Business Analyst

Business Analyst - Counterparty Credit Risk (CCR) Luxoft Sydney, New South Wales, Australia Role on behalf of Luxoft Financial Services UK Limited (Australia Branch) Sydney or Melbourne Contractor or permanent Project Description: We have been engaged by a large Australian Bank to provide experienced consultants to support their Risk technology as part of a migration, maintenance and upgrade. The program focuses on delivering a steady and efficient risk management platform for Treasury Front Office, TMO, and Risk teams to effectively manage the bank's funding and Market, Credit and CCR risk exposures. The role involves bringing deep expertise of CCR risk functions, CVA implementation, driving change initiatives, and working closely with business stakeholders to ensure seamless delivery of enhancements and new functionalities with minimum/no disruptions to business functionality. Responsibilities Lead enhancements and optimizations in the bank's platform which manages counterparty credit risk, CVA Participate in functional testing and parallel run activities to test mark-to-market differences and trade completeness between front office and risk systems. Validate and analyze market and reference data for all the asset classes such as Bonds and IR Future, Commodities, Cap/Floor, Swaption, etc for CCR & FRTB regulations. Maintain and update risk database for the CCR requirement and build controls to validate the data lineage and integrity Analyze and resolve issues related to system configuration, pricing, sensitivities, and market data for the current production trades. Write & review documentation for various functional areas such as market and reference data, system configurations, reporting, etc across the program Independently engage with end users to gather, clarify, and document business requirements Own and drive the implementation of CCR and CVA configurations, configuring various stress/back testing reports and optimizations Optimize existing risk methodologies and model validations to improve performance and accuracy Conduct impact analysis and validation of key risk measures (e.g., exposure calculations using Monte Carlo simulation) Drive functional validations for risk metrics and coordinate testing with end users Troubleshoot, debug and resolve complex issues related to CVA computations Work closely with cross‑functional teams including Risk, Front Office, and IT to ensure seamless integration of risk measures Provide guidance and mentorship to junior team members Contribute to process automation and continuous improvement of release cycles Mandatory Skills 8+ years of experience as a Market Risk / Counterparty Credit Risk BA Deep expertise in risk models, FRTB and asset classes including MM, Fixed Income, FX, and IR derivatives Excellent understanding of pricing derivatives and option products, configuring market data / curves Proven ability to develop, configure, and optimize exposure calculations, netting agreements and CSA independently Experience in configuring and running risk computations including re‑val runs, normalized runs Strong business stakeholder management skills, with experience in running risk measure validations Extensive hands‑on experience in risk functional validations (e.g., Interest Rate VaR, stress testing) Expertise in configuring and validating various credit risk measures such as EE, PD, LGD Strong analytical skills to explain differences in VaR results between Murex and other risk systems Good understanding of Oracle and/or SQL Server RDBMS, with strong SQL skills for data analysis and validation Nice‑to‑Have Skills Experience with Unix/Linux environments and scripting (Shell, Python, etc.) Experience with leading OTC trading platforms Murex, Calypso, FIS Exposure to GIT for version control Good knowledge of CI/CD methodologies and tools Understanding of regulatory risk requirements (FRTB, Basel framework, etc.) Seniority level Mid‑Senior level Employment type Full‑time Job function Information Technology Industries IT Services and IT Consulting #J-18808-Ljbffr