Senior Associate- Market Risk

Job Description:PwC India is seeking skilled resources with good understanding of different aspects of Business Analysis. The individual should have good knowledge around Market Risk/Basel 2.5 norms/FRTB.Location: MumbaiRole SummaryThe role demands a good level of understanding of Market Risk/Basel 2.5 norms/FRTB along with strong hands-on experience in Change management and Business Analyst projects.Responsibilities:- Perform a BA role for Market risk projects in Change Management and work with various stakeholders in understanding the requirements pertaining to VaR calculations/Basel 2.5, Backtesting, Greeks, Sensitivity Analysis. - Articulate the requirements into simpler, understandable statements through tools in the form of a Business Requirement Document (BRD), Functional Specification Document (FSD) etc. - Work with development team to model the requirements, and propose, calibrate, and implement appropriate assumptions. - Engage in constant and continuous communication with all the stakeholders to ensure smooth completion of tasks and report any deviations from proposed timelines. - Prepare and consolidate test cases across the capital calculations, including any adjustments, reconciliation, exception management, reporting, etc. - Review test cases ensuring completeness of UAT coverage & Change Management. - Collaborate seamlessly across various business units, integrating change management principles to ensure holistic alignment with organizational goals. - Prepare project reports and trackers highlighting risks, analyzing trends an recommendations /adjustments that address or capitalize on changes required.Requirements:- Should be well versed with Change management process including drafting business requirement documents, functional specifications documents, preparing user stories and test cases. - Ability to write multi-application test strategies, test plans, and detailed test cases with expected outcome. - Experience in understanding and interpreting the computation of risk measures (VaR, IRC, ES etc.), management of risk limits, risk reporting etc. - Knowledge on Basel norms and FRTB. - Strong analytical skills, communication/ interpersonal, documentation, stakeholder management, and teamwork skills required.

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