Market Risk Change Transformation

Market Risk Change Analyst

Location: London

Contract: 12 months

We are seeking an experienced Risk Change Analyst to join a leading financial services organisation on a 12-month contract. This role sits within a dynamic risk and change function, supporting the delivery of strategic initiatives and enhancements to risk management frameworks. This would suit a consultant used to working at early stages of a programme.

Key Responsibilities

• Support the delivery and testing of business requirements for technology and change initiatives
• Assist in the production of change management artefacts, project documentation, and programme reporting
• Contribute to the definition and enhancement of risk methodologies, including impact analysis and regulatory approval support
• Support the development of target operating models, including risk frameworks, vision, and strategy
• Ensure compliance with internal policies, regulatory requirements, and audit standards
• Participate fully in audits, investigations, and reporting requirements
• Continuously develop professional knowledge and capabilities within risk and change disciplines

Skills & Experience Required

• Strong experience in risk management within a financial institution, ideally with exposure to:
• Commodity or OTC derivative markets (ideal)
• Risk margin methodologies (e.g. SPAN, VaR)
• Solid understanding of core risk management principles, including:
• Back testing
• Stress testing
• Product valuation
• Proven experience delivering change in a risk environment, including:
• Requirements gathering and documentation
• Testing support (UAT, system testing)
• Good knowledge of project delivery and change frameworks, including Agile and Waterfall methodologies

Desirable Qualifications

• Professional risk certifications (or working towards), such as CFA or FRM
• Change management/project certifications (e.g. Agile, PRINCE2, or equivalent)

What We're Looking For

• Strong analytical and problem-solving skills
• Effective stakeholder communication
• Ability to operate in a regulated environment with attention to detail
• A proactive approach to learning and professional development

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