Outside IR35 | Fully Remote + Monthly Travel to Germany
We are looking for an experienced Senior Business Analyst with strong Credit and Market Risk knowledge to support a major Risk Transformation programme within a commodities and refining environment.
The organisation is modernising its current approach to Credit and Market Risk, moving away from heavily customised legacy processes and manual spreadsheet-based calculations, monitoring and reporting towards a dedicated enterprise Risk technology solution.
The successful candidate will sit between Risk, Trading, Business and Technology , helping define the future-state processes, Target Operating Model and requirements for the new Risk platform.
Key Responsibilities
- Lead Business Analysis activities across a Credit and Market Risk transformation programme
- Work with Risk stakeholders to understand existing Credit Risk and Market Risk processes, calculations, controls and workflows
- Document current-state and future-state Risk business processes
- Identify manual processes, control gaps and opportunities for automation
- Support the definition of the future Credit and Market Risk operating model
- Design and document the Target Operating Model (TOM) across people, process, technology, data and governance
- Gather, analyse and document detailed business and functional requirements for the future Risk platform
- Translate Risk business requirements into clear requirements for Technology and implementation teams
- Review existing spreadsheet-based Risk calculations, monitoring and reporting processes
- Support the definition of future Risk calculations, workflows, controls and reporting requirements
- Assess how the future Risk solution will integrate and interact with the existing SAP trading environment
- Support requirements and process definition around areas such as collateral management, Credit Risk monitoring and Market Risk
- Work closely with Risk SMEs, Trading, Technology, Architecture and programme stakeholders
- Support the programme through Definition and into the subsequent implementation / execution phases
- Produce high-quality documentation covering requirements, process maps, workflows, operating models and functional specifications
Essential Skills & Experience
- Strong Business Analysis experience within Credit Risk and/or Market Risk
- Good functional understanding of Credit Risk and Market Risk processes, calculations, controls and workflows
- Proven experience working on Risk Platform / Risk System implementations or transformation programmes
- Strong experience gathering and documenting business and functional requirements for technology implementations
- Excellent Target Operating Model (TOM) design experience
- Strong business process mapping and process re-engineering experience
- Experience documenting current-state and future-state processes
- Ability to understand complex Risk calculations and translate these into business and system requirements
- Experience working across Risk, Business and Technology teams
- Strong understanding of Risk data, reporting, controls and governance
- Excellent documentation and stakeholder management skills
- Ability to operate as the bridge between Risk SMEs and technical implementation teams
Highly Desirable
- Experience within Commodities, Energy Trading, Refining or Physical Trading environments
- Understanding of Credit and Market Risk within physical and financial commodity trading
- Experience of commodity trading / ETRM environments and associated Risk processes
- Experience working with SAP-based trading environments
- Collateral Management process or system experience
- Experience with CubeLogic would be advantageous but is not essential
- Candidates from Investment Banking, Capital Markets or the Buy Side will also be considered where they have strong Credit / Market Risk and Risk technology implementation experience
The Programme
The initial Discovery phase has been completed and the programme is now moving into the Definition phase , where the future Risk processes, requirements, operating model and technology solution will be shaped.
The longer-term programme is expected to move into implementation and execution following this phase, creating strong potential for contract extensions.
Contract Details
- Initial 3-month contract
- Potential for extension into the implementation / execution phases
- Outside IR35
- Fully remote
- Travel to Germany approximately once per month
- Target start date: 1 September
- Commodities / Refining / Trading environment