Risk Business Analyst Technical

LUXOFT; City of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A multinational financial services firm in London is seeking an experienced Business Analyst to support credit risk technology projects. The ideal candidate will have a strong background in credit risk reporting and proficiency in advanced modeling for PFE. Responsibilities include assisting with delivery initiatives, conducting detailed technical analysis, and collaborating closely with business and technology teams. The role requires a minimum of 5 years of relevant experience and excellent communication skills.

Qualifications

• Minimum of 5 years experience in credit risk reporting.
• Ability to liaise with business and IT stakeholders.
• Solid communication skills, both written and oral.

Responsibilities

• Assist with the delivery of Bank Credit Risk Enhancement initiatives.
• Document detailed user requirements, validating pricing and simulation models.
• Work closely with business and technology stakeholders.

Skills

Advanced model for PFE knowledge

Business analysis skills

Strong SQL proficiency

Experience with SQL and .NET

Knowledge of investment banking

Tools

IHS Markit FRA

FraimWRX

Power BI

Job description

Project description

To support the delivery of the clients PFE and adoption. This is required to meet PRA/ECB regulatory requirements, but also ensures methodology consistency with Bank and Securities. The latter already use PFE. This will be a role within the Business Analyst team servicing Risk technology related projects.

Responsibilities

• Assist with the delivery of the Bank Credit Risk Enhancement initiatives from a risk technology perspective.
• Perform detailed technical analysis and design of target infrastructure updates related to Credit Risk initiatives for the Bank entity.
• Documenting detailed user requirements, validating pricing and simulation models using Markit FRA.
• Mapping Trade and Market data items from trade systems to FraimWRX format.
• A strong background in Credir risk reporting.
• Working closely with business to define a solution for eod/intraday credit risk monitoring for the bank entity.
• Work closely with the technology project management and risk system vendors to define delivery schedules and validate package updates.
• Work with the project team to define appropriate testing methodologies and be involved running tests related to new product development.
• Ensure effective partnership with the production teams to ensure effective handover of new processes and controls into the live environment
• Drive forward solutions to remediate production issues
• Develop solid working relationships with many all areas of the firm but especially technology risk, risk analytics group, market risk management, credit risk management and Front office solutions.
• Work closely with relevant business and technology stakeholders to ensure effective and efficient implementation of the project(s)

SKILLS

Must have

• Clients counterparty credit risk uses an advanced model for PFE so the BA needs to be quantitative and familiar with these advanced tools.
• Client uses a vendor based calculation engine, S&P Global and FraimWRX (formerly known as Quic) and that although prior experience using FraimWRX is desirable similar hands on experience with other vendor or proprietary pricing and risk engines is acceptable.
• Strong business analysis skills and project lifecycle knowledge.
• Knowledge/experience of gathering business requirements and compiling business requirements documents and functional specifications.
• Vendor Risk Engines: Hands‑on experience with platforms like IHS Markit FRA (Fraimwrx), Murex, or similar proprietary pricing and risk engines.
• Programming & Data Tools: Proficiency in SQL, .net, Excel VBA, and ideally some exposure to Python or SAS. Power BI is also ideal as most of the credit risk enhancements utilize this as a solution. Experience using Control-M also a plus.
• Testing & UAT: Ability to define and structure test plans, guide users through UAT phases, and validate requirements against outcomes.
• Ability to define and structure test plans, experience of guiding users through UAT phases.
• Ability and experience of working under pressure - both autonomously and within a team.
• Knowledge of investment banking.
• Strong background in implementing a PFE solution for Interest rate, FX and Loan products.
• Knowledge of key Credit risk topics. A Minimum of 5 years experience working in these domains.
• Ability to liaise with business and IT stakeholders.
• Solid communication skills - both written and oral.

Nice to have

• Experience of working with FraimWRX and/or Murex would be beneficial.