Sr Business Analyst

Role Name: Sr Business Analyst

Location: Whippany New Jersey (Onsite)

Role Overview

We are seeking a highly experienced Senior Business Analyst with deep expertise in Fundamental Review of the Trading Book FRTB Market Risk and Basel Regulatory Reporting to join our Market Risk Team The candidate will play a critical role in delivering strategic regulatory initiatives related to FRTB Standardized Approach SA Internal Models Approach IMA Basel market risk capital calculations and regulatory reporting across multiple jurisdictions

The ideal candidate will possess a strong blend of business regulatory quantitative and technology skills enabling them to bridge the gap between Front Office Market Risk Finance Regulatory Reporting Quantitative Analytics and Technology teams

Key Responsibilities

• FRTB Regulatory Change Management
• Lead business analysis activities for FRTB implementation enhancement and regulatory compliance programs
• Interpret and translate Basel Committee regulations and jurisdictional requirements into detailed business and functional requirements

• Drive implementation of various areas in FRTB like
  • FRTB Approaches SA and IMA
  • Expected Shortfall ES
  • Default Risk Charge DRC SensitivityBased Method SBM and Residual Risk AddOn RRAO
  • NonModellable Risk Factors NMRF and Profit Loss Attribution PLA
  • Backtesting frameworks
  • Assess regulatory impacts arising from Basel revisions and local regulatory requirements

Requirements Business Analysis

• Conduct workshops with senior stakeholders across Market Risk Finance Front Office Regulatory Reporting and Technology
• Define and document
  • BRD and FSD
  • User Stories and Acceptance Criteria
  • Process Flows and Target Operating Models
  • Data Mapping and Data Lineage documentation
  • Perform gap analysis between currentstate and targetstate regulatory frameworks

Basel Reporting Capital Calculation

• Support production and enhancement of Basel III Basel IV Market Risk capital reporting
• Define requirements for regulatory reporting platforms and capital engines
• Analyze capital impacts under FRTB methodologies and explain changes to senior stakeholders
• Partner with Regulatory Reporting and Finance teams to ensure accurate submissions to regulators

Data Risk Analytics

• Define sourcing requirements for market risk sensitivities positions pricing data risk factor mappings and capital calculations
• Ensure completeness and traceability of data across frontoffice trading systems risk engines data warehouses and regulatory reporting platforms
• Support data governance initiatives focused on Basel compliance

Technology Change Delivery

• Collaborate closely with Technology Risk Analytics Quantitative Research and Data Management teams
• Drive Agile and Waterfall project deliveries
• Support SIT UAT parallel runs and implementation activities
• Ensure successful deployment of regulatory changes within agreed timelines

Stakeholder Management

• Engage with senior management CRO organization Market Risk leadership and regulatory reporting teams
• Act as a subject matter expert for FRTB and market risk capital calculations
• Present findings regulatory impacts and project updates to steering committees and governance forums

Required Qualifications

• Bachelors or Masters degree in Finance Economics Mathematics Engineering Statistics Computer Science or related discipline
• 15 years of experience as a Business Analyst within investment banking capital markets or financial services

• Minimum 8 years of direct experience in
  • FRTB
  • Regulatory Capital Reporting
  • Market Risk Management

Required Domain Expertise

Strong handson knowledge of

• FRTB SA and IMA Approaches
• ValueatRisk VaR Stressed VaR and Expected Shortfall ES
• Incremental Risk Charge IRC and Default Risk Charge DRC
• Profit Loss Attribution PLA and Backtesting
• NonModellable Risk Factors NMRF
• SensitivityBased Method SBM
• Trading Book and Banking Book regulations

Technical Analytical Skills

• Strong SQL skills with ability to analyze large datasets
• Experience working with market risk platforms and regulatory reporting systems
• Understanding of data models data lineage and data governance frameworks
• Familiarity with following is preferred Python TableauPower BI JIRA Confluence
• Experience working with cloud and enterprise data platforms is advantageous

Preferred Experience

• Experience working at Tier1 global investment banks
• Direct involvement in FRTB implementation programs from design through regulatory reporting
• Experience supporting regulatory examinations internal audit reviews and model governance initiatives
• FRM CFA PRM MBA or equivalent professional qualifications preferred