Business Analyst - Credit Risk

Salary: £? - ? per year

Requirements:

• Extensive experience performing Business Analysis within investment banking environments.
• Proven ability to gather, document and manage business requirements throughout the project lifecycle.
• Experience producing Business Requirement Documents (BRDs), Functional Specification Documents (FSDs), User Stories, Process Maps, Gap Analysis Documents, Data Mapping Specifications, Test Plans and Test Scenarios.
• Experience facilitating workshops with business and technology stakeholders.
• Strong stakeholder management skills across Front Office, Middle Office, Risk and Technology functions.
• Experience supporting Agile and Waterfall project methodologies.
• Ability to coordinate deliveries across multiple development teams and geographical locations.
• Good understanding of Counterparty Credit Risk concepts.
• Strong knowledge of Potential Future Exposure (PFE), Expected Exposure (EE), Exposure at Default (EAD), Wrong Way Risk, Credit Limits and Regulatory Capital.
• Understanding of collateral, netting and margin agreements.
• Knowledge of exposure reconciliation processes.
• Understanding of Credit Risk reporting and regulatory requirements.
• Familiarity with risk simulation and pricing platforms such as S&P Global Financial Risk Analytics (FRA) is highly desirable.
• Proven understanding of Interest Rate Derivatives, FX Derivatives, Credit Derivatives, Repos, Stock Borrow Lending (SBL), Agency Lending, Mortgage Backed Securities (MBS), Bonds and Equities.
• Understanding how these products impact Credit Risk exposure calculations is essential.
• Strong understanding of data analysis and data lineage.
• Experience analysing large datasets using SQL.
• Ability to perform data reconciliation and root cause analysis.
• Understanding of system integration and risk architecture.
• Working knowledge of SQL Server, Azure platforms, APIs, messaging architectures, batch processes and data feeds.
• Ability to communicate effectively with Development, Infrastructure and Architecture teams.
• Experience managing User Acceptance Testing (UAT).
• Experience defining test scenarios and acceptance criteria.
• Ability to coordinate business sign-off activities.
• Strong defect management and issue tracking experience.
• Experience supporting production releases and change management processes.
• Strong Business Analysis experience within investment banking.
• Credit Risk domain expertise.
• SQL and data analysis skills.
• Requirements gathering and documentation.
• Process mapping and workflow analysis.
• UAT planning and execution.
• Stakeholder management.
• Agile and Waterfall delivery methodologies.
• Experience working within front-to-back risk platforms.
• Strong analytical and problem-solving capabilities.
• Experience working within global banking organisations.
• Experience working with Murex would be an advantage.

Responsibilities:

• Act as the primary liaison between Credit Risk Management, business users, project managers and technology teams to deliver strategic enhancements across the Credit Risk platform.
• Gather and document business requirements.
• Analyse Credit Risk processes and identify opportunities for improvement.
• Support regulatory change initiatives and business-driven Credit Risk initiatives.
• Ensure business objectives are translated into effective technology solutions.
• Work closely with risk managers and global technology teams to support the ongoing evolution of our Credit Risk infrastructure.
• Produce high-quality business and functional requirements documentation.
• Work closely with development teams to clarify business requirements and support solution design.
• Conduct data analysis and exposure reconciliations across risk systems.
• Facilitate workshops, stakeholder meetings and requirements-gathering sessions.
• Define and coordinate UAT activities and business sign-offs.
• Track requirements through delivery and ensure traceability from design to implementation.
• Assist with production issue investigation and root cause analysis.
• Coordinate with global teams to ensure successful project delivery.
• Support change management, training and user adoption activities.

Technologies:

• Azure
• Support
• SQL
• Cloud
• ARM

More:

We are seeking a Business Analyst - Credit Risk for a 6-month contract role based in London with hybrid working, requiring 3 days onsite each week. This is an Inside IR35 position with a day rate of up to £600. The role sits within a specialist recruitment process for a major technical and risk-focused environment, and it offers the opportunity to work closely with Credit Risk Management, business stakeholders, project teams and technology teams on strategic platform enhancements and regulatory change initiatives. The position involves exposure to global teams, front-to-back risk platforms, and complex Credit Risk infrastructure in an investment banking context.

last updated 30 week of 2026