Technical Risk Business Analyst

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

Job summary

A financial technology firm in London is seeking a Business Analyst to support the delivery of risk technology projects. The successful candidate will assist with the Bank's PFE initiative, document user requirements, and work closely with various stakeholders. Candidates should have a strong background in investment banking and quantitative analysis, with at least 5 years of experience in credit risk domains. This position offers competitive compensation and opportunities for professional growth.

Qualifications

• Minimum of 5 years experience in credit risk domains.
• Experience with vendor pricing and risk engines.
• Ability to define and structure test plans.

Responsibilities

• Assist with the Bank PFE initiative from a risk technology perspective.
• Document detailed user requirements and validate pricing models.
• Define testing methodologies and assist in user acceptance testing.

Skills

Quantitative analysis

Business analysis

Investment banking knowledge

Communication skills

Tools

FraimWRX

S&P Global

Job description

Overview

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 PFE initiative from a risk technology perspective.
• Perform technical analysis and design of target infrastructure updates related to PFE implementation 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.
• Work closely with risk quants to understand functionally how all products will map to existing PFE modelled/non-modelled calculation methodologies.
• 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)
• Act as a Risk technology SME within the one platform initative programme.

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
• 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