Credit Risk Manager

We are working with a leading FX/CFD trading firm specializing in providing high-quality financial services to retail and HNW clients. As a fast-growing company, they are seeking a Credit Risk Manager with expertise in FX and CFD markets to join their dynamic risk management team. In this role, you will be responsible for managing and mitigating credit risk across the firm’s trading portfolios, ensuring that credit exposures are within approved limits and in line with regulatory requirements.

The Role:

As a Credit Risk Manager , you will oversee credit risk within the firm’s FX and CFD operations . You will assess counterparty risk, ensure margining and collateral management processes are effective, and provide senior management with timely risk insights. This is a critical role where you will work closely with traders, compliance teams, and senior executives to safeguard the firm’s credit exposures in volatile market conditions.

Key Responsibilities:

• Credit Risk Assessment:
• Analyze and manage the credit risk of FX and CFD counterparties, including both HNW and retail clients.
• Evaluate the creditworthiness of counterparties and set credit limits in line with the firm’s risk appetite and regulatory requirements.
• Monitor margin calls and ensure prompt action is taken for under-margined accounts.
• Counterparty Risk Management:
• Develop and implement strategies for mitigating counterparty risk, including negotiating margining and collateral agreements.
• Monitor the firm’s exposure to liquidity providers, brokers, and other counterparties.
• Manage the risk arising from large positions in the FX and CFD markets, including margin management and collateral monitoring.
• Credit Risk Reporting:
• Produce daily, weekly, and monthly credit risk reports detailing exposures, potential defaults, and emerging risks.
• Provide actionable insights to senior management regarding potential threats to the firm’s credit standing in the FX and CFD markets.
• Ensure accurate and timely reporting of credit risk data to internal stakeholders and regulatory authorities.
• Risk Mitigation & Strategy Development:
• Work with the trading desk to establish effective risk mitigation strategies and ensure these are incorporated into the firm's trading and operational activities.
• Develop and oversee stress-testing scenarios to assess the impact of extreme market conditions on the firm’s credit exposure.
• Maintain robust collateral management systems and ensure they are updated according to market changes.
• Regulatory Compliance:
• Ensure that all credit risk management practices comply with relevant regulations, including MiFID II, EMIR, and other financial market standards.
• Keep up-to-date with regulatory changes affecting the FX and CFD markets and ensure the company adapts to these changes promptly.
• Stakeholder Collaboration:
• Collaborate closely with senior management, traders, compliance, and legal teams to manage credit risk in line with business goals.
• Assist in the negotiation and management of contracts and agreements with liquidity providers and brokers.

Skills & Qualifications:

• Education:
• Bachelor’s degree in Finance, Economics, Business, or a related field (Master’s degree or professional certifications like FRM, CFA preferred).
• Experience:
• A minimum of 5 years of experience in credit risk management, preferably within the FX/CFD trading industry or global currencies markets.
• Strong understanding of FX and CFD products, including margining, leverage, and collateral management.
• Proven experience in managing counterparty risk, especially in highly leveraged environments.
• Technical Skills:
• Proficiency with risk management systems and trading platforms (e.g., Bloomberg Terminal, Murex, Calypso).
• Advanced Excel skills, including complex data analysis, pivot tables, and macros.
• Regulatory Knowledge:
• Deep understanding of financial regulations related to FX and CFD trading, including MiFID II, EMIR, Dodd-Frank, and Basel III.
• Experience with regulatory reporting and compliance in the financial services industry.
• Soft Skills:
• Strong analytical skills with the ability to work with complex datasets.
• Excellent communication skills, capable of presenting risk data to senior management in an actionable format.
• Strong decision-making skills and the ability to work effectively under pressure in a fast-paced environment.