Looking for Sr. Business Analyst in NYC

 18 months contract opportunity

 Strong knowledge in Market Risk and Credit Risk:
- understanding data inputs to VaR
- linear and non-linear risk
- dependency between Market Risk and Credit Risk

 Requirements:
 Working knowledge of the recent US capital regulations for big financial institutions, such as CCAR.
 Extensive calculation knowledge on Market Risk VaR and Credit Risk Potential Exposure, Expected Exposure
 Extensive knowledge on risk models Monte-Carlo, Historical Simulation, Internal Models Methodology (IMM), Current Exposure Methodology (CEM)
 Familiarity with Dodd- Act and US-specific Basel III regulatory rules
 Knowledge in Backtesting methodologies
 Understanding of Finance processes or knowledge of upstream Front Office & Middle Office Operations processes
 Experience with regulatory compliance - FINMA, PRA and FED
 Investment Banking product knowledge essential.
 Previous experience of working across CS Market and Credit Risk requirements is highly desired
 Ability to use quantitative and analytical problem solving skills to break down complex problems and frame them into simple terms
 Familiarity with Internal and External BA tools, techniques and documentation formats

10+ years of work experience in financial institution
Our CRO IT Methodology Horizontal Team is looking for a Senior Business Engineer in our NY location to drive methodology capital calculations for the Americas Legal Entity Program.
The primary roles and responsibilities:
Identify and define accurate detailed requirements for Alternative Net Capital treatment across both market and credit risk for US broker dealer entities.
Create detailed functional requirements for both market and credit risk systems that covers changes to existing model and calculations
Develop a strong understanding of CS market risk and credit risk methodologies and calculations (e.g. VaR, Potential Exposure)
Develop a strong understanding of CS Credit and Market Risk systems and associated front to back data flows and processes
Align the business analysis between IT, back office business divisions and externally facing consultant group that will be responsible for translating US regulatory laws
Participating and contributing in detailed gap analysis for business and IT process flows on Credit Risk, Market Risk and Finance capital systems
Liaise with IT Cross functional architects and IT Developers to get the changes implemented and tested
Liaise with different stakeholders such as CRM, Risk Methodology, Market data and Risk reporting teams to get detailed requirements/use cases


Candidate will take lead role in following BE tasks:
Create detailed functional requirements for US IHC Basel III requirements
Work with both CRO and CFO divisions to build futures state business process around the Enhanced Prudential Standards for Foreing Bank Operations that is required under Dodd- Act
identify requirements for Market and Credit Risk systems
identify current and future sources for the above data
Work with CRO Data Architects on creating a design model for CCAR