Risk Business Analyst- Front Office m/f/d

Risk Business Analyst- Front Office

London- x5 Days on-site

£600-£700

emagine is a high-end professional services consultancy and solutions firm Specialising in providing business and technology services to the financial services sector, we power progress, solve challenges and deliver real results through tailored high-end consulting services and solutions.

We have created a culture of openness and integrity by building genuine and strong relationships and partnerships, enabling us to be uncompromising in our dedication in delivering the optimal service for our clients. Our commitment is not just towards our clients but we aim to foster a positive and equitable working environment with our consultants and colleagues which stems from our core values: Confident, Dedicated, Responsible, Genuine.

We are currently looking for dynamic individual to join our Change & Transformation Practice as Risk Business Analysts; delivering key projects across as part of our Front Office change team; as the Risk Business Analyst embedded into the project team this role involves migration and consolidation of entity data amongst different banking entities.

The role:

• Assist with the delivery from a credit risk and market risk technology perspective.

• Documenting detailed user requirements, validating pricing and simulation models using Markit FRA.

• Mapping Trade and Market data items from trade systems to QUIC 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 credit risk monitoring.

• 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

• 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)

• Have a clear understanding of PFE inputs and understand the market and reference data requirements.

• Ability to validate and perform testing and explain differences.

Key Skills and Experience:

To succeed in this role you will need:

•  Strong quantitative skills and experience with advanced risk modeling tools, particularly in counterparty credit risk and Potential Future Exposure (PFE) calculations.

• Hands-on experience with pricing and risk engines, ideally IHS Markit Financial Risk Analytics (FRA), or comparable vendor or proprietary systems.

• Experience of working with QuIC/FraimWRX and/or Murex would be beneficial

• 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 Repo and SBL products

• Knowledge of key Credit risk and market risk topics.

• Ability to liaise with business and IT stakeholders

• Solid communication skills - both written and oral

Our people 

The ideal consultants will share our values and be aligned with our ways of working and as your career progresses, you can expect to work across all areas of the project lifecycle, from strategy to implementation. This will provide you with a broad base of experience from which to build an outstanding career.

The ideal consultants will share our values and be aligned with our ways of working and as your career progresses, you can expect to work across all areas of the project lifecycle.

We pride ourselves on;

• Providing our people with a supportive culture, rooted in our values and driven by our purpose.

• Promoting a culture of inclusion, collaboration, well-being, and learning and development.

• Providing increased agility and flexibility within our hybrid working model

• Investing in employees’ growth through ongoing training and development

• Autonomy to take ownership of projects, making decisions and demonstrating individual expertise

• Providing an transparent performance and career management experience.

Our consultants are integral to delivering successful consulting engagements, addressing our clients’ most pressing business challenges, and build lasting value in disciplines such as:

• Solve sophisticated, ambiguous business, change and technology problems, bringing structure and meticulous analysis and planning, acting, and taking decisions with little strategic direction

• Build, develop and sustain trusted senior client relationships in the C-suite by remaining highly attuned to client needs

• Drive, enable and support the business, partnering with our leaders, clients, and consultants across our practices to take the best of emagine to our clients through opportunity identification/qualification, solution development/presentation