Location: India

Requirement: Business Analyst (Market Risk Compliance / Trade and Voice Surveillance)

Exp Level: 5 – 10 yrs

Skills required :

* Experience in Capital Markets and strong Risk Domain & Financial product knowledge.

* Hands on experience on Derivatives products, product features on various asset classes, Risk sensitivity and Greeks

* Skilled in OTC products specially in SWAPS (XCCY , IRD) , FX , FX FWD , FX Swaps , derivatives (options – Plain vanilla or Exotic) etc which is inclined towards investment banking

* Ability to design, understand & document the requirements for controls and procedures to enhance surveillance function while controlling access to sensitive data aligned with trading, compliance & surveillance objectives

* Knowledge around Market abuse, Manipulations and Trade surveillance scenarios commonly used across industry

* Prior experience on Trade surveillance, Voice and Comm surveillance application is preferred

* Prototyping of proposed surveillance solutions to assess data quality and validate detection logic

* Strong familiarity with the relational databases and hands on experience with SQL queries

* Database knowledge with ability to write SQL queries including joins and use the data to validate use cases and requirement scenarios

* Prior experience in documenting artefacts likes functional specification, data mapping etc.

* Good understanding of business change and exposure to SDLC process and development methodologies (Agile and waterfall), Trade life cycle, Scrum ceremonies and collaboration tools like JIRA

* Hands on experience in Business analysis, reporting and mapping requirements across upstream / downstream systems for Front to Back changes

* Strong understanding of Determining Business scenarios, hands on experience on Gap analysis and BRD / FRD preparation and agile scrum workflow framework

* Global certification CFA, FRM, CQF and an appropriate Business Analyst certification, such as CPRE, CBAP and SAFe PO/PM is desirable

The Equity Quantitative Researcher position is based in Mumbai and is part of the Portfolio Analytics team. The role focuses on developing data-driven models and analytics that support systematic stock selection and portfolio decision-making. This includes data processing, analyzing large datasets, researching predictive factors, and building back-tested strategies that can be effectively deployed in trading. The ideal candidate possesses strong quantitative and programming skills, along with a deep curiosity about financial markets and a drive to continuously enhance investment performance.

Responsibilities

• Research portfolio construction and optimization in the context of large complex equity portfolios.
• Apply cutting edge computational techniques and statistical methods to solve complex problems.
• Stay up to date on the latest academic and industry research and challenge yourself to continually improve and challenge the way things are done.
• Design and develop highly automated cloud-based technology stack for investment and electronic trading algorithms.
• Build next generation systems to run hundreds of simulations for model estimation and back-testing of mathematical algorithms.
• Run simulations on portfolio enhancements and integrate enhancements in the live investment process.
• Provide continuous suggestions for process improvement and performance optimization.

Qualifications

• B.E., B.Tech., M.Tech., or M.Sc. in Computer Science, Computer Engineering, Statistics, or similar discipline
• Strong knowledge and interest in statistical modeling techniques and data science
• Must have exceptional coding and software design ability with technical proficiency in either Python, C++, Java or C#
• Pursuing, CFA, FRM or CQF are beneficial.
• Must be passionate about developing well-designed scalable software.
• Good oral and written communication skills
• Demonstrated ability to work independently with complete ownership of projects.
• One to three years of relevant work experience

• • Supporting the overall management and development of the EMEA Valuations Control team and working across regions to drive consistency
  • Manage the team performing IPV for full spectrum of Vanilla and Exotic Credit Products across all businesses, including the review of the marking of CVA exposures.
  • Determining methodology for and computation of relevant valuation adjustments
  • Responsible for management reporting of IPV, including detailed analysis of desk marking trends
  • Extensive degree of Front Office Trading and Quants, Product Control, MVG, Finance and senior management interaction
  • Opining on revenue recognition and reserving for new product / transaction approvals
  • Training and supervising Mumbai offshore centre to ensure appropriate, and accurate testing
  • Leading Valuation Control s response to regulatory requirements / requests (e.g. Prudent Valuation, Trading Wind Down)
  • Regular internal IPV and reserves reporting and audit / SOX related reporting
  • Supporting the resolution of collateral disputes on credit products
  • Reviewing, designing and enhancing controls, including an appreciation of digital tools and how this can be applied in a controlled and effective manner
  • Responsibility for Fair Value Hierarchy classification for Credit products and Significant Unobservable disclosures under FAS157
  • Computation of quarterly Prudent Valuation Adjustments and enhancing methodologies over time

• • Numerical degree with history of strong academic performance required.

