At a Glance
- Tasks: Join a major risk transformation programme and implement strategic counterparty credit risk initiatives.
- Company: Leading global investment bank with a focus on innovation and technology.
- Benefits: Competitive day rate, flexible working pattern, and opportunities for professional growth.
- Other info: Dynamic role with excellent networking opportunities across various teams.
- Why this job: Make a real impact in risk management while collaborating with top industry professionals.
- Qualifications: 5+ years in Business Analysis with strong knowledge of counterparty credit risk.
We're supporting a leading global investment bank in the search for an experienced Quant Business Analyst to join a major risk transformation programme. This is an exciting opportunity to work on the implementation of strategic counterparty credit risk initiatives within a complex front-office and risk technology environment.
Contract Details
- Day Rate: £600–£700 per day (Inside IR35)
- Contract: 6-month rolling contract
- Location: London
- Working Pattern: 4 days per week in the office
The Opportunity
You’ll play a key role in delivering a strategic risk migration programme, focusing on Potential Future Exposure (PFE) implementation and the adoption of a strategic risk calculation platform. Working alongside Risk Technology, Quantitative Analytics, Front Office and Credit Risk teams, you’ll bridge business and technology to deliver critical risk capabilities across the bank. This role is ideal for a technically strong Business Analyst with deep quantitative knowledge of counterparty credit risk and experience delivering complex risk technology projects within investment banking.
Key Responsibilities
- Support the delivery of a strategic risk migration programme from a Risk Technology perspective.
- Perform business and technical analysis to support the implementation of PFE models and risk metrics.
- Gather, document and validate detailed business and functional requirements.
- Map trade and market data into the strategic risk platform.
- Work closely with Quant teams to understand and validate PFE calculation methodologies across Interest Rate, FX and Credit products.
- Partner with Credit Risk stakeholders to support end-of-day and intraday risk monitoring.
- Collaborate with technology teams, project managers and third-party vendors to deliver project milestones.
- Define and execute testing strategies, including unit, integration and end-to-end testing.
- Investigate and resolve production issues while driving long-term improvements.
- Build strong relationships across Technology, Risk Analytics, Credit Risk, Market Risk and Front Office teams.
Required Experience
- Extensive Business Analyst experience delivering Risk Technology initiatives within an investment banking environment.
- Strong understanding of Counterparty Credit Risk and Potential Future Exposure (PFE).
- Experience implementing PFE solutions across Interest Rate, FX and Credit products.
- Knowledge of pricing models, simulations and quantitative risk methodologies.
- Proven experience gathering business requirements and producing functional specifications.
- Strong experience supporting UAT, integration and end-to-end testing.
- Excellent stakeholder management across both business and technology teams.
- Strong analytical, communication and problem-solving skills.
- Minimum 5 years' experience working within Credit Risk, Quantitative Risk or Risk Technology.
Desirable
- Experience with FraimWRX (formerly QuIC).
- Experience with Murex or other strategic pricing/risk engines.
- Experience working with vendor-based risk calculation platforms.
- Degree educated in a relevant discipline.
Quant Business Analyst - Counterparty Credit Risk (PFE) in City of London employer: Bonhill Partners
Bonhill Partners offers an exceptional work environment for Data Engineers, providing the opportunity to engage with cutting-edge technologies in a dynamic global commodities trading setting. Employees benefit from a culture of innovation and collaboration, alongside ample opportunities for professional growth and development. Located in a vibrant industry hub, the company fosters a supportive atmosphere that values creativity and encourages team members to push the boundaries of data engineering.
StudySmarter Expert Advice🤫
We think this is how you could land Quant Business Analyst - Counterparty Credit Risk (PFE) in City of London
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
✨Utilise Temp Agencies Specialised in Finance
Reach out to temp agencies that focus on the banking sector. They often have strong ties with various firms and can help you secure short-term gigs that can help beef up your CV and get your foot in the door at firms like Bonhill Partners.
✨Connect with Alumni from Your Uni
Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.
✨Stay Active on Job Boards and Company Websites
Keep your eyes peeled on job boards specifically for finance roles. Companies like Bonhill Partners might post temporary positions directly on their sites, so make sure to apply there too. Set alerts to catch those roles the moment they go live!
We think you need these skills to ace Quant Business Analyst - Counterparty Credit Risk (PFE) in City of London
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at Bonhill Partners will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Bonhill Partners. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give Bonhill Partners confidence in your short-term commitment to the role.
How to prepare for a job interview at Bonhill Partners
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with Bonhill Partners.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure Bonhill Partners that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
