Credit Risk Business Analyst

Job Title: Credit Risk Business AnalystLocation: New York- Hybrid role Job Description: We are seeking a highly skilled and experienced IT Business Analyst to join our dynamic Credit Risk technology team. As a Senior IT Business Analyst, you will play a crucial role in building and enhancing Credit Risk Regulatory Capital Calculations / applications. Responsibilities: Requirements Gathering: Collaborate with stakeholders, customers, and product owners to gather and document business requirements for financial products and applications.Business Analysis: Analyze data, customer needs to inform/assist product development.Solution Design: Develop and propose solutions, creating detailed business requirements documents (BRDs), use cases, and user stories.Stakeholder Management: Communicate and manage expectations with stakeholders, including project managers, developers, QA engineers, and business leaders.Requirements Validation: Validate requirements through prototyping, user acceptance testing (UAT), and feedback sessions.Project Coordination: Assist project managers in planning, tracking, and delivering projects.Testing and Quality Assurance: Participate in testing, identify defects, and collaborate on resolution.Documentation: Maintain accurate records of requirements, design documents, and project artifacts.Compliance: Ensure adherence to regulatory requirements, industry standards, and organizational policies.Process Improvement: Identify opportunities for process enhancements and implement changes. Qualifications: Education: Bachelor's/master’s degree in business administration, Finance, Computer Science, or related fields.Experience: 10-15 years of experience in business analysis, financial products, or application development.Domain Knowledge: Strong understanding of Credit Risk, Counterparty Credit Risk, Regulatory Capital calculations (CEM and SA-CCR), Basel 3 and Basel 3.1 regulations, FR Y-15 and FR Y-9C reporting, CCAR.Analytical Skills: Excellent analytical, problem-solving, and critical thinking skills.Communication: Effective communication, presentation, and interpersonal skills.Technical Skills: Efficient in writing SQL queries. Familiarity with Agile methodologies, Jira, Visio, and requirements management toolsExperience working in global delivery model (onshore/offshore/nearshore)Certifications: Good to have Business Analysis certifications (CCBA, CBAP) or financial certifications (CFA, FRM). Job Type: Contract Pay: $80.88 - $85.26 per hour Expected hours: 40 per week Work Location: In person