• • Additional professional qualification from top university or institution preferable (ACA/CIMA, CQF, CFA, FRM, PRMIA).

• • Strong IPV experience and product knowledge

• • Excellent written and oral communication skills required given the level of exposure to all levels of seniority and experience across businesses and regions.

• • Experience in responding to regulator requests

• • Digital tool awareness

Please see job role.

• Provide analytical support for different types of modelling tasks and projects, including model developments.
• Work independently on variety of analytical tasks and projects during the production of model monitoring report, validations, and collaborations.
• Work on projects to support initiative across decision science.
• Work and build wrap rapport with business contacts, communicating analysis clearly and delivering out to agreed plans and time scales.
• Take ownership and provides technical leadership to more junior analysts in the team.
• Support model implementation and testing.
• Comply with policies and apply best practises to all aspects of work.
• Deputise for manager when required.
• Act in line with the groups value and behaviours.

• Degree with quantitative content or equal skills derived from experience.
• Experience extracting, manipulating, and drawing insight from the data
• Experience of working on design, development, and validation of credit risk models
• excel SAS, SQL, or similar experience
• demonstrates initiative and problem-solving skills
• good organisational and project management skills and ability to deliver tasks and project to deadlines
• good written and verbal communication and presentation skills and ability to build report with the stakeholders to suggest the solution and communicate the impacts
• good knowledge of the fundamental principles of banking credit Risk management and economics
• technical leadership and coaching
• practical application of statistical modelling techniques and technical methods

At PwC, our people in operations consulting specialise in providing consulting services on optimising operational efficiency and effectiveness. These individuals analyse client needs, develop operational strategies, and offer guidance and support to help clients streamline processes, improve productivity, and drive business performance. Those in customer service at PwC will specialise in improving customer service operations and enhancing customer experiences. You will work closely with clients to analyse customer service processes, identify pain points, and develop strategies to optimise service delivery, increase customer satisfaction, and drive loyalty. Working in this area, you will provide guidance on implementing customer service technologies, designing service models, and developing customer-centric service cultures.

Enhancing your leadership style, you motivate, develop and inspire others to deliver quality. You are responsible for coaching, leveraging team member’s unique strengths, and managing performance to deliver on client expectations. With your growing knowledge of how business works, you play an important role in identifying opportunities that contribute to the success of our Firm. You are expected to lead with integrity and authenticity, articulating our purpose and values in a meaningful way. You embrace technology and innovation to enhance your delivery and encourage others to do the same.

Skills

Examples of the skills, knowledge, and experiences you need to lead and deliver value at this level include but are not limited to:

• Analyse and identify the linkages and interactions between the component parts of an entire system.
• Take ownership of projects, ensuring their successful planning, budgeting, execution, and completion.
• Partner with team leadership to ensure collective ownership of quality, timelines, and deliverables.
• Develop skills outside your comfort zone, and encourage others to do the same.
• Effectively mentor others.
• Use the review of work as an opportunity to deepen the expertise of team members.
• Address conflicts or issues, engaging in difficult conversations with clients, team members and other stakeholders, escalating where appropriate.
• Uphold and reinforce professional and technical standards (e.g. refer to specific PwC tax and audit guidance), the Firm’s code of conduct, and independence requirements.

PwC Role Profile: Manager – Risk Management

Role Summary

As a Manager, you will lead project delivery and client relationships in risk management engagements. You will oversee work across market, counterparty, credit, and model risk while managing teams and contributing to practice development.

Key Responsibilities

• Lead day-to-day client engagement, ensuring quality and timely delivery.
• Design solutions for risk frameworks (e.g., FRTB implementation, CCR methodologies, model governance).
• Serve as primary point of contact for client stakeholders at VP/Director levels.
• Manage project plans, budgets, and reporting.
• Supervise, coach, and mentor senior associates and associates.
• Contribute to proposals and thought leadership.

