At a Glance
- Tasks: Analyse market risk data and support regulatory reporting initiatives.
- Company: Join a leading global banking institution with a focus on innovation.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Collaborative environment with exposure to diverse teams and projects.
- Why this job: Make an impact in the financial sector while developing your analytical skills.
- Qualifications: Experience in capital markets and strong analytical skills required.
The predicted salary is between 60000 - 80000 £ per year.
We are seeking a Business Analyst with strong expertise in Market Risk and regulatory reporting to support critical initiatives across Global Markets Risk (RRA). This role will focus on delivering high-quality data analysis, reconciliation and regulatory reporting solutions, with particular emphasis on FRTB (Fundamental Review of the Trading Book). The ideal candidate will have a deep understanding of risk data, sensitivities and reporting frameworks, along with the ability to work across risk, front-office and technology teams to drive accurate and compliant outcomes.
Key Responsibilities
- Gather, analyze and document business and data requirements for regulatory risk reporting initiatives
- Support delivery of FRTB-related programs, including SA (Standardized Approach) and IMA (Internal Models Approach) where applicable
- Perform data analysis, reconciliation and validation across risk systems and reporting layers
- Define and document data mappings, transformations and lineage for risk factors and sensitivities
- Create clear acceptance criteria, test cases (SIT/UAT) and support validation activities
- Work closely with Risk, Front Office and Technology teams to ensure alignment and timely delivery
- Identify and resolve data quality and reconciliation issues across systems
- Contribute to improving risk reporting processes, controls and governance frameworks
Must-Have Skills
- Strong experience as a Business Analyst in Capital Markets / Market Risk
- Hands-on experience with FRTB frameworks: Standardized Approach (SA) (mandatory), Internal Models Approach (IMA) (preferred)
- Strong understanding of risk sensitivities and risk factors, market risk data and calculations, and regulatory reporting requirements
- Proven experience in data analysis, reconciliation and validation
- Ability to define test cases, SIT/UAT support and acceptance criteria
- Strong analytical, problem-solving and communication skills
Domain Experience (Critical)
- Experience across Global Markets products, including Rates, Credit, Equities, Derivatives
- Strong understanding of risk and PnL workflows, trade lifecycle and reporting processes
- Exposure to working with Market Risk teams, Front Office stakeholders, Technology and data teams
Technical & Data Skills (Preferred)
- Strong working knowledge of data analysis tools (e.g., SQL, Excel, Python basics)
- Understanding of data models, lineage and transformation logic
- Experience working with large datasets and enterprise data platforms
- Familiarity with risk data warehouses or reporting platforms
Good-to-Have
- Experience in regulatory change or transformation programs
- Exposure to data governance and control frameworks
- Prior experience in global banking environments
- Understanding of risk analytics platforms (e.g., Quartz, SecDB, Athena or similar)
Business Analyst - FRTB & Market Risk employer: CRISIL Limited
As a leading player in the financial services sector, we pride ourselves on fostering a dynamic and inclusive work environment that encourages professional growth and collaboration. Our commitment to employee development is reflected in our comprehensive training programmes and opportunities to engage with cross-functional teams, particularly in the vibrant city where this role is based. Join us to be part of a forward-thinking organisation that values innovation and excellence in Market Risk analysis.
StudySmarter Expert Advice🤫
We think this is how you could land Business Analyst - FRTB & 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 & 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.
