Senior Business Analyst – Counterparty Credit Risk (CCR)

<p style=" line-height:normal;">Screening questions will verify hands-on experience with CCR exposure metrics, derivatives risk environments, and data validation in risk change programmes. </p><p style=" line-height:normal;"><br></p><p style=" line-height:normal;">📍 <strong>Mumbai (Hybrid)</strong><br>🏦 <strong>Banking / Financial Services – Risk Change Programme</strong><br>💼 <strong>Experience: 4–8 years</strong></p><p style=" line-height:normal;">We are hiring a <strong>Business Analyst with hands-on Counterparty Credit Risk (CCR) experience</strong> to support <strong>risk transformation and regulatory initiatives</strong> within a global financial services environment.</p><p style=" line-height:normal;">This role sits within the <strong>Risk Change team</strong>, working across <strong>Risk Management, Technology, and Front Office stakeholders</strong> to deliver change across <strong>CCR exposure calculation platforms, risk data frameworks, and regulatory programmes.</strong></p><p style=" line-height:normal;">Candidates with experience in <strong>derivatives exposure, CCR risk metrics, or Basel regulatory initiatives</strong> will be particularly relevant.</p><div align="center" style="margin-bottom:0cm;margin-bottom:.0001pt; text-align:center;line-height:normal;"><hr align="center"></div><p style=" line-height:normal;"><strong>Role Overview</strong></p><p style=" line-height:normal;">As a <strong>Business Analyst in the Risk Change team</strong>, you will support delivery of projects related to:</p><p style=" line-height:normal;">• Counterparty Credit Risk exposure calculations<br>• Risk data platforms and analytics frameworks<br>• Regulatory change initiatives<br>• Strategic risk system transformations</p><p style=" line-height:normal;">You will work closely with <strong>Lead Business Analysts, programme managers, risk SMEs, and technology teams</strong> to translate business requirements into system and process improvements.</p><div align="center" style="margin-bottom:0cm;margin-bottom:.0001pt; text-align:center;line-height:normal;"><hr align="center"></div><p style=" line-height:normal;"><strong>Key Responsibilities</strong></p><p style=" line-height:normal;"><strong>Risk Change Programme Delivery</strong></p><ul type="disc"><li style=" line-height:normal;">Support delivery of <strong>Counterparty Credit Risk change initiatives</strong></li><li style=" line-height:normal;">Work with risk stakeholders to capture <strong>business and functional requirements</strong></li><li style=" line-height:normal;">Contribute to <strong>risk platform and data architecture enhancements</strong></li></ul><p style=" line-height:normal;"><strong>Business Analysis</strong></p><ul type="disc"><li style=" line-height:normal;">Produce documentation including <strong>BRDs, functional specifications, and process flows</strong></li><li style=" line-height:normal;">Create <strong>data mapping artefacts and workflow diagrams</strong></li><li style=" line-height:normal;">Ensure documentation aligns with <strong>SDLC governance standards</strong></li></ul><p style=" line-height:normal;"><strong>Requirements &amp; Stakeholder Management</strong></p><ul type="disc"><li style=" line-height:normal;">Participate in <strong>requirements workshops with risk SMEs</strong></li><li style=" line-height:normal;">Translate discussions into <strong>user and functional requirements</strong></li><li style=" line-height:normal;">Collaborate with <strong>Risk, Technology, and Front Office teams</strong></li></ul><p style=" line-height:normal;"><strong>Testing &amp; Implementation</strong></p><ul type="disc"><li style=" line-height:normal;">Support <strong>test planning and test strategy development</strong></li><li style=" line-height:normal;">Write <strong>test cases and scenarios</strong></li><li style=" line-height:normal;">Coordinate <strong>User Acceptance Testing (UAT) cycles</strong></li><li style=" line-height:normal;">Track defects and support