Change BA – Market Risk

We are looking for a Business Analyst with strong experience in Market Risk 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/ 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 / Global investment banking




Solid exposure to:
Market Risk
FRTB or regulatory risk frameworks
Solid data analysis skills (SQL mandatory)
Working knowledge of Python for data analysis / validation (basics)
Experience in large-scale tech change / transformation programs
Robust requirement gathering, documentation and stakeholder management skills

Domain Experience (Critical)
Hands-on experience in:
Market Risk (VaR, sensitivities, stress testing) OR
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
7–10 years (depending on depth of domain + change program exposure)

📌 Market Risk Senior Business Analyst Mumbai
🏢 Crisil
📍 Mumbai