Risk Management

Jobtailor; Mumbai; On-site; INR 1,500,000 - 2,300,000; Full time

Job summary

Jobtailor in Mumbai, India is seeking an experienced Business Analyst focused on Market Risk to drive requirements, coordinate governance, and deliver risk platforms across the full SDLC.

The role collaborates with Risk, Technology, Operations and Compliance to translate business needs into technical specs, execute change projects, and enhance reporting, data models and risk measures like VaR, IRC and ES.

Qualifications

• 5-8 years of relevant experience in the Risk domain, Market Risk preferred.
• Ability to manage medium to large projects through lifecycle and prepare analysis docs.

Responsibilities

• Requirements gathering, testing and documentation for regulatory compliance and risk initiatives.
• Cross-functional collaboration with Risk, Technology, Operations, and Compliance to gather requirements.
• Translate business requirements into technical specs for risk platforms and coordinate system integrations.
• Maintain regulatory knowledge, benchmark industry practices, and drive improvements.

Skills

Market Risk

Business Analysis

Project Management

Stakeholder Management

Test Management

Data Analysis

SQL

Python

Regulatory Knowledge

Documentation

Communication

Tools

PowerBI

Tableau

Excel

Visio

PowerPoint

Job description

• Requirements gathering, testing and documentation for regulatory compliance and transformational risk management initiatives.
• Analyse complex risk data flows, calculation engines, and reporting processes to identify gaps and architect robust solutions aligned with enterprise risk appetite.
• Execute projects in adherence with the Nomura governance standards delivering well-defined business outcomes.
• Cross-functional collaboration between Risk, Technology, Operations, and Compliance teams while gathering business requirement & functional requirement.
• Translating business requirements into technical specifications for risk platforms, coordinate system integrations with stakeholders.
• Maintaining cutting-edge regulatory knowledge, conduct industry benchmarking, and drive continuous improvement through feedback loops and best practice implementation.

Requirements

• Business Analyst with 5 to 8 years of relevant experience in the Risk domain, particularly Market Risk.
• Working as a business analyst and project manager in Market Risk Change projects and work with local and regional stakeholders to deliver on the project book of work.
• Independently manage medium to large projects through the lifecycle and prepare business analysis documents proficiently (business requirement documents, functional specifications, data matrix, workflow diagrams etc.)
• Run test management processes for medium to large scale projects (Test Strategy/Approach documentation, managing User Acceptance Testing, building test plans and test scenarios, building implementation plans.)
• Ability to plan the project delivery milestones (L0/L1 planning) and prepare project reports (weekly project update, monthly status update, highlighting risks, issues and their mitigation steps)
• Assist stakeholder businesses with their tactical/strategic solution requirements, services and/or program.
• Must be able to work with Technology, Risk Management, Risk Middle Office, and Front Office to identify and maximize opportunities that help in delivery of projects and to improve product, service and program business processes.
• Must have the ability to work with a team, learn and train people on various subjects, structure the project governance model and work together with regional counterparts to devise induction framework for all the resources entering into the project.
• Strong understanding of capital market products and derivatives across asset classes.
• Good knowledge of the Market Risk domain with project experience in areas like computation of risk measures (VaR, IRC, ES etc.), management of risk limits, risk reporting etc.
• Skilled in performing data analysis and understanding data models for computation of risk measures.
• Good understanding of the Basel norms, particularly FRTB and Basel 2.5 standards.
• Ability to operate in both agile and waterfall style project methodologies and understand deliverables required for each methodology.
• Attention to detail and high-quality standards of documentation, processes and control environment.
• Experience in the full E2E systems delivery lifecycle (SDLC).
• Detailed knowledge of all Microsoft Office products, i.e. Word, Excel, Power Point, Project and Visio.
• Excellent communication, organization, prioritisation and documentation skills.
• Deals comfortably with ambiguity – Stays on target to complete goals regardless of obstacles or adverse circumstances.
• Ability to identify any inefficiencies in processes and suggest ideas for automation and/or operating model changes.
• Proficiency in database, virtualization and BI solutions – SQL, Python, Dremio, PowerBI, Alteryx, Tableau etc.
• Flexibility – adapts effectively to changing plans, domains and priorities; Is open and flexible when faced with changing project constraints.
• Excellent and demonstrable understanding of “best practice” approaches to functional testing especially User Acceptance Testing.

Core Competencies

Demonstrates expertise in Market Risk analysis and project management, with a strong focus on regulatory compliance and risk management initiatives. Proficient in translating business requirements into technical specifications and managing the full systems delivery lifecycle.