Risk Business Analyst- Commodities Trading
London- x3 Days on-site
£650 – £750
emagine is a high-end professional services consultancy and solutions firm Specialising in providing business and technology services to the financial services sector, we power progress, solve challenges and deliver real results through tailored high-end consulting services and solutions.
We have created a culture of openness and integrity by building genuine and strong relationships and partnerships, enabling us to be uncompromising in our dedication in delivering the optimal service for our clients. Our commitment is not just towards our clients but we aim to foster a positive and equitable working environment with our consultants and colleagues which stems from our core values: Confident, Dedicated, Responsible, Genuine.
We are currently looking for dynamic individuals to join our Strategy, Change and Transformation Practice as Project Managers and Business Analysts, allocated to a multi-disciplinary squad delivering a range of Front Office change projects.
We are looking for a highly skilled and hands-on Business Analyst with strong experience in Risk Analytics, specifically within the Counterparty Credit Risk space. This role will support the delivery of credit and market risk technology initiatives, ensuring accurate model implementation, clear documentation, and thorough testing in a fast-paced and collaborative environment
The role:
Drive the delivery of credit and market risk initiatives from a technology and risk analytics perspective.
Work closely with Risk teams, including Quants and Risk Managers, to ensure a comprehensive understanding of product mapping to existing PFE modelled and non-modelled methodologies.
Translate complex methodology changes into executable plans and clearly define the approach for analysis and implementation activities.
Collaborate with stakeholders to document detailed user requirements and validate pricing and simulation models, including PFE, EE, EPE, VaR, and CVA.
Validate and test market and reference data inputs and understand their impact on simulation results and risk metrics.
Perform impact analysis, tie out numbers, attribute deviations, and provide clear explanations for observed changes.
Query and analyze large volumes of data, understanding the flow from source to calculation steps including risk factor simulation, valuation, and aggregation.
Contribute to defining risk monitoring solutions and credit risk reporting enhancements.
Work closely with technology project managers and system vendors to define delivery schedules and validate updates.
Define robust test plans and guide users through UAT for new product development and system changes.
Partner with production teams to ensure successful handover of new processes and controls into the live environment.
Build effective working relationships across Risk Analytics, Technology Risk, Credit Risk Management, Market Risk, and Front Office Solutions.
Key Skills and Experience:
To succeed in this role you will need:
Strong experience in Risk Analytics, particularly within Counterparty Credit Risk and Potential Future Exposure (PFE) calculations.
Solid understanding of risk exposure metrics (EE, EPE, PFE, VaR, CVA) from a calculation perspective, including knowledge of methodology inputs/outputs such as simulation, pricing, valuation, aggregation, and attribution.
Proven track record of working on methodology change projects and engaging with Quants and Risk Managers.
Demonstrated ability to analyze and explain numerical deviations through impact analysis and results attribution.
Strong data analysis skills with the ability to query and interpret large datasets.
Hands-on experience with pricing and risk engines such as IHS Markit Financial Risk Analytics (FRA), or similar vendor/proprietary systems.
Experience with OpenLink/Endur and/or Murex is beneficial.
Strong business analysis and project lifecycle knowledge.
Experience in compiling business requirements documents and functional specifications.
Solid testing experience, including defining test strategies and supporting UAT.
Excellent communication skills with the ability to convey technical details to both business and IT stakeholders.
Ability to manage multiple tasks and work under pressure, both independently and as part of a team.
Knowledge of Commodities products is a plus but not mandatory.
Deep understanding of key Credit Risk and Market Risk concepts.
Our people
The ideal consultants will share our values and be aligned with our ways of working and as your career progresses, you can expect to work across all areas of the project lifecycle, from strategy to implementation. This will provide you with a broad base of experience from which to build an outstanding career.
The ideal consultants will share our values and be aligned with our ways of working and as your career progresses, you can expect to work across all areas of the project lifecycle.
We pride ourselves on;
Providing our people with a supportive culture, rooted in our values and driven by our purpose.
Promoting a culture of inclusion, collaboration, well-being, and learning and development.
Providing increased agility and flexibility within our hybrid working model
Investing in employees’ growth through ongoing training and development
Autonomy to take ownership of projects, making decisions and demonstrating individual expertise
Providing an transparent performance and career management experience.
Our consultants are integral to delivering successful consulting engagements, addressing our clients’ most pressing business challenges, and build lasting value in disciplines such as:
Solve sophisticated, ambiguous business, change and technology problems, bringing structure and meticulous analysis and planning, acting, and taking decisions with little strategic direction
Build, develop and sustain trusted senior client relationships in the C-suite by remaining highly attuned to client needs
Drive, enable and support the business, partnering with our leaders, clients, and consultants across our practices to take the best of emagine to our clients through opportunity identification/qualification, solution development/presentation
Interested?
At emagine, we are committed to building an international and diverse team by embracing our different backgrounds.
If you are up to the challenge and would like to find out more, get in touch with us immediately, our internal recruitment team is always keen to hear from dynamic individuals that are looking to further their career and explore their full potential.
“emagine is an equal opportunity employer, and employment practices are based strictly on merit. It is the policy of the Company to give equal opportunity in employment regardless of sex, sexual orientation, marital status, race, age, disability, gender reassignment, pregnancy and maternity, religion or ethnic origin”
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