Quant Risk Migration & PFE Analyst

Luxoft; Greater London; On-site; GBP 90,000 - 130,000; Full time

Job summary

Luxoft in London seeks a Senior Business Analyst to support risk technology projects, focusing on PFE implementation, intraday/eod credit risk monitoring, and risk data mapping to FraimWRX.

The role requires 5+ years in quantitative risk analysis, strong BA skills, and experience with risk engines such as FraimWRX or Murex. You will work across risk teams and production to ensure proper handover and testing.

Qualifications

• 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

Responsibilities

• Assist with the delivery of the Risk miigration initiative from a risk technology perspective.
• Perform technical analysis and updates related to PFE implementation.
• Documenting detailed user requirements, validating pricing and simulation models using Markit FRA.
• Mapping Trade and Market data items from trade systems to FraimWRX format.
• Work closely with risk quants to understand functionaly how all products will map to existing PFE modelled/non-modelled calculation methodologies.
• Working closely with business for eod/intraday credit risk monitoring.
• Work closely with the technology project management and risk system vendors to define delivery schedules and validate package updates.
• Work with the project team to define appropriate testing methodologies and be involved running tests related to new product development.
• Ensure effective partnership with the production teams to ensure effective handover of new processes and controls into the live environment
• Drive forward solutions to remediate production issues
• Develop solid working relationships with many all areas of the firm but especially technology risk, risk analytics group, market risk management, credit risk management and Front office solutions.
• Work closely with relevant business and technology stakeholders to ensure effective and efficient implementation of the project(s)

Skills

Quantitative risk

Business analysis

Requirements gathering

Testing (UAT)

Education

Bachelor's degree in Finance/ Economics/ Mathematics

Tools

FraimWRX

Murex

Markit FRA

Job description

Luxoft in London seeks a Senior Business Analyst to support risk technology projects, focusing on PFE implementation, intraday/eod credit risk monitoring, and risk data mapping to FraimWRX.

The role requires 5+ years in quantitative risk analysis, strong BA skills, and experience with risk engines such as FraimWRX or Murex. You will work across risk teams and production to ensure proper handover and testing.