Back to jobs
Quant Risk Business Analyst
Successfully
London, United Kingdom of Great Britain and Northern Ireland
Business Analysis
BCM Industry
04/08/2026
Req. VR-124365
Business Analyst required to support the delivery of Risk Metrics to FraimWrx PFE and adoption. This will be a role within the Business Analyst team servicing Risk technology related projects.
Role is required to enable MUSA to migrate risk systems and credit risk methodology change. The role will sit in technology and be responsible for implementing PFE and intraday/eod credit risk monitoring. Key Tasks will be to ensure the product mapping on FraimWRX and CR is correct for PV and RISK, new product testing with RAG, product maps and heavy involvement in Unit testing and e2e testing.
The BA will provide subject matter expertise and knowledge on Compliance processes and systems and work across complex projects for Compliance stakeholders. Business analysts are typically involved in all phases of the project life cycle, working closely with both the business users and the technology staff facilitating a clear understanding of the solution being delivered. This includes:
Performing requirements gathering and compiling formal Business Requirements & Functional Specification, Target Operating Model and Technical Design Overview documents. Seeking and gaining approvals for any such documentation
Covering all aspects of Business Analyst engagement throughout the Project Development Lifecycle including but not limited to:
Formulating and presenting proposed solutions to the business users
Formulating testing approaches and compiling test plans and test cases
Performing system integration testing and supporting business users with user acceptance testing
Compiling and presenting test results
Completing project/workstream status reports
Ensuring project documents are complete, current, and appropriately stored
Escalating issues/risks to project/line management
Providing subject matter expertise to support TEC initiatives, as required e.g. presenting solutions to other parts of the organisation
General technical awareness of application upgrades, integration & infrastructure dependencies
Promote a dynamic, delivery driven culture that works alongside business units to provide responsive resolutions and value driven solutions.
Comply with relevant security and compliance procedures
Promote the bank values-led culture which is inclusive and diverse.
Build relationships across the bank, establishing a strong peer network and helping to strengthen collaboration
Must have
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
Konwledge 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 woking in these domains.
Experience of working with FraimWRX and/or Murex would be benficial
Ability to liaise with business and IT stakeholders
Solid communication skills
both written and oral Education / Qualifications:
Degree level. Personal Requirements:
Work experience in the Securities Industry, preferably in a similar role
Proactive and self-starting individual with high levels of ownership
Strong analytical skills
Proven ability to organise and prioritise own workload and drive results
The ability to demonstrate strong decision making skills/sound judgements
Proactive and self-starting individual with high levels of ownership
Flexibility to adapt to urgent tasks as well as undertaking longer-term solutions
Strong interpersonal skills together with the ability to influence others and make decisions
Strong problem solving skills with a logical approach
The ability to collaborate and partner across the firm
High attention to detail
Nice to have
prior experience using FraimWRX
Languages
English: A1 Beginner
Seniority
Regular
London, United Kingdom of Great Britain and Northern Ireland
Req. VR-124365
Business Analysis
BCM Industry
04/08/2026
Req. VR-124365
Apply for Quant Risk Business Analyst in London
*Indicates a required field
