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 Rol
eYou 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 Responsibiliti
- es• Support the delivery of a major risk migration programme from a Risk Technology perspectiv
- e.• Drive the implementation and enhancement of PFE and credit risk monitoring solution
- s• Gather, document and validate detailed business and functional requirement
- s.• Analyse and map trade and market data from upstream trading systems into FraimWR
- X.• Validate pricing and simulation models using Markit FRA and related risk platform
- s.• Partner with Quantitative Risk teams to ensure products are correctly aligned with PFE modelling methodologie
- s.• Work with business stakeholders to enhance intraday and end-of-day credit risk monitorin
- g.• Collaborate with project management teams and third-party vendors to define delivery schedules and validate software release
- s.• Define testing strategies and execute unit, integration, UAT and end-to-end testing activitie
- s.• Support new product onboarding and validatio
- n.• Ensure successful transition of new processes and controls into production environment
- s.• Investigate and help resolve production issues and risk-related system challenge
- s.• Build strong relationships across Risk Technology, Credit Risk, Market Risk, Front Office and Risk Analytics team
Experie
nce• Strong understanding of Counterparty Credit Risk and Potential Future Exposure (PF
E).• Experience delivering risk technology solutions within an investment banking environme
- ss:Interest Rate produ
cts• Strong business analysis and requirements gathering skil
- ng:Business Requirements Documents (BR
- Ds)Functional Specificati
- onsProcess and Data Mapping documentat
ion• Strong testing experience, including UAT and end-to-end testi
ng.• Experience working with pricing, simulation or risk calculation engin
es.• Knowledge of trade and market data mappi
ence• Hands-on experience with FraimWRX (formerly Qu
IC).• Experience with Mu
rex.
Experience working with S&P Global risk calculation platfo
rms.
Knowledge of quantitative risk models and advanced counterparty credit risk methodolog
ies. What We're Lookin
g ForYou 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 implementa
tion.
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Senior Business Analyst – Counterparty Credit Risk / PFE 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.
