Market Risk QA Lead

We are seeking a detail-oriented and experienced AVP-level Market Risk QA to carry out functional testing, regression testing, and other related testing, governance, and quality assurance across Market Risk technology platforms and regulatory change initiatives. The ideal candidate will bring strong experience in banking or financial services testing, with a solid understanding of market risk systems, data flows, and end-to-end testing practices. The role requires leadership of both Run-the-Bank (RTB) and change programmes, ensuring high-quality, stable, and compliant releases through structured test governance, automation, and stakeholder collaboration. This position will work closely with Risk, Front Office, IT, and Change teams to deliver resilient and scalable solutions aligned with regulatory and business objectives.

Responsibilities

• Perform functional, regression, and end-to-end testing for Market Risk systems and enhancements.
• Validate Market Risk workflows, calculations, and data accuracy across upstream and downstream systems.
• Design, prepare, and execute detailed test cases and scenarios based on business and functional requirements.
• Support release cycles by conducting SIT, UAT, and production verification testing.
• Identify, log, track, and retest defects, working closely with development and business stakeholders for timely resolution.
• Maintain and update test artefacts including test plans, test cases, and regression packs in Xray or relevant test management tools.
• Participate in requirement walkthroughs and provide early feedback to improve test coverage and overall quality.
• Support test automation and continuous improvement initiatives where applicable.
• Ensure adherence to testing standards, governance processes, and documentation requirements.
• Ensure effective environment management, test data preparation, and dependency coordination.

Required Qualifications & Skills

• Hands-on experience in functional and regression testing within banking or financial services.
• Experience testing Market Risk or Risk/Trading systems (e.g., VaR, sensitivities, PnL, limit monitoring, trade lifecycle flows).
• Strong understanding of SDLC/STLC and defect management processes.
• Strong focus on governance, controls, and quality metrics.
• Generating Test pack for planned releases covering all test reports and evidences, aligning to all critical stakeholders to get sign off for QA activities.
• Create Regression Test Pack and track the execution using the Jira add-in X-ray.
• Experience with test management tools such as Xray, JIRA, or similar.
• Ability to analyse business requirements and translate them into effective test scenarios.
• Good knowledge of SQL/data validation and reconciliation testing.
• Strong analytical and problem-solving skills with attention to detail.
• Effective communication and stakeholder collaboration skills.
• Exposure to automation frameworks or scripting (nice to have).

Personal Attributes

• An individual with excellent written, verbal and interpersonal communication skills who can communicate effectively with end users, peers across the IT function and direct management.
• A dependable self-starter who can take appropriate action with minimal direction.
• An individual who can effectively manage multiple testing workstreams and tasks.
• An individual able to navigate technical complexity with analytical, problem solving and solution driven mindset.
• A customer focused individual, who is flexible and eager to take ownership of issues and RTB initiatives.
• An individual who demonstrates a consistent and meticulous attention to detail.
• An individual who can work under pressure to resolve issues and maintain a positive outlook.
• An individual who can work collaboratively with multiple support teams on emerging issues.
• An individual with keen interest to build a career in software testing, test automation and quality assurance.

Preferred Skills

• Experience with Market Risk systems, trade lifecycle flows, and risk/reporting platforms.
• Exposure to regulatory initiatives (e.g., MiFID, risk reporting, controls and audit requirements).
• Experience implementing test automation frameworks and CI/CD pipelines.
• Knowledge of SQL/data validation and reconciliation techniques.
• Experience managing distributed or offshore QA teams.
• Familiarity with tools such as Confluence, Visio, and reporting dashboards.

If you believe you have the experience required, please apply with your CV now for instant consideration!