Senior Traded Risk Analyst (Techno Functional)

Our client, a major Australian bank, requires an experienced Techno-Functional Business Analyst to support its Risk Technology function in migration, maintenance, upgrade, and optimization initiatives. The role involves working with Treasury Front Office, TMO, and Risk teams to deliver a stable and efficient risk management platform for market and funding risk management. It demands a combination of deep domain expertise and strong technical skills in Python, SQL, and front-end technologies.

The consultant will act as a bridge between business, risk, and technology teams by translating market risk requirements into scalable solutions. Responsibilities include performing detailed functional analysis, validating risk outputs, and contributing to automation, user interface enhancements, and data-driven controls across the risk platform.

Responsibilities

Support enhancements and optimization initiatives for Market and Credit Risk across the bank's risk technology platform, encompassing functional analysis and technical solution support.

Collaborate with business stakeholders, Risk, Front Office, quantitative analysts, and IT teams to gather requirements.

Participate in functional testing and parallel run activities to validate mark-to-market differences and risk measure accuracy between front-office and risk systems.

Validate and analyze market and reference data across asset classes, including Bonds, Commodities, IRD, FX, and Fixed Income products for Market Risk and FRTB.

Maintain, query, and optimize risk data structures and databases for the risk engine and associated systems, establishing controls for data lineage, reconciliation, and data integrity.

Develop and utilize Python

and SQL-based tools for data analysis, validation, reconciliation, control reporting, test automation, and issue investigation.

Support front-end enhancements for internal tools, dashboards, and business workflows using AI technologies to improve usability and operational efficiency.

Analyze and resolve issues related to system configuration, pricing, sensitivities, market data, and trade processing, coordinating remediation with technical teams.

Own and lead implementation of Market Risk configurations, including stress testing, back-testing, scenario analysis, and reporting frameworks.

Conduct impact analysis and validation of risk measures such as VaR, PV01, CR01, sensitivities, and PnL vectors, including explaining differences across systems.

Troubleshoot and debug complex issues in risk calculations, data flows, interfaces, and reporting outputs through functional expertise and technical analysis.

Prepare and review business requirement documents, functional specifications and user documentation across risk streams.

Skills

Must have

8+ years of experience as a Business Analyst in Risk domains, with a strong techno-functional delivery background.

Deep knowledge in Risk models, FRTB, and asset classes including Money Markets, Fixed Income, FX, IR Derivatives, and option products.

Good understanding of pricing, valuations, sensitivities, market data configuration, yield curves, and risk calculations across capital markets products.

Proven experience in business analysis, impact assessment, functional validation, and end-to-end delivery within risk technology programs.

Strong hands-on SQL skills for querying, validating, reconciling, and analyzing large datasets in Oracle and/or SQL Server environments.

Hands-on Python experience for data analysis, automation, reconciliation, reporting, and issue investigation in capital markets or risk platforms.

Experience working with technologies such as Java, .net, JavaScript to support business-facing dashboards, or workflow tools.

Experience in Market / Credit Risk functional validations, including Interest Rate VaR, Stress Testing, LGD, PFE, EE and related risk measures.

Analytical skills to investigate and explain differences in valuations and VaR/ES results between Front office and other risk systems.

Strong stakeholder management and communication skills, with the ability to engage independently with end users, technology teams, and senior business stakeholders.

Nice to have

Experience with OTC trading and risk platforms such as Murex, Calypso, and FIS.

Experience with Unix/Linux environments and scripting for operational support and automation.

Exposure to Git, CI/CD pipelines, and modern development lifecycle practices.

Familiarity with AI-assisted development tools such as Cursor, Claude, or similar engineering productivity platforms.

FRM, CQF, CFA, or similar relevant certification.

Other

Languages

English: C2 Proficient

Seniority

Senior