Business Analyst

Business Analyst

Posted 4 days ago by Ampstek

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Negotiable
Inside
Hybrid
London Area, United Kingdom
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Agile Methodology Banking Bank Reconciliations Capital Markets Credit Risk Data Analysis Data Architecture Debits And Credits Derivatives Front Office Investment Banking Investments Management Market Risk Python (Programming Language) Reconciliation Requirements Elicitation SQL (Programming Language) Stakeholder Management User Acceptance Testing (UAT) Verification And Validation

Summary: The Business Analyst role focuses on supporting large-scale technology change and transformation programs within investment banking, specifically in Market Risk or Counterparty Credit Risk (CCR). The position requires a combination of functional risk knowledge, data analysis, and technical skills, including proficiency in Python. The analyst will work closely with technology teams and stakeholders to ensure effective delivery and compliance with regulatory changes. This is a contract position classified as inside IR35, based in London with a hybrid working arrangement.

Key Responsibilities:

  • Work on risk transformation programs (Market Risk / CCR / FRTB) across technology and business teams
  • Gather and document business and functional requirements for risk systems and reporting
  • Translate requirements into detailed functional specifications and data mappings
  • Perform data analysis and validation using SQL / Python for risk and trade datasets
  • Support implementation of regulatory changes (e.g., FRTB) across systems and processes
  • Collaborate with technology teams, quants and stakeholders to drive delivery
  • Participate in UAT, testing and validation of risk calculations and outputs
  • Ensure alignment across front office, risk and IT systems

Key Skills:

  • Strong experience as a Business Analyst in Capital Markets / Investment Banking
  • Strong exposure to Market Risk or CCR and FRTB or regulatory risk frameworks
  • Strong data analysis skills (SQL mandatory)
  • Working knowledge of Python for data analysis / validation
  • Experience in large-scale tech change / transformation programs
  • Strong requirement gathering, documentation and stakeholder management skills
  • Hands-on experience in Market Risk (VaR, sensitivities, stress testing) or CCR (exposure calculation, derivatives, counterparty risk)
  • Understanding of trade lifecycle and risk data flows
  • Familiarity with financial products: Derivatives (swaps, options, futures), bonds

Salary (Rate): undetermined

City: London

Country: United Kingdom

Working Arrangements: hybrid

IR35 Status: inside IR35

Seniority Level: undetermined

Industry: Other

Detailed Description From Employer:

Role: Business Analyst

Location: London,UK (Hybrid weekly 3 days onsite)

Type of Hiring : Contract Inside IR35

We are looking for a Business Analyst with strong experience in Market Risk or Counterparty Credit Risk (CCR) , supporting large-scale technology change and transformation programs within investment banking. The role requires a blend of functional risk knowledge, data analysis and technical understanding (including Python).

  • Key Responsibilities
  • Work on risk transformation programs (Market Risk / CCR / FRTB) across technology and business teams
  • Gather and document business and functional requirements for risk systems and reporting
  • Translate requirements into detailed functional specifications and data mappings
  • Perform data analysis and validation using SQL / Python for risk and trade datasets
  • Support implementation of regulatory changes (e.g., FRTB) across systems and processes
  • Collaborate with technology teams, quants and stakeholders to drive delivery
  • Participate in UAT, testing and validation of risk calculations and outputs
  • Ensure alignment across front office, risk and IT systems
  • Must-Have Skills
  • Strong experience as a Business Analyst in Capital Markets / Investment Banking
  • Strong exposure to: Market Risk or CCR FRTB or regulatory risk frameworks
  • Strong data analysis skills (SQL mandatory)
  • Working knowledge of Python for data analysis / validation
  • Experience in large-scale tech change / transformation programs
  • Strong requirement gathering, documentation and stakeholder management skills
  • Domain Experience (Critical)
  • Hands-on experience in: Market Risk (VaR, sensitivities, stress testing) OR
  • CCR (exposure calculation, derivatives, counterparty risk)
  • Understanding of: Trade lifecycle and risk data flows
  • Financial products: Derivatives (swaps, options, futures), bonds
  • Good-to-Have
  • Experience working with risk systems / platforms
  • Exposure to data lineage, reconciliation and controls
  • Experience working with quants / model teams
  • Familiarity with Agile delivery models
  • Basic understanding of data architecture or APIs

Experience

~7–12 years (depending on depth of domain + program exposure)

Note: Candidates must have worked on regulatory or large-scale risk transformation programs (not BAU reporting roles)

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