Credit Risk Management Officer - CER Financial

Counterparty Credit Risk Officer

City of London

Permanent 

£70,000 – £90,000

cer Financial are working alongside an investment bank who are based in the City of London. They are seeking a Counterparty Credit Risk Officer to work with them on a permanent basis.

The responsibilities of a Counterparty Credit Risk Officer will include:

· 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

The successful Counterparty Credit Risk Officer will have:

· 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…)

· 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