FRTB Senior Business Analyst

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FRTB Senior Business Analyst - London FRTB Senior Business Analyst - London The location of this role is in London The duration of the contract is 3-6 months The pay rate on offer is up to £550 per day, PAYE only This role is working for a British multinational banking and financial services organisation. Overview:The Fundamental Review of the Trading Book (FRTB) is a key strategic programme to ensure the client meets the regulatory requirements stipulated by FRTB. The programme covers impacts on Markets front office, Traded Risk, Product Control and interacts with the transformation as well as run the bank teams in these areas. Responsibilities:The Senior Business Analyst would work within the FRTB programme team and be responsible for taking the lead on analysis of significant aspects of the transformation required to support FRTB.The Programme team is responsible for ensuring end-to-end requirements for FRTB are identified and that comprehensive programmes are in place to meet these requirements. The programme is structured around FRTB outcomes, and the role would take the lead on streams delivering substantial parts of the Internal Model or Standardised Approach calculation capabilities.The Senior BA will engage with all parts of the Group responsible for meeting requirements for the new Trading Book Banking Book Boundary rules. Working with Front Office, Traded Risk, Finance and Regulatory Policy, this role would undertake a gap analysis of current state of desk structure and policies around trading book/banking book boundary, controls and procedures currently implemented, and identify the areas that require change. The role would be responsible for agreeing the scope and priorities for these changes, and then help execute the changes required to set up new desks and ensure any updated policies and procedures are implemented in time for the regulatory go-live dates. Ideal Candidate:Experience in a large-scale Front Office and/or Market Risk transformational programme - preferably a large regulatory programmeEngagement with stakeholders across Front Office trading and quants; Risk; Technology and Capital Management functionsUnderstanding of how trading and risk management activities are organised into formal units, and the rules/standards around theseBusiness analysis in FRTB in a large investment bank would be desirableUnderstanding of regulation related to Trading and Banking Book boundary and assignment of positions, along with the data and controls requirement of this aspectExperience in multiple multi-entity complex transformational programmesInteraction with stakeholders across multiple geographiesKnowledge of traded products, market risk methodologies, trading systems, risk management and control processesExcellent written and spoken communication skillsAbility to work on multiple streams of activities concurrently