Business Analyst

Job Title: Business Analyst

Job Location: London, UK

Job type: 6 Months

Job Description:

We are looking for a Business Analyst with strong experience in Market Risk or Counterparty Credit Risk (CCR) , supporting large-scale technology change and transformation programs within investment banking. The role requires a blend of functional risk knowledge, data analysis and technical understanding (including Python) .

Key Responsibilities

• Work on risk transformation programs (Market Risk / CCR / FRTB) across technology and business teams

• Gather and document business and functional requirements for risk systems and reporting

• Translate requirements into detailed functional specifications and data mappings

• Perform data analysis and validation using SQL / Python for risk and trade datasets

• Support implementation of regulatory changes (e.g., FRTB) across systems and processes

• Collaborate with technology teams, quants and stakeholders to drive delivery

• Participate in UAT, testing and validation of risk calculations and outputs

• Ensure alignment across front office, risk and IT systems

Must-Have Skills

• Strong experience as a Business Analyst in Capital Markets / Investment Banking

Strong exposure to: Market Risk or CCR

FRTB or regulatory risk frameworks

Strong data analysis skills (SQL mandatory)

Working knowledge of Python for data analysis / validation

Experience in large-scale tech change / transformation programs

Strong requirement gathering, documentation and stakeholder management skills

Domain Experience (Critical)

• Hands-on experience in: Market Risk (VaR, sensitivities, stress testing) OR

• CCR (exposure calculation, derivatives, counterparty risk)

• Understanding of: Trade lifecycle and risk data flows

• Financial products: ▪ Derivatives (swaps, options, futures), bonds

Good-to-Have

• Experience working with risk systems / platforms

• Exposure to data lineage, reconciliation and controls

• Experience working with quants / model teams

• Familiarity with Agile delivery models

• Basic understanding of data architecture or APIs

Experience

• ~7–12 years (depending on depth of domain + program exposure)

Note: Candidates must have worked on regulatory or large-scale risk transformation programs (not BAU reporting roles)

Regards,

Rachana

rachana@falconsmartit.com