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- Tasks: Join us as a Business Analyst to drive risk transformation in investment banking.
- Company: Dynamic investment bank with a focus on technology and innovation.
- Benefits: Hybrid work model, competitive pay, and opportunities for professional growth.
- Other info: Collaborative environment with exposure to cutting-edge risk frameworks.
- Why this job: Make a real impact on large-scale tech change while enhancing your analytical skills.
- Qualifications: 7-12 years in Capital Markets, strong SQL and Python skills required.
The predicted salary is between 60000 - 80000 £ per year.
Location: London, UK (Hybrid weekly 3 days onsite)
Type of Hiring: Contract Inside IR35
We are looking for a Business Analyst with strong experience in Market Risk or Counterparty Credit Risk (CCR), supporting large-scale technology change and transformation programs within investment banking. The role requires a blend of functional risk knowledge, data analysis and technical understanding (including Python).
Key Responsibilities
- Work on risk transformation programs (Market Risk / CCR / FRTB) across technology and business teams
- Gather and document business and functional requirements for risk systems and reporting
- Translate requirements into detailed functional specifications and data mappings
- Perform data analysis and validation using SQL / Python for risk and trade datasets
- Support implementation of regulatory changes (e.g., FRTB) across systems and processes
- Collaborate with technology teams, quants and stakeholders to drive delivery
- Participate in UAT, testing and validation of risk calculations and outputs
- Ensure alignment across front office, risk and IT systems
Must-Have Skills
- Strong experience as a Business Analyst in Capital Markets / Investment Banking
- Strong exposure to Market Risk or CCR
- FRTB or regulatory risk frameworks
- Strong data analysis skills (SQL mandatory)
- Working knowledge of Python for data analysis / validation
- Experience in large-scale tech change / transformation programs
- Strong requirement gathering, documentation and stakeholder management skills
Domain Experience (Critical)
- Hands-on experience in Market Risk (VaR, sensitivities, stress testing) OR CCR (exposure calculation, derivatives, counterparty risk)
- Understanding of trade lifecycle and risk data flows
- Financial products: Derivatives (swaps, options, futures), bonds
Good-to-Have
- Experience working with risk systems / platforms
- Exposure to data lineage, reconciliation and controls
- Experience working with quants / model teams
- Familiarity with Agile delivery models
- Basic understanding of data architecture or APIs
Experience
~7–12 years (depending on depth of domain + program exposure)
Note: Candidates must have worked on regulatory or large-scale risk transformation programs (not BAU reporting roles).
Business Analyst employer: Ampstek
Contact Detail:
Ampstek Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Analyst
✨Tip Number 1
Network like a pro! Reach out to your connections in the investment banking sector, especially those who work with Market Risk or CCR. A friendly chat can lead to insider info about job openings that might not even be advertised.
✨Tip Number 2
Get your hands dirty with some practical projects. Whether it's a personal project using Python for data analysis or contributing to open-source risk systems, showcasing your skills can make you stand out. Plus, it gives you something solid to talk about in interviews!
✨Tip Number 3
Prepare for interviews by brushing up on your knowledge of regulatory frameworks like FRTB. Be ready to discuss how you've tackled similar challenges in past roles. We want to see that you can translate your experience into actionable insights for our team.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive and engaged with our hiring process.
We think you need these skills to ace Business Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Business Analyst role. Highlight your experience in Market Risk or Counterparty Credit Risk, and don’t forget to showcase your data analysis skills with SQL and Python. We want to see how your background fits perfectly with what we’re looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role. Mention specific projects where you’ve supported large-scale tech changes and how you’ve collaborated with various teams. Let us know what excites you about working with StudySmarter!
Showcase Your Technical Skills: Since this role requires a blend of functional risk knowledge and technical understanding, make sure to highlight your experience with data analysis tools like SQL and Python. We love seeing candidates who can bridge the gap between business and technology, so don’t hold back!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application directly and ensures you don’t miss out on any important updates. We can’t wait to see what you bring to the table!
How to prepare for a job interview at Ampstek
✨Know Your Risk Frameworks
Make sure you brush up on your knowledge of Market Risk and Counterparty Credit Risk. Be ready to discuss specific frameworks like FRTB and how they impact risk transformation programmes. This will show that you understand the core of what the role entails.
✨Show Off Your Data Skills
Since strong data analysis skills are a must, be prepared to talk about your experience with SQL and Python. Bring examples of how you've used these tools in past projects, especially in validating risk and trade datasets. Practical examples will make your skills stand out.
✨Master Requirement Gathering
Demonstrate your ability to gather and document business and functional requirements effectively. Prepare to discuss your approach to translating these requirements into detailed specifications. Highlight any past experiences where your documentation made a significant impact on project success.
✨Collaboration is Key
This role requires working closely with various teams, so be ready to share examples of how you've collaborated with technology teams, quants, and stakeholders in the past. Emphasise your communication skills and how you ensure alignment across different departments.