Business Analyst - Banking & Risk

Business Analyst - Banking & Risk (BH-119784-1)

Location London, England Sector Consultancy Salary Open to Dsicussion on rate Inside/Outside IR35 | Hybrid

Business Analyst – Banking & Risk | Contract | Hybrid (London)
Location: London (Hybrid)
SDS determination: TBC
Initial contract length:3 Months initial + Extension

We are currently supporting a Global management consultancy who are seeking an experienced Technical Business Analyst to support a critical system migration project within their risk management and regulatory reporting function.

Key Responsibilities:

• Act as the primary Business Analyst for the ingestion of migrated Base Metal trades (Brady to Murex system) into liquidity, credit risk, and market risk regulatory calculators.
• Oversee and validate new file ingestion into these systems.
• Define and implement product mappings, aligning the Murex product booking taxonomy with regulatory system product taxonomies.
• Conduct SIT testing, ensuring all migrated trades are accurately structured and loaded.
• Perform UAT testing to validate key metrics such as exposures, notional values, and cash flows.
• Collaborate with the Regulatory Reporting team to facilitate testing and ensure templates remain accurate post-migration.
• Engage with senior stakeholders, providing updates in working group forums and refining business requirements.

• Strong understanding of the project change lifecycle, including business requirements gathering, technical specifications, and test case execution.
• Proficiency in SQL – ability to query systems (using joins) and read stored procedures to guide MI report changes.
• Solid knowledge of banking products, particularly derivatives and commodities (Base Metals and SFTs are a plus).
• Experience with credit risk and liquidity risk is essential; knowledge of regulatory capital is a bonus.
• Familiarity with collateral and margin processes, including how they align with legal agreements.
• Experience in system migrations (preferred).
• Strong stakeholder management skills, with the ability to engage senior business leaders and technical teams effectively.
• Exposure to business change projects with a technical implementation focus.