Senior Business Analyst – Counterparty Credit Risk (CCR) - Mumbai

NextWave Consulting

Mumbai, Maharashtra
Permanent
Full-time

1 month ago

Screening questions will verify hands-on experience with CCR exposure metrics, derivatives risk environments, and data validation in risk change programmes.📍 Mumbai (Hybrid)
🏦 Banking / Financial Services - Risk Change Programme
💼 Experience: 4-8 yearsWe are hiring a Business Analyst with hands-on Counterparty Credit Risk (CCR) experience to support risk transformation and regulatory initiatives within a global financial services environment.This role sits within the Risk Change team, working across Risk Management, Technology, and Front Office stakeholders to deliver change across CCR exposure calculation platforms, risk data frameworks, and regulatory programmes.Candidates with experience in derivatives exposure, CCR risk metrics, or Basel regulatory initiatives will be particularly relevant.Role OverviewAs a Business Analyst in the Risk Change team, you will support delivery of projects related to:

Counterparty Credit Risk exposure calculations
Risk data platforms and analytics frameworks
Regulatory change initiatives
Strategic risk system transformations

You will work closely with Lead Business Analysts, programme managers, risk SMEs, and technology teams to translate business requirements into system and process improvements.Key ResponsibilitiesRisk Change Programme Delivery

Support delivery of Counterparty Credit Risk change initiatives
Work with risk stakeholders to capture business and functional requirements
Contribute to risk platform and data architecture enhancements

Business Analysis

Produce documentation including BRDs, functional specifications, and process flows
Create data mapping artefacts and workflow diagrams
Ensure documentation aligns with SDLC governance standards

Requirements & Stakeholder Management

Participate in requirements workshops with risk SMEs
Translate discussions into user and functional requirements
Collaborate with Risk, Technology, and Front Office teams

Testing & Implementation

Support test planning and test strategy development
Write test cases and scenarios
Coordinate User Acceptance Testing (UAT) cycles
Track defects and support release implementation

Data Analysis

Perform data validation against risk models and business rules
Support analysis related to risk exposure calculations
Work with risk data models and exposure datasets

Domain Expertise RequiredCandidates should have working exposure to Counterparty Credit Risk frameworks, including familiarity with:

Potential Future Exposure (PFE)
Expected Exposure (EE / EEPE)
Probability of Default (PD)
Loss Given Default (LGD)
Exposure at Default (EAD)
Value at Risk (VaR)
Risk Weighted Assets (RWA)

Experience with IMM modelling approaches, derivatives exposure modelling, or stress testing frameworks is advantageous.Exposure to regulatory frameworks such as:

Basel III
BCBS 239
FRTB

is beneficial.Business Analysis SkillsStrong experience in:

Requirements elicitation and documentation
Business Requirement Documents (BRD)
Functional specifications
Process flows and data mapping
Agile or Waterfall SDLC environments
User Acceptance Testing coordination

Ability to perform structured data analysis and validate outputs against business rules is expected.Technical SkillsPreferred technical exposure includes:

SQL for data querying and validation
Advanced Excel and PowerPoint
Visio / process modelling tools
Exposure to Python for data analysis or automation (advantageous)

Ideal Candidate ProfileThis role is ideal for professionals who have:✔ Experience working in Counterparty Credit Risk or derivatives risk environments
✔ Delivered risk change or regulatory programmes
✔ Worked with risk exposure calculations or risk data platforms
✔ Experience supporting UAT and data validation in banking projectsEducation & CertificationsPreferred background includes:

Degree in Finance, Engineering, Mathematics, Computer Science, or related discipline
Certifications such as FRM, CFA, PMP, or CQF are advantageous
MBA in Finance or Risk is a plus

NextWave Consulting

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