emagine
Quant Risk BA / PFE
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Business Analyst – Risk Technology (PFE)
London
x4 Days on-site
£600-£650
emagine is a high-end professional services consultancy and solutions firm. Specialising in providing business and technology services to the financial services sector, we power progress, solve challenges and deliver real results through tailored high-end consulting services and solutions.
We have created a culture of openness and integrity by building genuine and strong relationships and partnerships, enabling us to be uncompromising in our dedication in delivering the optimal service for our clients. Our commitment is not just towards our clients but we aim to foster a positive and equitable working environment with our consultants and colleagues which stems from our core values: Confident, Dedicated, Responsible, Genuine.
We are currently looking for a Quantitative Business Analyst to support the delivery and adoption of a Potential Future Exposure (PFE) initiative.
This role is critical for meeting regulatory requirements (e.g., PRA/ECB) and ensuring consistent and robust credit risk methodologies across the organisation.
This role will be responsible for supporting the implementation of PFE and intraday/end-of-day credit risk monitoring, with a strong emphasis on quantitative analysis and validation.
The role will require engagement with risk quants, validation of pricing and simulation models, mapping of complex products, and involvement in rigorous testing of risk models and systems.
The Role:
- Act as a Quantitative BA within the PFE programme, bridging the gap between risk quants, technology, and business stakeholders.
- Perform detailed quantitative and technical analysis of PFE methodologies and infrastructure design.
- Document and validate user requirements with a focus on credit exposure modelling and risk factor behaviour.
- Support validation of pricing models, simulation engines, and PFE calculations using vendor or in-house tools.
- Map complex products (Credit products, FX, Loans,) into PFE model frameworks, ensuring consistency across modelled and non-modelled approaches.
- Collaborate with risk quants to understand methodology design and communicate requirements to development teams.
- Define and execute structured testing methodologies, including quantitative validation, regression testing, and end-to-end model testing.
- Partner with production teams to ensure smooth deployment of new quantitative risk processes and controls.
- Provide subject matter expertise in quantitative risk technology to resolve production issues and influence future platform enhancements.
- Build strong working relationships across risk analytics, model validation, market and credit risk management, technology, and front office teams.
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Key Skills and Experience:
To succeed in this role you will need:
- Hands-on experience with counterparty credit risk and advanced PFE methodologies.
- Familiarity with stochastic simulation, exposure profiles, and risk factor modelling.
- Practical experience working with vendor or proprietary pricing and risk engines (e.g., FraimWRX, Murex, or similar).
- Knowledge of investment banking products and their quantitative characteristics (Interest Rate derivatives, FX, Loans).
- Strong business analysis skills, including requirements gathering, functional specifications, and test planning.
- Demonstrated ability to validate and interpret quantitative model outputs, liaising effectively with risk quants.
- Minimum 5 years’ experience in risk technology, credit risk, or quantitative business analysis roles.
- Excellent communication skills, with the ability to explain quantitative concepts to non-quant stakeholders. Previous work experience in investment banking or the securities industry, ideally in a quantitative BA or risk technology role.
- Proactive, self-starting, and detail-oriented with strong ownership of deliverables.
- Strong analytical, problem-solving, and decision-making skills.
- Ability to manage workload across multiple priorities, balancing urgent tasks with long-term projects.
- Strong interpersonal and influencing skills, with the ability to partner across technical and business teams.
- High attention to detail and accuracy, particularly in quantitative analysis and testing.
Our People
The ideal consultants will share our values and be aligned with our ways of working and as your career progresses, you can expect to work across all areas of the project lifecycle, from strategy to implementation. This will provide you with a broad base of experience from which to build an outstanding career.
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We pride ourselves on:
- Providing our people with a supportive culture, rooted in our values and driven by our purpose.
- Promoting a culture of inclusion, collaboration, well-being, and learning and development.
- Providing increased agility and flexibility within our hybrid working model.
- Investing in employees’ growth through ongoing training and development.
- Autonomy to take ownership of projects, making decisions and demonstrating individual expertise.
- Providing a transparent performance and career management experience.
Our consultants are integral to delivering successful consulting engagements, addressing our clients’ most pressing business challenges, and building lasting value in disciplines such as:
- Solve sophisticated, ambiguous business, change, and technology problems, bringing structure and meticulous analysis and planning, acting, and taking decisions with little strategic direction.
- Build, develop, and sustain trusted senior client relationships in the C-suite by remaining highly attuned to client needs.
- Drive, enable, and support the business, partnering with our leaders, clients, and consultants across our practices to take the best of emagine to our clients through opportunity identification/qualification, solution development/presentation.
Interested?
At emagine, we are committed to building an international and diverse team by embracing our different backgrounds.
If you are up to the challenge and would like to find out more, get in touch with us immediately, our internal recruitment team is always keen to hear from dynamic individuals that are looking to further their career and explore their full potential.
“emagine is an equal opportunity employer, and employment practices are based strictly on merit. It is the policy of the Company to give equal opportunity in employment regardless of sex, sexual orientation, marital status, race, age, disability, gender reassignment, pregnancy and maternity, religion or ethnic origin”
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