Technical Business Analyst – Credit Risk

Company: Magnit Global
Apply for the Technical Business Analyst – Credit Risk
Location: Greater London
Job Description:

Technical Business Analyst – Credit Risk

London, Global Investment Bank

£680 per day inside IR35

6-month contract

We’re supporting a leading global investment bank in hiring a Technical Business Analyst to deliver a series of Credit Risk Reporting Enhancements. This role sits at the intersection of risk, data, and technology, focused on improving and streamlining critical reporting processes.

You’ll play a key role in delivering credit risk initiatives, working closely with risk, front office, and technology teams to enhance infrastructure, reporting, and analytics capabilities.

Key Responsibilities

  • Support delivery of Credit Risk enhancement initiatives from a technology perspective
  • Perform detailed technical analysis and solution design for infrastructure updates
  • Gather and document business and functional requirements
  • Map trade and market data into target risk engine formats (e.g. FraimWRX)
  • Validate pricing and simulation models (e.g. Markit FRA / similar)
  • Define solutions for EOD and intraday credit risk monitoring
  • Work with vendors and internal tech teams to plan and deliver system changes
  • Define and execute testing strategies (UAT, functional testing)
  • Support production handover and resolve post-release issues
  • Build strong relationships across Credit Risk, Market Risk, Risk Analytics, and Front Office

Skills & Experience

  • Strong Business Analysis experience within investment banking, with a deep understanding of Credit Risk including PFE, CVA, VaR, and Expected Shortfall
  • Strong data and technical skills – SQL, Excel, VBA, with exposure to Python and/or Power BI highly desirable
  • Experience working with vendor or in-house risk engines (e.g. FraimWRX, Murex, or similar)
  • Solid understanding of trade and market data flows
  • Experience defining test plans, supporting UAT, and working across the full project lifecycle
  • Exposure to Control-M or similar scheduling tools is a plus
  • Ability to effectively engage with both business and technology stakeholders
  • Technical BA profile, ideally with a development background
  • Strong analytical mindset with quantitative awareness
  • Comfortable operating in fast-paced, complex environments with a track record of delivering front-to-back risk solutions

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Posted: March 30th, 2026