release implementation</li></ul><p style=" line-height:normal;"><strong>Data Analysis</strong></p><ul type="disc"><li style=" line-height:normal;">Perform <strong>data validation against risk models and business rules</strong></li><li style=" line-height:normal;">Support analysis related to <strong>risk exposure calculations</strong></li><li style=" line-height:normal;">Work with <strong>risk data models and exposure datasets</strong></li></ul><div align="center" style="margin-bottom:0cm;margin-bottom:.0001pt; text-align:center;line-height:normal;"><hr align="center"></div><p style=" line-height:normal;"><strong>Domain Expertise Required</strong></p><p style=" line-height:normal;">Candidates should have working exposure to <strong>Counterparty Credit Risk frameworks</strong>, including familiarity with:</p><p style=" line-height:normal;">• Potential Future Exposure (PFE)<br>• Expected Exposure (EE / EEPE)<br>• Probability of Default (PD)<br>• Loss Given Default (LGD)<br>• Exposure at Default (EAD)<br>• Value at Risk (VaR)<br>• Risk Weighted Assets (RWA)</p><p style=" line-height:normal;">Experience with <strong>IMM modelling approaches, derivatives exposure modelling, or stress testing frameworks</strong> is advantageous.</p><p style=" line-height:normal;">Exposure to regulatory frameworks such as:</p><ul type="disc"><li style=" line-height:normal;"><strong>Basel III</strong></li><li style=" line-height:normal;"><strong>BCBS 239</strong></li><li style=" line-height:normal;"><strong>FRTB</strong></li></ul><p style=" line-height:normal;">is beneficial.</p><div align="center" style="margin-bottom:0cm;margin-bottom:.0001pt; text-align:center;line-height:normal;"><hr align="center"></div><p style=" line-height:normal;"><strong>Business Analysis Skills</strong></p><p style=" line-height:normal;">Strong experience in:</p><p style=" line-height:normal;">• Requirements elicitation and documentation<br>• Business Requirement Documents (BRD)<br>• Functional specifications<br>• Process flows and data mapping<br>• Agile or Waterfall SDLC environments<br>• User Acceptance Testing coordination</p><p style=" line-height:normal;">Ability to perform <strong>structured data analysis and validate outputs against business rules</strong> is expected.</p><div align="center" style="margin-bottom:0cm;margin-bottom:.0001pt; text-align:center;line-height:normal;"><hr align="center"></div><p style=" line-height:normal;"><strong>Technical Skills</strong></p><p style=" line-height:normal;">Preferred technical exposure includes:</p><p style=" line-height:normal;">• <strong>SQL for data querying and validation</strong><br>• Advanced <strong>Excel and PowerPoint</strong><br>• <strong>Visio / process modelling tools</strong><br>• Exposure to <strong>Python for data analysis or automation</strong> (advantageous)</p><div align="center" style="margin-bottom:0cm;margin-bottom:.0001pt; text-align:center;line-height:normal;"><hr align="center"></div><p style=" line-height:normal;"><strong>Ideal Candidate Profile</strong></p><p style=" line-height:normal;">This role is ideal for professionals who have:</p><p style=" line-height:normal;">✔ Experience working in <strong>Counterparty Credit Risk or derivatives risk environments</strong><br>✔ Delivered <strong>risk change or regulatory programmes</strong><br>✔ Worked with <strong>risk exposure calculations or risk data platforms</strong><br>✔ Experience supporting <strong>UAT and data validation in banking projects</strong></p><div align="center" style="margin-bottom:0cm;margin-bottom:.0001pt; text-align:center;line-height:normal;"><hr align="center"></div><p style=" line-height:normal;"><strong>Education &amp; Certifications</strong></p><p style=" line-height:normal;">Preferred background includes:</p><p style=" line-height:normal;">• Degree in <strong>Finance, Engineering, Mathematics, Computer Science, or related discipline</strong><br>• Certifications such as <strong>FRM, CFA, PMP, or CQF</strong> are advantageous<br>• MBA in <strong>Finance or Risk</strong> is a plus</p>