Senior Business Analyst – Counterparty Credit Risk (CCR) - Mumbai

NextWave Consulting; Mumbai; Presencial; INR 1.000.000 - 1.500.000; Jornada completa

Descripción de la vacante

A global financial services firm in Mumbai is hiring a Business Analyst with expertise in Counterparty Credit Risk to support regulatory initiatives and risk transformation projects. The role involves collaborating with multiple teams, producing key documentation, and supporting testing. Ideal candidates have 4-8 years of experience in risk environments and strong skills in data analysis. Enjoy a hybrid work setting while making an impact in financial services.

Formación

• 4-8 years of experience in Counterparty Credit Risk or derivatives risk environments.
• Familiarity with regulatory frameworks like Basel III and FRTB.
• Ability to perform structured data analysis and validate outputs against business rules.

Responsabilidades

• Supporting delivery of Counterparty Credit Risk change initiatives.
• Collaborating with risk, technology, and front office teams.
• Producing documentation including BRDs and process flows.

Conocimientos

Requirements elicitation and documentation

SQL for data querying and validation

Advanced Excel and PowerPoint

Structured data analysis

Testing and UAT coordination

Educación

Degree in Finance, Engineering, Mathematics, Computer Science, or related discipline

FRM, CFA, or PMP certifications

MBA in Finance or Risk

Herramientas

Visio

Python

Descripción del empleo

Screening questions will verify hands‑on experience with CCR exposure metrics, derivatives risk environments, and data validation in risk change programmes.

📍 Mumbai (Hybrid)

🏦 Banking / Financial Services – Risk Change Programme

💼 Experience: 4–8 years

We are hiring a Business Analyst with hands‑on Counterparty Credit Risk (CCR) experience to support risk transformation and regulatory initiatives within a global financial services environment.

Role Overview

As a Business Analyst in the Risk Change team, you will support delivery of projects related to:

• Counterparty Credit Risk exposure calculations
• Risk data platforms and analytics frameworks
• Regulatory change initiatives
• Strategic risk system transformations

Key Responsibilities

Risk Change Programme Delivery

• Support delivery of Counterparty Credit Risk change initiatives
• Work with risk stakeholders to capture business and functional requirements
• Contribute to risk platform and data architecture enhancements

Business Analysis

• Produce documentation including BRDs, functional specifications, and process flows
• Create data mapping artefacts and workflow diagrams
• Ensure documentation aligns with SDLC governance standards

Requirements & Stakeholder Management

• Participate in requirements workshops with risk SMEs
• Translate discussions into user and functional requirements
• Collaborate with Risk, Technology, and Front Office teams

Testing & Implementation

• Support test planning and test strategy development
• Write test cases and scenarios
• Coordinate User Acceptance Testing (UAT) cycles
• Track defects and support release implementation

Data Analysis

• Perform data validation against risk models and business rules
• Support analysis related to risk exposure calculations
• Work with risk data models and exposure datasets

Domain Expertise Required

Candidates should have working exposure to Counterparty Credit Risk frameworks, including familiarity with:

• Potential Future Exposure (PFE)
• Expected Exposure (EE / EEPE)
• Probability of Default (PD)
• Loss Given Default (LGD)
• Exposure at Default (EAD)
• Value at Risk (VaR)
• Risk Weighted Assets (RWA)

Experience with IMM modelling approaches, derivatives exposure modelling, or stress testing frameworks is advantageous.

Exposure to regulatory frameworks such as:

• Basel III
• BCBS 239
• FRTB

is beneficial.

Business Analysis Skills

• Requirements elicitation and documentation
• Business Requirement Documents (BRD)
• Functional specifications
• Process flows and data mapping
• Agile or Waterfall SDLC environments
• User Acceptance Testing coordination

Ability to perform structured data analysis and validate outputs against business rules is expected.

Technical Skills

• SQL for data querying and validation
• Advanced Excel and PowerPoint
• Visio / process modelling tools
• Exposure to Python for data analysis or automation (advantageous)

Ideal Candidate Profile

• Experience working in Counterparty Credit Risk or derivatives risk environments
• Delivered risk change or regulatory programmes
• Worked with risk exposure calculations or risk data platforms
• Experience supporting UAT and data validation in banking projects

Education & Certifications

• Degree in Finance, Engineering, Mathematics, Computer Science, or related discipline
• Certifications such as FRM, CFA, PMP, or CQF are advantageous
• MBA in Finance or Risk is a plus