Quant Risk BA

Description  Main Purpose of the Role:  To support the delivery of Risk Metrics to Fraim Wrx PFE and adoption. This will be a role within the Business Analyst team servicing Risk technology related projects. Business Justification Role is required to enable MUSA to migrate risk systems and credit risk methodology change. The role will sit in technology and be responsible for implementing PFE and intraday/eod credit risk monitoring.

Key Tasks will be to ensure the product mapping on FraimWRX and CR is correct for PV and RISK, new product testing with RAG, product maps and heavy involvement in Unit testing and e2e testing.

Key Responsibilities:

Assist with the delivery of the Risk migration initiative from a risk technology perspective.  Perform technical analysis and updates related to PFE implementation.  Documenting detailed user requirements, validating pricing and simulation models using Markit FRA.  Mapping Trade and Market data items from trade systems to FraimWRX 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 for eod/intraday 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  Drive forward solutions to remediate production issues  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) Skills and Exp:
Functional / Technical

Competencies:

MUFG counter party credit risk uses an advanced model for PFE so the BA needs to be quantitative and familiar with these advanced tools.  MUFG use a vendor based calculation engine, S&P Global and FraimWRX (formerly known as Quic) and that although prior Exp with other vendor or proprietary pricing and risk engines is acceptable .  Strong business analysis skills and project lifecycle knowledge  Knowledge/Exp of gathering business requirements and compiling business requirements documents and functional specifications  Ability to define and structure test plans, Exp of guiding users through UAT phases  Ability and Exp of working under pressure - both autonomously and within a team  Knowledge of investment banking  Strong exp in implementing a PFE solution for Interest rate, FX and Credit products.  

Knowledge of key Credit risk topics. A Minimum of 5 years exp working in these domains.  Exp of working with FraimWRX and/or Murex would be benficial  Ability to liaise with business and IT stakeholders  Solid communication skills - both written and oral Education /

Qualifications:

Degree level. Personal Requirements:  Work Exp in the Securities Industry, preferably in a similar role  Proactive and self-starting individual with high levels of ownership  Strong analytical skills  Proven ability to organise and prioritise own workload and drive results  The ability to demonstrate strong decision making skills/sound judgements  Proactive and self-starting individual with high levels of ownership  Flexibility to adapt to urgent tasks as well as undertaking longer-term solutions  Strong interpersonal skills together with the ability to influence others and make decisions  Strong problem solving skills with a logical approach  The ability to collaborate and partner across the firm  High attention to detail  Skills
PFE
credit risk

Job Title:

Quant Risk BA

Location:

London, UK
Rate/Salary:  550.00 - 650.00 GBP Daily
Job Type:  Contract
Trading as TEKsystems. Allegis Group Limited, Maxis 2, Western Road, Bracknell, RG12 1RT
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