Project description
All potential candidates should read through the following details of this job with care before making an application.
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.
Responsibilities
The role holder will be responsible for the following:
Analyse and validate the BA-CVA calculations from the third-party vendor product
Document findings, processes and workflows where applicable
Gather, analyse, and document business requirements related to SA-CCR, CCR, and regulatory capital calculations.
Engage stakeholders for review, input and where applicable sign off
Collaborate with technical team to document and test the third-party vendor product BA-CVA calculations
Support E2E (end to end) testing UAT to validate BA-CVA calculations
Liaise with vendor where applicable
Tasks as a Business Analyst could also include:
Performing requirements gathering and compiling formal Business Requirements and Functional Specification documents.
Covering all aspects of Business Analyst engagement throughout the Project Development lifecycle including but not limited to:
Formulating and presenting proposed solutions to the business users. This may incorporate 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.
Compiling and presenting test results.
Completing project/work-stream status reports.
Escalating issues/risks to project/line management.
Skills
Must have
MUST BE:
Able to conduct Independent verification and E2E test of Basic Approach CVA calculations.
MUST HAVE:
Ideally 5+ years of experience supporting financial institution(s) working as a Business Analyst on Credit Valuation Adjustment / Credit Risk projects.
Strong understanding of SA-CCR regulations and methodologies.
Knowledge of Credit Valuations Adjustment calculations
Ability to analyse and interpret CVA calculations
Experience of working alongside vendors in delivering integrated solutions
Demonstrable experience in all areas of responsibility stated above.
Functional / Technical Competencies:
Solid communication and analytical skills
both written and oral
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 of Derivatives products
Knowledge and experience of Regulatory projects, including regulatory reporting
Good network building and relationship forming skills with stakeholders
Ability to work as part of a team as well as independently, including in direct relation with Senior Management
Proficient with core Microsoft desktop software
Education / Qualifications:
Degree educated and / or equivalent experience. xohmjla
Nice to have
Prior experience working with Moody's Risk Authority (RAY) is preferred but not essential.
OtherLanguages
English: A1 Beginner
Seniority
Regular
London, United Kingdom of Great Britain and Northern Ireland
Req. VR-123635
Business Analysis
BCM Industry
15/09/2026
Req. VR-123635
Business Analyst in Vauxhall 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.
