Description
An opportunity has arisen for an experienced Quantative Business Analyst to join a highly reputable Investment Bank on Canary Wharf. (Contract)
Job Description:
This is a Business Analyst role (BA) with a quantitative focus. The BA will be responsible for management of data acquisition projects driven by PRA (Prudential Regulatory Authority) requirements for the Equity Business.
The BA will work closely with Quant Analysts to translate their data model requirements into specifications for FO and Risk Technology and manage the implementation of changes across all systems (including Risk and Basel).
Job Background/Context:
The Global Risk Integration Team is part of the Risk Systems Exposure Management team in Franchise Risk Architecture. The team plays a key role in the implementation of projects that will have an impact on global Market and Credit Risk data flow/reporting.
Key Responsibilities:
- Coordinate project activities in relation to Equities initiatives driven by regulatory requirements
- Work closely with internal audit and regulatory groups to ensure project tasks assigned to GRIT meet their approval requirements
- Drive and participate in data analysis for the equity portfolio (involving complex & structured transactions) with business, quants (eg Risk Analytics) and Risk Management to define the appropriate approach for system and data changes to satisfy internal risk reporting and Basel requirements.
- Complete Test/Business Requirements Documents (BRD), obtaining approval from key stakeholders
- Complete, maintain and review project plans
- Create User Acceptance Test (UAT) plans, perform tests and coordinate UAT tasks
- Obtain approvals for test results from the business owners and key stakeholders
- Moderate project status meetings and provide regular updates to Senior Management and Stakeholders
- Demonstrate strong awareness of the group's processes and procedures
Development Value:
An opportunity to work with company's enterprise Credit Risk systems. The position provides exposure to Front Office Technology, Risk Management & Risk Analytics.
Knowledge/Experience:
- 1-5 years in a quantitative role in financial/consulting services with good understanding of derivatives' risk/modelling/pricing
- Must have product knowledge in a wide range of derivative structures in Equities (asset class)
- Knowledge of market & credit risk management techniques/frameworks is desirable
- Ability to interact at senior management level across Risk Management, FO Technology and Risk Reporting
- An understanding of how capital regulations impact risk is desirable
Skills:
- Strong Business Analyst skills
- IT skills: Excel (advanced), Oracle (SQL), GUI
- Sound judgement and decision making skills
- Project Management skills would be an advantage
Qualifications:
- Masters or PhD in a quantitative discipline
- Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.
Competencies:
- Good communication skills are essential as the position requires quantifying risks and explaining them in a quick decision making environment
- Ability to lead discussions on structured products' credit exposure/credit risk confidently with a range of different teams (eg desk quants, risk analytics, credit officers).
- Eagerness & ability to grasp the complexity of structured derivatives quickly.