Basic Approach CVA Business Analyst (h/f)

Basic Approach CVA Business Analyst

£600-£650pd Inside IR35

Initial 6 month engagement

4 days on site in London

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 seeking an experienced Business Analyst to join the Technology Management Team to support a critical regulatory initiative. This role focuses on delivering compliance with PRA Basel 3.1 regulations by 1 January 2027, with a particular emphasis on Basic Approach Credit Valuation Adjustment (BA-CVA).

You will play a key role in validating and testing vendor-provided BA-CVA calculations, ensuring accuracy, transparency, and regulatory compliance.

• Analyse and validate BA-CVA calculations delivered by a third-party vendor

• Collaborate with technical teams to document, review, and test calculation methodologies

• Produce high-quality Business Requirements Documents (BRDs) and Functional Specifications

• Document workflows, processes, and findings clearly for stakeholders

• Engage with stakeholders to gather requirements and obtain sign-off

• Support end-to-end User Acceptance Testing (UAT), including test planning and execution

• Develop and maintain test plans, test cases, and test results documentation

• Liaise directly with the external vendor where required

• Present proposed solutions and testing approaches to stakeholders

• Provide project updates, highlight risks, and escalate issues where necessary

• 5+ years' experience as a Business Analyst within Credit Risk/CVA projects

• Strong expertise in Credit Valuation Adjustment (CVA) calculations

• Proven experience working with vendor-managed solutions and integrations

• Demonstrated ability to deliver within regulatory-driven projects

• Strong stakeholder management and communication skills

• Experience with Moody's Risk Authority (RAY)

• Background in regulatory reporting initiatives

• Knowledge of derivatives products

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 life cycle, 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 life cycle.

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