Risk Quant Business Analyst

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First Derivative is driven by people, data, and technology, unlocking the value of insight, hindsight, and foresight to drive organizations forward. Counting many of the world's leading investment banks as clients, we help our clients navigate the data-driven, digital revolution that is transforming the financial services sector. Our global teams span across 15 offices serving clients across EMEA, North America and APAC.

As an EPAM Systems, Inc. (NYSE: EPAM) company, a leading global provider of digital platform engineering and development services, we deliver advanced financial services solutions by empowering operational insights, driving innovation, and enabling more effective risk management in an increasingly data-centric world. Together with EPAM, we combine deep industry expertise with cutting-edge technology to help clients stay ahead in a rapidly evolving financial landscape, offering comprehensive solutions that drive business transformation and sustainable growth.

We are seeking a Risk Quant Business Analyst to support the delivery of advanced credit risk initiatives, focusing on Potential Future Exposure (PFE) solutions within a dynamic banking environment.

This role requires close collaboration with risk quants, technology teams and business stakeholders to ensure robust risk technology implementations and effective project execution.

• Assist with the delivery of the Bank PFE initiative from a risk technology perspective
• Perform technical analysis and design of target infrastructure updates related to PFE implementation for the Bank entity
• Document detailed user requirements and validate pricing and simulation models using Markit FRA
• Map Trade and Market data items from trade systems to Fraim
  
  WRX format
• Collaborate with risk quants to understand how all products map to existing PFE modelled and non-modelled calculation methodologies
• Define solutions for end-of-day and intraday credit risk monitoring for the bank entity in partnership with the business
• Coordinate with technology project management and risk system vendors to define delivery schedules and validate package updates
• Define appropriate testing methodologies and participate in running tests related to new product development with the project team
• Ensure effective partnership with production teams for seamless handover of new processes and controls into the live environment
• Drive solutions to remediate production issues
• Develop strong working relationships across technology risk, risk analytics, market risk management, credit risk management and Front office solutions
• Ensure effective and efficient implementation of projects by working closely with relevant business and technology stakeholders
• Act as a Risk technology SME within the one platform initiative programme

• Minimum of 5 years of experience in credit risk, PFE solutions or related domains
• Knowledge of investment banking and key credit risk topics
• Background in implementing PFE solutions for Interest rate, FX and Loan products
• Skills in business analysis, project lifecycle and compiling business requirements documents and functional specifications
• Proficiency in defining and structuring test plans and guiding users through UAT phases
• Experience with Fraim
  
  WRX and/or Murex or similar vendor or proprietary pricing and risk engines
• Capability to liaise with business and IT stakeholders and communicate effectively both in writing and orally
• Degree level education
• Work experience in the Securities Industry, preferably in a similar role
• Strong analytical, problem solving and decision making skills
• Flexibility to adapt to urgent tasks and undertake longer-term solutions
• High attention to detail and ability to organise and prioritise workload
• Strong interpersonal skills and ability to influence and collaborate across the firm

• Pension
• Employee Assistance Programme
• Enhanced Maternity policy
• Give as You Earn
• Cycle to Work Scheme
• Employee Referral Bonus Scheme
• Diversity Networks
• Access to a range of skills and certifications

• Mid-Senior level

• Full-time

• Information Technology, Research, and Business Development

• Software Development and IT Services and IT Consulting