Senior Risk Business Analyst

This job has now expired please search on the home page to find live IT Jobs.

Senior Risk Business Analyst - Financial Risk Transformation, Market Risk ScenarioLocation - London Rate - £550 - £700 p/dayStart date - ASAPContract - 6 Months +Our financial services client is currently seeking an experienced Senior Risk Business Analyst to join their team in the London office/remote working for an initial 6-month contract.Primarily, the Senior Business Analyst will be responsible for managing and executing the analysis activity within one or more of the priority programmes. They will support the Requirements Management, Design, Change Management and Implementation Management activities during project delivery. Business Analysts often act as experts across multiple projects and programmes simultaneously, guiding the various teams through the various phases. Alongside project delivery responsibilities, the Business Analyst will work closely with the Project Management Office, Process Consultants and Business Consultants to ensure analyst resources are utilised effectively and resource supply meets the needs of upcoming project demand.The initial assignment for this role will on a Libor Transition Program where the role holder will focus on Global requirements and delivery of the strategic infrastructure and new operating model. This will require the role holder to work on time series data and Market Risk shocks and scenarios for VaR and some Stress Testing.The LIBOR Transition program is a front office funded project and there is global industry-wide consensus to move away from referencing LIBOR rates by the end of 2021 and to adopt a new suite of risk free rate curves (RFRs) and associated products from 2019 to 2021Responsibilities: -Business analysisDevelop the key artefacts required under Agile Framework (including high-level business requirements/EPICs & meaningful JIRA's, solution design, functional and non-functional requirements), to a clear and unambiguous standard, as a solid foundation (Complete Definition of Ready) for implementation by Software Delivery.Promote visibility, understanding and approval of the requirements with all regional stakeholders at all stages of initiation and definition; obtain sign-offsLiaise with Software Delivery (SWD) in the specification, production and subsequent software developmentEnsure that the integrity of the risk systems is maintained by supporting strategic requirementsProject managementSupport the Project Manager to:Run working groups with key stakeholders;Track progress against project planDevelop the test strategyProvide regular status updatesEscalate risks, issues and dependencies impacting the project to the Project ManagerTestingDevelop the test strategy in conjunction with IT and business stakeholdersLiaise with SWD to provide test plans, arrange test environments and testing support.Liaise with users to confirm test cases and acceptance criteria. Ensure suitable UAT test plans are constructed.Perform sanity checks that the requirements are satisfiedEnsure all testing is done in an orderly and efficient way.Ensure signoff is obtained.Stakeholder engagementConstructive engagement with key stakeholders i.e. risk management, risk control, Traded Risk transformation component PMs/ BAs, Software delivery teams, FO Project team, design architects etc.Status reportingProvide periodic status updates regarding project status, test completion status, RAID Log, in the tools and templates selected by the wider SWD and Transformation teamExperience & SkillsetBroad knowledge of asset classes and their implications in terms of market risk. Specifically looking for experience/exposure in IR/FX / EQ and/or Credit asset classes.Very strong understanding of market risk measures used for risk management especially focused on Timeseries and scenario methodologies.Previous experience of the aggregation of very large volumes of market risk measures across multiple dimensionsStrong business analysis experience in Market risk context with exposure to risk factors, timeseries and historical scenariosExposure to market risk reporting platforms and to risk enginesPrevious experience working closely with software deliveryStrong communication skills.Strong interpersonal skill with proven ability of organisational planning, resource mobilization and problem solving.Previous experience working closely across multiple regionsFocused and delivery-driven with ability to meet tight deadlinesAbility to adapt and prioritise appropriately in a fast moving and often evolving environment.Pragmatic decision-making capability.Demonstrated problem solving and analytical abilities including the ability to critically evaluate information gathered from multiple sources, reconcile conflicts, decompose high-level information into details and apply sound business and technical domain knowledgeExcellent interpersonal, verbal and written communication skills are vital for this roleTeam player with good interpersonal and stakeholder management skills.Willingness to dig into details; appetite, enthusiasm and desire to acquire technical and systems knowledge; initiate change and execute strategyIf you are relevant or interested please don't delay, contact me on 0161 503 5522 /