At a Glance
- Tasks: Lead counterparty credit risk assessments and enhance exposure methodologies.
- Company: Join a leading bank with a focus on innovative risk management.
- Benefits: Generous pension, performance bonuses, share schemes, and 30 days' holiday.
- Other info: Dynamic role with excellent career growth and wellbeing initiatives.
- Why this job: Make a real impact in financial risk management and drive strategic decisions.
- Qualifications: 5+ years in Market/Credit Risk, strong analytical skills, and relevant degree.
The predicted salary is between 70000 - 90000 £ per year.
The Counterparty Credit Risk (CCR) Team is responsible for the end‑to‑end oversight, governance, and strategic development of the Bank’s traded counterparty credit risk framework. This includes independent risk assessment, exposure management, stress testing, regulatory compliance, and active engagement with 1st Line of Defence, Chief Credit Office, Risk Platforms IT, Quantitative Research, and Model Risk teams to optimise risk‑return outcomes.
Responsibilities
- Act as the key bridge between Market Risk and Credit Risk, proactively leading CCR input into counterparty credit assessments and driving the use of exposure analytics and forward‑looking risk views in credit decision‑making.
- Act as a Primary Model User, taking ownership for driving enhancements to CCR exposure methodologies, including Potential Future Exposure, Expected Exposure, and Wrong‑Way Risk identification.
- Proactively monitor and assess the effectiveness of the LBG collateral management framework, including Initial Margin and Variation Margin eligibility, concentration limits, contractual haircuts, and drive improvements where required.
- Proactively identify and implement actions to reduce exposure (e.g. netting, compression, hedging strategies).
- Proactively monitor and drive enhancements to the CCR risk appetite, including counterparty limits, stress limits and utilisation metrics (across both collateralised and uncollateralised exposures).
- Take ownership of the execution of the CCR stress testing framework, including designing and running market shocks (rates, FX, inflation), counterparty default scenarios, and correlated market‑counterparty stress, quantifying impacts on exposures and driving management actions (limit adjustments, hedging, de‑risking).
- Own the day‑to‑day execution of the CCR exception control process, ensuring exposures remain within credit appetite and policy limits, with proactive escalation and remediation of breaches.
- Proactively monitor traded counterparty exposures against limits, identifying, investigating and escalating excesses and control breaches, and driving timely resolution.
- Lead the production of analysis and insights on counterparty exposures, concentrations and stress sensitivities, actively informing credit decisions and portfolio risk management actions.
- Maintain a strong understanding of CCR regulatory frameworks (e.g. SA‑CCR, Basel/CRR), ensuring alignment between internal methodologies and regulatory capital requirements and proactively identifying enhancement opportunities.
- Partner with Risk, Quantitative Research and Technology teams to drive and implement CCR model enhancements and system improvements.
- Actively contribute to CCR governance processes and forums, providing robust challenge and influencing risk oversight and decision‑making.
- Play a key role in the governance and business management of the wider Financial Institutions and Corporates Credit Teams, contributing to strategic objectives and risk management priorities.
Skills
- Minimum of 5 years Market / Counterparty Credit Risk experience.
- Strong understanding of traded products (interest rate, FX, credit and securities financing transactions) and how they drive counterparty credit exposures, collateral requirements and margining.
- Demonstrated ability to interpret risk, challenge assumptions, and translate analytics into credit decisions.
- Degree in an economic, financial or quantitative discipline, or equivalent professional qualification.
- Excellent written and verbal communication skills, with the ability to communicate complex technical concepts to a broad audience.
- Proactive and delivery‑focused, with a strong sense of ownership and ability to drive tasks end‑to‑end.
- Strong analytical and attention to detail skills, particularly in extracting and transforming large datasets.
- Experience with Power BI, Python and/or SQL is advantageous.
- Strong stakeholder management skills, with the ability to influence, challenge and engage effectively with Front Office and senior stakeholders.
Benefits
- A generous pension contribution of up to 15%.
- An annual performance‑related bonus.
- Share schemes including free shares.
- Benefits you can adapt to your lifestyle, such as discounted shopping.
- 30 Days' holiday, with bank holidays on top.
- A range of wellbeing initiatives and generous parental leave policies.
Counterparty Credit Risk Manager - Market Risk in Birmingham employer: LLOYDS BANKING GROUP
As a leading financial institution, we pride ourselves on fostering a dynamic and inclusive work environment that empowers our employees to thrive. With a strong focus on professional development, our Counterparty Credit Risk Manager role offers opportunities for growth through collaboration with diverse teams and engagement in strategic risk management initiatives. Located in a vibrant city, we provide competitive benefits, including a generous pension scheme, performance-related bonuses, and a commitment to employee wellbeing, making us an exceptional employer for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Counterparty Credit Risk Manager - Market Risk in Birmingham
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like LLOYDS BANKING GROUP. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Counterparty Credit Risk Manager - Market Risk in Birmingham
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to LLOYDS BANKING GROUP.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on LLOYDS BANKING GROUP's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at LLOYDS BANKING GROUP
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with LLOYDS BANKING GROUP.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at LLOYDS BANKING GROUP will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former LLOYDS BANKING GROUP employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
