Business Analyst - Market Risk

We are seeking an experienced Business Analyst to support a strategic RiskMetrics to FraimWRX migration within Broker Dealer Operations and Finance Transformation. This role will focus on requirements, data analysis, risk reporting, testing, and operational readiness across Market Risk, Risk Technology, Reporting, and QA teams.

Key Responsibilities

• Lead requirements gathering, BRD/FRD development, process mapping, data flows, and source-to-target mappings.
• Define requirements across VaR, stress testing, scenario analysis, sensitivities/Greeks, market data, risk limits, and aggregation.
• Analyze risk drivers across rates, FX, credit, equities, derivatives, repos/SBL, and structured/securitized products.
• Define reconciliation and control requirements across positions, market data, risk outputs, and downstream reporting.
• Gather and document requirements for risk reports, dashboards, extracts, and downstream data feeds.
• Support data lineage and reporting requirements across Snowflake, Power BI, Risk DB, and related platforms.
• Use SQL and Excel to analyze datasets, identify gaps, reconcile outputs, and support root-cause analysis.
• Develop test scenarios and acceptance criteria and support SIT, UAT, defect resolution, parallel runs, cutover, and business sign-off.
• Partner with Market Risk, Technology, Reporting, and QA teams throughout the transformation lifecycle.

Required Experience

• Strong Business Analyst experience within Market Risk, Risk Reporting, Treasury Risk, or banking risk transformation.
• Strong understanding of VaR, stress testing, sensitivities/Greeks, market risk factors, market data, and risk reporting.
• Experience with risk engines, risk platforms, data warehouses, or regulatory/management reporting solutions.
• Experience with data mapping, reconciliations, controls, testing, and business sign-off.
• Hands-on experience using SQL and advanced Excel.
• Strong understanding of financial products including rates, FX, credit, bonds, derivatives, options, and repos/SBL.

Preferred Experience

• Experience with FraimWRX/FMX, RiskMetrics, Snowflake, Power BI, Risk DB, Murex, Raptor, or VAMOS/Wasabi.
• Experience with risk platform migrations, risk-engine replacements, parallel runs, or report rationalization.
• Knowledge of FRTB, historical market data, securitized products, callable products, or complex derivatives.
• FRM, PRM, CFA, PMI-PBA, CBAP, or relevant degree preferred.