Description

Business Justification

Role is required to enable the Bank to prepare to adopt new risk systems and credit risk methodology change. The role will sit in technology and be responsible for implementing PFE and intraday/eod credit risk monitoring. Key Tasks will be to ensure the product mapping on FraimWRX and CR is correct for PV and RISK, new product testing with RAG for BRCP, understanding the new vendor package product maps and how to implement these with the development team and heavy involvement in Unit testing and e2e testing.

Key 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 functionaly 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 and XP:

Functional/Technical Competencies:

The bank's counterparty credit risk uses an advanced model for PFE so the BA needs to be quantitative and familiar with these advanced tools.

The bank uses a vendor based calculation engine, S&P Global and FraimWRX (formerly known as Quic) and that although prior XP using FraimWRX is desirable similar hands on XP with other vendor or proprietary pricing and risk engines is acceptable .

Strong business analysis skills and project life cycle knowledge

Knowledge/XP of gathering business requirements and compiling business requirements documents and functional specifications

Ability to define and structure test plans, XP of guiding users through UAT phases

Ability and XP of working under pressure - both autonomously and within a team

Konwledge of investment banking

Strong XP in implementing a PFE solution for Interest rate, FX and Loan products.

Knowledge of key Credit risk topics. A Minimum of 5 years XP woking in these domains.

XP of working with FraimWRX and/or Murex would be beneficial

Ability to liaise with business and IT stakeholders

Solid communication skills - both written and oral

Education/Qualifications:

Degree level.

Personal Requirements:

Work XP in the Securities Industry, preferably in a similar role

Proactive and self-starting individual with high levels of ownership

Strong analytical skills

Proven ability to organise and prioritise own workload and drive results

The ability to demonstrate strong decision making skills/sound judgements

Proactive and self-starting individual with high levels of ownership

Flexibility to adapt to urgent tasks as well as undertaking longer-term solutions

Strong interpersonal skills together with the ability to influence others and make decisions

Strong problem solving skills with a logical approach

The ability to collaborate and partner across the firm

High attention to detail

Skills

• PFE
• Credit Risk Reporting
• Business Analyst
• Technical Business Analyst
• Business analysis
• FraimWRX
• implementation

Job Title: Technical Risk Business Analyst

Location: London, UK

Job Type: Contract

Trading as TEKsystems. Allegis Group Limited, Bracknell, RG12 1RT, United Kingdom. No. 2876353. Allegis Group Limited operates as an Employment Business and Employment Agency as set out in the Conduct of Employment Agencies and Employment Businesses Regulations 2003. TEKsystems is a company within the Allegis Group network of companies (collectively referred to as "Allegis Group"). Aerotek, Aston Carter, EASi, Talentis Solutions, TEKsystems, Stamford Consultants and The Stamford Group are Allegis Group brands. If you apply, your personal data will be processed as described in the Allegis Group Online Privacy Notice available at our website.

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