Market Risk Change BA recruitment
Market Risk Change Business Analyst
The Company:
Our client is a leading and well recognised global investment bank who is currently in need of a counter party credit risk business analyst to work in their City of London office.
The Role:
This position is for a well experienced Business Analyst - with good experience in Investment Banking especially with strong traded-products knowledge. Strong knowledge of Market Risk methodology namely counterparty VaR to define and document clear business requirements / functional specifications / testing strategies.
In addition to the description above the must suitable candidate will also have the following:
- Market Risk Change Business Analysis experience: Non IMM Stress Testing using Counterparty VaR.
- Strong product knowledge exposure to stress testing.
- Clarify requirements [requires understanding of/check back to BIPRU, GENPRU] and participate [from business perspective] in solution design
- Control framework - data quality [e.g. data in, missing, validation of the numbers - e.g. sensitivities and stressed mtm Deltas -, risk management [e.g. use of numbers, decision making], governance.
- There is a specific piece of more quantitative work here to determine multipliers required for non-linear products for which Delta, Vega approximations insufficient capture risk.
- There is also work to be done on the stress scenarios, developing suitable scenarios for credit and equity components of the portfolio - awareness of at least of the major challenges and understanding of this area of work is mandatory.
- Operating model experience [processes, ownership, who does what, when and how, touch points with other teams]
This is a very exciting opportunity. If you meet the requirements for this position please apply following the link provided or direct cmensah@mcgregor-boyall.com