Business Analyst

at  ICBC Standard Bank

ICBC Standard Bank Plc (ICBCS) is 60% owned by Industrial and Commercial Bank of China and 40% by Standard Bank. ICBCS benefits from a unique Chinese and African parentage and an unrivalled global network and level of expertise.
ICBCS is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and the markets in which we operate. We deliver products in an environment which considers the appropriate needs of our clients, whilst providing guidance and expertise to ensure our employees understand our business and uphold the highest levels of conduct. We want passionate and talented individuals who are motivated by high growth potential being achieved in doing business the right way.
Headquartered in London, ICBCS also has operations in New York, Shanghai and Singapore.

DIVISION SUMMARY

The Risk division encompasses Business Continuity Management, Country Risk, Credit Risk, Market Risk, Operational Risk and Physical Commodities Risk Assurance disciplines.
Risk Change is a department within the Risk division. Its role is to ensure that the Risk division are able to respond quickly to day-to-day market events by ensuring Risk Managers have the processes, systems and data required. The Risk Change team also make a significant contribution to longer term strategic and regulatory change initiatives.
The team’s primary stakeholders are the other departments within the Risk division: Risk
Management (Market, Credit and Operational Risk), Methodology, Model Validation, and Reporting, Analysis and Validation (RAV). The Risk Change team also work closely with other departments such as Front Office, Finance, Technology and Operations.

PREFERRED QUALIFICATIONS AND EXPERIENCE

• A degree or equivalent, further professional qualifications an advantage.
• Experience of working in a regulated environment, ideally Financial Services change-related roles with a focus on Risk.
• Experience in the design and implementation of Risk processes.

KNOWLEDGE, TECHNICAL SKILLS AND EXPERTISE

• Solid understanding of Risk principles, methodologies, measures, systems and processes. Direct exposure to Credit Risk and/or Market Risk would be beneficial but not essential.
• Understanding of the below would be beneficial but not essential:
• Third party vendor systems such as FIS Credit Risk Manager, Moody’s Risk Frontier and Murex.
• Global Markets businesses and products/services. o Operations processes such as collateral management.
• Regulatory rules pertaining to Risk.
• Background of structured analytical skills.
• Knowledge of emerging markets an advantage.
• Strong stakeholder interaction and project management skills (across both waterfall and agile methodologies).
• Finance / budget management.
• Strong documentation and MS Office skills.
• Basic programming skills would be beneficial but not essential e.g. SQL, VBA, Python.

JOB PURPOSE

The main purpose of this Business Analyst role is to assist hands-on with day-to-day and change related business analysis, testing and project management activities. These activities enable the Risk infrastructure, processes, systems and data, to adapt quickly to changing market circumstances.
The processes, systems and data in the Risk department cover key Market, Credit and Operational Risk measurement, control, reporting and validation tools. These includes key processes such as VaR and exposure calculations, limit setting, counterparty and sovereign credit analysis and stress testing.
These Risk systems are critical in ensuring that Risk Managers are able to accurately measure and effectively manage Market Risk, Credit Risk and Counterparty Credit Risk. This assists the Front Office to trade within the relevant Market and Credit Risk limits, and allows Risk and Finance to report appropriately (internally and to ICBCS’ regulators).
The successful candidate will have the opportunity to contribute to the end-to-end change delivery lifecycle, with direct access to and collaboration with Technology, Finance and the Front Office.