Counterparty Credit Risk Officer
Counterparty Credit Risk Officer

Counterparty Credit Risk Officer

London Full-Time 48000 - 72000 £ / year (est.) No home office possible
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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, skill development, and a collaborative environment.
  • Why this job: Be part of impactful projects that shape risk policies and improve financial stability.
  • Qualifications: 2+ years in risk management, strong analytical skills, and programming knowledge preferred.
  • Other info: Ideal for finance enthusiasts eager to work with global stakeholders and enhance their expertise.

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.
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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

Consider reaching out to current or former employees of StudySmarter or similar companies on LinkedIn. Ask them about their experiences and any advice they might have for someone looking to enter the field. Personal connections can provide valuable insights and may even lead to job opportunities.

✨Tip Number 4

Prepare for potential technical assessments by brushing up on your programming skills, particularly in VBA and Python. Practice analysing large datasets and performing risk calculations, as these are crucial for the role. Being well-prepared can set you apart from other candidates.

We think you need these skills to ace Counterparty Credit Risk Officer

Counterparty Risk Analysis
Derivatives Portfolio Management
Financial Instruments Knowledge
Market Risk Assessment
Credit Risk Analysis
Stress Testing
Value at Risk (VaR)
Potential Future Exposure (PFE)
Expected Exposure (EE)
Regulatory Compliance
Legal Document Understanding (ISDA, CSA, GMRA, GMSLA)
Analytical Skills
Data Management
Organisational Skills
Communication Skills
Interpersonal Skills
Programming Skills (VBA, Python)
Database Knowledge
Risk Policy Review
Continuous Improvement

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 risk analysis.

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 handle large data sets and contribute to enhancements projects.

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 the past, particularly in high-pressure situations.

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. Highlight any tools or methodologies you used to analyse risks and how you communicated your findings to stakeholders.

✨Familiarise Yourself with Regulatory Requirements

Even if knowledge of UK and European regulatory requirements isn't mandatory, it’s beneficial to have a basic understanding. Research relevant regulations and be ready to discuss how they impact counterparty credit risk management.

✨Prepare for Technical Questions

Expect technical questions related to risk metrics like VaR, PFE, and EAD. Brush up on these concepts and be ready to explain them clearly, as well as how they apply to the role of a Counterparty Credit Risk Officer.

Counterparty Credit Risk Officer
Natixis NY Branch
Location: London
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