Job Description
Senior Recruiter at Luxoft, A DXC Technology Company
Project Description:
We have been engaged by a large Australian Bank to provide experienced consultants to support their Market Risk technology as part of some migration, maintenance and upgrade.
The program focuses on delivering a steady and efficient risk management platform for Treasury Front Office, TMO, and Risk teams to effectively manage the bank's funding and market risk exposures.
Role involves bringing deep expertise of market risk functions, drive change initiatives, and work closely with business stakeholders to ensure seamless delivery of enhancements and new functionalities with minimum / no disruptions to business functionalities.
Responsibilities:
Lead Market Risk enhancements and optimizations in the bank's platform
Participate in functional testing and parallel run activities to test Mark to market differences and trade completeness between front office and risk system (FIS).
Validate and analyze market and reference data for all the asset classes such as Bonds and IR Future, Commodities, Cap/Floor, Swaption, etc for Market risk & FRTB regulations.
Maintain and update risk database for the FIS risk engine requirement and build controls to validate the data lineage and integrity
Analyze and resolve issues related to FIS system configuration, pricing, sensitivities, and market data for the current production trades.
Write & Review documentation for various functional areas such as market and reference data, system configurations, reporting etc across the program
Independently engage with end users to gather, clarify, and document business requirements
Own and drive the implementation of Market Risk configurations, configuring various Stress / Back testing reports and optimizations
Optimize existing risk methodologies and model validations to improve performance and accuracy
Conduct impact analysis and validation of Market Risk measures (e.g., VaR, PV01, CR01, PnL vectors)




Drive functional validations for Market Risk metrics and coordinate testing with end users
Troubleshoot, debug and resolve complex issues related to Market Risk computations
Work closely with cross-functional teams including Risk, Front Office, and IT to ensure seamless integration of risk measures
Provide guidance and mentorship to junior team members
Contribute to process automation and continuous improvement of release cycles
Mandatory Skills:
Basel Capital Accord >FRTB
FRTB SA Business Consulting
Market Risk
Mandatory Skills Description:
8+ years of experience as a Market Risk BA
Deep expertise in Market Risk Models, FRTB and asset classes including MM, Fixed Income, FX, and IR Derivatives
Excellent understanding on pricing derivatives and option products, configuring market data / curves
Proven ability to develop, configure, and optimize Market Risk calculations independently
Experience in configuring and running risk computations including reval runs, normalized runs
Strong business stakeholder management skills, with experience in running risk measure validations
Extensive hands‐on experience in Market Risk functional validations (e.g., Interest Rate VaR, Stress Testing)
Expertise in configuring and validating various Market Risk measures such as VaR, PV01, CR01, and PnL vectors
Strong analytical skills to explain differences in VaR results between Murex and other risk systems
Positive understanding of Oracle and/or SQL Server RDBMS, with strong SQL skills for data analysis and validation
Nice‐to‐Have Skills Description:
Experience with Unix/Linux environments and scripting (Shell, Python, etc.)
Experience on loading OTC trading platforms Murex, Calypso, FIS
Exposure to GIT for version control
Good knowledge of CI/CD methodologies and tools
Understanding of regulatory risk requirements (FRTB, Basel framework, etc.)
Languages:
Seniority level
Mid‐Senior level
Employment type
Full‐time
Job function
Information Technology, Engineering, and Project Management
Industries
IT Services and IT Consulting and Software Development
Location: Melbourne, Victoria, Australia
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📌 Market Risk Business Analyst (Victoria)
🏢 Luxoft
📍 Victoria