Analyst/Associate - Market Risk

• Job Title: Analyst / Associate - Market Risk (FRTB)
• Location: Powai, Mumbai
• About the Role:

We are looking for a driven Market Risk professional to join a global risk management team supporting the Fundamental Review of the Trading Book (FRTB) framework. This role offers exposure to global trading desks and the opportunity to work closely with Risk Methodology, Technology, and Front Office teams to ensure accurate and regulatory- compliant risk reporting.

Key Responsibilities:

• Perform daily and monthly analysis under the FRTB Internal Models Approach (IMA) framework.
• Conduct P&L Attribution (PLA) testing and validation across trading desks.
• Analyze and reconcile Theoretical vs Hypothetical P&L, risk sensitivities, and backtesting metrics.
• Collaborate with global Market Risk and Quant teams to enhance model governance and data accuracy.
• Provide insights into risk model performance, exceptions, and regulatory deliverables.

Mandatory Skills:

• Strong understanding of Market Risk, FRTB, Value at Risk (VaR), Expected Shortfall, and Sensitivities.
• Hands- on experience with Python, Excel (Advanced), and Power BI / Alteryx for data analytics and visualization.
• Knowledge of traded products - particularly Rates, FX, and Derivatives.
• Solid grasp of Basel III / FRTB regulations and market risk capital calculations.
• Excellent analytical and problem- solving skills with attention to data accuracy.

Experience & Qualifications:

• Experience: 2- 5 years in Market Risk, Risk Analytics, or Quantitative Risk functions within investment banking or financial services.
• Education: Bachelor's / Master's in Engineering, Finance, Economics, Mathematics, or Statistics.
• Certifications: FRM / CFA preferred.