At a Glance
- Tasks: Analyse counterparty risk across various financial instruments and support risk management.
- Company: Join a leading UK Risk Department focused on enhancing global risk frameworks.
- Benefits: Enjoy opportunities for remote work, professional development, and corporate perks.
- Why this job: Be part of a dynamic team driving continuous improvements in risk analysis and management.
- Qualifications: 2+ years in risk monitoring, strong analytical skills, and programming knowledge preferred.
- Other info: Ideal for finance or engineering students looking to make an impact in the financial sector.
The predicted salary is between 48000 - 72000 £ per year.
Within the UK Risk Department, the Counterparty Credit Risk (CCR) Analyst will monitor and explain exposures under normal and stressed conditions, and contribute to enhancing the local risk framework, liaising with all the stakeholders particularly Global Market, Risk Departments, Legal, BO and IT, locally but also worldwide.
Main Responsibilities:
- Perform counterparty risk analysis on the derivatives portfolio cross assets (Fx, Interest rates, equities, commodities and credit), on all counterparties sectors (banks, corporates, funds…), identify any concentration.
- Assist the FO by explaining variation and breach limits, perform first level investigation to identify potential issues and raise them to proper teams.
- Participate in estimating and recommending appropriate trading limits taking into account notably transactions specificities, global risk assessment and risk appetite/mandate.
- Contribute to reviewing the Counterparty Risk policies and procedures.
- Take part in enhancements projects, act for continuous improvements, when appropriate build POC tools.
- Contribute to the preparation of risk committees, and reports for regulators and audit.
Required Skills/Qualifications/Experience:
- At least 2 years of experience related to risk monitoring/management.
- Good knowledge on financial instruments derivatives and repo, and on market and/or counterparty risk.
- Familiar with sensitivities, VaR, stress tests, PFE, EAD, EEPE, RWA, xVA.
- Understanding of legal documents (ISDA, CSA, GMRA, GMSLA…).
- Strong analytical skills with the ability to deal with large amount of data.
- Good organizational, communication and interpersonal skills.
- Good programming skills (VBA, Python…) and knowledge in databases are a strong advantage.
- Knowledge of UK and European regulatory requirements are a plus but not necessary.
- Degree in Finance, Math/Applied Math or Engineering.
Counterparty Credit Risk Officer employer: Natixis NY Branch
Contact Detail:
Natixis NY Branch Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Counterparty Credit Risk Officer
✨Tip Number 1
Network with professionals in the finance and risk management sectors. Attend industry events, webinars, or local meetups to connect with people who work in counterparty credit risk. This can help you gain insights into the role and potentially lead to referrals.
✨Tip Number 2
Familiarise yourself with the latest trends and regulations in counterparty credit risk. Follow relevant financial news, subscribe to industry publications, and join online forums. This knowledge will not only prepare you for interviews but also demonstrate your commitment to staying informed.
✨Tip Number 3
Enhance your technical skills, particularly in programming languages like Python and VBA. Consider taking online courses or working on personal projects that involve data analysis or risk modelling. This practical experience can set you apart from other candidates.
✨Tip Number 4
Prepare for potential interview questions by practising your responses to common scenarios in counterparty credit risk analysis. Think about how you would handle specific situations, such as breaches in limits or stress testing results, and be ready to discuss your thought process.
We think you need these skills to ace Counterparty Credit Risk Officer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk monitoring and management. Emphasise your knowledge of financial instruments, derivatives, and any specific skills related to counterparty credit risk.
Craft a Strong Cover Letter: In your cover letter, explain why you are interested in the Counterparty Credit Risk Officer position. Mention your familiarity with regulatory requirements and your analytical skills, and how they align with the responsibilities outlined in the job description.
Showcase Technical Skills: If you have programming skills in VBA or Python, make sure to include specific examples of how you've used these skills in previous roles. This will demonstrate your ability to contribute to enhancements projects and build POC tools.
Highlight Communication Abilities: Since the role involves liaising with various stakeholders, emphasise your communication and interpersonal skills. Provide examples of how you've successfully collaborated with teams in past positions.
How to prepare for a job interview at Natixis NY Branch
✨Know Your Financial Instruments
Make sure you have a solid understanding of financial instruments, especially derivatives and repos. Be prepared to discuss how these instruments relate to counterparty risk and provide examples from your past experience.
✨Demonstrate Analytical Skills
Showcase your analytical skills by discussing specific instances where you've dealt with large datasets. Prepare to explain how you approached data analysis and the tools you used, such as VBA or Python.
✨Familiarise Yourself with Regulatory Requirements
While knowledge of UK and European regulatory requirements is a plus, it’s important to at least be aware of them. Brush up on key regulations that impact counterparty credit risk to demonstrate your commitment to compliance.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your ability to handle stress tests, limit breaches, and risk assessments. Think through potential scenarios and how you would respond, highlighting your problem-solving skills.