Senior Business Analyst, Financial Risk Technology

Raymond James•Saint Petersburg, FL

7d•Hybrid

About The Position

This is a Business Analyst role with a strong focus on financial risk systems, acting as a bridge between business stakeholders (Credit, Market, Treasury, Liquidity) and technology teams, and working closely with risk managers. This role supports the design, implementation, and enhancement of financial risk systems. Deep quantitative modeling experience is not required. The role focuses on analyzing market, corporate credit, counterparty, liquidity, and regulatory risks, translating business requirements into functional specifications, and ensuring accurate risk reporting and controls. The ideal candidate is a strong analytical problem solver who is comfortable working with data, understands financial concepts, and can evaluate risk implications while guiding stakeholders through change. It’s a hands-on technical BA role.

Requirements

Strong understanding of financial products (Derivatives, FX, Rates, Credit, Equities).
Knowledge of risk concepts such as VaR, stress testing, and exposure metrics.
Strong SQL skills for data analysis and reconciliation.
Experience with Excel (advanced formulas, pivots).
Experience working with risk systems or data warehouses.
Working knowledge with Jira or Team Foundation Server (TFS)
Strong analytical and problem-solving skills.
Ability to translate complex financial concepts into clear business requirements.
Excellent communication and stakeholder management skills.
Attention to detail and strong documentation skills.
Bachelor’s: Accounting, Bachelor’s: Computer and Information Science, Bachelor’s: Finance (Required)
General Experience - 3 to 6 years

Nice To Haves

Exposure to XVA concepts (e.g., CVA, DVA, FVA) is a plus.
Exposure to GenAI/ChatGPT/CoPilot tools knowledge will be a plus.
Familiarity with Python or VBA will be a plus.
Experience in investment banking, asset management, or risk consulting.
Exposure to Counterparty Credit Risk (CCR), Regulatory or Capital Planning.
Experience with Agile methodologies (JIRA, Confluence).
Prior experience in UAT or model validation support.
Project Management, CBAP or Scrum Certification Preferred.

Responsibilities

Analyze financial risk metrics such as Market Risk, Credit Risk, Counterparty Risk, and Liquidity Risk.
Work closely with Risk Managers, Traders, Financial Advisors, and IT teams to understand risk methodologies and business processes.
Translate regulatory and internal risk requirements into functional and technical specifications.
Support development and enhancement of risk calculation engines, exposure systems, and reporting tools.
Validate risk results and perform data reconciliations between front-office, risk, and finance systems.
Ensure risk data accuracy, completeness, and audit readiness.
Support regulatory and internal risk frameworks (e.g., Basel, stress testing, capital and accounting regulations).
Analyze large datasets related to trades, exposures, market data, and counterparty information.
Define data requirements and support data lineage, controls, and governance initiatives.
Several years of experience partnering with IT teams on system integrations, data feeds, ETL processes, and automation.
Support UAT (User Acceptance Testing) and production releases of risk applications.
Act as a liaison between business users and technology teams.
Create Business Requirement Documents (BRDs), Functional Requirement Documents (FRDs), process flows, and data mappings.
Support Agile or Waterfall project delivery, including sprint planning, testing, and issue resolution