Change BA Market Risk / CCR (FRTB, Python)

Position: Change BA Market Risk / CCR (FRTB, Python)

Location: Jersey City

Duration: Full Time

We are looking for a Business Analyst with strong experience in Market Risk or Counterparty Credit Risk (CCR), 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 / CCR / 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 / Investment Banking
• Strong exposure to:

o Market Risk or CCR

o FRTB or regulatory risk frameworks

• Strong data analysis skills (SQL mandatory)
• Working knowledge of Python for data analysis / validation
• Experience in large-scale tech change / transformation programs
• Strong requirement gathering, documentation and stakeholder management skills

Domain Experience (Critical)

• Hands-on experience in:

o Market Risk (VaR, sensitivities, stress testing) OR

o CCR (exposure calculation, derivatives, counterparty risk)

• Understanding of:

o Trade lifecycle and risk data flows

o 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 12 years (depending on depth of domain + program exposure)