Credit Risk Business Analyst

Location: London

Contract: 6 months

We're looking for an experienced Business Analyst to join a high-impact regulatory programme focused on Basel 3.1 implementation. This role sits within a dynamic Technology and Innovation function and plays a critical part in delivering BA-CVA (Basic Approach Credit Valuation Adjustment) capabilities ahead of the January 2027 regulatory deadline. You will work closely with Finance, Credit Risk, and IT teams, as well as third-party vendors, to ensure robust validation, documentation, and end-to-end testing of CVA calculations within a regulatory solution.

• Analyse and validate BA-CVA calculations from a third-party vendor solution
• Document processes, workflows, and findings clearly and accurately
• Collaborate with stakeholders to review, refine, and sign off requirements
• Support end-to-end testing and UAT to ensure calculation accuracy
• Develop business and functional requirements documentation
• Create test plans, test cases, and present test results
• Partner with technical teams to support system integration and implementation
• Track progress, report status, and escalate project risks/issues where needed
• Liaise with vendors to support solution delivery and issue resolution

Experience

• 5+ years' Experience as a Business Analyst within financial services
• Strong exposure to CVA/Credit Risk/derivatives
• Experience working on regulatory change programmes
• Proven track record working with third-party vendor solutions
• Experience across the full project life cycle (requirements to testing)
• Experience with Moody's Risk Authority (RAY) or similar platforms

Technical & Functional Skills

• Strong analytical and numerical capabilities
• Solid understanding of BA-CVA or Credit Valuation Adjustment calculations
• Knowledge of derivatives products and regulatory reporting
• Familiarity with testing frameworks and methodologies (UAT, SIT)
• Experience with tools such as JIRA and Microsoft Office

Soft Skills

• Excellent communication and stakeholder management skills
• Ability to work independently and collaboratively across global teams
• Highly organised with strong attention to detail
• Proactive, adaptable, and able to perform under pressure

Job Title: Credit Risk Business Analyst

Location: London, UK

Job Type: Contract

Trading as TEKsystems. Allegis Group Limited, Bracknell, RG12 1RT, United Kingdom. No Allegis Group Limited operates as an Employment Business and Employment Agency as set out in the Conduct of Employment Agencies and Employment Businesses Regulations 2003. TEKsystems is a company within the Allegis Group network of companies (collectively referred to as "Allegis Group"). Aerotek, Aston Carter, EASi, Talentis Solutions, TEKsystems, Stamford Consultants and The Stamford Group are Allegis Group brands. If you apply, your personal data will be processed as described in the Allegis Group Online Privacy Notice available at our website.

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