BA

Crisil; Mumbai; On-site; INR 2,000,000 - 4,000,000; Full time

Job summary

Crisil is seeking a Senior Business Analyst with a focus on Market Risk to support large-scale risk transformation programs. You will work with front office, risk and IT teams to gather requirements, map data, and validate risk outputs using Python and SQL.

Ideal candidates have 10–12 years in Capital Markets, strong regulatory knowledge (FRTB) and experience in data-driven risk reporting. This on-site role is based in Mumbai, India.

Qualifications

• 10–12 years of experience in Capital Markets or global investment banking.
• Hands-on experience with Market Risk (VaR, sensitivities, stress) and risk data flows.
• Proficiency with Python for data analysis and validation; SQL experience preferred.

Responsibilities

• Work on risk transformation programs (Market Risk / 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.

Skills

Capital Markets BA

Market Risk

FRTB

Python (data)

SQL

Stakeholder mgmt

Regulatory risk

Agile

Data analysis

Tools

SQL

Python

Job description

We are looking for a Business Analyst with strong experience in Market Risk 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/ 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 / Global investment banking
• Strong exposure to:
  • Market Risk
  • FRTB or regulatory risk frameworks
• Working knowledge of Python for data analysis / validation (basics)
• Experience in large-scale tech change / transformation programs
• Strong requirement gathering, documentation and stakeholder management skills

Domain Experience (Critical)

• Hands-on experience in:
  • Market Risk (VaR, sensitivities, stress testing) OR
• Understanding of:
  • Trade lifecycle and risk data flows
  • 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

• 10-12 years (depending on depth of domain)