Information:
Job Vacancy Details
Market Risk - Upstream Risk Business Analyst
Financial Services
Central London
Temp ⁄ Market rate.
Updated December 6, 2011
A key elements of the change programme is alignment with the Front Office groups who provide daily sensitivities and P&L used for the core processes of Market Risk such as Value at Risk calculation, sensitivity analysis and Backtesting. A new opportunity has arisen for a Business Analyst to join the Market Risk Change team to work on understanding where upstream systems interface with Market Risk and analyse required changes to them. This role will require the individual to be both inward looking to help deliver new risk to support other projects and also outward looking to assess the impact of upstream changes on Market Risk processes, for example where Front Office systems are planning significant changes which will require change downstream.
The business analysis team sits within the Risk Business Change area of the investment banking arm. This is a hands-on role and requires prior business analysis experience in all areas of Market Risk, especially the requirements for sensitivity data and how these are fulfilled from Front Office systems. The position reports directly to the head of Business Analysis for Market Risk Change.
Specific responsibilities include:
- Understanding sensitivities across asset classes and be able to identify where gaps exist in the current data set
- Interaction with Front Office business and IT functions in order to capture new sensitivities
- Representation of GBM Market Risk in upstream risk working groups
- Specification of new risk feeds into existing systems
- Reconciliation and testing of new risk feeds, liaising with line Market Risk Managers to discuss and agree outputs.
- Conducting and managing the analysis and capture of Market Risk and Regulatory Reporting business requirements
- Liaison with IT to ensure enhancements to the new system are costed and benefits defined so that decisions can be made between solution options
- Analysis and documentation of functional requirements in the form of Functional Specifications for business sign-off, and IT development
- Development of a test strategy and functional and numeric test cases
- Ensure close liaison with Risk IT during development and testing project phases
- Perform functional testing to ensure correct implementation - both functionally and numerically
- Peer review of documents produced by other business analysts
- Analysis of project risks
- Management of requirements change requests
Who we're looking for
Market risk knowledge
• Experience of market risk sensitivities and measurement
• Experience of market risk reporting and processes
• Understanding of how historical VaR is calculated
• Understanding of credit derivative instruments
Business analysis skills
• Demonstrable experience managing requirements for IT systems
• Experience of taking ownership for delivery of a project
• Experience of a structured approach to communication on a project
• Experience in writing system testing plans
People Skills
• Proven experience interacting directly with investment banking end users
• Ability both to communicate business concepts to a technical audience and IT concepts to a business audience
• Proven ability to facilitate communication between business and IT
About our client
A world leading financial services firm.
What's on offer
Market rate.
Michael Page Contact
For further info, apply or phone on 020 7645 1457.
Job Ref: 13125787
Your application will be sent to Jason Taylor.
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