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Business Analyst (Risk and P&L)

Posted: 07/11/24
Recruiter:Alexander Mann Solutions - Contingency
Reference:2846386719
Type:Contract
Salary:Competitive
Location:London
Description:

We are AMS. We are a global total workforce solutions firm; we enable organisations to thrive in an age of constant change by building, re-shaping, and optimising workforces. Our Contingent Workforce Solutions (CWS) is one of our service offerings; we act as an extension of our clients' recruitment team and provide professional interim and temporary resources.

Our investment banking client has been present in the UK for more than 150 years, they're a long-term partner to British business. Today, the Group is formed of 10 divisions and employs 9,300 staff based in 21 core locations right across the country. Their role is simply stated: help clients achieve their goals by combining local know-how and global reach. In so doing, they seek to make a positive, sustainable contribution to both the UK economy and society.

On behalf of this organisation, AMS are looking for a Business Analyst for an initial 6 month contract based in London with hybrid work available.

Purpose of the Role:

Global Markets (GM) IT Risk and P&L development consists of approximately 400 people spread between London, Paris, New York, India and Asia, developing software to support systems for Risk, P&L and Financial Resources data for Global Markets.

Responsibilities of the role:

As a Business Analyst you will be responsible for:

  • Provide numerical, functional and technical business analysis for IT projects within Risk and P&L.
  • Act as a subject matter expert, taking a leading role where detailed business knowledge is required.
  • Be an active part of the delivery team and use your experience to improve the chance of projects succeeding.
  • Act as a bridge between the development teams, the users and other teams such as Quant Research, Middle Office, Risk Management and APS.
  • Where appropriate, help with implementation by developing in Python and other data specific tools and languages.
  • Act as an ambassador for the Data Services team - communicate clearly and build up strong working relationships within our IT teams and with external teams such as GM Quant Research, Trading and APS.
  • Ensure that you understand the overall IT strategy for Risk and P&L and that you bring solutions that move towards this strategy. Avoid tactical solutions where at all possible.

What we require from the candidate:

  • Business Analysis, including numerical investigations/analysis, technical analysis and functional analysis.
  • In depth understanding in at least 3 of Trading Risk, Risk Sensitivities, Value At Risk (VaR), P&L Explain (Stepped Explain and Risk Explain), Independent Price Verification (IPV), Official P&L, Stress Tests, Valuation Adjustments and Reserves, Market Data.
  • Numerical and functional testing.
  • Communication within IT and to the Business/Quants, Middle Office, Risk and Finance.
  • Functional knowledge of Global Markets products - Proficient in most areas, Expert in at least one (Credit, FX, Rates)
  • Understanding of typical Investment Banking architecture including Trade Booking, Market Data, Risk Generation, Aggregation and Reporting and Risk Management.

Next steps

If you are interested in applying for this position and meet the criteria outlined above, please click the link to apply and we will contact you with an update in due course.

This client will only accept workers operating via an Umbrella or PAYE engagement model.

AMS, a Recruitment Process Outsourcing Company, may in the delivery of some of its services be deemed to operate as an Employment Agency or an Employment Business.

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