Business Analyst – Market Risk (Capital Markets & Trading)

Position: Business Analyst – Market Risk (Capital Markets & Trading)
Location: New York City, NY (100% Onsite)
Duration: 6+ Months

Mandatory Skills

• Strong hands-on experience in Capital Markets & Trading, including securities, bonds, derivatives, and market data.

• Proven exposure to Market Risk management, specifically:

  • Value at Risk (VaR)

  • Stressed VaR (SVaR)

  • FRTB (Fundamental Review of the Trading Book) – Standardized Approach preferred

• Experience supporting daily market risk monitoring, limit breaches, and signoff processes

• Strong Python (NumPy, Pandas) and SQL skills for:

  • Data reconciliation

  • Risk input/output validation

  • Data Quality (DQ) checks

Key Responsibilities

• Support Market Risk (Risk Engineering) teams in monitoring risk metrics including VaR, SVaR, and FRTB SA.

• Perform reconciliations and data quality checks across upstream and downstream systems used in market risk calculations.

• Analyze discrepancies in market risk measures and work with risk managers and IT teams for timely resolution.

• Assist in daily risk signoff processes, ensuring accuracy and completeness of risk metrics.

• Understand end-to-end risk data lineage, system architecture, and data flows.

• Liaise with Market Risk managers, IT, developers, and project teams to test enhancements, new methodologies, and regulatory changes.

• Act as an SME for market risk reporting and regulatory compliance, including back-testing and model validation support.

• Support new product onboarding by validating risk coverage, controls, and data lineage.

Qualifications

• Strong understanding of Market Risk methodologies, analytics, and regulatory frameworks

• Experience with FRTB regulations, back-testing, and risk governance

• Excellent analytical and communication skills

• Bachelor’s degree required; MBA or Master’s in Finance/Analytics preferred