QA Manager (Counterparty Credit Risk)

QA Manager (Counterparty Credit Risk) - Banking - Contract

Role - QA Manager (Counterparty Credit Risk)

Rate - £800 per day (Inside IR35)

Duration - 6 months with very likely extension

Location - Liverpool street, London - Hybrid, 50% of the time in the office

Spec -

London | Hybrid Working | Financial Services

An exciting opportunity has arisen for an experienced Test Manager to join a major financial services organisation and lead testing activities across a range of Counterparty Credit Risk (CCR) initiatives.

This role will be responsible for defining and implementing the overall testing strategy, ensuring alignment with enterprise QA standards and governance frameworks, while driving continuous improvement across testing processes, controls and delivery practices.

You'll work closely with technology, risk and business stakeholders, playing a key role in delivering high-quality solutions within a complex regulatory and risk-focused environment.

The Role

As Test Manager, you will provide leadership across all phases of the testing lifecycle, ensuring robust governance, effective stakeholder engagement and consistent quality delivery.

Key responsibilities include:

Defining and implementing test strategies for Counterparty Credit Risk programmes and projects
Aligning testing approaches with enterprise QA standards, governance frameworks and delivery methodologies
Reviewing and enhancing existing QA processes and testing practices
Leading test planning, execution and reporting across SIT, UAT, regression and end-to-end testing phases
Building and developing QA capabilities, including mentoring and supporting testing teams
Establishing KPI and quality metrics covering test coverage, defect leakage, release quality and delivery performance
Ensuring full traceability between requirements, test cases and defects
Coordinating defect management, triage sessions and quality reviews
Supporting release planning and go-live readiness assessments
Managing testing risks, dependencies and delivery challenges
Producing clear reporting for senior stakeholders, programme leadership and risk teams
Ensuring adherence to audit, governance and regulatory requirementsRequired Experience

We are looking for candidates who can demonstrate:

Extensive experience as a Test Manager within banking or financial services
Strong experience within Counterparty Credit Risk or closely related risk domains
Proven ability to define and implement enterprise test strategies
Experience managing large-scale SIT, UAT and end-to-end testing programmes
Strong knowledge of QA governance, controls and audit requirements
Experience building and improving testing frameworks, processes and teams
Strong stakeholder management skills across business and technology functions
Experience using tools such as JIRA, Xray, ALM or Azure DevOps
Knowledge of SDLC, STLC and risk control frameworks
Experience working within Agile, hybrid Agile or regulatory change programmesDesirable Experience

Particular interest will be shown in candidates with experience across:

Counterparty Credit Risk (CCR)
SA-CCR
Internal Model Methodology (IMM)
Exposure at Default (EAD)
Potential Future Exposure (PFE)
Collateral and margining processes
Trade lifecycle management
Risk engines and risk aggregation platforms
Murex, Calypso or similar risk technology platforms
Data validation and reconciliation testing
Regulatory change programmes
Stress testing and back-testing frameworks
Test automation approaches within data-intensive environmentsWhat We're Looking For

Beyond technical expertise, we're seeking an individual who can:

Challenge existing processes and identify opportunities for improvement
Influence senior stakeholders across business, technology and risk functions
Build credibility with both technical and non-technical audiences
Drive quality throughout the delivery lifecycle
Lead teams through complex testing challenges in a regulated environment
Balance governance requirements with delivery objectivesGCS is acting as an Employment Business in relation to this vacancy
Only candidates based in UK and eligible to work in UK are allowed