Senior Technical Business Analyst / Product Owner – FRTB & XVA

Senior Technical Business Analyst / Product Owner – FRTB & XVA (Capital Markets)

📍 Location: Canary Wharf, London (Hybrid – 2–3 days onsite per week)

📄 Contract: Fixed Term – 12 Months first 1 year then highly likely to conversion to permanent)

💰 Salary: Open to market level

🏦 End Client: Tier‐1 Investment Bank

🎯 Target Background: Synechron / EPAM / similar Capital Markets consulting firms

Role Overview

We are seeking a Senior Technical Business Analyst / Product Owner with deep, hands‐on ownership of FRTB (Fundamental Review of the Trading Book) programmes, ideally within a Tier‐1 Investment Bank or regulatory transformation initiative.

This role is NOT a generic Capital Markets BA position. The ideal candidate will demonstrate strong FRTB regulatory delivery experience, XVA understanding, and the ability to operate as a product owner–style BA across regulatory, risk, and technology teams.

Key Responsibilities

• Act as a Product Owner / Lead BA for FRTB regulatory deliverables, owning scope from requirement definition to implementation sign‐off
• Partner with Front Office, Market Risk, Finance, Quant, and Technology teams to deliver FRTB‐compliant solutions
• Drive and document end‐to‐end FRTB workflows, including:
• Standardised Approach (SA)
• Internal Models Approach (IMA)
• Risk Factor Eligibility Test (RFET)
• P&L Attribution (PLA)
• Lead requirements for XVA analytics and reporting, covering CVA, DVA, FVA, KVA, and MVA
• Translate regulatory text (Basel / FRTB rules) into functional and technical requirements
• Perform hands‐on data analysis using SQL, Python, and Excel to validate results, reconcile figures, and support UAT
• Work closely with development teams on:
• Data models (relational and NoSQL, including MongoDB)
• Calculation engines and reporting layers
• System integrations across risk, finance, and regulatory platforms
• Own user stories, BRDs, FRDs, acceptance criteria, and process flows
• Support regulatory audits, model validation, and internal governance reviews

Mandatory Skills & Experience (Non‐Negotiable)

• 8+ years overall IT experience, with 5+ years as a Technical Business Analyst / Product Owner
• Proven, hands‐on FRTB delivery experience (must be clearly visible on CV)
• Candidates without explicit FRTB ownership experience will not be considered
• Strong understanding of:
• Basel regulations
• Market Risk frameworks
• Capital calculations
• Deep XVA knowledge, including:
• CVA, DVA, FVA, KVA, MVA
• Advanced SQL (complex queries, validations, reconciliations)
• Practical Python usage for data analysis and validation
• Strong Excel skills for financial analysis and regulatory reporting
• Solid understanding of Capital Markets products (Rates, FX, Equities, Credit)

Technical & Tools Experience

• MongoDB or other NoSQL databases, SQL
• ETL processes and data lineage
• Jira, Confluence
• Exposure to microservices / API‐based architectures (nice to have)

Delivery & Methodology

• Strong Agile / Scrum delivery experience
• Comfortable operating as a Product Owner–style BA
• Proven experience working in regulatory remediation or transformation programmes
• Ability to push back, challenge, and clarify regulatory interpretations

Soft Skills

• Excellent stakeholder management (Front Office to Risk to Regulators)
• High attention to detail with strong numerical accuracy
• Confident communicator in high‐pressure regulatory environments
• Proactive, outcome‐driven mindset