Market Risk Business Analyst (Corporate & Investment Banking)

Square One Resources; City Of London; Hybrid; GBP 100,000 - 125,000; Full time

Job summary

A leading recruitment agency seeks a Market Risk Business Analyst with over 8 years of experience in Corporate & Investment Banking. The candidate should possess deep knowledge of market risk methodologies and regulatory frameworks, excellent communication skills, and the ability to engage stakeholders effectively. This role includes leading requirement workshops, applying market risk knowledge, and supporting testing and validation processes. A contract position with an appealing daily rate, flexibility in work location is also offered.

Qualifications

• 8 years as a Business Analyst in Market Risk or Risk Management.
• Proven experience in managing complex risk-related requirements.
• Strong understanding of market risk metrics and regulatory frameworks.

Responsibilities

• Lead workshops with stakeholders to gather requirements.
• Apply knowledge of Market Risk concepts for analysis.
• Translate market risk requirements into functional specifications.
• Act as a bridge between teams to ensure project alignment.
• Perform data mapping for market risk attributes.
• Support testing and validation of risk calculations.
• Assist in training for new systems and processes.
• Identify gaps in processes and propose solutions.
• Participate in Agile ceremonies and SDLC phases.

Skills

Market Risk Knowledge

Analytical Skills

Stakeholder Engagement

Communication Skills

Tools

JIRA

Confluence

Tableau

Power BI

Job description

Job Title: Market Risk Business Analyst (Corporate & Investment Banking)
Location: London (3-4x on site per week)
Salary/Rate: £470 - 495 Per Day
Start Date: 31/12/25 (9 month initial contract Inside IR35)
Job Type: Contract - Must be via Umbrella

Company Introduction

We are seeking a highly experienced and analytical Business Analyst with over 8 years of commercial experience in the Capital Markets domain, with a strong focus on Market Risk and Corporate & Investment Banking. This role is pivotal in driving strategic risk initiatives and ensuring successful delivery of projects across market risk management, reporting, and compliance.

Job Responsibilities/Objectives

The ideal candidate will possess deep domain knowledge of market risk methodologies, regulatory frameworks, and financial instruments, along with excellent communication and analytical skills.

• Requirements Elicitation & Analysis: Lead workshops and discussions with stakeholders across Risk, Front Office, Finance, and Technology to gather and analyse detailed functional and non-functional requirements related to market risk. Understand and document business processes around risk measurement, limit monitoring, and market data management.
• Domain Expertise Application: Apply deep knowledge of Market Risk concepts including Value at Risk (VaR), Expected Shortfall, sensitivities (Delta, Vega, Gamma), stress testing, scenario analysis, and risk factor modelling. Understand workflows across trading desks (FX, Rates, Equities, Commodities) and their associated risk profiles.
• Solution Design & Documentation: Translate complex market risk requirements into functional specifications, user stories, process flows, and data models. Support the design of risk systems and interfaces for market risk data capture, aggregation, and reporting.
• Stakeholder Management: Act as a bridge between Market Risk, Front Office, Finance, and IT teams to ensure alignment and clarity throughout the project lifecycle. Engage with senior stakeholders to present findings, influence decisions, and manage expectations.
• Data Analysis & Mapping: Perform source-to-target data mapping for market risk attributes including risk sensitivities, market data, and valuation inputs. Support data lineage, data quality checks, and integration with risk engines and reporting platforms.
• Testing Support: Collaborate with QA and UAT teams to define test scenarios, validate risk calculations, and ensure regulatory compliance. Support reconciliation of risk data across systems and reports.
• Change Management: Assist in training and change adoption for new market risk systems, processes, and regulatory changes. Develop user guides and training materials for business users.
• Problem Solving: Identify gaps in market risk processes or systems, propose solutions, and assess impact on upstream/downstream systems.
• Project Lifecycle Participation: Participate in Agile ceremonies and SDLC phases from requirement gathering to post-implementation support. Contribute to sprint planning, backlog grooming, and retrospectives.
• Market & Regulatory Awareness: Stay updated on regulatory developments such as FRTB, Basel III/IV, and local regulations (e.g., RBI, MAS). Understand implications of regulatory changes on market risk systems and reporting.

Required Skills/Experience

The ideal candidate will have the following:

• Experience: 8 years as a Business Analyst in Market Risk or Risk Management within Corporate & Investment Banking.
• Domain Expertise: Strong understanding of market risk metrics, risk factor modelling, and regulatory frameworks.
• Requirements Management: Proven experience in managing complex risk-related requirements across large-scale transformation programs.
• Analytical Skills: Strong analytical and problem-solving abilities, especially in risk data and metrics.
• Communication: Excellent verbal and written communication skills for both technical and business audiences.
• Stakeholder Engagement: Experience working with Risk, Trading, Finance, and Technology teams.
• Methodologies: Agile/Scrum experience preferred.
• Tools: Proficiency in JIRA, Confluence, and process modelling tools.
• Preferred Skills and Experience
• Technical Acumen: Basic understanding of SQL, data warehousing, and risk system architecture.
• Certifications: CFA, FRM, or other relevant risk/finance certifications.
• Project Management: Exposure to PM principles or certifications (e.g., PMP, Prince2).
• Data Visualisation: Experience with Tableau, Power BI for risk dashboards and reporting.
• If you are interested in this opportunity, please apply now with your updated CV in Microsoft Word/PDF format.

Disclaimer

Notwithstanding any guidelines given to level of experience sought, we will consider candidates from outside this range if they can demonstrate the necessary competencies.

Square One is acting as both an employment agency and an employment business, and is an equal opportunities recruitment business. Square One embraces diversity and will treat everyone equally. Please see our website for our full diversity statement.