At a Glance
- Tasks: Analyse and document business requirements for regulatory capital calculations in a dynamic project.
- Company: Join a leading financial institution focused on compliance and innovation.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Collaborative environment with a focus on relationship building and stakeholder engagement.
- Why this job: Be part of a crucial project ensuring compliance with new regulations and make a real impact.
- Qualifications: 5+ years as a Business Analyst in financial institutions with strong analytical skills.
The predicted salary is between 63000 - 77000 £ per year.
The objective of the FI26 PRA Basel 3.1 Implementation project is to ensure that the bank is compliant with PRA Basel 3.1 regulation by the date the regulation comes into force (i.e. 1st January 2027). The project will implement Full BA-CVA so that the calculation will recognize hedges to a degree. The project will review and, where necessary, implement all required components (dataset, hot fixes, batches, etc) in the vendor's regulatory solution to calculate and report BA-CVA capital for in-scope transactions and counterparties according to Bank of England rules.
The Business Analyst (BA) will play a key role in analysing, documenting and verifying as well as testing the BA-CVA calculations provided in a third-party vendor product being implemented at the bank. The BA will work closely with Finance, Credit risk and IT teams to ensure full verification and testing ahead of implementation.
Key responsibilities include:
- Gathering, analysing, and documenting business requirements related to SA-CCR, CCR, and regulatory capital calculations.
- Supporting E2E (end to end) testing UAT to validate BA-CVA calculations.
- Performing requirements gathering and compiling formal Business Requirements and Functional Specification documents.
- Covering all aspects of Business Analyst engagement throughout the Project Development lifecycle.
- Formulating and presenting proposed solutions to the business users, incorporating illustrative calculations using production data.
- Formulating testing approaches and compiling test plans and test cases.
- Performing system/integration testing and supporting business users with user acceptance testing.
- Completing project/work-stream status reports.
- Escalating issues/risks to project/line management.
Requirements:
- Ideally 5+ years of experience supporting financial institution(s) working as a Business Analyst on Credit Valuation Adjustment / Credit Risk projects.
- Business analysis experience working for a top tier bank or consultancy.
- Thorough understanding of the project lifecycle and experience of compiling scope, requirements and testing documents.
- An understanding of Technology and software development lifecycles.
- Knowledge and experience of Regulatory projects, including regulatory reporting.
- Good network building and relationship forming skills with stakeholders.
- Proficient with core Microsoft desktop software.
- Prior experience working with Moody's Risk Authority (RAY) is preferred but not essential.
English: Business Analysis
Training Business Analyst in London employer: Luxoft
As a leading bank, we pride ourselves on fostering a dynamic and inclusive work environment that encourages professional growth and collaboration. Our Training Business Analyst role offers the opportunity to engage in impactful projects while working alongside talented teams dedicated to compliance and innovation. With a strong commitment to employee development and a culture that values diverse perspectives, we provide our staff with the tools and support needed to thrive in their careers.
