Summary: The Risk Business Analyst role at emagine involves working within the Front Office change team to deliver key projects focused on credit and market risk technology. The position requires collaboration with various stakeholders to ensure effective implementation and testing of solutions related to risk monitoring and data migration across banking entities. The ideal candidate will possess strong quantitative skills and experience with advanced risk modeling tools. This role is based in London and requires on-site presence five days a week.

Key Responsibilities:

• Assist with the delivery from a credit risk and market risk technology perspective.
• Document detailed user requirements, validating pricing and simulation models using Markit FRA.
• Mapping Trade and Market data items from trade systems to QUIC 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 to define a solution for 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.
• Develop solid working relationships with many all 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).
• Have a clear understanding of PFE inputs and understand the market and reference data requirements.
• Ability to validate and perform testing and explain differences.

Key Skills:

• Strong quantitative skills and experience with advanced risk modeling tools, particularly in counterparty credit risk and Potential Future Exposure (PFE) calculations.
• Hands-on experience with pricing and risk engines, ideally IHS Markit Financial Risk Analytics (FRA), or comparable vendor or proprietary systems.
• Experience of working with QuIC/FraimWRX and/or Murex would be beneficial.
• 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 Repo and SBL products.
• Knowledge of key Credit risk and market risk topics.
• Ability to liaise with business and IT stakeholders.
• Solid communication skills - both written and oral.

Salary (Rate): 700

City: London

Country: United Kingdom

Working Arrangements: on-site

IR35 Status: inside IR35

Seniority Level: Mid-Level

Industry: IT