Senior Business Analyst – Market Risk

Izertis; Sevilla; Hybrid; EUR 70,000 - 100,000; Full time

Benefits offered by this job

Permanent contract

Hybrid work model

Office locations in Asturias, Madrid,‑

Seville

Vitoria

Flexible working hours

Summer schedule

Private health insurance

Employee benefits platform

Job summary

Izertis is seeking a Senior Business Analyst specialized in Market Risk to bridge business and technology teams. You will define requirements, govern Risk Factor data, and support risk scenario generation, ensuring end-to-end data flow and governance across RFR and SCM.

The role emphasizes collaboration with Market Risk stakeholders, regulatory scenarios, and complex data transformations, with a hybrid working model and opportunities across Europe and the Americas.

Qualifications

• Proven experience as a Senior Business Analyst or Functional Expert in Market Risk projects.
• Strong knowledge of Risk Factors and Market Risk scenario generation, including regulatory scenarios.
• Hands-on experience with Risk Factor Repository (RFR) governance, taxonomy, and mappings.

Responsibilities

• Act as a senior functional expert within Market Risk initiatives, translating complex business requirements into functional and technical solutions.
• Gather, analyse, and document business requirements, use cases, business rules, and acceptance criteria.
• Define and maintain Risk Factor inventories, taxonomies, attributes, and governance frameworks within RFR.
• Analyse and support Market Risk scenario generation processes, including regulatory and stress-testing scenarios.
• Define and document RFR-SCM data flows, interfaces, and integrations, ensuring end-to-end traceability of Risk Factors and shocks.
• Work with stakeholders to manage shock ingestion, normalization, mapping, and validation processes within SCM.
• Perform functional data analysis, identify data quality issues, and coordinate remediation with technical teams.
• Support the design and validation of shock transformation, interpolation, propagation, consistency, and arbitrage control mechanisms.
• Act as the key liaison between Market Risk, RFR, SCM, and technology teams, driving alignment and informed decision-making.
• Support testing activities and ensure delivered solutions meet business expectations.

Skills

Market Risk experience

RFR governance

SCM processes

Regulatory scenarios

Data governance

Stakeholder management

Job description

Senior Business Analyst – Market Risk

Published 16 of October At Izertis we are seeking an experienced Senior Business Analyst / Functional Expert to join a strategic Market Risk programme. This is an excellent opportunity for a functional specialist with deep expertise in Risk Factors, Market Risk scenario generation, and regulatory risk processes to play a key role in bridging business and technology teams.You will work closely with Market Risk stakeholders, Scenario Manager (SCM), Risk Factor Repository (RFR), and technology teams to define requirements, drive functional analysis, and ensure the consistency and traceability of risk data across critical systems.

Key Responsibilities

• Act as a senior functional expert within Market Risk initiatives, translating complex business requirements into functional and technical solutions.
• Gather, analyse, and document business requirements, use cases, business rules, mappings, and acceptance criteria.
• Define and maintain Risk Factor inventories, taxonomies, attributes, and governance frameworks within RFR.
• Analyse and support Market Risk scenario generation processes, including regulatory and stress-testing scenarios.
• Define and document RFR-SCM data flows, interfaces, and integrations, ensuring end-to-end traceability of Risk Factors and shocks.
• Work with stakeholders to manage shock ingestion, normalization, mapping, and validation processes within SCM.
• Perform functional data analysis, identify data quality issues, and coordinate remediation with technical teams.
• Support the design and validation of shock transformation, interpolation, propagation, consistency, and arbitrage control mechanisms.
• Act as the key liaison between Market Risk, RFR, SCM, and technology teams, driving alignment and informed decision-making.
• Support testing activities and ensure delivered solutions meet business expectations.

Required Skills & Experience

• Proven experience as a Senior Business Analyst, Functional Consultant, or Functional Expert within Market Risk projects.
• Strong knowledge of Risk Factors and Market Risk scenario generation, including regulatory scenarios and shock management.
• Hands-on experience with Risk Factor Repository (RFR) processes, including inventory management, characterization, governance, attribute definition, taxonomies, mappings, and gap analysis.
• Strong understanding of Scenario Manager (SCM) processes, including shock ingestion, normalization, and Risk Factor mapping.
• Experience defining and documenting RFR-SCM interfaces and data flows.
• Good understanding of shock transformation, interpolation, propagation mechanisms, and related consistency and arbitrage controls.
• Extensive experience in requirements gathering, business analysis, and functional documentation.
• Strong analytical skills with the ability to perform data validation and identify functional gaps and inconsistencies.
• Excellent stakeholder management and communication skills, with the ability to work across business and technology teams.
• Experience working within large-scale banking or financial services environments.

What can we offer you?

• Permanent contract from day one.
• Flexible working hours.
• Hybrid working model, with attendance required three days per week at one of our offices located in Asturias, Madrid, Seville, or Vitoria.
• Intensive summer working schedule during July and August.
• 22 working days of annual leave, your birthday off, plus December 24th and 31st as additional days off.
• Flexible compensation package including private health insurance, meal vouchers, childcare vouchers, and transportation benefits.
• Free English classes to help you improve or reinforce your language skills.
• Access to an extensive employee benefits platform where you can purchase products and services from various sectors at discounted rates, including flights, hotels, fashion, technology, home goods, and more.

About Izertis

At Izertis, we drive the digital transformation of companies, organizations, and individuals through tailored, innovative technology solutions that deliver real impact. Founded in 1996 and now approaching 30 years of history, Izertis is listed on the Spanish Stock Exchange (BME Continuous Market) and has established itself as one of the 1,000 fastest-growing companies in Europe. Today, we are more than 2,300 professionals working from offices across Europe, the Americas, and Africa, with a presence in over 50 countries. We deliver services and projects through a broad portfolio of solutions, including:

• Software Engineering
• Consultancy & Governance
• Cloud & Infrastructure
• Cybersecurity
• AI, Data & Emerging Technologies
• Customer Experience (CX) & Business Solutions
• Other transformation-enabling technologies