Bonhill Partners
Technical Business Analyst – Counterparty Credit Risk (PFE)
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Technical Business Analyst – Counterparty Credit Risk (PFE)
Day Rate: £600–£700 per day (Inside IR35)
Contract: 6-month rolling contract
Location: London
Working Pattern: 4 days per week in the office
We’re supporting a leading global investment bank in the search for an experienced Technical Business Analyst to join a major risk transformation programme. This is an exciting opportunity to work on the delivery of strategic Counterparty Credit Risk (CCR) initiatives, with a focus on Potential Future Exposure (PFE) implementation within a complex front-office and risk technology environment.
The Opportunity
You’ll play a key role in delivering a strategic risk migration programme, supporting the implementation of a strategic risk calculation platform and PFE capabilities. Working across Risk Technology, Quantitative Analytics, Front Office and Credit Risk teams, you will act as the bridge between business and technology, translating complex quantitative risk requirements into scalable technology solutions.
This role is suited to a technically strong Business Analyst with experience across Counterparty Credit Risk, quantitative risk methodologies and risk technology implementations within an investment banking environment.
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Key Responsibilities
- Support the delivery of a strategic risk migration programme from a Risk Technology perspective.
- Perform business and technical analysis to support the implementation of PFE models, risk metrics and calculation capabilities.
- Gather, document and validate detailed business, functional and technical requirements.
- Translate complex quantitative risk requirements into clear technology specifications.
- Map trade and market data into the strategic risk platform.
- Work closely with Quant teams to understand, challenge and validate PFE calculation methodologies across Interest Rate, FX and Credit products.
- Partner with Credit Risk stakeholders to support end-of-day and intraday risk monitoring capabilities.
- Collaborate with technology teams, project managers and third-party vendors to deliver project milestones.
- Define and execute testing strategies, including unit, integration and end-to-end testing.
- Investigate and resolve production issues while driving long-term improvements.
- Build strong relationships across Technology, Risk Analytics, Credit Risk, Market Risk and Front Office teams.
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Required Experience
- Extensive Business Analyst experience delivering technology-led risk transformation initiatives within an investment banking environment.
- Strong understanding of Counterparty Credit Risk (CCR) and Potential Future Exposure (PFE).
- Experience implementing PFE solutions across Interest Rate, FX and Credit products.
- Knowledge of pricing models, simulations and quantitative risk methodologies.
- Experience working with risk calculation platforms, pricing engines or quantitative technology solutions.
- Proven experience gathering business requirements and producing detailed functional specifications.
- Strong experience supporting UAT, integration and end-to-end testing.
- Excellent stakeholder management skills across both business and technology teams.
- Strong analytical, communication and problem-solving skills.
- Minimum 5 years’ experience working within Credit Risk, Quantitative Risk or Risk Technology.
Desirable
- Experience with FraimWRX (formerly QuIC).
- Experience with Murex or other strategic pricing/risk engines.
- Experience working with vendor-based risk calculation platforms.
- Degree educated in a relevant discipline.
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