Skills & Experience

• 8–11 years of consulting or risk management experience.
• Expertise in at least one domain, with strong working knowledge across others.
• Proven ability to lead projects and teams.
• Regulatory knowledge and ability to interpret supervisory expectations.

Qualifications

• Bachelor’s degree required; Master’s preferred.
• CFA, FRM, PRM, or CQF strongly preferred.

We are seeking a seasoned Traded Risk Practice Leader to drive growth, delivery excellence, and capability development across Market Risk and Counterparty Credit Risk (CCR) domains. The role blends domain leadership with business growth responsibilities which include shaping strategy, strengthening client relationships and expanding the firm’s Traded Risk franchise across global financial institutions.

Role Description

• The Strategic Production and Analytics of Risk function within Group Strategic Analytics is principally responsible for daily analysis and control of various market risk metrics onboarded to bank’s strategic platforms.
• The role involves analysis of various market risk metrics including VaR / SVaR, Economic Capital, Market Risk CCAR, Capital charges under Standardized Approach, IMA Approach (Default Risk Charge and Risk Theoretical PnL) and Credit Valuation Adjustment (CVA) under FRTB regulations.
• You will work with Market Risk Managers, FO Quants, Risk Methodology experts to enable accurate risk measurement and help set up processes for BAU implementation.
• This role also involves performing controls and checks to ensure completeness and accuracy of risk metric. The role requires application of qualitative and quantitative techniques to analyse the data and a deep understanding of Market Risk Regulation.

Group Strategic Analytics

• Analytics and technology are seen as central to all the main units of the bank, including Investment Bank, Corporate Bank and to Risk and Control functions. The Strategic Analytics team combines expertise in quantitative analytics, modelling, pricing and risk management with deep understanding of system architecture and programming.
• The primary output is a scalable and flexible Front Office pricing and risk management system with consistent interface to both the Middle Office and Back Office. The consistency in analytics and the technology platform ensures that no arbitrage can exist between various parts of the Bank as well as rational allocation of constrained resources, including risk budget, balance sheet, funding, and capital.

Our People

Our people are outstanding individuals with agile minds, from a diverse range of backgrounds and cultures. They generate fresh ideas and innovative solutions which set us apart from our competitors and add value to our clients.

What we’ll offer you

As part of our flexible scheme, here are just some of the benefits that you’ll enjoy

• Best in class leave policy
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above

Your key responsibilities

• Run all production process and controls to check completeness, accuracy and timeliness for Market risk metrics like VaR/SVaR, Economic Capital, FRTB CVA, FRTB SA and FRTB IMA (DRC and RTPL) numbers.
• Finalize the market risk metric in scope and explain drivers of moves including support with complex analysis, evaluation and decision making.
• Identify and remediate exceptions that are raised during metric calculations – both at individual Asset Class level and at DB Group level
• Provide analytical support to Risk Managers and FO Strats to facilitate risk management / improve risk management models / drive business decisions.
• Contribute to methodological enhancements, including quantitative impact analysis. Applying experience and subject matter expertise to perform Run-the-bank tasks such as market risk capital charge impact analysis for methodology, continuous improvement of processes and controls.
• Liaising with Market Risk Managers, FO Quants, Change teams and Methodology to perform deep dives on data challenges in new market risk models/methodology changes/RNIV and implementation of new regulations
• Prepare for model governance and Regulatory review process
• Help specify requirements and test functionalities for seamless implementation of new workflow/data/process enhancements – coordinating with Strats, FO and Risk Technology

Your skills and experience

• A strong, relevant background and 5 years of experience working in an international Bank or comparable experience
• Good product knowledge of derivatives and pricing in at least one asset class – Equity, Credit, Rates, FX, Commodities or in Counterparty Credit risk.
• Market risk, Middle office, Valuations or Product control background with relevant subject matter expertise in one of the three disciplines
• Understanding of FRTB regulations, or experience in other Market Risk Regulatory areas
• MFE/MBA in Finance or relevant experience with Engineering, Finance or quantitative/statistics background
• Knowledge of languages such as R / Python / SQL.
• Excellent communication skills and attention to detail
• Strong analytical, problem solving and critical thinking skills with ability to cope well under pressure and tight timelines
• A track record of working in a CTB (Projects) and RTB (Production) environment simultaneously
• Certification such as FRM or CFA or CQF is preferred