Credit House Business Analyst London recruitment
A top tier bank requires a business analyst to work on a number of regulatory changes being bought into the market. The recent unprecedented wave of global banking regulation brings with it the requirement for impacted institutions to rapidly distil and interpret a raft of rules, to allow:
· Informed strategic business decisions along side existing business aspirations
· The formulation and delivery of compliant responses, at all levels of the organisation
While a regulatory response framework continues to take shape within the Markets Division, the in place delivery focused programs and projects require immediate and dedicated support. The anticipated compliance timeframes, particularly those relating to Dodd Frank Title VII, and the likely delivery lead times, when combined with the business consequences of non compliance provide a significant incentive.
We are therefore looking to bring in an experienced professional who is capable of addressing the immediate business requirements. It is anticipated that such individual would also assist in building the core knowledge and experience of existing resources.
Responsibilities
The derivatives market is undergoing an unprecedented level of change, driven principally by the regulations of EMIR, MiFID2 and Dodd-Frank.
As a result, to protect the franchise and comply with mandatory regulatory changes the bank has created an OTC House Clearing Programme. The OTC House Clearing programme has the ambition to build a scalable OTC Clearing solution front to back to meet all house Clearing requirements, across all of the Fixed Income products.
At present the bank only has a house clearing solution for it IRD business. Within the House Clearing Programme there is a project to establish a House Clearing solution for all fixed income asset classes mandated by Clearing regulations, namely Credit, FX, Equity Commodities. The open Business Analyst position is to work on this initiative.
The Business Analyst will be responsible for:
§ Documenting current business processes / architecture
§ Work with Clearing Brokers and external/industry utilities to define the Clearing solution
§ Gathering business requirements completing an impact assessment
§ Translating the requirements into project deliverables
§ Drafting test packs test strategy
§ UAT test execution and bug/issue analysis
§ Working with the PM to resolve issues, design and implement solutions
§ Drafting regular workstream updates
§ Communications to and from the relevant stakeholders
Required Skills:
- Extensive Fixed Income Derivatives experience , in a relevant Consultancy role, Tier 1/2 Investment Banking environment or relevant Clearing House e
- Strong knowledge exposure to both Dodd Frank EMIR clearing regulations
- The candidate should have experience in working on clearing a credit derivative portfolio, from either a House or Client Clearing Perspective. This experience can have been achieved through either a CTB or RTB role.
- A strong understanding of the Clearing Houses (ICE, CME, LCH etc) in the OTC Derivative market.
- Demonstrate expertise in OTC Derivative products
- Full knowledge of an OTC Derivative trade life cycle from a bilateral and cleared perspective.
- Demonstrate a strong understanding of a project lifecycle and the key milestones/deliverables within each stage of a project lifecycle.
- Proven track record in working as a Business Analyst within an Investment Bank
- Maintains a sense of urgency and ability to prioritise / multi-task to deliver business value and meet project objectives.
- Ability to communicate effectively at all levels of the organisation including Senior Executives, Front Office and Infrastructure / Support individuals.
- Strong sense of accountability and ownership over Project key deliverables and realisation of Business value
