Full job description We are seeking an experienced Business Analyst (BA) 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 have hands-on experience in FRTB implementation, strong understanding of market risk frameworks, and expertise in market data, time series analysis, and regulatory metrics such as P&L Attribution (PLA/PAT) and Risk Factor Eligibility Test (RFET).
Key Responsibilities
*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 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.
Required Skills & Experience
*Strong experience as a Business Analyst in Market Risk / Investment Banking domain.
*Proven hands-on experience in FRTB (IMA) implementation.
*In-depth understanding of:
*Market risk concepts (VaR, ES, sensitivities, etc.)
*P&L Attribution Test (PAT/PLA)
*Risk Factor Eligibility Test (RFET)
*Market data & time series modelling
*Hands-on experience in data analysis using Python (pandas, numpy, etc.).
*Strong SQL/data querying skills.
*Experience working with large datasets and risk systems.
*Excellent stakeholder management and communication skills.
*Familiarity with regulatory frameworks (Basel / BCBS).
Preferred / Nice-to-Have Skills
*Exposure to risk engines (e.g., Murex, Calypso, Athena, or in-house platforms).
*Understanding of modellability, stress testing, and ES calculations.
*Experience working with quants or model validation teams.
*Knowledge of Agile delivery methodologies.
Education
*Bachelor’s / Master’s degree in Finance, Mathematics, Engineering, or related field.