RISK is globally accountable for the definition of official risk policies, guidelines and procedures, as well as the quantification and monitoring of risks taken by the various business lines, to ensure alignment with risk appetite and policies. Our client has a well-developed risk management culture is based on a long-term vision, a committed management, and a strong and independent organization.
Enterprise Risk Architecture (ERA) is a transversal stream within RISK focused on risk analytics, modelling and industrialization. Within ERA, the Risk Analytics & Modelling (Risk A&M) department focusses on risk methodologies and related system aspects. It contributes to the definition of the Group's risk appetite, its risk decision making process and the optimization of capital allocation to support the development of the Operating Divisions. RAM supports with full commitment all ERA initiatives and actions.
Team overview and role
The Risk A&M Business Analysis Team is responsible for the full range of business analysis tasks across both user-driven and regulatory projects addressing both methodological and systems aspects. The BA role is pivotal to the successful delivery of change projects providing a common dialogue and understanding between the various delivery teams involved. Furthermore, the role provides risk domain expertise to assist the project managers in their planning and tracking of projects in line with the project governance of the department. In terms of the day-to-day aspects of the role these encompass:
Requirements gathering and functional architecture design: Liaison with the sponsors, stakeholders and system users for the preparation of business and functional specifications as well as the necessary processes, data analysis and functional architecture. This involves defining the main actors at the inception of the project and then discussing with the businesses themselves (business managers, front-office quants and project teams), risk managers as well as the RISK A&M quantitative analysis teams. The BA team is responsible for the quality and timeliness of the functional solution documentation within the project.
Technical solution facilitation: Integration with development teams, both within RISK A&M and externally, to ensure requirements are understood and appropriate IT solutions are designed and documented with a strong focus on process engineering.
Testing Strategy and Orchestration: Responsibility for the elaboration of the Testing strategy and the preparation, in collaboration with development teams, of test plans to ensure the technical and functional system changes are adequately tested. The team is also involved in the execution of some of the test plans as defined in the Testing Strategy Documentation and based on use cases designed with the stakeholders. Participation along with the Project Management team to the coordination of user acceptance testing to ensure the changes are validated and business requirements are met. Participation along with the Project Management team to the coordination and to some extend to the fulfilment of methodological testing in liaison with the RISK A&M quantitative analysis teams.
Transition: Responsibility in collaboration with RISK Analysis and Client Services (RACS) for the transition and soft-landing of projects into production, operational acceptance, user on-boarding and training. Participation in collaboration with RACS who should be involved at inception of projects to the design and documentation of processes, procedures and service monitoring.
Ad-hoc Analysis: In additional to the analysis performed within the project, provide Ad-hoc functional analysis to investigate aspects or issues associated with risk calculations or help resolve regulatory recommendations. Contribution to the costing and estimates of upcoming projects as well as the analysis of some Maintenance and Enhancement Tasks when requested by RISK Calculation and Analysis (RCA).
Although the above aspects indicate a strong waterfall-based project methodology, the Quantitative BA should possess a passion for delivery and be ready to adopt more agile working where the role. A willingness and genuine interest to contribute to the continuous improvement of the BA process is also deemed beneficial to the role.
The objective is for the Quantitative Business Analysis function to help implement the Targeted Review on Internal Models (ECB).
CAPABILITIES & SKILLSET
Proven BA / Quantitative experience. A strong understanding of the necessary project lifecycle coupled with effective verbal communication and a common-sense approach to quickly assimilate necessary information.
Detailed understanding of Counterparty Risk models and in particular the methodological aspects.
Ability to write and maintain documentation that can withstand inspection by third parties, in particular internal reviewers and auditors as well as regulatory bodies.
Structured approach and taking initiatives to address or resolve issues.
Understanding and experience of working with IT systems, coupled with an ability and curiosity to understand key aspects of risk methodologies.
Use of Microsoft Office products which are extensively used to produce the necessary artefacts.
A minimum of 7-10 Years in the banking industry.
Interest to work in an agile environment given some teams will need strong coordination, whilst the need to effectively manage change is often important to secure delivery.
Former programming role is a plus to facilitate the communication with the developers.
Experience in Market Risk would be a plus.
Previous involvement in TRIM missions would be useful.
English is essential and used for all documentation.
Internal Number: 5848771
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