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Senior Business Analyst - Market Risk

Senior Business Analyst - Market Risk

9 Hours ago • 6 Years + • Product Management

About the job

Summary

Senior Business Analyst specializing in Market Risk, playing a key role in translating business requirements into technical solutions. Responsibilities include liaising with IT business lines, analyzing functional impacts, preparing functional specifications/user stories, supporting the development team, maintaining functional documentation, developing test strategies, conducting testing, writing test cases, and providing application support (2nd level). The role involves working with Market Risk, VaR, PNL, Greeks, SIMM, initial margin management, variation margin, CSA management, and collateral management. The position requires strong collaboration with cross-functional teams and a deep understanding of Market Risk within an investment bank setting.

7 skills required for this role

Test your skills to join the top 1% applicants for this job

html

sql

xml

derivatives

risk-management

functional-testing

cross-functional

Must have:

6+ years as Business Analyst in Investment Bank's Market Risk dept.
Data models, SQL, XML, HTML, UML experience
Knowledge of Market Risk, VaR, PNL, Greeks, SIMM
Margin requirements for non-centrally cleared Derivatives (BCBS 261)
Initial Margin management, Variation margin, CSA & Collateral management
Liaison between onshore/offshore teams, functional support for development team
Functional testing and validation of development

Good to have:

Product Control knowledge
Financial products (Treasury, FX, Credit, IRD)
MS Office, SharePoint, Project, Visio
UML, Business object, data warehouse, BI

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Project description

As a Business Analyst specializing in Market Risk, you will play a key role in understanding and translating business requirements into technical solutions. Working closely with stakeholders, you will analyze and document business processes related to risk management, identify areas for improvement, and collaborate with cross-functional teams to implement effective solutions. The MRD (Market Risk & Delivery) Section is part of the CMI (Capital Markets IT) Department and is responsible for development and maintenance of Market Risk applications used by worldwide users as well as the implementation of regulatory and investment projects.

Responsibilities

Responsible for the functional knowledge:

Liaise with IT business lines contacts for clarification and understanding of requirements.

Analyze functional impacts considering technical constraints with technical lead’s help

Prepare and present functional aspects of changes/evolutions to developers

Draft detailed functional specifications/users stories for developers, in line with general specifications or list of requirements provided by project manager / Business Analysts

Support the technical development team in any functional aspects.

Organize and keep up to date detailed functional documentation

Responsible for the functional testing of development:

Develop tests strategy in coordination with project manager / Business Analysts

Conduct continuous testing in development environment for development monitoring

Write functional unit test cases and functional test cases for system verification

Follow the user acceptance test and coordinate the prioritization with project manager

Involved in support of application for functional incident

2nd level support work on request escalated from level 1

Reproduce, make first analysis and investigate verifying codification and data

Analyze and/or solve functional problems in coordination with developers

Skills

Must have

6+ years as a Business Analyst in Investment Bank organization within Market Risk department

Technical experience: to be comfortable with data models and SQL; XML, HTML, UML

Functional experience:

Knowledge of Market Risk, VaR, PNL, Greeks, SIMM

Margin requirements for non-centrally cleared Derivatives (BCBS 261)

Initial Margin management – calculation, attribution analysis & back testing

Knowledge of Variation margin, CSA management & Collateral management

Hands-on experience as liaison function between the onshore IT business lines and offshore technical teams and as primary functional support for development team

Thorough experience in functional testing and validation of development

Nice to have

Product Control knowledge (Pnl calculation and explanation, …)

Financial products (Treasury, FX, Credit, IRD…)

Usage of MS Office, MS Sharepoint, MS Project, MS Visio

Understanding of UML

Technical: Business object, data warehouse, BI

Other

Languages

English: C1 Advanced

Seniority

Senior

View Full Job Description

About The Company

Luxoft

1217 Active Jobs

Luxoft, a DXC Technology Company (NYSE: DXC), is a digital strategy and software engineering firm providing bespoke technology solutions that drive business change for customers the world over. Acquired by U.S. company DXC Technology in 2019, Luxoft is a global operation in 44 cities and 21 countries with an international, agile workforce of nearly 18,000 people. It combines a unique blend of engineering excellence and deep industry expertise, helping over 425 global clients innovate in the areas of automotive, financial services, travel and hospitality, healthcare, life sciences, media and telecommunications.

DXC Technology is a leading Fortune 500 IT services company which helps global companies run their mission critical systems. Together, DXC and Luxoft offer a differentiated customer-value proposition for digital transformation by combining Luxoft’s front-end digital capabilities with DXC’s expertise in IT modernization and integration. Follow our profile for regular updates and insights into technology and business needs.