Business Analyst, Market Risk

5 days ago

Toronto, Canada Cognizant Full time

**BA Consultant, Market Risk**:
At Cognizant, our global community sets us apart—an energetic, collaborative and inclusive workplace where everyone can thrive And with projects at the forefront of innovation, you can build a varied, rewarding career and draw inspiration from dedicated colleagues and leaders. Cognizant is right where you belong.

**What you’ll do**:

- Develop detailed understanding of current state including data feeds required for Risk Engines and Reporting
- Understand changes required in current state to support the future state including Internal Risk Management integration for Trading Book Modernization
- Mapping of newly standardized data feeds to data required for Market Risk engines reconciling and explaining variances in old and replacing risk measures
- Work closely with business users to understand business requirements and demo system functionality
- Prepare high level and detailed requirements specifications for the project in accordance with SDLC objectives
- Efficiently perform the day to day business analysis tasks including documentation of requirements, data analysis and UAT
- Work closely with development team to explain the requirements, validate the design assumptions for various business scenarios and testing
- Support QA team in creation of UAT test cases against business requirements

**What you bring to the role**:

- Experience working on projects related to pricing/risk and market data for Risk engines
- Previous work with Market Data/Risk Factors sourcing and Scenario Generation, Time Series and Analytical Data bases
- Modeling of different product types including Bonds, Equities, FX, Commodities, and Interest Rates etc. Enhancements required in IRM to onboard new product types and produce sensitivities (Delta, Vega, Gamma) and PnL vectors
- Understanding of financial Instruments including the various types - Rates Derivatives, Credit Derivatives, Equity Derivatives FX Options & FX Cash etc. and their valuation
- Strong knowledge of market risk management (Basel/FRTB, VaR, Greeks etc.) is essential
- 10+ years previous work experience as a Business or Data Analyst, or in a technical/functional Role
- Documentation skills - ability to succinctly articulate requirements, summarize data analysis and present to business users and development team
- Proficiency in the use of Python, Linux, Hadoop, Hive, Spark and other big data technologies
- Strong data analysis skills are required including analyzing large data sets using SQL queries
- Bachelor’s degree in Information Technology, Computer Science or Quantitative finance, Mathematics or related field

**Nice to Have**:

- Good understanding of Basel regulatory environment and its evolution and challenges
- Professional risk/finance certifications (e.g., FRM, PRM, CFA)
- Relevant FRTB SA & Internal Risk Management experience

**Working arrangements**:
We believe hybrid work is the way forward as we strive to provide flexibility wherever possible. Based on this role’s business requirements, this is a hybrid position requiring 3 days a week in a client or Cognizant office in Toronto, ON. Regardless of your working arrangement, we are here to support a healthy work-life balance though our various wellbeing programs.

Note: The working arrangements for this role are accurate as of the date of posting. This may change based on the project you’re engaged in, as well as business and client requirements. Rest assured; we will always be clear about role expectations.

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