Market Risk Business Analyst.
This mandate is run by SYMPHONI HR, a Mumbai-based executive search firm, est. 2003. Applications are email-verified and reach the search team running the role — confidentially, always.
About the organisation.
We are a leading, agile, and innovative global analytics company dedicated to making markets function better. Our organization is powered by deep expertise, unparalleled analytics, and a commitment to relentless innovation. We foster a collaborative, people-first culture that encourages continuous learning and professional growth.
About the role.
We are seeking an experienced Business Analyst to support a leading investment banking client in their Fundamental Review of the Trading Book (FRTB) – Internal Models Approach (IMA) implementation program. The ideal candidate will bridge the gap between technical teams and business stakeholders to ensure regulatory compliance and robust risk framework integration.
What you will do.
- Work closely with Front Office, Risk, IT, and Quant teams to support FRTB IMA implementation.
- Gather, analyze, and document business and functional requirements related to market risk and FRTB regulations.
- Support the implementation of P&L Attribution Tests (PAT/PLA) and Risk Factor Eligibility Test (RFET) frameworks.
- Analyze and validate market data inputs, time series construction, data gaps, and modellability requirements.
- Perform data analysis and reconciliation across systems to ensure regulatory compliance.
- Collaborate with IT teams on system enhancements, data pipelines, and model integration.
- Assist in UAT planning, execution, and defect tracking.
- Produce high-quality documentation including BRDs, FRDs, process flows, and test cases.
- Engage with stakeholders to ensure alignment with BCBS FRTB regulatory requirements.
- Support regulatory reporting and audit queries.
What you bring.
- Strong experience as a Business Analyst in the Market Risk or Investment Banking domain.
- Proven hands-on experience in FRTB (IMA) implementation.
- In-depth understanding of market risk concepts, P&L Attribution Test (PAT/PLA), and Risk Factor Eligibility Test (RFET).
- Hands-on experience in data analysis using Python (pandas, numpy, etc.).
- Strong SQL and data querying skills.
- Experience working with large datasets and risk systems such as Murex, Calypso, or Athena.
- Excellent stakeholder management and communication skills.
- Bachelor’s or Master’s degree in Finance, Mathematics, Engineering, or a related field.
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