At a Glance
- Tasks: Support risk technology projects and deliver key risk metrics.
- Company: Join a leading financial services firm with a focus on innovation.
- Benefits: Competitive daily rate, flexible working environment, and opportunities for professional growth.
- Other info: Collaborative team culture with excellent networking opportunities.
- Why this job: Make an impact in risk management while working with advanced technologies.
- Qualifications: 5+ years in credit risk and strong analytical skills required.
The predicted salary is between 55000 - 65000 £ per year.
Main Purpose of the Role: To support the delivery of Risk Metrics to FraimWrx PFE and adoption. This will be a role within the Business Analyst team servicing Risk technology related projects.
Business Justification: Role is required to enable MUSA to migrate risk systems and credit risk methodology change. The role will sit in technology and be responsible for implementing PFE and intraday/eod credit risk monitoring.
Key Responsibilities:
- Assist with the delivery of the Risk migration initiative from a risk technology perspective.
- Perform technical analysis and updates related to PFE implementation.
- Document detailed user requirements, validating pricing and simulation models using Markit FRA.
- Mapping Trade and Market data items from trade systems to FraimWRX format.
- Work closely with risk quants to understand functionally how all products will map to existing PFE modelled/non-modelled calculation methodologies.
- Working closely with business for eod/intraday credit risk monitoring.
- Work closely with the technology project management and risk system vendors to define delivery schedules and validate package updates.
- Work with the project team to define appropriate testing methodologies and be involved running tests related to new product development.
- Ensure effective partnership with the production teams to ensure effective handover of new processes and controls into the live environment.
- Drive forward solutions to remediate production issues.
- Develop solid working relationships with many areas of the firm but especially technology risk, risk analytics group, market risk management, credit risk management and Front office solutions.
- Work closely with relevant business and technology stakeholders to ensure effective and efficient implementation of the project(s).
Skills and Experience:
- MUFG counterparty credit risk uses an advanced model for PFE so the BA needs to be quantitative and familiar with these advanced tools.
- Strong business analysis skills and project lifecycle knowledge.
- Knowledge/Experience of gathering business requirements and compiling business requirements documents and functional specifications.
- Ability to define and structure test plans, experience of guiding users through UAT phases.
- Ability and experience of working under pressure - both autonomously and within a team.
- Knowledge of investment banking.
- Strong experience in implementing a PFE solution for Interest rate, FX and Credit products.
- Knowledge of key Credit risk topics.
- A minimum of 5 years experience working in these domains.
- Experience of working with FraimWRX and/or Murex would be beneficial.
- Solid communication skills - both written and oral.
Education / Qualifications: Degree level.
Personal Requirements:
- Work experience in the Securities Industry, preferably in a similar role.
- Proactive and self-starting individual with high levels of ownership.
- Strong analytical skills.
- Proven ability to organise and prioritise own workload and drive results.
- The ability to demonstrate strong decision making skills/sound judgements.
- Flexibility to adapt to urgent tasks as well as undertaking longer-term solutions.
- Strong interpersonal skills together with the ability to influence others and make decisions.
- Strong problem solving skills with a logical approach.
- The ability to collaborate and partner across the firm.
- High attention to detail.
Quant Risk BA employer: Teksystems
As an Azure Solution Architect with us, you'll thrive in a dynamic work culture that prioritises innovation and collaboration. We offer competitive benefits, including professional development opportunities to enhance your skills in cloud technologies, all while working in a vibrant location that fosters creativity and teamwork. Join us to be part of a forward-thinking company that values your contributions and supports your career growth.
StudySmarter Expert Advice🤫
We think this is how you could land Quant Risk BA
✨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 Teksystems.
✨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 Teksystems 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 Quant Risk BA
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 Teksystems 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 Teksystems. 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 Teksystems confidence in your short-term commitment to the role.
How to prepare for a job interview at Teksystems
✨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 Teksystems.
✨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 Teksystems 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.
