Market Risk Technical BA/DA

Job Title: Market Risk Technical BA/DA Location: Jersey City, NJ (Hybrid) Duration: 06+ months (Contract to Full Time) Position Overview The Client is seeking a highly skilled Market Risk Senior Technical Lead Analyst to join its Market Risk Technology organization. This is a critical hybrid role that sits at the intersection of Market Risk, Capital Markets, Data Analysis, and Technology Engineering, supporting strategic initiatives related to market risk calculations, data quality, and the implementation of new regulatory requirements, including the Fundamental Review of the Trading Book (FRTB). This role requires a rare blend of deep Market Risk domain expertise, strong data analysis and technical skills, and the ability to translate complex risk concepts into scalable technology solutions. The successful candidate will work closely with Market Risk Managers, Front Office stakeholders, Quants, and Technology teams to analyze large-scale risk datasets, investigate calculation and data quality issues, and support the development of next-generation risk platforms. The ideal candidate is a hands-on individual contributor who can independently perform detailed analysis, explain complex risk concepts, and drive resolution of data, calculation, and technology issues in a fast-paced capital markets environment. Key Responsibilities Market Risk Analysis & Risk Calculations • Analyze and validate market risk calculations across multiple asset classes including Equities, Fixed Income, FX, Commodities, and Derivatives. • Support the implementation and enhancement of FRTB-related risk calculations and regulatory requirements. • Investigate Value-at-Risk (VaR), Stress Testing, Scenario Analysis, Expected Shortfall (ES), and related market risk metrics. • Evaluate unexpected risk results and determine whether issues stem from calculation logic, data quality, model assumptions, or technology defects. • Provide detailed analysis and recommendations to Market Risk and senior business stakeholders. Data Analysis & Data Quality Management • Perform hands-on analysis of large-scale market risk datasets, potentially involving hundreds of millions of records across multiple dimensions and asset classes. • Identify data quality issues, data anomalies, reconciliation breaks, and calculation inconsistencies. • Act as a data steward by defining data quality expectations and partnering with technology teams to remediate issues. • Conduct root-cause analysis and validate corrective actions. Technology & Platform Development • Support and enhance market risk platforms, ensuring accuracy, scalability, performance, and regulatory compliance. • Utilize Python and SQL to automate processes, develop analytical tools, and improve operational efficiency. • Partner with engineering teams to identify, troubleshoot, and resolve system defects. • Contribute to greenfield development initiatives supporting future-state market risk and FRTB platforms. Stakeholder Engagement & Business Partnership • Collaborate with Front Office, Market Risk, Quantitative Research, and Technology teams. • Explain complex risk calculations, data issues, and analytical findings to both technical and non-technical audiences. • Support business users by providing clear explanations of expected and unexpected risk outcomes. • Manage dependencies across business, data, and technology workstreams. Testing & Delivery • Lead and support User Acceptance Testing (UAT) activities for system enhancements, regulatory changes, and new product onboarding. • Validate implementation results and ensure business requirements are accurately delivered. • Contribute throughout the full Software Development Lifecycle (SDLC). Leadership & Mentorship • Provide technical guidance and mentorship to junior analysts and developers. • Promote best practices in risk analysis, data management, and software development. • Drive continuous improvement initiatives across risk technology processes and platforms. Required Qualifications Experience • 10+ years of experience in Market Risk, Capital Markets, Quantitative Risk Analytics, Risk Technology, or Front Office Technology within a financial institution, investment bank, asset manager, or consulting organization supporting capital markets clients. • Demonstrated hands-on experience working with Market Risk data, calculations, and analytics. • Proven ability to independently analyze complex business and data problems. • Experience supporting large-scale regulatory or risk transformation initiatives. Market Risk & Capital Markets Expertise Strong practical knowledge of: • Market Risk methodologies • Value-at-Risk (VaR) • Expected Shortfall (ES) • Stress Testing • Scenario Analysis • Greeks and Sensitivity Analysis • Capital Markets products • Equities • Fixed Income • Foreign Exchange (FX) • Commodities • Derivatives • Market Risk data structures and attributes • Regulatory frameworks including: • FRTB • Basel III / Basel IV • CCAR • ICAAP Technical Skills • Advanced SQL with strong understanding of: • Joins • Data modeling • Complex query development • Large-scale data analysis • Strong Python experience for: • Data analysis • Automation • Investigation and reconciliation activities • Experience working with large datasets and distributed data environments. • Experience with visualization and reporting tools such as Power BI, Tableau, or similar platforms. Education • Bachelor's degree in Finance, Mathematics, Engineering, Computer Science, Economics, or another quantitative discipline. • Master's degree preferred. Preferred Certifications • FRM (Financial Risk Manager) • CFA (Chartered Financial Analyst) • CQF (Certificate in Quantitative Finance) • Other relevant Risk or Quantitative Finance certifications Key Competencies • Strong analytical and problem-solving capabilities. • Ability to explain practical VaR calculations and market risk concepts in detail. • Excellent communication and stakeholder management skills. • Ability to work independently as a hands-on contributor. • Strong investigative mindset with attention to detail. • Ability to manage competing priorities in a fast-paced environment. • Strong collaboration skills across Risk, Front Office, Quantitative, and Technology teams.