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Luxoft

Quant Risk Business Analyst

London
Posted about 19 hours ago
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Project Description:

Business Analyst required to support the delivery of Risk Metrics to FraimWrx PFE and adoption. This will be a role within the Business Analyst team servicing Risk technology related projects.

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.

Responsibilities:

The BA will provide subject matter expertise and knowledge on Compliance processes and systems and work across complex projects for Compliance stakeholders. Business analysts are typically involved in all phases of the project life cycle, working closely with both the business users and the technology staff facilitating a clear understanding of the solution being delivered. This includes:

  • Performing requirements gathering and compiling formal Business Requirements & Functional Specification, Target Operating Model and Technical Design Overview documents. Seeking and gaining approvals for any such documentation
  • Covering all aspects of Business Analyst engagement throughout the Project Development Lifecycle including but not limited to:
    • Formulating and presenting proposed solutions to the business users
    • Formulating testing approaches and compiling test plans and test cases
    • Performing system integration testing and supporting business users with user acceptance testing
    • Compiling and presenting test results
    • Completing project/workstream status reports
    • Ensuring project documents are complete, current, and appropriately stored
    • Escalating issues/risks to project/line management
    • Providing subject matter expertise to support TEC initiatives, as required e.g. presenting solutions to other parts of the organisation
    • General technical awareness of application upgrades, integration & infrastructure dependencies
  • Promote a dynamic, delivery driven culture that works alongside business units to provide responsive resolutions and value driven solutions.
  • Comply with relevant security and compliance procedures
  • Promote the bank values-led culture which is inclusive and diverse.
  • Build relationships across the bank, establishing a strong peer network and helping to strengthen collaboration

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I’m in my final year doing Economics and I don’t know whether to apply for grad schemes now or do a masters first. What do you think?

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Graduate Consultant — 2026 Scheme

PwC·London, UK
£35,000/yr

Why you're a good match

Strong

Your economics background and your summer at a regional bank line up with what PwC looks for on the consulting scheme. Applications close in four weeks.

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Why you're a good match

You’ve got the grades and the economics background, and your bank internship is exactly the experience this scheme looks for. Apply soon — deadlines close within the month.

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Strong

Experience fit

Your summer at the bank plus your econometrics coursework map directly to the day-one responsibilities on this scheme — client modelling, market briefings, and deal support.

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Mandatory Skills Description:

MUST HAVE at least 5 years of experience as a Business Analyst in Quant Risk

Functional / Technical Competencies:

  • THE BANK counterparty credit risk uses an advanced model for PFE so the BA needs to be quantitative and familiar with these advanced tools.
  • THE BANK use a vendor based calculation engine, S&P Global and FraimWRX (formerly known as Quic) and that although prior experience using FraimWRX is desirable similar hands on experience with other vendor or proprietary pricing and risk engines is acceptable.
  • Strong business analysis skills and project lifecycle knowledge
  • Knowledge/experience of gathering business requirements and compiling business requirements documents and functional specifications
  • Ability to define and structure test plans, experience of guiding users through UAT phases
  • Ability and experience of working under pressure - both autonomously and within a team
  • Knowledge of investment banking
  • Strong background in implementing a PFE solution for Interest rate, FX and Credit products.
  • Knowledge of key Credit risk topics. A Minimum of 5 years experience working in these domains.
  • Experience of working with FraimWRX and/or Murex would be beneficial
  • Ability to liaise with business and IT stakeholders
  • Solid communication skills - both written and oral

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Personal Requirements:

  • Work experience 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

Nice-to-Have Skills Description:

  • Prior experience using FraimWRX
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Skills

Quant Risk Analysis
Business Analysis
Counterparty Credit Risk
PFE Implementation
FraimWRX
Murex
Requirements Gathering
User Acceptance Testing
Functional Specifications
Investment Banking
System Integration Testing
Product Mapping
Credit Risk Monitoring
Project Lifecycle Management
Stakeholder Management
Technical Design

Location

London, England, United Kingdom

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