Credit Risk Business Analyst - PFE

Join Luxoft to support the delivery of the client’s Potential Future Exposure (PFE) adoption, ensuring compliance with PRA/ECB regulatory requirements and alignment with methodologies used across Bank and Securities. This role sits within the Business Analyst team, focusing on risk technology projects.

Key Responsibilities:
• Drive delivery of Credit Risk Enhancement initiatives from a technology perspective.
• Perform detailed technical analysis and design for infrastructure updates related to Credit Risk.
• Document user requirements and validate pricing/simulation models using Markit FRA.
• Map trade and market data from trade systems to FraimWRX format.
• Collaborate with business teams to define solutions for EOD/intraday credit risk monitoring.
• Partner with technology project management and vendors to define schedules and validate updates.
• Define testing methodologies and execute tests for new product development.
• Ensure smooth handover of new processes to production teams and remediate issues.
• Build strong relationships across technology risk, risk analytics, market and credit risk management, and front office teams.

Skills:
• Strong quantitative background with experience in counterparty credit risk and PFE models.
• Hands-on experience with vendor risk engines (e.g., IHS Markit FRA/FraimWRX, Murex, or similar).
• Proficiency in SQL, .NET, Excel VBA; exposure to Python or SAS preferred.
• Familiarity with Power BI and Control-M.
• Strong business analysis skills and full project lifecycle knowledge.
• Experience in defining test plans and guiding UAT phases.
• Strong experience within IB in credit risk domains, including PFE solutions for IR, FX, and Loan products.

Nice-to-Have:
• Prior experience with FraimWRX and/or Murex.