IT Business Analyst - OTC Derivatives Domain

IT BA - OTC Derivatives (Pune) (Diversity)

Education:

MANDATORY: BE, ME, M Tech, B Tech, MBA

PREFERRED: FRM/CFA is preferred, Degree in financial mathematics, quantitative finance is ideal

Key Responsibilities:

- Understand, analyze and explain counterparty mark-to-future exposures on derivative books to regional users.

- Dwell deep into the Potential Future Exposure/EPE/EAD/RWA calculation methodologies for Credit risk/BASEL 3 and be able to verify, cross check the exposure profiles generated by the systems.

- Where feasible develop excel prototypes to generate exposure profiles for basic products

- Ability to trace the changes in day to day exposures to changes in markets, books and or agreements

- Work closely with developers to improve/refactor code base and ensure agreed changes are manifested correctly by looking analyzing post release exposure numbers

- Conduct meeting with clients and key stakeholders to gather requirements, analyze, finalize and receive formal sign-off's from approvers.

- Translate requirements into Business Requirement Document [BRD], Functional Requirement Document [FRD] and/or Minor Development Document [MDD].

- Facilitate and drive project meetings with both business and technology teams.

- Develop and review test scripts with business users as well as technology team. Execute test scripts for System Integration Test (SIT) and User Acceptance Test (UAT).

- Co-ordinate and/or conduct the Production Acceptance Testing (PAT) with the business users.

- Creates flow diagrams, structure charts, and other types of system or process representations.

- Manage changes to requirements and baseline through a change control process.

- Ability to read code

Domain Experience:

MANDATORY:

- Financial Risk Management

- Credit Risk Calculation for Daily Risk Management

- Knowledge of Security Finance Transaction (SFT) & Derivative products

- Through knowledge of Repo, Reverse Repo, Securities Financing and knowledge of Derivatives such as Options, Forwards, Futures and Swaps and their documentation, life cycle and risk characteristics.

- Excellent verbal and written communication skills

- Understanding of Basel II and/or 3 regulations.

- Exposure to Use cases, QA and UAT of projects.

- Deep working experience of flow charting, Visio, MS-Office applications, Excel, VBA.

PREFERRED :

- Knowledge Of Financial Products

- Credit risk methodologies

- Basel Risk Calculations

Other Key Skill :

- SDLC Aware & co-ordination and working with remote teams

- Knowledge of quality issues in software development

PERSONAL SKILLS :

The successful candidate must:

- Work to agreed deadlines as part of the remote development environment

- Have experience of working co-operatively in small to medium sized teams.

- Be able to work on own initiative.