IT Business Analyst (FRTB And Basel Experience Is Required)
About The Position
We are seeking an experienced Business Analyst to support strategic regulatory reporting initiatives related to the US Basel III Endgame and Fundamental Review of the Trading Book (FRTB) frameworks. The role leads business analysis across the Sensitivities-Based Method (SBM), Default Risk Charge (DRC), and Residual Risk Add-On (RRAO) capital methodologies, translating regulatory requirements into business and technical solutions. The position supports validation of market risk capital calculations, reporting accuracy, regulatory compliance, testing, and the integration of risk calculation outputs into downstream reporting platforms. It is a contract position based in Charlotte, North Carolina, with a hybrid workplace arrangement.
Requirements
- Strong experience in Business Analysis, Regulatory Reporting, Market Risk, Risk Technology, or Capital Markets functions.
- In-depth understanding of FRTB, Basel III Endgame, SBM, DRC, RRAO, SA, and IMA methodologies.
- Solid knowledge of market risk sensitivities, risk factor modeling, and market data concepts.
- Hands-on proficiency in SQL and/or Python for data analysis, reconciliation, validation, and reporting support.
- Experience designing and executing UAT, data validation, and regulatory reporting testing frameworks.
- Strong analytical, problem-solving, stakeholder management, and communication skills.
- Proven ability to translate complex regulatory requirements into scalable business and technology solutions.
Responsibilities
- Lead requirements gathering, business analysis, and solution design for FRTB and Basel III Endgame regulatory reporting initiatives.
- Translate requirements related to SBM, DRC, RRAO, Standardized Approach (SA), and Internal Models Approach (IMA) into detailed business, functional, and technical specifications.
- Validate SA and IMA market risk capital calculations within risk technology platforms and reporting frameworks.
- Partner with Market Risk, Front Office, Finance, Regulatory Reporting, and Technology teams to implement regulatory requirements and reporting solutions accurately.
- Establish and maintain end-to-end data lineage, controls, and governance processes to support reporting accuracy and compliance.
- Analyze market risk sensitivities, risk factors, and market data for capital calculations, reporting, and regulatory submissions.
- Perform data validation, reconciliation, and root-cause analysis to identify and resolve data quality, calculation, and reporting issues.
- Lead UAT, integration testing, and validation by developing test strategies, test cases, and reconciliation frameworks.
- Reconcile calculator outputs against benchmark models and validate regulatory capital results before reporting and submission.
- Support integration of risk calculation engines and reporting outputs into downstream regulatory reporting platforms.
- Facilitate communication between business and technology stakeholders to align requirements, implementation, testing, and delivery milestones.
- Provide subject matter expertise on FRTB, market risk capital methodologies, and regulatory reporting processes.
Benefits
- Medical insurance
- Dental insurance
- Vision insurance
- Critical illness coverage
- Accident coverage
- Hospital coverage
- 401(k) retirement plan with pre-tax and Roth post-tax contributions
- Voluntary life and AD&D insurance for employees and dependents
- Short- and long-term disability
- Health Spending Account (HSA)
- Transportation benefits
- Employee Assistance Program
- Time off/leave, including PTO, vacation, or sick leave
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What This Job Offers
Education Level
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