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- Tasks: Manage and analyse counterparty credit risk across diverse trading portfolios.
- Company: A leading global bank with a strong commitment to diversity and inclusivity.
- Benefits: Competitive pay, broad exposure to asset classes, and career development opportunities.
- Why this job: Join a high-profile role with significant impact on trading and risk management.
- Qualifications: Degree in finance or related field; experience in counterparty credit risk preferred.
- Other info: Dynamic environment with strong visibility across trading and risk teams.
The predicted salary is between 72000 - 108000 £ per year.
A leading global bank is seeking a VP-level X-Asset Counterparty Risk Manager to join its established risk function in London.
This is a broad and high-profile role offering exposure across all major asset classes, including rates, FX, credit, equities and commodities - Including Physical Commodities. The successful candidate will play a key role in the independent oversight, analysis and management of counterparty credit risk arising from trading and financing activity, while partnering closely with front office, market risk, credit, collateral and senior stakeholders across the business.
Responsibilities
- Monitor, assess and challenge counterparty credit risk exposures across a diverse trading portfolio spanning all asset classes.
- Perform counterparty risk analysis on derivatives, SFTs and other traded products, including exposure profiling, stress analysis and wrong-way risk assessment.
- Review and approve counterparty limits, transactions and risk proposals within delegated authority.
- Partner with trading, sales, credit officers, collateral management and legal teams on counterparty-related matters.
- Contribute to portfolio reviews, risk appetite assessments and the identification of emerging concentrations or vulnerabilities.
- Analyse and escalate material risk issues to senior management and relevant governance forums.
- Support the ongoing development of counterparty risk methodologies, policies, frameworks and reporting.
- Engage with regulatory and internal change initiatives affecting counterparty risk management.
- Provide input into stress testing, exposure modelling and risk framework enhancement across the function.
Qualifications
- Degree educated in a quantitative, financial or related discipline; further professional qualifications are beneficial but not essential.
Required Skills
- Experience in counterparty credit risk / CCR / XVA / trading credit risk within a bank or comparable financial institution.
- Strong product knowledge across multiple asset classes, ideally including commodities.
- Good understanding of derivatives, securities financing transactions, collateralisation and netting agreements.
- Familiarity with key counterparty risk concepts such as PFE, EE, EPE, CVA and wrong-way risk.
- Strong analytical and problem-solving skills, with the ability to interpret complex exposures and communicate key risks clearly.
- Experience engaging confidently with front office and senior stakeholders.
- Knowledge of regulatory expectations relating to counterparty credit risk would be advantageous.
Preferred Skills
- Further professional qualifications are beneficial but not essential.
Pay range and compensation package
- Broad cross-asset coverage in a genuinely diverse counterparty risk role. Exposure to commodities alongside more traditional asset classes. Strong visibility across trading and risk teams. Opportunity to join a well-regarded banking platform with meaningful scope for development at VP level.
Equal Opportunity Statement
We are committed to diversity and inclusivity.
Counterparty Risk VP in Slough employer: Confidential
Contact Detail:
Confidential Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Counterparty Risk VP in Slough
✨Tip Number 1
Network like a pro! Reach out to connections in the finance and risk management sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for those interviews by brushing up on your knowledge of counterparty credit risk concepts. Be ready to discuss your experience with derivatives and trading credit risk. We want you to showcase your analytical skills and how you can communicate complex risks clearly.
✨Tip Number 3
Don’t forget to research the company culture! Understanding the values and mission of the bank can help you tailor your responses during interviews. We’re all about finding the right fit, so show us how you align with our goals.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take the initiative to engage directly with us. Let’s make this happen together!
We think you need these skills to ace Counterparty Risk VP in Slough
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Counterparty Risk VP role. Highlight your experience in counterparty credit risk and any relevant qualifications. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a perfect fit. Don't forget to mention your familiarity with key counterparty risk concepts.
Showcase Your Analytical Skills: Since this role requires strong analytical abilities, make sure to include examples of how you've tackled complex problems in the past. We love seeing how you interpret risks and communicate them effectively!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you're keen on joining our team!
How to prepare for a job interview at Confidential
✨Know Your Stuff
Make sure you brush up on your knowledge of counterparty credit risk and the various asset classes mentioned in the job description. Be ready to discuss concepts like PFE, CVA, and wrong-way risk in detail. This will show that you’re not just familiar with the terms but can apply them practically.
✨Engage with Real Scenarios
Prepare for situational questions by thinking about real-life examples from your past experience. Consider how you've handled risk assessments or collaborated with trading teams. This will help you demonstrate your analytical skills and ability to communicate complex risks effectively.
✨Show Your Collaborative Spirit
Since this role involves partnering with various teams, be ready to talk about your experience working with front office, credit officers, and legal teams. Highlight instances where you successfully navigated cross-functional relationships to achieve a common goal.
✨Stay Updated on Regulations
Familiarise yourself with the latest regulatory expectations regarding counterparty credit risk. Being able to discuss how these regulations impact risk management will show that you’re proactive and knowledgeable about the industry landscape.