Business Analyst – Market Risk platforms recruitment

Risk Platforms is a Risk department within Risk that spans Commercial Banking, Corporate Banking, Treasury Trading and Wholesale Markets. The Wholesale International Risk Platforms team is tasked with developing and managing an optimised Wholesale International wide risk platform with integrated MI functionality and appropriate control workflows to enable effective risk management.

The Junior Business Analyst will be expected to work as part of the Risk Platforms management team; the role will carry specific responsibility over Market and Credit Risk infrastructure in Wholesale International risk.

Key Responsibilities:

• The role involves assisting in the Market Risk systems and contributing to the wider development of Market Risk and Credit Risk Infrastructure across Wholesale International risk.

• To plan, test and implement key controls and changes to risk systems for Wholesale Banking Markets, including MRAP (internal historical VaR engine), Adaptiv Analytics (PFE engine), Summit, Quantlib pricing library  and off system model spreadsheets in respect to transaction, sensitivities, market data, mark-to-market pricing and reconciliations, scenario generation and FSA stress testing Capital Reporting in compliance with CADII, Basel II/III and general market practice.

• To liaise closely with stakeholders within Wholesale International  Risk, Market Risk, Risk Methodologies, Front Office, Risk IT and 3rd party software vendors Sungard, Murex, external consultants to support the infrastructure, new business and integration for WM/TT, clearly documenting and communicating business plans and requirements to senior managers in Risk Platforms.

• Representing Risk Platform at committee’s and New Product Working Groups, contributing to risk methodology discussions with the Risk Methodology Analytics team in support of new products, Front Office queries and signing off on behalf of Risk Platform.

• To manage UAT and regression test cycles for projects, software upgrades etc.  This will involve liaising across functional areas and working closely with software vendors and internal Risk IT development teams, tracking issues and escalating to senior management in both Risk Platform and Market Risk/Credit Risk teams as required.

• Responsibility for documentation of test results and process/procedural documentation to enable effective handover to Market Risk, Risk Control Monitoring, Risk Data, Risk Reporting MI teams and ensure compliance with internal audit and Sarbanes–Oxley requirements.

Experience Required:

• At least a 2.1 degree, preferably in a mathematical discipline.

• A minimum of 2-4 years experience in banking, with preference to market risk pricing analytics and project BA role gained within an Investment Bank

• Experience of “Value at Risk” and pricing of Rates, Credit and FX products, risk systems knowledge including Adaptiv, Summit, Murex and Historical VaR advantageous.

• Advanced use of VBA Excel SQL, a good understanding of interfaces and programming and writing business requirements/technical specs.


Skills Knowledge Areas:

• Strong knowledge of Market Risk of derivative products covering Rates, FX, Credit, MM and structured products.

• Proven knowledge of pricing, risk sensitivities, VaR and PFE.

• Self/Work Organisation skills.

• Excellent Oral Written Communication skills.

• Analysis and vendor management skills would be advantageous.

If you would like to apply please email me your CV - Ben.Reed@investigo.co.uk or call 020 3009 3427