Senior Technical Business Analyst / Product Owner - FRTB & XVA
3 days ago
City of London
Senior Technical Business Analyst / Product Owner – FRTB & XVA (Capital Markets) 📍 Location: Canary Wharf, London (Hybrid – 2–3 days onsite per week) 📄 Contract: Fixed Term – 12 Months first 1 year then highly likely to conversion to permanent) 💰 Salary: Open to market level 🏦 End Client: Tier‑1 Investment Bank 🎯 Target Background: Synechron / EPAM / similar Capital Markets consulting firms Role Overview We are seeking a Senior Technical Business Analyst / Product Owner with deep, hands‑on ownership of FRTB (Fundamental Review of the Trading Book) programmes, ideally within a Tier‑1 Investment Bank or regulatory transformation initiative. This role is NOT a generic Capital Markets BA position. The ideal candidate will demonstrate strong FRTB regulatory delivery experience, XVA understanding, and the ability to operate as a product owner–style BA across regulatory, risk, and technology teams. Key Responsibilities • Act as a Product Owner / Lead BA for FRTB regulatory deliverables, owning scope from requirement definition to implementation sign‑off, • Partner with Front Office, Market Risk, Finance, Quant, and Technology teams to deliver FRTB‑compliant solutions, • Drive and document end‑to‑end FRTB workflows, including:, • Standardised Approach (SA), • Internal Models Approach (IMA), • Risk Factor Eligibility Test (RFET), • P&L Attribution (PLA), • Lead requirements for XVA analytics and reporting, covering CVA, DVA, FVA, KVA, and MVA, • Translate regulatory text (Basel / FRTB rules) into functional and technical requirements, • Perform hands‑on data analysis using SQL, Python, and Excel to validate results, reconcile figures, and support UAT, • Work closely with development teams on:, • Data models (relational and NoSQL, including MongoDB), • Calculation engines and reporting layers, • System integrations across risk, finance, and regulatory platforms, • Own user stories, BRDs, FRDs, acceptance criteria, and process flows, • Support regulatory audits, model validation, and internal governance reviews Mandatory Skills & Experience (Non‑Negotiable) • 8+ years overall IT experience, with 5+ years as a Technical Business Analyst / Product Owner, • Proven, hands‑on FRTB delivery experience (must be clearly visible on CV), • Candidates without explicit FRTB ownership experience will not be considered, • Strong understanding of:, • Basel regulations, • Market Risk frameworks, • Capital calculations, • Deep XVA knowledge, including:, • CVA, DVA, FVA, KVA, MVA, • Advanced SQL (complex queries, validations, reconciliations), • Practical Python usage for data analysis and validation, • Strong Excel skills for financial analysis and regulatory reporting, • Solid understanding of Capital Markets products (Rates, FX, Equities, Credit) Technical & Tools Experience • MongoDB or other NoSQL databases, SQL, • ETL processes and data lineage, • Jira, Confluence, • Exposure to microservices / API‑based architectures (nice to have) Delivery & Methodology • Strong Agile / Scrum delivery experience, • Comfortable operating as a Product Owner–style BA, • Proven experience working in regulatory remediation or transformation programmes, • Ability to push back, challenge, and clarify regulatory interpretations Soft Skills • Excellent stakeholder management (Front Office to Risk to Regulators), • High attention to detail with strong numerical accuracy, • Confident communicator in high‑pressure regulatory environments, • Proactive, outcome‑driven mindset