Market Risk Tech Business Analyst - Risk models, FRTB, SQL

About the Company

Our client, a major Australian bank, requires an experienced Techno-Functional Business Analyst to support its Risk Technology function in migration, maintenance, upgrade, and optimization initiatives.

About the Rol

eThe role involves working with Treasury Front Office, TMO, and Risk teams to deliver a stable and efficient risk management platform for market and funding risk management. It demands a combination of deep domain expertise and strong technical skills in Python, SQL, and front-end technologies. The consultant will act as a bridge between business, risk, and technology teams by translating market risk requirements into scalable solutions

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Responsibiliti

• esSupport enhancements and optimization initiatives for Market and Credit Risk across the bank's risk technology platform, encompassing functional analysis and technical solution suppor
• t.Collaborate with business stakeholders, Risk, Front Office, quantitative analysts, and IT teams to gather requirement
• s.Participate in functional testing and parallel run activities to validate mark-to-market differences and risk measure accuracy between front-office and risk system
• s.Validate and analyze market and reference data across asset classes, including Bonds, Commodities, IRD, FX, and Fixed Income products for Market Risk and FRT
• B.Maintain, query, and optimize risk data structures and databases for the risk engine and associated systems, establishing controls for data lineage, reconciliation, and data integrit
• y.Develop and utilize Python- and SQL-based tools for data analysis, validation, reconciliation, control reporting, test automation, and issue investigatio
• n.Support front-end enhancements for internal tools, dashboards, and business workflows using AI technologies to improve usability and operational efficienc
• y.Analyze and resolve issues related to system configuration, pricing, sensitivities, market data, and trade processing, coordinating remediation with technical team
• s.Own and lead implementation of Market Risk configurations, including stress testing, back-testing, scenario analysis, and reporting framework
• s.Conduct impact analysis and validation of risk measures such as VaR, PV01, CR01, sensitivities, and PnL vectors, including explaining differences across system
• s.Troubleshoot and debug complex issues in risk calculations, data flows, interfaces, and reporting outputs through functional expertise and technical analysi
• s.Prepare and review business requirement documents, functional specifications, and user documentation across risk stream

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Qualificati

• ons8+ years of experience as a Business Analyst in Risk domains, with a strong techno-functional delivery backgrou

nd.
Required Sk

• illsCredit
• RiskMarket
• RiskPy
• tho

nSQL
Preferred S

• killsExperience with OTC trading and risk platforms such as Murex, Calypso, and
• FIS.Experience with Unix/Linux environments and scripting for operational support and automa
• tion.Exposure to Git, CI/CD pipelines, and modern development lifecycle pract
• ices.Familiarity with AI-assisted development tools such as Cursor, Claude, or similar engineering productivity platf
• orms.FRM, CQF, CFA, or similar relevant certifica