Market Risk Business Analyst London/Hybrid 6 month contract Day rate from £500 DOE via Umbrella Company Our commitment is to provide equal opportunity regardless of, for example, your gender, age, ethnicity, disability, sexual orientation or beliefs. We also engage with employers to develop programmes and pathways that embrace diverse talent and promote more inclusive employment worldwide through partnerships and other initiatives. We recognise and celebrate the value of difference and how it makes us faster, smarter and more innovative than our competition. My client is one of the largest financial institutions headquartered in Japan, with an established presence across all consumer and corporate banking businesses. Through its subsidiaries and affiliates, they offer a diverse range of financial services, including commercial banking, leasing, securities, credit card, consumer finance and other services. They are looking for a Market Risk Business Analyst to join their team on an initial 6 month contract. You will be working Monday to Friday, standard office hours with the occasional out of hours requirement in line with business needs. The role is hybrid working being in the office 2-3 days a week with the remainder of time working from home. Role Summary The Market Risk Business Analyst will partner with Market Risk Management, Treasury/ALM, Front Office, and Technology to support the delivery of market risk solutions across our trading businesses. The role focuses on delivering high‑quality risk analytics, controls, and reporting aligned with regulatory expectations and the firm's risk reporting strategy. Key Responsibilities Serve as the primary liaison between Market Risk, Treasury/ALM, and Technology to translate risk policy requirements into actionable system and process designs. Lead end‑to‑end IT change initiatives, including requirements gathering, solution design, data mapping, workflow modelling, test planning, UAT execution, and production deployment. Partner with architecture and engineering teams to improve data sourcing, quality, and integration across risk platforms, market data feeds, pricing engines, and trade/position systems. Lead analysis and implementation of market risk methodologies across Fixed Income and FX, including sensitivities, VaR, stress testing, and scenario frameworks. Drive enhancements to ALM‑related controls, including interest‑rate risk, liquidity risk metrics, limit frameworks, and balance‑sheet hedging oversight. Oversee end‑to‑end delivery of risk platform changes: requirements, data sourcing, functional specifications, UAT, and production rollout. Assess control gaps and implement improved governance around data quality, model inputs, valuation, pricing, and risk aggregation. Partner with Treasury and Market Risk teams to ensure consistent treatment of risk measures across trading book and banking book activities. Support regulatory change initiatives (e.g., FRTB), change the bank initiatives, documentation, and audit interactions. Develop dashboards, reporting tools, and process automation to streamline risk insight and ensure timely escalation of limit breaches or control issues. Skills and Experience Experience of working similar positions in an Investment Bank. Strong experience in Market Risk, Treasury/ALM, or Front Office Risk/Quant BA roles. Strong knowledge of Fixed Income and FX products (cash and derivatives) and their risk drivers. Hands‑on expertise in data analysis, SQL, JIRA, Agile delivery, and risk‑system workflows. Experience with ALM frameworks, IRRBB, liquidity metrics, and related controls. Proven ability to lead cross‑functional projects and deliver technology change in complex environments. Excellent analytical, communication, and documentation skills; Strong stakeholder skills with the ability to engage, and work closely with to ensure timeframes are met. Excellent ability to convert risk concepts into structured IT requirements and partner effectively with developers and quants. Candidates must show evidence of the above in their CV to be considered. Please be advised if you haven't heard from us within 48 hours then unfortunately your application has not been successful on this occasion, we may however keep your details on file for any suitable future vacancies and contact you. We use generative AI tools to support our candidate screening process. This helps us ensure a fair, consistent, and efficient experience for all applicants. Rest assured, all final decisions are made by our hiring team, and your application will be reviewed with care and attention