Business Analyst - Market Risk

Michael Page; New York (NY); Hybrid; USD 85,000 - 117,000; Full time

Job summary

Michael Page is seeking an experienced Business Analyst to lead a strategic market risk and risk reporting transformation program in Midtown Manhattan. The role drives requirements gathering, operating model design, testing, and implementation support for a major risk platform migration across global stakeholders.

Key responsibilities include leading workshops, maintaining BRDs, defining data governance standards, and partnering with Risk, Finance, Technology, and Operations teams.

Qualifications

• Extensive Business Analysis experience in Market Risk, Risk Reporting, Treasury Risk, or related banking transformation programs.
• Strong understanding of VaR, stress testing, scenario analysis, market risk reporting and risk data architecture.
• Hands-on experience with requirements management, data analysis, process modelling, testing, and reconciliations.
• Advanced SQL and Excel skills to analyze and validate complex datasets.

Responsibilities

• Lead requirements gathering through workshops, stakeholder interviews, and data analysis.
• Own and maintain business requirements documentation, process flows, data mappings, and traceability matrices.
• Define business rules, controls, reporting requirements, and data governance standards.
• Partner with Risk, Finance, Technology, and Operations teams to support a large-scale risk platform migration.
• Analyze market risk methodologies including VaR, stress testing, and risk factor reporting.
• Define future-state reporting requirements and data lineage across platforms and downstream consumers.
• Support testing strategy, UAT execution, reconciliations, issue resolution, and business sign-off.
• Drive stakeholder engagement and facilitate decision-making across multiple business functions.

Skills

Market Risk

VaR

SQL

Excel

Stakeholder mgmt

Risk reporting

Tools

RiskMetrics

FraimWRX

Snowflake

Power BI

Murex

Job description

We are seeking an experienced Business Analyst to lead business analysis activities for a strategic market risk and risk reporting transformation program. This role will drive requirements gathering, target operating model design, testing, and implementation support for a major risk platform migration across global stakeholders.

Our client is a leading global financial services institution with a strong presence across capital markets, securities, trading, and investment banking. The organization is investing heavily in modernizing its risk management and reporting infrastructure to support future growth, regulatory requirements, and operational excellence.

Description

Lead requirements gathering through workshops, stakeholder interviews, process reviews, and data analysis.

Own and maintain business requirements documentation, process flows, data mappings, and traceability matrices.

Define business rules, controls, reporting requirements, and data governance standards.

Partner with Risk, Finance, Technology, and Operations teams to support a large-scale risk platform migration.

Analyze market risk methodologies including VaR, stress testing, sensitivities, and risk factor reporting.

Define future-state reporting requirements and data lineage across reporting platforms and downstream consumers.

Support testing strategy, UAT execution, reconciliations, issue resolution, and business sign-off.

Drive stakeholder engagement and facilitate decision-making across multiple business functions.

Profile

Extensive Business Analysis experience within Market Risk, Risk Reporting, Treasury Risk, or related banking transformation programs.

Strong understanding of VaR, stress testing, scenario analysis, market risk reporting, and risk data architecture.

Hands-on experience with requirements management, data analysis, process modelling, testing, and reconciliations.

Advanced SQL and Excel skills with the ability to analyze and validate complex datasets.

Excellent stakeholder management and communication skills across business and technology teams.

Experience working within highly regulated financial services environments.

Exposure to platforms such as RiskMetrics, FraimWRX, Snowflake, Power BI, Murex, or similar is highly desirable.

Location: Midtown Manhattan, New York.

Working Pattern: Hybrid, 4 days per week in the office.

Job Offer

Hourly rate: $72.56 per hour

Opportunity to play a key role in a large-scale enterprise transformation program.

Exposure to senior leadership and critical risk management initiatives.

Collaborative environment working alongside experienced risk, finance, and technology professionals.

Potential for contract extension based on project requirements and performance.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.