At a Glance
- Tasks: Analyse and validate BA-CVA calculations, ensuring compliance with regulations.
- Company: Join emagine, a leading consultancy in financial services with a culture of integrity.
- Benefits: Competitive pay, flexible hybrid working, and ongoing training for career growth.
- Other info: Be part of a diverse team that values collaboration and personal development.
- Why this job: Make a real impact on regulatory initiatives while developing your skills in a supportive environment.
- Qualifications: 5+ years as a Business Analyst with expertise in Credit Valuation Adjustment.
The predicted salary is between 49500 - 60500 £ per year.
£600-£650pd Inside IR35
Initial 6 month engagement
4 days on site in London
emagine is a high-end professional services consultancy and solutions firm specialising in providing business and technology services to the financial services sector. 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 seeking an experienced Business Analyst to join the Technology Management Team to support a critical regulatory initiative. This role focuses on delivering compliance with PRA Basel 3.1 regulations by 1 January 2027, with a particular emphasis on Basic Approach Credit Valuation Adjustment (BA-CVA). You will play a key role in validating and testing vendor-provided BA-CVA calculations, ensuring accuracy, transparency, and regulatory compliance.
Key Responsibilities
- Analyse and validate BA-CVA calculations delivered by a third-party vendor
- Collaborate with technical teams to document, review, and test calculation methodologies
- Produce high-quality Business Requirements Documents (BRDs) and Functional Specifications
- Document workflows, processes, and findings clearly for stakeholders
- Engage with stakeholders to gather requirements and obtain sign-off
- Support end-to-end User Acceptance Testing (UAT), including test planning and execution
- Develop and maintain test plans, test cases, and test results documentation
- Liaise directly with the external vendor where required
- Present proposed solutions and testing approaches to stakeholders
- Provide project updates, highlight risks, and escalate issues where necessary
Key Requirements
- 5+ years' experience as a Business Analyst within Credit Risk/CVA projects
- Strong expertise in Credit Valuation Adjustment (CVA) calculations
- Proven experience working with vendor-managed solutions and integrations
- Demonstrated ability to deliver within regulatory-driven projects
- Strong stakeholder management and communication skills
- Experience with Moody's Risk Authority (RAY)
- Background in regulatory reporting initiatives
- Knowledge of derivatives products
The ideal consultants will share our values and be aligned with our ways of working. As your career progresses, you can expect to work across all areas of the project life cycle, from strategy to implementation. 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.
Interested? At emagine, we are committed to building an international and diverse team by embracing our different backgrounds. If you are up to the challenge and would like to find out more, get in touch with us immediately. Our internal recruitment team is always keen to hear from dynamic individuals that are looking to further their career and explore their full potential.
emagine is an equal opportunity employer, and employment practices are based strictly on merit.
Basic Approach CVA Business Analyst (h/f) employer: emagine
Emagine is an exceptional employer located in Greater London, offering a vibrant work culture that prioritises integrity and collaboration. As a Senior Automation Engineer, you will benefit from competitive pay and the chance to grow your skills within a leading consultancy in the financial services sector, where innovation and employee development are at the forefront of our mission.
StudySmarter Expert Advice🤫
We think this is how you could land Basic Approach CVA Business Analyst (h/f)
✨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 emagine.
✨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 emagine 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 Basic Approach CVA Business Analyst (h/f)
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 emagine 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 emagine. 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 emagine confidence in your short-term commitment to the role.
How to prepare for a job interview at emagine
✨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 emagine.
✨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 emagine 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.
