IT Business Analyst(Market Risk)-5-9Years-Pune

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Job Overview

The IT Business Intermediate Analyst is an intermediate-level position responsible for liaising between business users and technologists to exchange information in a concise, logical and understandable way in coordination with the Technology team. The overall objective of this role is to contribute to continuous iterative exploration and investigation of business performance and other measures to gain insight and drive business planning.

Responsibilities:

• Liaise with stakeholders across the Risk and Front Office Technology, Counterparty Risk Management, Finance and Front Office business organizations, and external Market Regulators to assemble business requirements for Counterparty Risk Technology projects.
• Manage expectations of various stakeholder groups and help negotiate solutions to complex problems.
• Project manage complex Counterparty Credit Risk projects end to end. Accurately record, maintain, and report Program/Project management tracking data such as milestones via Citi’s internal project tracking systems.
• Help assemble/manage detailed documentation covering Counterparty Risk calculations and other processing, to be used to discuss technology implementation details with the Business users and Market Regulators in various countries/regions. Create flow diagrams, structure charts, and other types of system or process representations when appropriate.
• Facilitate and drive project meetings with both business and technology teams.
• Develop and review test scripts with business users as well as technology teams for System, User and Impact testing.
• Understand, analyse, and explain counterparty mark-to-future exposures on Derivatives books to users. Investigate Potential Future Exposure/EPE/EAD/RWA and related calculations for internal risk management and BASEL regulatory capital reporting based on the exposure profiles generated by the systems.
• Ability to trace changes in day to day exposures to changes in markets, books and or legal agreements.
• Where feasible develop excel prototypes to demonstrate and analyse risk calculations.

Qualifications:

• Experienced in Business Analysis and SDLC. Project Management experience a key advantage.
• 2-5 years experience in the Capital Markets domain.
• Understanding of the mechanics and life cycle of derivatives products, including Options, Futures, Forwards and Swaps is mandatory. Knowledge of Securities Financing Transactions (SFT) products an advantage.
• Understanding of Risk concepts especially Counterparty Credit Risk is an advantage,
  • Potential Future Exposure, Margin (ISDA MNA and CSA), Collateral Haircut, Liquidity and Period of Risk, Settlement Risk.
  • Understanding of Basel III/IV and any other relevant Risk Regulations and measures including PSE, RWA, EAD.
  • Knowledge of Market Risk an advantage including Credit Value Adjustment (CVA).
• Experience working with global teams across time zones.
• Proficiency in MS Office (Word, Excel, Visio, PowerPoint)
• Data Analysis capabilities (Database or Spreadsheet), with extensive experience using Excel required.

Education:

• Bachelor's degree/University degree or equivalent experience, Master's degree an advantage.
• Graduate in STEM (Science, Technology, Engineering and Mathematics) or Finance discipline.
• FRM/CFA or other Financial mathematics degree or certification is an advantage.

Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.

Competencies:

• Excellent verbal and written English.
• Ability to collaborate effectively in a large global team.
• Ability to take ownership and proactively follow up on issues.
• Ability to work well under pressure, to agreed and often challenging deadlines.
• Strong organization skills.