Credit Risk BA

Project Description:

Support the delivery of migrating the American Entity PFE solution to the EMEA PFE system stack.

The products mainly focus on Repo, SBL, MBS and securities. This involves migrating to the FraimWRX platform from the vendor Markit.

Responsibilities:

• Support the delivery of the US PFE Project which is looking to migrate to FraimWRX for PFE calculation of Repos, SBLs and MBS. This will consist of:

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

o Perform technical analysis related to PFE implementation.

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

o Mapping Trade and Market data items from trade systems to QUIC format.

o Work closely with risk quants to understand functionally how all products will map to existing PFE modelled/non-modelled calculation methodologies.

o Working closely with business to define a solution for credit risk monitoring.

o Work closely with the technology project management and risk system vendors to define delivery schedules and validate package updates.

o Work with the project team to define appropriate testing methodologies and be involved running tests related to new product development.

o Ensure effective partnership with the production teams to ensure effective handover of new processes and controls into the live environment

o Drive forward solutions to remediate production issues

o 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.

o Work closely with relevant business and technology stakeholders to ensure effective and efficient implementation of the project(s)

o Act as a Risk technology SME.

o Have a clear understanding of PFE inputs and understand the market and reference data requirements. Ability to validate and perform testing and explain differences.

Mandatory Skills Description:

• Counterparty credit risk uses an advanced model for PFE so the BA needs to be quantitative and familiar with these advanced tools.

• Client uses a vendor based calculation engine, IHS Market Financial Risk Analytics or FRA (formerly known as Quic) and that although prior experience using FRA is desirable similar hands on experience with other vendor or proprietary pricing and risk engines is acceptable .

• 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 investment banking

• Knowledge of key Credit risk ad market risk topics. A Minimum of 5 years’ experience working in these domains.

• Ability to liaise with business and IT stakeholders

• Solid communication skills – both written and oral.

Nice-to-Have Skills Description:

• Work experience in the 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.

Languages:

English: B2/C1/C2