Job Title: Business Analyst (Credit Risk, Market Risk, Counterparty Risk)

Location: New York, NY (onsite)

Duration: 12 months

Job Type: W2 contract.

We are seeking an experienced Risk Business Analyst to bridge the gap between our Risk Management organization and Technology teams in New York City. This role requires deep subject matter expertise in Credit Risk, Market Risk, and Counterparty Credit Risk (CVA) to drive requirements for risk system enhancements, regulatory implementations, and data infrastructure projects.

Key Responsibilities

Risk Analysis & Requirements

• Elicit and document detailed business requirements for risk measurement systems (VaR, PFE, EPE, SIMM, SA-CCR)
• Analyze data flows for risk aggregation, stress testing (CCAR/DFAST), and regulatory reporting (Basel III/IV, FRB 2052a)
• Define specifications for limit monitoring, collateral management, and risk attribution
  
  

• Serve as liaison between Front Office, Risk Managers, Quants, and IT teams
• Conduct gap analysis of current systems vs. business needs for trading book/banking book risks
• Present solution recommendations to senior stakeholders
  
  

• Lead UAT for risk system implementations
• Create data dictionaries and mapping documents for risk factor transformations
• Support remediation of audit findings and regulatory requirements
  
  

• 9+ years as a Risk Business Analyst in capital markets
• Hands-on experience with:
• Credit Risk: Exposure methodologies (PFE, EAD), ratings, RWA calculations
• Market Risk: VaR (Historical/Parametric), stress testing, product coverage
• Counterparty Risk: CVA/DVA, margin frameworks (SIMM, ISDA SIMM)
  

• Proficient in SQL for data analysis
• Experience with risk systems: Moodys RiskFrontier, Algorithmics, Bloomberg MARS, RiskMetrics
• Understanding of risk data models and regulatory timelines
  
  

• Exceptional communication for technical and non-technical audiences
• Proven ability to manage conflicting priorities