Contract Business Analyst (Non Cleared Derivatives)

Job description

Role: Contract Business Analyst

Project: SIMM model build

Industry: Financial services (non-cleared derivatives)

Location: London (hybrid 3 days per week)

Contract: 6 months rolling

Rate: £600-650/d outside IR35

X4 Technology are partnered with a leading financial services firm to support the build-out of a new ISDA SIMM calculation model as part of their ongoing Uncleared Margin Regulations (UMR) compliance programme.

They're now offering the opportunity for a contract Risk SME Business Analyst with hands-on experience in SIMM model build and previous involvement in UMR phases, to help translate complex regulatory and quantitative requirements into a robust, scalable solution.

This is a high-impact transformation role at the intersection of risk, data and technology, providing exposure to both regulatory change and operating model design.

Requirements for the Contract Business Analyst (Non Cleared Derivatives)

• SIMM / ISDA Calculations: Deep knowledge of ISDA SIMM, sensitivities, margin calculations, backtesting, benchmarking, CRIF files and VaR models
• Regulatory & Governance: Strong understanding of UMR requirements and governance frameworks
• Transformation / BA Skills: Business & technical analysis, current state assessment, data analysis & lineage, solution design, requirements definition and operating model design

This role is ideal for a professional who has delivered SIMM under UMR before and wants to take ownership in a complex regulatory and transformation programme.

If you’re ready to leverage your SIMM expertise in a high-profile, regulatory-driven programme, please apply online for immediate consideration

Extra information

Status

Open

Education Level

Secondary School

Location

London Area

Type of Contract

Full-time jobs

Published at

04-03-2026

Profession type

Accountancy

Full UK/EU driving license preferred

No

Car Preferred

No

Must be eligible to work in the EU

No

Cover Letter Required

No

Languages

English