Technology Lead Business Analyst - Vice President

Citi; Maharashtra; On-site; INR 4,000,000 - 6,000,000; Full time

Job summary

Citi is seeking a seasoned Business and Data Analysis Lead to guide the firm-wide FRTB IMA implementation across risk, finance, and technology teams. You will own business requirements, data strategy, and data quality to ensure accurate calculations for Expected Shortfall, Historical VaR, and other risk metrics.

The role demands deep regulatory knowledge, extensive experience in market risk, and the ability to translate complex requirements into robust technical specifications, driving delivery

Qualifications

• 12–15 years of experience in market risk or related roles.
• Strong data analysis and data governance capabilities.
• Proficiency with SQL and Python for data work.
• Experience across all phases of the Software Development Life Cycle and BA principles.
• Excellent written and verbal communication and documentation skills.

Responsibilities

• Define the what and why of risk calculation systems for FRTB IMA.
• Translate regulatory text into clear business and data requirements.
• Define end-to-end data strategy: sourcing, lineage, quality controls and validation.
• Lead collaboration with Risk Management, Front Office, Quant Analytics and Technology.
• Design and oversee UAT strategies and system validation against objectives.
• Maintain comprehensive documentation of processes and data flows and logic.

Skills

Market risk knowledge

Data analysis with SQL/Python

Regulatory translation

Stakeholder collaboration

Education

Bachelor's degree

Master's degree preferred

CFA

FRM

Tools

MS Office

Excel

Job description

Citi is seeking a highly experienced Business and Data Analysis Lead to play a pivotal role in the firm-wide implementation of the Fundamental Review of the Trading Book (FRTB) Internal Model Approach (IMA). This is a leadership position for a subject matter expert who will bridge the gap between complex regulatory requirements, quantitative modeling, and technology execution.

This individual will be the central authority on business requirements and data analysis for our most critical risk calculations, ensuring that the sophisticated models for Expected Shortfall, Non-modelable Risk Factors, and Historical VaR are built on a foundation of complete, accurate, and well-understood data, perfectly aligning with regulatory intent. This new delivery of FRTB IMA is a significant regulatory initiative requiring specialized expertise to translate complex business requirements into robust technical solutions.

Responsibilities

As the lead Business Data Analysis expert, this individual will be the primary driver for defining the "what" and "why" behind our risk calculation systems. They will immerse themselves in the intricacies of FRTB IMA, Internal Risk Management VaR, and Stress Testing methodologies, translating them into precise specifications that our quantitative and technology partners will build upon. Their expertise will ensure the integrity and accuracy of the entire risk calculation framework. By leading the analysis and defining the data strategy, they will be directly responsible for the conceptual soundness of the solutions, guaranteeing they are not just computationally efficient but also robust, defensible, and fully compliant with regulatory standards.

Key Responsibilities include

• Acting as the lead Subject Matter Expert (SME) for Market Risk regulations, primarily FRTB IMA, translating dense regulatory text into clear business and data requirements.
• Authoring detailed business and functional requirement documents, specifying the logic for risk calculations, data transformations, and reporting.
• Defining the end-to-end data strategy, including sourcing, lineage, quality controls, and validation rules for all required market and trade data.
• Performing deep-dive data analysis using SQL, Python (e.g., Pandas), or other tools to identify data gaps, resolve inconsistencies, and ensure data integrity.
• Leading the collaboration between senior stakeholders in Risk Management, Front Office, Quantitative Analytics, and Technology to ensure alignment and clear communication.
• Designing and overseeing User Acceptance Testing (UAT) strategies to validate that the system implementation meets the defined business objectives.
• Developing and maintaining comprehensive documentation for business processes, data flows, and system logic.

Qualifications

• Excellent knowledge of financial products and market risk domain
• 12-15 years of experience
• Proficiency in MS Office (Word, Excel, Visio, PowerPoint) with extensive experience using Excel for data analysis
• Experience with all phases of Software Development Life Cycle
• Comprehensive knowledge of the principles of business analysis

Education

• Bachelor's degree/University degree or equivalent experience
• Master's degree preferred
• CFA and FRM are plus
• Analytical modelling of Market risk Var Methodologies.
• Thorough understanding of financial products
• Exposure to Use case methods
• Articulation/ Written and verbal communication.

Job Family Group

Technology

Job Family

Business Analysis / Client Services

Time Type

Full time

Most Relevant Skills

Please see the requirements listed above.

Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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