Senior Business Analyst – Counterparty Credit Risk

Location: New York, NY (Hybrid – on-site a few days per week) Employment Type: Full-Time Visa/Work Permit: Available for eligible candidates

ABOUT THIS ROLE

MAX Consulting Group is pleased to present this opportunity on behalf of our client, a leading IT consulting company serving major financial institutions. We are seeking a Senior Business Analyst to join their Counterparty Credit Risk team in New York, supporting one of the largest Japanese securities companies. This is an exciting opportunity for a seasoned professional to contribute to a dynamic, globally connected organization and help shape the future of risk technology.

JOB RESPONSIBILITIES

Business Analysis & Exposure Management Application Support

• Partner with EM, CRR, RA, Front Office, and technology stakeholders to gather, analyze, and document business, functional, and technical requirements for EM applications, including EPE/PFE calculations, limit monitoring, what-if pre-trade intraday analysis, and exposure reporting.
• Translate business needs into clear process flows, user stories, functional specifications, data mapping documents, and test scenarios to support platform enhancements and production incident resolution.
• Act as a key liaison between business users and technology teams to ensure CCR priorities are accurately understood, implemented, and supported.

Incident, Problem & Change Management

• Serve as a point of contact for high-severity production incidents, particularly those impacting exposure reporting, limit breaches, what-if intraday analysis, or regulatory deliverables.
• Drive hands-on root cause analysis (RCA) for impactful incidents such as calculation breaks and data validation/reconciliation issues, ensuring recurring issues are eliminated through permanent fixes rather than short-term workarounds.
• Enforce robust change and release governance aligned with CAB, DevOps, CI/CD, risk, audit, and control standards.

Production Operations & Continuous Improvement

• Analyze current-state CCR workflows, incident patterns, data reconciliations, and operational processes to identify opportunities for process simplification, control enhancement, and operational improvement.
• Support the definition and tracking of key operational and business metrics related to application performance, data quality, incident trends, and turnaround times.
• Drive documentation and standardization of business processes, support procedures, and control points across the EM application stack.

Platform Reliability, Automation & Resilience

• Identify opportunities for automation and self-healing processes for batch monitoring, data validation, reconciliations, and recovery processes for production as well as lower testing environments.
• Partner with Engineering and Infrastructure teams to improve observability, alerting, capacity planning, and resilience of EM applications.
• Assist in ensuring DR/BCP readiness for EM-critical systems, including regular/annual testing and documented recovery procedures.

Stakeholder Coordination & Global Delivery Support

• Work with onshore and offshore technology and support teams to clarify requirements, prioritize issues, and ensure smooth execution of BA deliverables across BAU projects and production support initiatives.
• Facilitate knowledge transfer, documentation quality, and shared understanding of CCR business processes, data flows, and system behavior across distributed teams.
• Help define business context, escalation needs, and operational expectations to support effective 24x7 coverage and service continuity.

Regulatory, Audit & Risk Controls

• Ensure EM applications meet regulatory, audit, security, and internal risk management requirements.
• Lead IT Operations engagement for internal audits, regulatory exams, and model governance reviews, demonstrating control maturity.
• Maintain strong IT control frameworks (access, change, data integrity) across IT and business teams.

REQUIRED QUALIFICATIONS

Experience

• 12+ years of experience as a Technical Business Analyst or System Business Analyst within financial services technology.
• Strong experience supporting risk, exposure management, or related front-office / risk technology applications.
• Demonstrated experience working across business stakeholders, development teams, QA, and production support teams in a regulated environment.
• Bachelor's degree in Computer Science, Information Systems, Finance, Mathematics, or a related discipline.

Technical & Domain Expertise

• Strong understanding of Counterparty Credit Risk and Exposure Management concepts, including derivative trade lifecycle, market data, PFE, EPE, collateral and margin processes, limits, stress testing, and what-if analysis.
• Experience working with batch and intraday risk platforms, data flows, reconciliations, and reporting processes in a CCR or risk technology environment.
• Ability to work with technical teams on SQL, data analysis, interface mapping, ETL workflows, and downstream/upstream system dependencies.
• Experience creating Business Requirements Documents (BRD), functional specifications, process flows, test cases, and data mapping artifacts.
• Familiarity with tools such as JIRA, Confluence, SQL, ServiceNow, and reporting or analytics tools used to support requirements, incidents, and delivery tracking.
• Understanding of SDLC, Agile delivery, testing lifecycle, and change management processes.

Leadership & Soft Skills

• Strong analytical and problem-solving skills, with the ability to break down complex business and technical issues into actionable requirements.
• Excellent written and verbal communication skills, with the ability to engage effectively with business users, risk managers, developers, QA teams, and senior technology stakeholders.
• Strong organizational skills and the ability to manage multiple priorities in a fast-paced, high-pressure environment.
• Self-motivated, detail-oriented, and able to work both independently and collaboratively across distributed teams.
• Ability to facilitate discussions, resolve ambiguity, and build alignment across business and technology stakeholders.
• Collaborative team player with a strong sense of ownership and accountability.

To apply or learn more, please contact corporate@maxjob.com. We look forward to connecting you with this opportunity.