Market & Liquidity Risk Business Analyst

Position: Market & Liquidity Risk Business Analyst
Market & Liquidity Risk Business Analyst

London/Hybrid

Contract to end March 2027

Day rate from £700 DOE via Umbrella Company

Our commitment is to provide equal opportunity regardless of, for example, your gender, age, ethnicity, disability, sexual orientation or beliefs. We also engage with employers to develop programmes and pathways that embrace diverse talent and promote more inclusive employment worldwide through partnerships and other initiatives. We recognise and celebrate the value of difference and how it makes us faster, smarter and more innovative than our competition.

My client is one of the largest financial institutions headquartered in Japan, with an established presence across all consumer and corporate banking businesses. Through its subsidiaries and affiliates, they offer a diverse range of financial services, including commercial banking, leasing, securities, credit card, consumer finance and other services.

They are looking for an experienced Market Risk and Liquidity Business Analyst to join their team on a contract to the end of March 2027 with the potential to extend. You will be working Monday to Friday, standard office hours with the occasional out of hours requirement in line with business needs. The role is hybrid, requiring attendance in the London office three days per week, with increased office presence likely during onboarding and stakeholder engagement activities.

The successful candidate will support a range of Market Risk and Liquidity Risk initiatives within a global investment banking environment. The role involves partnering closely with Risk, Treasury, Finance, Front Office and Technology teams to deliver regulatory, strategic and system change programmes, while helping to navigate a complex and evolving operating model.

Key Responsibilities

Gather, analyse and document business requirements.
Facilitate workshops and requirements gathering sessions with Market Risk, Liquidity Risk, Treasury, Front Office, Finance and Technology stakeholders.
Act as the primary liaison between business and technology teams, ensuring clear communication and alignment on project objectives.
Produce functional specifications, business process flows, data mappings, user stories and solution documentation.
Support solution design, implementation, business adoption and change management activities.
Perform impact assessments across risk systems, business processes, operating models and data flows.
Conduct detailed data analysis across risk systems and reporting platforms to support regulatory and strategic initiatives.
Support testing activities including test planning, test execution, defect management, UAT coordination and validation of business outcomes.
Perform quality assurance and cursory reviews of requirements and solutions prior to formal testing cycles.
Support regulatory and risk transformation projects across Market Risk and Liquidity Risk functions.
Build and maintain strong relationships with key stakeholders across Front Office, Risk, Treasury, Finance and Technology, ensuring successful project delivery and business engagement.

Required Market & Liquidity Risk Knowledge

Market Risk:
VaR, Expected Shortfall, Stress Testing, FRTB, P&L Attribution, Risk Sensitivities (DV01, CS01, Vega). Understanding of market risk methodologies, hierarchies and risk reporting frameworks.
Liquidity Risk: LCR, NSFR, ILAAP, Liquidity Stress Testing, Funding and Treasury Risk.

Additional Domain Knowledge

Strong understanding of how Market Risk, Treasury, Finance and Front Office functions interact within an investment banking environment.
Understanding of regulatory risk reporting and risk governance frameworks.
Appreciation of complex and non-standard operating models commonly found within global banking organisations.

Essential Skills & Experience

Significant Business Analysis experience within Investment Banking or Capital Markets.
VP-level capability with ideally 10-15 years' experience delivering business and technology change initiatives.
Strong Market Risk and/or Liquidity Risk domain knowledge.
Proven experience delivering regulatory, risk management or risk technology change programmes.
Strong understanding of risk technology functions, system implementations and application delivery life cycles.
Ability to work effectively with senior business stakeholders and technology teams.
Exceptional stakeholder management and relationship-building skills. This is a critical component of the role.
Strong data analysis, documentation and requirements management skills.
Ability to assess system capabilities and define realistic, pragmatic solutions.

Experience with Agile delivery methodologies.
Strong communication skills with the ability to operate confidently across Front Office, Risk, Treasury, Finance and Technology functions.

Technical Skills

Preferred Experience With

SQL
Python
Power BI
Excel
JIRA / Confluence
Risk platforms such as Murex, Active Viam, Calypso, Axiom, OneSumX or similar

Candidates must show evidence of the above in…