hedging.
• Analytical Tools:Advanced proficiency with MS Excel for functional data auditing. Comfort navigating data-heavy environments (understanding what Python/SQL scripts do, even if you are not writing the code yourself).