Business Analyst - Market Risk

Job Description

Business Analyst - Market Risk - Retail BankingJob SummaryBusiness Analyst (BA) plays an important role in the implementation of new solutions / methodologies in Market Risk function. Business Analysts will work on a variety of tasks ranging from requirements gathering/analysis, preparing functional and technicaldocumentation, and deployment tasks. This is a business-facing role that works independently and collaboratively with internal and client teams to ensure project success. The BA drives and participates in discovery and design sessions and is involved in allaspects of designing Market Risk methodologies for the client. They must have good understanding of Market Risk concepts and should have demonstrated experience in multiple areas across Market Risk Frameworks like – pricing models, valuation tools, Value atRisk, Counterparty Credit Risk across Trading Book, Banking Book and Pensions. They must be able to work well in multi-functional and multi-shore project teams. This position will require travel to client sites.Roles & Responsibilities60%Analysis/Documentation

• Coordinate internal resources and third parties/vendors for the flawless execution of projects
• Gathers business and technical requirements utilizing interviews, document analysis, requirements workshops, surveys, site visits, business process descriptions, use cases, scenarios, business analysis, task and workflow analysis
• Documents business and technical specifications ensuring documentation is kept up to date and relevant.
• Maps attributes to source including identification and documentation of transformation algorithms as necessary
• Generates cohesive documentation of: Business processes/process maps (As Is – To Be), functional and technical specifications and use cases
• Performs gap analysis of policies, processes, and capabilities against frameworks or desired target states
• Assist with roadmap creation, including the conduct and incorporation of prioritization, dependency / successor analysis, and resourcing
• Develops data dictionaries, mappings, and business glossary by working with the Data SME and Business stakeholders
• Gathers and documents existing reports, analysis and data access requirements

30%Communication/Organisation

• Communicates consistently withother team members, leadership and clients outlining status, risks, issues and key decisions
• Assist tech lead and developers with addressing business and data related questions and concerns
• Coordinates with Project Managers and participates in project planning
• Perform feasibility analysis, scopes projects, and works with the project manager to prioritizes deliverables
• Acts as the liaison between the business units, technology teams and support teams
• Creates reports as required to support stakeholders and project team

10% Other duties as assigned or identifiedEducation & Experience

• 7+ years of experience in Analyst role
• 5+ years of consulting experience strongly preferred
• Experience working with business and IT functions in a variety of corporate cultures, as both an employee and consultant, is preferred
• Experienced working with multiple levels of client personnel to gather information, validate analysis, and make recommendations
• Experience developing business case for recommendations
• Experience in Market Risk frameworks
• Strong verbal and written communication skills, with an ability to express complex technical concepts in business terms and complex business concepts in technical terms
• Bachelor Degree or Equivalent
• Excellent organizational and analytic abilities
• Effective decision-making skills

Knowledge & Skillset

• Knowledge of risks arising from price and rate movements in the financial markets for client (banks), understanding of other Market risk frameworks like Counterparty Credit Risk, Value at Risk, Board Risk Appetites, Pricing models / Valuation tools.
• Leverage general business experience with knowledge to convert high level business objectives into functional and technical requirements and specifications
• Leverage experience to help in development of new methodologies for Market Risk
• Ability to consult with functional leaders to understand business objectives in order to design optimized risk solutions
• Must be able to facilitate & guide discovery & design sessions with business SME’s and technical leads
• Understanding of data management and Big data platforms
• Ability to multi-task, prioritize and meet aggressive deadlines
• Ability to organize, prioritize and manage dependencies
• Ability to lead group facilitation, mediation and conflict resolution
• Excellent interpersonal skills and the ability to deal effectively in a team environment
• Strong internal communication skills including ability to work with all levels of the organization
• Is effective in a variety of formal project and external presentation/meeting settings: one-on-ones, small and large groups, with peers, direct reports, and superiors.
• Excels in a fast paced, agile environment where critical thinking and strong problem-solving skills are required for success