Senior Traded Risk Analyst (Techno Functional)

About the Position

We are seeking a Senior Traded Risk Analyst (Techno Functional) with 8+ years of experience in Risk domains to join our major Australian bank's Risk Technology function in Sydney.

Responsibilities

• Support enhancements and optimization initiatives for Market and Credit Risk across the bank's risk technology platform, encompassing functional analysis and technical solution support.
• Collaborate with business stakeholders, Risk, Front Office, quantitative analysts, and IT teams to gather requirements.
• Participate in functional testing and parallel run activities to validate mark-to-market differences and risk measure accuracy between front-office and risk systems.
• Validate and analyze market and reference data across asset classes, including Bonds, Commodities, IRD, FX, and Fixed Income products for Market Risk and FRTB.
• Maintain, query, and optimize risk data structures and databases for the risk engine and associated systems, establishing controls for data lineage, reconciliation, and data integrity.
• Develop and utilize Python and SQL-based tools for data analysis, validation, reconciliation, control reporting, test automation, and issue investigation.
• Support front-end enhancements for internal tools, dashboards, and business workflows using AI technologies to improve usability and operational efficiency.
• Analyze and resolve issues related to system configuration, pricing, sensitivities, market data, and trade processing, coordinating remediation with technical teams.
• Own and lead implementation of Market Risk configurations, including stress testing, back-testing, scenario analysis, and reporting frameworks.
• Conduct impact analysis and validation of risk measures such as VaR, PV01, CR01, sensitivities, and PnL vectors, including explaining differences across systems.
• Troubleshoot and debug complex issues in risk calculations, data flows, interfaces, and reporting outputs through functional expertise and technical analysis.
• Prepare and review business requirement documents, functional specifications, and user documentation across risk streams.

Requirements

• 8+ years of experience as a Business Analyst in Risk domains, with a strong techno-functional delivery background.
• Deep knowledge in Risk models, FRTB, and asset classes including Money Markets, Fixed Income, FX, IR Derivatives, and option products.
• Good understanding of pricing, valuations, sensitivities, market data configuration, yield curves, and risk calculations across capital markets products.
• Proven experience in business analysis, impact assessment, functional validation, and end-to-end delivery within risk technology programs.
• Strong hands-on SQL skills for querying, validating, reconciling, and analyzing large datasets in Oracle and/or SQL Server environments.
• Hands-on Python experience for data analysis, automation, reconciliation, reporting, and issue investigation in capital markets or risk platforms.
• Experience working with technologies such as Java, .net, JavaScript to support business-facing dashboards, or workflow tools.
• Experience in Market / Credit Risk functional validations, including Interest Rate VaR, Stress Testing, LGD, PFE, EE, and related risk measures.
• Analytical skills to investigate and explain differences in valuations and VaR/ES results between Front office and other risk systems.
• Strong stakeholder management and communication skills, with the ability to engage independently with end users, technology teams, and senior business stakeholders.

Nice to Have

• Experience with OTC trading and risk platforms such as Murex, Calypso, and FIS.
• Experience with Unix/Linux environments and scripting for operational support and automation.
• Exposure to Git, CI/CD pipelines, and modern development lifecycle practices.
• Familiarity with AI-assisted development tools such as Cursor, Claude, or similar engineering productivity platforms.
• FRM, CQF, CFA, or similar relevant certification.

We Offer

• Competitive salary
• Opportunity to work with a major Australian bank
• Remote work options
• Professional development budget

About the Company

Luxoft is a global technology services company that specializes in delivering innovative solutions to the financial services industry. Our client, a major Australian bank, is committed to providing a stable and efficient risk management platform for market and funding risk management.

Apply Now

If you are a seasoned Business Analyst with a strong techno-functional background in Risk domains, we invite you to apply for this exciting opportunity in Sydney.