At a Glance
- Tasks: Analyse and implement risk solutions for Counterparty Credit Risk and PFE calculations.
- Company: Global banking institution focused on risk transformation.
- Benefits: Competitive salary, professional development, and dynamic work environment.
- Other info: Collaborative team culture with opportunities for career advancement.
- Why this job: Join a major risk migration programme and make an impact in investment banking.
- Qualifications: Experience in Counterparty Credit Risk and strong business analysis skills required.
The predicted salary is between 63000 - 77000 £ per year.
We are seeking an experienced Senior Business Analyst with a strong background in Quantitative Risk and Counterparty Credit Risk to support a major risk transformation programme within a global banking environment. This role will play a key part in delivering risk metrics into FraimWRX and supporting the migration of risk systems and credit risk methodologies.
Working within the Risk Technology team, you will partner with Risk Analytics, Quants, Front Office, Credit Risk and Technology stakeholders to implement and enhance Potential Future Exposure (PFE) and intraday/end-of-day credit risk monitoring capabilities. This is an excellent opportunity for a technically strong Business Analyst who understands both risk methodology and technology delivery within complex investment banking environments.
The Role
You will be responsible for analysing, implementing and validating risk solutions supporting Counterparty Credit Risk and PFE calculations across Interest Rate, FX and Credit products. Working closely with quantitative teams, risk stakeholders and technology partners, you will ensure products are accurately mapped within FraimWRX, testing is executed effectively, and solutions are successfully delivered into production.
Key Responsibilities
- Support the delivery of a major risk migration programme from a Risk Technology perspective.
- Drive the implementation and enhancement of PFE and credit risk monitoring solutions.
- Gather, document and validate detailed business and functional requirements.
- Analyse and map trade and market data from upstream trading systems into FraimWRX.
- Validate pricing and simulation models using Markit FRA and related risk platforms.
- Partner with Quantitative Risk teams to ensure products are correctly aligned with PFE modelling methodologies.
- Work with business stakeholders to enhance intraday and end-of-day credit risk monitoring.
- Collaborate with project management teams and third-party vendors to define delivery schedules and validate software releases.
- Define testing strategies and execute unit, integration, UAT and end-to-end testing activities.
- Support new product onboarding and validation.
- Ensure successful transition of new processes and controls into production environments.
- Investigate and help resolve production issues and risk-related system challenges.
- Build strong relationships across Risk Technology, Credit Risk, Market Risk, Front Office and Risk Analytics teams.
Experience
- Strong understanding of Counterparty Credit Risk and Potential Future Exposure (PFE).
- Experience delivering risk technology solutions within an investment banking environment.
- Strong business analysis and requirements gathering skills.
- Strong testing experience, including UAT and end-to-end testing.
- Experience working with pricing, simulation or risk calculation engines.
- Knowledge of trade and market data mapping.
- Hands-on experience with FraimWRX (formerly QuIC).
- Experience with Murex.
- Experience working with S&P Global risk calculation platforms.
- Knowledge of quantitative risk models and advanced counterparty credit risk methodologies.
What We're Looking For
You will be a proactive, delivery-focused Business Analyst who combines strong risk domain knowledge with technical analysis skills. You'll be comfortable operating in a fast-paced banking environment, managing multiple stakeholders, and driving complex initiatives from requirements through to successful production implementation.
Senior Business Analyst – Counterparty Credit Risk / PFE in London employer: Luxoft
Luxoft is an excellent employer that fosters a dynamic and collaborative work culture, particularly for those passionate about market risk analytics. With a strong emphasis on employee growth, you will have access to continuous learning opportunities and the chance to work with cutting-edge technologies in a supportive agile environment. Located in the United Kingdom, Luxoft offers a unique blend of professional development and a vibrant team atmosphere, making it an ideal place for skilled developers looking to make a meaningful impact.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Business Analyst – Counterparty Credit Risk / PFE in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Luxoft. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Senior Business Analyst – Counterparty Credit Risk / PFE in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Luxoft.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Luxoft's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Luxoft
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Luxoft.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Luxoft will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Luxoft employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
