Market Risk Consulting Principal

About Cognizant Consulting

Cognizant Consulting is more than Cognizant’s consulting practice—we’re a global community of 5,000+ experts dedicated to helping clients reimagine their business. Blending our deep industry and technology advisory capability, we create innovative business solutions for Fortune 500 clients. And now, we’re looking for our next colleague who’ll join us in shaping the future of business. Could it be you?

About the Role

As a Market Risk Specialist Lead, you will make an impact by leading complex Market Risk and Counterparty Credit Risk (CCR) initiatives for large, regulated banking clients. You will play a pivotal role in translating regulatory and risk requirements into scalable, high‑quality technology and data solutions across Trading Book, CCAR, and CCR programs.

You will be a valued member of our Banking & Financial Services Consulting team and work collaboratively with Product Owners, Scrum Masters, Product Data Analysts, and Technology teams. This role blends deep domain expertise, hands-on delivery leadership, and strategic client engagement within a highly regulated environment.

In This Role, You Will

• Lead Market Risk and Counterparty Credit Risk (CCR) initiatives, providing subject‑matter expertise across Trading Book, CCAR, IRRBB, VaR, stress testing, and FRTB‑related requirements
• Translate complex regulatory guidance and internal risk policies into clear, actionable epics, features, and user stories that enable compliant delivery
• Partner with senior business, risk, data, and technology stakeholders to define strategy and drive execution aligned to business and regulatory outcomes
• Own backlog quality and readiness by decomposing requirements, defining acceptance criteria, and maintaining end‑to‑end traceability through delivery
• Support agile delivery by collaborating with Scrum Masters and cross‑functional teams to resolve dependencies, clarify requirements, and remove impediments
• Perform business and data analysis to validate risk metrics, calculations, data definitions, and controls, translating findings into delivery enhancements
• Provide delivery leadership through UAT support, offshore/onshore team coordination, and contribution to client growth and consulting engagement success

Work Model

We believe hybrid work is the way forward as we strive to provide flexibility wherever possible. Based on this role’s business requirements, this is a position requires 3 days a week in a client Tulsa, OK or Dallas, TX. Regardless of your working arrangement, we are here to support a healthy work-life balance though our various wellbeing programs.

What You Must Have to Be Considered

• 12–15 years of experience as a Senior or Lead Business Analyst within banking or financial services
• Deep Market Risk domain expertise, including Trading Book risk, CCR, IRRBB, VaR, and stress testing
• Proven experience supporting CCAR initiatives, particularly in Market Risk data, analytics, controls, or reporting
• Strong understanding of FRTB concepts and their impact on Market Risk data sensitivities and calculations
• Hands-on experience working in data-intensive, highly regulated environments
• Strong ability to communicate complex regulatory, business, and technical concepts to senior stakeholders

Compensation

• $165,000-$194,000

• This position is eligible for Cognizant’s discretionary annual incentive program, based on performance and subject to the terms of Cognizant’s applicable plans

Benefits

Medical, dental, vision and life insurance

• 401(k) plan and contributions

• Employee stock purchase plan

• Employee assistance program

• 10 paid holidays plus PTO

• Paid parental leave and fertility assistance

• Learning and development certifications and programs

Post closing date

Applications will be accepted until 02/27/2026.

The Cognizant community:
We are a high caliber team who appreciate and support one another. Our people uphold an energetic, collaborative and inclusive workplace where everyone can thrive.

• Cognizant is a global community with more than 300,000 associates around the world.
• We don’t just dream of a better way – we make it happen.
• We take care of our people, clients, company, communities and climate by doing what’s right.
• We foster an innovative environment where you can build the career path that’s right for you.

About us:
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating, and technology models for the digital era. Our unique industry-based, consultative approach helps clients envision, build, and run more innovative and efficient businesses. Headquartered in the U.S., Cognizant (a member of the NASDAQ-100 and one of Forbes World’s Best Employers 2025) is consistently listed among the most admired companies in the world. Learn how Cognizant helps clients lead with digital at www.cognizant.com

Cognizant is an equal opportunity employer. Your application and candidacy will not be considered based on race, color, sex, religion, creed, sexual orientation, gender identity, national origin, disability, genetic information, pregnancy, veteran status or any other characteristic protected by federal, state or local laws.

Disclaimer:
Compensation information is accurate as of the date of this posting. Cognizant reserves the right to modify this information at any time, subject to applicable law.

Applicants may be required to attend interviews in person or by video conference. In addition, candidates may be required to present their current state or government issued ID during each interview.