Market Risk Quantitative Analyst – FRTB (Contract Role)

About

We are supporting a leading banking client in strengthening its oversight framework around FRTB, specifically focusing on boundary definitions between trading and banking books.

This role sits within a second line of defence function, providing independent review, challenge, and expertise on the classification and treatment of financial instruments under FRTB.

Key Responsibilities:

• Review and assess internal policies and procedures related to FRTB boundary definitions
• Oversee monitoring and control frameworks governing the classification of financial instruments, including exceptional cases
• Evaluate and challenge exemption and derogation processes
• Assess whether instruments subject to derogation are clearly defined and justified within internal frameworks
• Ensure that any derogation requests are not driven by control or process deficiencies
• Verify alignment of instruments under review with the bank’s internal risk management framework
• Confirm appropriate segregation between trading and non-trading activities, including governance and ownership of positions

Candidate Profile:

• Market risk Quantitative Analyst with strong exposure to FRTB regulations
• Excellent knowledge of market financial products and associated risks
• Solid understanding of trading vs banking book boundary rules
• Prior experience in similar regulatory or control-focused projects is highly desirable
• Strong analytical mindset with the ability to challenge and interpret complex frameworks
• Fluent English required (written and verbal), including report writing

Additional Information:

• Contract role
• High visibility position working closely with senior stakeholders
• Opportunity to contribute to a key regulatory framework within a major financial institution