Business Analyst

Phyton Talent Advisors; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

Phyton Talent Advisors is seeking an experienced Business Analyst to support a strategic migration from RiskMetrics to FraimWRX (FMX) within Broker-Dealer Operations and Finance Transformation. You will lead business analysis across Market Risk, Risk Reporting, Risk Technology, and QA/Infrastructure, including requirements gathering, target-state design, testing, and operational readiness.

The role requires strong BA experience in market risk, data mapping, and reporting, with hands-on SQL and

Qualifications

• Strong Business Analysis experience within Market Risk, Risk Reporting, Treasury Risk, or a related banking transformation environment.
• Strong understanding of VaR, stress testing, scenario analysis, sensitivities/Greeks, risk factors, limits, and P&L impacts.
• Working knowledge of financial products including rates, FX, credit, bonds, repos/SBL, derivatives, options, and structured/securitized products.
• Experience delivering changes to risk engines, risk data platforms, data warehouses, or risk/regulatory reporting solutions.
• Strong experience with data mapping, data lineage, reconciliations, controls, and data quality analysis.
• Hands‑on ability to analyze and reconcile datasets using SQL and advanced Excel.
• Experience creating BRDs/FRDs, process flows, data mappings, interface specifications, user stories, and acceptance criteria.
• Experience supporting the full delivery lifecycle, including SIT, UAT, parallel run, cutover, and post‑production support.
• Strong stakeholder management skills with the ability to work across Risk, Finance, Reporting, Technology, and QA teams.
• Experience working within a controlled financial‑services environment with strong governance and documentation standards.

Responsibilities

• Lead requirements gathering through workshops, stakeholder interviews, data analysis, and current-state assessments.
• Develop and maintain BRDs/FRDs, functional requirements, process and data flows, interface requirements, report inventories, and traceability documentation.
• Translate complex business and risk requirements into clear, testable requirements, user stories, and acceptance criteria.
• Define business rules, calculations, aggregation dimensions, thresholds, controls, exceptions, and reporting requirements.
• Document current-state and target-state processes and identify gaps, dependencies, risks, and remediation needs.
• Support the migration of market risk functionality from RiskMetrics to FraimWRX (FMX).
• Define and validate requirements related to VaR, stress testing, scenario analysis, sensitivities/Greeks, risk factors, P&L impacts, limits, and aggregation.
• Analyze market risk across rates, FX, credit, bonds, repos/SBL, derivatives, options, and structured/securitized products.
• Work with SMEs to define market data requirements including curves, spreads, volatilities, prices, identifiers, calendars, and historical data.
• Analyze product coverage, pricing/model differences, data mappings, and risk calculations across source and target platforms.
• Define reconciliation and control requirements across positions, market data, sensitivities, and downstream risk measures.
• Inventory existing risk reports and define future-state reporting and data requirements across Snowflake, Power BI, Risk DB, and other downstream consumers.
• Define source-to-report data lineage, mappings, transformations, aggregation, and reference data requirements.
• Support SIT, UAT, parallel runs, defect resolution, reconciliation, cutover, and business sign-off.

Skills

Business Analysis

Stakeholder Management

SQL

Excel

Education

Bachelor’s degree in Finance/Economics/Math/Engineering/CS

FRM/PRM/CFA

Tools

SQL

Excel

Snowflake

Power BI

Risk DB

Murex

Job description

We are seeking an experienced Business Analyst to support a strategic RiskMetrics to FraimWRX (FMX) migration within Broker-Dealer Operations and Finance Transformation. This role will lead business analysis across Market Risk, Risk Reporting, Risk Technology, and QA/Infrastructure, supporting requirements gathering, target-state design, solution validation, testing, and operational readiness.

Key Responsibilities:

• Lead requirements gathering through workshops, stakeholder interviews, data analysis, and current-state assessments.
• Develop and maintain BRDs/FRDs, functional requirements, process and data flows, interface requirements, report inventories, and traceability documentation.
• Translate complex business and risk requirements into clear, testable requirements, user stories, and acceptance criteria.
• Define business rules, calculations, aggregation dimensions, thresholds, controls, exceptions, and reporting requirements.
• Document current-state and target-state processes and identify gaps, dependencies, risks, and remediation needs.
• Support the migration of market risk functionality from RiskMetrics to FraimWRX (FMX).
• Define and validate requirements related to VaR, stress testing, scenario analysis, sensitivities/Greeks, risk factors, P&L impacts, limits, and aggregation.
• Analyze market risk across rates, FX, credit, bonds, repos/SBL, derivatives, options, and structured/securitized products.
• Work with SMEs to define market data requirements including curves, spreads, volatilities, prices, identifiers, calendars, and historical data.
• Analyze product coverage, pricing/model differences, data mappings, and risk calculations across source and target platforms.
• Define reconciliation and control requirements across positions, market data, sensitivities, and downstream risk measures.
• Inventory existing risk reports and define future-state reporting and data requirements across Snowflake, Power BI, Risk DB, and other downstream consumers.
• Define source-to-report data lineage, mappings, transformations, aggregation, and reference data requirements.
• Support SIT, UAT, parallel runs, defect resolution, reconciliation, cutover, and business sign-off.

Required Skills & Experience:

• Strong Business Analysis experience within Market Risk, Risk Reporting, Treasury Risk, or a related banking transformation environment.
• Strong understanding of VaR, stress testing, scenario analysis, sensitivities/Greeks, risk factors, limits, and P&L impacts.
• Working knowledge of financial products including rates, FX, credit, bonds, repos/SBL, derivatives, options, and structured/securitized products.
• Experience delivering changes to risk engines, risk data platforms, data warehouses, or risk/regulatory reporting solutions.
• Strong experience with data mapping, data lineage, reconciliations, controls, and data quality analysis.
• Hands‑on ability to analyze and reconcile datasets using SQL and advanced Excel.
• Experience creating BRDs/FRDs, process flows, data mappings, interface specifications, user stories, and acceptance criteria.
• Experience supporting the full delivery lifecycle, including SIT, UAT, parallel run, cutover, and post‑production support.
• Strong stakeholder management skills with the ability to work across Risk, Finance, Reporting, Technology, and QA teams.
• Experience working within a controlled financial‑services environment with strong governance and documentation standards.

Preferred Experience:

• Experience with FraimWRX/FMX and/or RiskMetrics is highly preferred.
• Exposure to Snowflake, Power BI, Raptor, Risk DB, Murex, VAMOS/Wasabi, or comparable risk platforms.
• Previous experience with risk‑engine replacement, platform migration, parallel runs, or report rationalization.
• Familiarity with FRTB, historical market data, model validation, and risk data quality frameworks.
• Knowledge of complex products such as securitized products, repos/SBL, callable products, or complex derivatives.

Education / Certifications:

Bachelor’s degree in Finance, Economics, Mathematics, Engineering, Computer Science, or a related discipline preferred. Relevant certifications such as FRM, PRM, CFA, PMI‑PBA, or CBAP are a plus.