At a Glance
- Tasks: Support FRTB IMA implementation and collaborate with various teams to ensure compliance.
- Company: Leading investment banking client focused on market risk frameworks.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Engage with stakeholders and work in a fast-paced, collaborative environment.
- Why this job: Join a dynamic team and make a real impact in the finance industry.
- Qualifications: Experience in market risk, FRTB implementation, and strong data analysis skills.
The predicted salary is between 50000 - 70000 £ per year.
We are seeking an experienced Business Analyst (BA) to support a leading investment banking client in their Fundamental Review of the Trading Book (FRTB) - Internal Models Approach (IMA) implementation program. The ideal candidate will have hands-on experience in FRTB implementation, strong understanding of market risk frameworks, and expertise in market data, time series analysis, and regulatory metrics such as P&L Attribution (PLA/PAT) and Risk Factor Eligibility Test (RFET).
Key Responsibilities
- Work closely with Front Office, Risk, IT, and Quant teams to support FRTB IMA implementation.
- Gather, analyze, and document business and functional requirements related to market risk and FRTB regulations.
- Support implementation of P&L Attribution Tests (PAT/PLA) and Risk Factor Eligibility Test (RFET) frameworks.
- Analyze and validate market data inputs, time series construction, data gaps, and modellability requirements.
- Perform data analysis and reconciliation across systems to ensure regulatory compliance.
- Collaborate with IT teams on system enhancements, data pipelines, and model integration.
- Assist in UAT planning, execution, and defect tracking.
- Produce high-quality documentation including BRDs, FRDs, process flows, and test cases.
- Engage with stakeholders to ensure alignment with BCBS FRTB regulatory requirements.
- Support regulatory reporting and audit queries.
Required Skills & Experience
- Strong experience as a Business Analyst in Market Risk / Investment Banking domain.
- Proven hands-on experience in FRTB (IMA) implementation.
- In-depth understanding of market risk concepts (VaR, ES, sensitivities, etc.), P&L Attribution Test (PAT/PLA), Risk Factor Eligibility Test (RFET), market data & time series modelling.
- Hands-on experience in data analysis using Python (pandas, numpy, etc.).
- Strong SQL/data querying skills.
- Experience working with large datasets and risk systems.
- Excellent stakeholder management and communication skills.
- Familiarity with regulatory frameworks (Basel / BCBS).
Preferred / Nice-to-Have Skills
- Exposure to risk engines (e.g., Murex, Calypso, Athena, or in-house platforms).
- Understanding of modellability, stress testing, and ES calculations.
- Experience working with quants or model validation teams.
- Knowledge of Agile delivery methodologies.
Education
- Bachelor's / Master's degree in Finance, Mathematics, Engineering, or related field.
Business Analyst - FRTB IMA (Market Risk) employer: CRISIL Limited
Join a dynamic investment banking environment where your expertise as a Business Analyst will be valued and nurtured. Our collaborative work culture fosters innovation and professional growth, offering you the opportunity to engage with cross-functional teams while contributing to critical regulatory projects like FRTB IMA implementation. With a focus on employee development and a commitment to excellence, we provide a rewarding workplace that empowers you to make a meaningful impact in the financial sector.
StudySmarter Expert Advice🤫
We think this is how you could land Business Analyst - FRTB IMA (Market Risk)
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like CRISIL Limited. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Business Analyst - FRTB IMA (Market Risk)
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to CRISIL Limited.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on CRISIL Limited's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at CRISIL Limited
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with CRISIL Limited.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at CRISIL Limited will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former CRISIL Limited employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
