Job Title: Prudential Quality Assurance
Location: London - Hybrid (2-3 days in office is essential)
Contract: Through to 31/03/2027
Rate: £600 - £650 inside umbrella
Purpose
Lead testing of prudential regulatory solutions in a controlled, traceable, and audit-ready manner across source systems, calculation engines, data platforms, and reporting outputs.
Coverage includes:
Capital adequacy / own funds
RWA, credit & counterparty risk
Leverage ratio
Liquidity & funding
Large exposures
Prudential/supervisory reporting
Controls, reconciliation & audit evidenceAligned with PRA (UK) and EBA (EU) regulatory standards.
Background
The firm is undergoing major transformation while strengthening regulatory compliance through dedicated Prudential Operations & IT teams.
This role ensures effective prudential reporting, supports regression testing, maintains test packs, and owns testing for enhancements and monthly updates.
Role Responsibilities
1. Prudential Testing
Lead testing for prudential reporting and back-reporting (incl. CTB change).
Perform data validation, analysis, root-cause investigation.
Collaborate with Product, Compliance, IT, and business teams.
Maintain test scenarios & regression packs (XRAY, Jira, Confluence).
Ensure Agile delivery and continuous improvement.
Mentor junior QA staff.
2. Business Analysis
Gather requirements and define acceptance criteria/use cases.
Support BA team and UAT regression testing.
3. Test Environment & Data
Ensure suitable test environments and manage test data.
4. Defect Management
Log, track, and report defects; ensure traceability to risks.
5. Stakeholder & Delivery Management
Act as bridge between QA, BA, PM, SMEs, Front Office, Operations.
Manage testing lifecycle, risks, timelines, and stakeholder expectations.
Provide estimates and lead automation frameworks & training.
Support change control and escalate risks.
Tasks & Ongoing Responsibilities
Coordinate testing, defect resolution, and QA governance.
Ensure remediation and timely regulatory resubmissions.
Produce MI reporting for senior stakeholders.
Monitor and deliver daily/monthly/quarterly regulatory reporting.
Assess regulatory changes and product impacts.
Maintain regression packs and track execution (XRAY/Jira).
Engage with Compliance, industry forums, and vendors.
Skills & Experience
Core Requirements
Strong QA/Test Lead/Manager experience in prudential/regulatory change.
Knowledge of:
Capital adequacy, RWA, Basel
Liquidity, leverage, large exposures
Credit & counterparty risk
Regulatory reporting frameworks
Experience in end-to-end integrated testing across systems.
Strong defect management, governance, and stakeholder management.
Experience in audit/regulator-sensitive environments.
Knowledge of all asset classes (IR, FX, Credit, Commodities).
Hands-on experience with:
Tools: DTCC, RHUB, Kaizen, DUCO/IntelliMatch
Platforms: Murex, Summit, PRISM, FOX, Bloomberg, MarkitWire
Strong understanding of front-to-back trading and reporting flows.
Excellent analysis, communication, and documentation skills.
Test Strategy & Leadership
Define and own end-to-end test strategy and plans (SIT, UAT, regression).
Ensure coverage of:
Business rules, calculations, data flows, reconciliations, controls
Upstream sources → transformation → calculation engines → reporting outputs
Apply risk-based testing aligned to regulatory/financial impact.
Lead testing across all prudential domains ensuring accuracy and completeness.
Additional Requirements
Experience in regulatory reporting projects, migration, remediation.
Familiar with JIRA, Confluence, XRAY, MS Office, SQL (Excel strong; VBA preferred).
Experience in Agile & Waterfall.
Strong stakeholder engagement at senior levels.
Vendor management experience (preferred).
Qualifications
Degree in STEM discipline
ISTQB certification (minimum)
Finance/regulatory qualifications (preferred)
Desirable
Financial markets expertise
Vendor systems (Gloss, settlement, cash flow)
Endpoint testing (S&P, DTCC)
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