Counterparty Credit Risk Officer

Job Description

Job Scope

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. The analyst will liaise with stakeholders including Global Market, Risk Departments, Legal, BO, and IT, both locally and worldwide.

Main Responsibilities:

• Perform counterparty risk analysis on the derivatives portfolio across various asset classes (FX, Interest rates, equities, commodities, and credit) and sectors (banks, corporates, funds). Identify any concentrations.
• Assist the Front Office by explaining variations and breach limits, perform initial investigations to identify potential issues, and escalate when necessary.
• Estimate and recommend appropriate trading limits, considering transaction specifics, global risk assessment, and risk appetite/mandate.
• Review and contribute to the development of counterparty risk policies and procedures.
• Participate in enhancement projects, contribute to continuous improvements, and develop proof-of-concept tools when appropriate.
• Assist in preparing risk committee reports, and reports for regulators and auditors.

Required Skills/Qualifications/Experience

Skills:

• At least 2 years of experience in risk monitoring or management.
• Good knowledge of financial instruments, derivatives, repos, and market/counterparty risk.
• Familiarity with sensitivities, VaR, stress tests, PFE, EAD, EEPE, RWA, xVA.
• Understanding of legal documents such as ISDA, CSA, GMRA, GMSLA.
• Strong analytical skills with the ability to handle large datasets.
• Excellent organizational, communication, and interpersonal skills.
• Proficiency in programming (VBA, Python) and database knowledge is advantageous.
• Knowledge of UK and European regulatory requirements is a plus but not mandatory.

Qualifications:

• Degree in Finance, Mathematics/Applied Mathematics, or Engineering.

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