We are seeking an experienced Senior Business Analyst / Functional Expert to join a strategic Market Risk programme. This is an excellent opportunity for a functional specialist with deep expertise in Risk Factors, Market Risk scenario generation, and regulatory risk processes to play a key role in bridging business and technology teams.

You will work closely with Market Risk stakeholders, Scenario Manager (SCM), Risk Factor Repository (RFR), and technology teams to define requirements, drive functional analysis, and ensure the consistency and traceability of risk data across critical systems.

Key Responsibilities

- Act as a senior functional expert within Market Risk initiatives, translating complex business requirements into functional and technical solutions.
- Gather, analyse, and document business requirements, use cases, business rules, mappings, and acceptance criteria.
- Define and maintain Risk Factor inventories, taxonomies, attributes, and governance frameworks within RFR.
- Analyse and support Market Risk scenario generation processes, including regulatory and stress-testing scenarios.
- Define and document RFR-SCM data flows, interfaces, and integrations, ensuring end-to-end traceability of Risk Factors and shocks.
- Work with stakeholders to manage shock ingestion, normalization, mapping, and validation processes within SCM.
- Perform functional data analysis, identify data quality issues, and coordinate remediation with technical teams.
- Support the design and validation of shock transformation, interpolation, propagation,



consistency, and arbitrage control mechanisms.
- Act as the key liaison between Market Risk, RFR, SCM, and technology teams, driving alignment and informed decision-making.
- Support testing activities and ensure delivered solutions meet business expectations.

Required Skills & Experience
- Proven experience as a Senior Business Analyst, Functional Consultant, or Functional Expert within Market Risk projects.
- Strong knowledge of Risk Factors and Market Risk scenario generation, including regulatory scenarios and shock management.
- Hands-on experience with Risk Factor Repository (RFR) processes, including inventory management, characterization, governance, attribute definition, taxonomies, mappings, and gap analysis.
- Strong understanding of Scenario Manager (SCM) processes, including shock ingestion, normalization, and Risk Factor mapping.
- Experience defining and documenting RFR-SCM interfaces and data flows.
- Good understanding of shock transformation, interpolation, propagation mechanisms, and related consistency and arbitrage controls.
- Extensive experience in requirements gathering, business analysis, and functional documentation.
- Strong analytical skills with the ability to perform data validation and identify functional gaps and inconsistencies.
- Excellent stakeholder management and communication skills, with the ability to work across business and technology teams.
- Experience working within large-scale banking or financial services environments.

📌 Senior Business Analyst – Market Risk (España)
🏢 Projecting by Izertis
📍 España