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- Tasks: Analyse counterparty risk in derivatives across various assets and sectors.
- Company: Join a leading financial institution focused on innovative risk management solutions.
- Benefits: Enjoy flexible working options, competitive salary, and professional development opportunities.
- Why this job: Be part of a dynamic team driving continuous improvement in risk management.
- Qualifications: 2+ years in risk management, strong analytical skills, and a relevant degree required.
- Other info: Programming skills in VBA or Python are a plus; knowledge of regulations is beneficial.
The predicted salary is between 43200 - 72000 £ per year.
Responsibilities:
- Perform counterparty risk analysis on the derivatives portfolio across assets (FX, Interest rates, equities, commodities, and credit), covering all counterparty sectors (banks, corporates, funds, etc.), and identify any concentrations.
- Assist the Front Office by explaining variation and breach limits, perform first-level investigations to identify potential issues, and escalate them to the appropriate teams.
- Participate in estimating and recommending appropriate trading limits, considering transaction specifics, global risk assessment, and risk appetite/mandate.
- Contribute to reviewing the Counterparty Risk policies and procedures.
- Engage in enhancement projects, advocate for continuous improvements, and develop proof-of-concept tools when appropriate.
- Assist in preparing risk committee reports, and reports for regulators and auditors.
Profile and Skills Required:
- At least 2 years of experience in risk monitoring/management.
- Good knowledge of financial instruments, derivatives, repos, and market/counterparty risk.
- Familiar with sensitivities, VaR, stress tests, PFE, EAD, EEPE, RWA, xVA.
- Understanding of legal documents (ISDA, CSA, GMRA, GMSLA, etc.).
- Strong analytical skills with the ability to handle large data sets.
- Good 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.
- Degree in Finance, Math/Applied Math, or Engineering.
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Counterparty Credit Risk Officer employer: Groupe BPCE
Contact Detail:
Groupe BPCE Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Counterparty Credit Risk Officer
✨Tip Number 1
Familiarise yourself with the key financial instruments and derivatives mentioned in the job description. Understanding FX, interest rates, and other asset classes will help you speak confidently about your knowledge during interviews.
✨Tip Number 2
Brush up on your analytical skills by working with large data sets. Consider using tools like Excel or programming languages such as Python to demonstrate your ability to analyse and interpret complex data effectively.
✨Tip Number 3
Engage with current trends and regulations in counterparty credit risk. Being knowledgeable about UK and European regulatory requirements can set you apart and show your commitment to staying informed in the field.
✨Tip Number 4
Network with professionals in the industry, especially those who work in risk management. Attend relevant events or join online forums to gain insights and potentially get referrals that could lead to an interview.
We think you need these skills to ace Counterparty Credit Risk Officer
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 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 analytical skills and experience with large data sets, as well as your familiarity with legal documents like ISDA and CSA.
Showcase Technical Skills: If you have programming skills in VBA or Python, make sure to include examples of how you've used these in previous roles. Highlight any projects where you developed tools or contributed to enhancements in risk assessment.
Prepare for Potential Questions: Think about how you would explain complex concepts like VaR, stress tests, and PFE during an interview. Be ready to discuss your approach to risk analysis and how you would handle specific scenarios related to counterparty risk.
How to prepare for a job interview at Groupe BPCE
✨Know Your Financial Instruments
Make sure you have a solid understanding of financial instruments, especially derivatives. Be prepared to discuss how they work and their associated risks, as this will likely come up during the interview.
✨Demonstrate Analytical Skills
Prepare to showcase your analytical skills by discussing past experiences where you've handled large data sets or performed risk assessments. Use specific examples to illustrate your problem-solving abilities.
✨Familiarise Yourself with Regulatory Requirements
Even if knowledge of UK and European regulatory requirements isn't mandatory, having a basic understanding can set you apart. Brush up on key regulations that impact counterparty credit risk to show your commitment to compliance.
✨Practice Communication and Interpersonal Skills
Since the role involves assisting the Front Office and preparing reports for various stakeholders, practice articulating complex concepts clearly and concisely. Good communication can demonstrate your ability to work well with others.
