Business Analyst/Senior Business Analyst - Credit Risk - Investment Banking

Business Analyst- Investment Banking

Job title : Business Analyst/Sr. Business Analyst - Credit Risk (Standardized Approach for Counterparty Credit Risk; SA-CCR)

Location Pune, India

Experience 4 - 7 years

Job Duties

- Assist in determining the project scope, functional design, and process flows for credit risk projects under CRO Change specifically SA CCR

- Play an integral role in implementation of Basel III - SA-CCR requirements, methodologies, frameworks and paradigms to support on-going business unit reporting and analysis functions

- The Business Analysts (BA) will report to the work-stream leads. The role of BAs is to help

- Determine the functional delivery roadmap

- Assist with the resolution of analysis related risks and issues

- BAs will be required to prepare Business Requirement Documents, Functional Requirement Documents, defining testing approach, writing and execution of scripts as part of Functional Testing

- BAs will also work with the IT teams to convert these into technical specifications for implementation of the services as well as getting involved in the System and User testing

- Candidate needs to be a SME on Counterparty Credit Risk (SA-CCR; IMM - internal model method, CEM - Current Exposure Method), Change management.

- Understand maximum potential exposure to estimate counter party credit risk for counterparty trades as well as structured counterparty trades across different asset class (FX, Fixed income, Commodity, etc.) as per the new regulatory guidelines - SA-CCR

- Understand and be able to comprehend the difference in CVA (credit value adjustment) under the old framework (CEM) and new framework (SA-CCR)

- Liaise with different stakeholders and ensuring timely delivery of regulatory reporting as per new guidelines

- Dealing with risk business users, stakeholders and IT teams located across the globe on a daily basis

- Work across other credit / market risk related projects and provide support on adhoc requests, if required e.g. wrong way risk, OTC haircuts calculation, exposure measurement methodology enhancement

Qualification :

- B.E (IT) with post graduate degree/diploma from a reputed institute; FRM/CFA will be a plus

Skills Required :

- Has worked within an IB Credit Risk function and has knowledge of credit risk and counterparty credit risk (Basel II & III) regulations; SME on Counterparty Credit Risk (SA-CCR; IMM - internal model method, CEM)

- Sound understanding of Basel III, CRD IV (Capital Requirements Directive) and Fed/other regulatory requirements (preferably from an Investment Bank or consultancy background in Credit Risk)

- Knowledge of credit risk regulatory rules/measures; for instance:

- Margin requirements for non-centrally cleared derivatives (BCBS/IOSCO), or CVA calculations or Credit-exposure limits (concentration risk)

- Counterparty risk measures such as EPE, VaR, Wrong-way risk, Monte Carlo simulations, Stressed & Unstressed calculations

- Minimum 3 years of experience in Capital Markets

- Understanding of Banking operations, IB products and banking regulations, and risk management systems

- Good analytical and problem solving skills along with excellent verbal and written communication skills

- Ability to work with colleagues across global locations remotely

- The candidate should be process oriented, have attention to detail, and have good self-management skills

About CRISIL GR&A : CRISIL Global Research & Analytics (GR&A) is the largest and top-ranked provider of high end research and analytics services to the world's leading commercial and investment banks, insurance companies, corporations, consulting firms, private equity firms and asset management firms. CRISIL GR&A operates from research centers in Argentina, China, India and Poland, providing research support across several time zones and in multiple languages to global organizations. It has deep expertise in the areas of equity and fixed income research (covering global economies, 150 global sectors and over 3000 global companies), credit analysis, exotic derivatives valuation, structured finance, risk modeling and management, actuarial analysis and business intelligence.

CRISIL GR&A includes Irevna, Pipal Research and Coalition, firms which were acquired by CRISIL. For more information, please visit www.irevna.com, www.pipalresearch.com and www.coalition.com