We are looking for a Senior Business Analyst / Functional Expert to join a complex Market Risk transformation programme . You will act as the functional SME across Risk Factor Repository (RFR) and Scenario Manager (SCM) , translating complex business requirements into clear functional and technical solutions while ensuring consistency, traceability, and governance across the end-to-end scenario generation process. Market risk scenario generation relies on defining and applying shocks across relevant risk factors, with controls to ensure scenarios are coherent and usable for risk measurement. What you’ll do
- Act as the key functional liaison between Market Risk, RFR, SCM, and technology teams , facilitating workshops, decision-making, and a shared understanding of requirements.
- Gather, analyse, challenge, and document business needs, translating them into functional specifications, technical requirements, use cases, business rules, mappings, and acceptance criteria.
- Define and support RFR–SCM flows and interfaces , ensuring consistency and traceability of risk factors, attributes, and shocks across both systems.
- Support Risk Factor inventory, characterization, and governance within RFR, including attribute definition, taxonomies, mappings, and gap analysis.
- Work with Scenario Manager (SCM) processes, including shock ingestion, normalization, and mapping of shocks to the corresponding risk factors.
- Understand and functionally define shock transformation, interpolation, and propagation mechanisms , including consistency and arbitrage controls required for scenario generation.
- Perform data analysis and functional validations, identifying gaps, inconsistencies, and data-quality issues, then coordinating their resolution with technical teams.
- Support testing, UAT,



defect triage, and functional acceptance, ensuring delivered solutions meet business and regulatory requirements.
- Contribute to functional documentation, operating procedures, and knowledge transfer across business and technology stakeholders. What we’re looking for
- Proven experience as a Senior Business Analyst, Functional Analyst, or Functional Expert on Market Risk projects within banking, capital markets, or financial services.
- Strong knowledge of Risk Factors and Market Risk scenario generation , particularly shock management and regulatory scenario processes.
- Hands-on experience with RFR , including risk factor inventory, characterization, governance, attribute definition, taxonomies, mappings, and gap analysis.
- Strong understanding of Scenario Manager (SCM) , including shock ingestion, normalization, and risk factor mapping.
- Ability to define and validate end-to-end RFR–SCM interfaces and data flows .
- Familiarity with shock transformation, interpolation, propagation, and consistency/arbitrage controls.
- Excellent requirements-gathering, analysis, and functional documentation skills.
- Strong analytical and data-validation capabilities, with the ability to identify functional gaps and drive resolution.
- Comfortable operating as an SME and stakeholder manager in a multi-team, fast-moving delivery environment.
- Fluent English is essential ; Spanish is a nice to have. Nice to have
- Experience in a large bank, trading platform, or regulatory risk transformation programme.
- Exposure to Murex or similar front-to-back/risk platforms.
- Knowledge of regulatory stress-testing, VaR, sensitivities, or market risk reporting.
- Experience working with data governance, reference data, or financial data quality frameworks.

📌 Senior Business analyst (España)
🏢 Templeton & Partners - Innovative & Inclusive Hiring Solutions
📍 España