Business Analyst

Project description

The objective of the FI26 PRA Basel 3.1 Implementation project is to ensure that the bank is compliant with PRA Basel 3.1 regulation by the date the regulation comes into force (i.e. 1st January 2027). The project will implement Full BA-CVA so that the calculation will recognize hedges to a degree. The project will review and, where necessary, implement all required components (dataset, hot fixes, batches, etc) in the vendor's regulatory solution to calculate and report BA-CVA capital for in-scope transactions and counterparties according to Bank of England rules. The Business Analyst (BA) will play a key role in analysing, documenting and verifying as well as testing the BA-CVA calculations provided in a third-party vendor product being implemented at the bank. The BA will work closely with Finance, Credit risk and IT teams to ensure full verification and testing ahead of implementation.

Responsibilities

• The role holder will be responsible for the following:
• Analyse and validate the BA-CVA calculations from the third-party vendor product
• Document findings, processes and workflows where applicable
• Gather, analyse, and document business requirements related to SA-CCR, CCR, and regulatory capital calculations.
• Engage stakeholders for review, input and where applicable sign off
• Collaborate with technical team to document and test the third-party vendor product BA-CVA calculations
• Support E2E (end to end) testing UAT to validate BA-CVA calculations
• Liaise with vendor where applicable Tasks as a Business Analyst could also include:
• Performing requirements gathering and compiling formal Business Requirements and Functional Specification documents.
• Covering all aspects of Business Analyst engagement throughout the Project Development lifecycle including but not limited to: o Formulating and presenting proposed solutions to the business users. This may incorporate illustrative calculations using production data. o Formulating testing approaches and compiling test plans and test cases. Performing system/integration testing and supporting business users with user acceptance testing. o Compiling and presenting test results. o Completing project/work-stream status reports. o Escalating issues/risks to project/line management.

SKILLS

Must have

• MUST BE: Able to conduct Independent verification and E2E test of Basic Approach CVA calculations. MUST HAVE:
• Ideally 5+ years of experience supporting financial institution(s) working as a Business Analyst on Credit Valuation Adjustment / Credit Risk projects.
• Strong understanding of SA-CCR regulations and methodologies.
• Knowledge of Credit Valuations Adjustment calculations
• Ability to analyse and interpret CVA calculations
• Experience of working alongside vendors in delivering integrated solutions
• Demonstrable experience in all areas of responsibility stated above. Functional / Technical Competencies:
• Solid communication and analytical skills - both written and oral
• Business analysis experience working for a top tier bank or consultancy.
• Thorough understanding of the project lifecycle and experience of compiling scope, requirements and testing documents.
• An understanding of Technology and software development lifecycles
• Knowledge of Derivatives products
• Knowledge and experience of Regulatory projects, including regulatory reporting
• Good network building and relationship forming skills with stakeholders
• Ability to work as part of a team as well as independently, including in direct relation with Senior Management
• Proficient with core Microsoft desktop software Education / Qualifications:
• Degree educated and / or equivalent experience.

Nice to have

• Prior experience working with Moody’s Risk Authority (RAY) is preferred but not essential.