Counterparty Credit Risk Officer
City of London
Permanent
£70,000 - £90,000
cer Financial are working alongside an investment bank who are based in the City of London. They are seeking a Counterparty Credit Risk Officer to work with them on a permanent basis.
The responsibilities of a Counterparty Credit Risk Officer will include:
- Perform counterparty risk analysis on the derivatives portfolio cross assets (Fx, Interest rates, equities, commodities and credit), on all counterparties sectors (banks, corporates, funds…), identify any concentration
- Assist the FO by explaining variation and breach limits, perform first level investigation to identify potential issues and raise them to proper teams
- Participate in estimating and recommending appropriate trading limits taking into account notably transactions specificities, global risk assessment and risk appetite/mandate
- Contribute to reviewing the Counterparty Risk policies and procedures
- Take part in enhancements projects, act for continuous improvements, when appropriate build POC tools
- Contribute to the preparation of risk committees, and reports for regulators and audit
The successful Counterparty Credit Risk Officer will have:
- At least 2 years of experience related to risk monitoring/management
- Good knowledge on financial instruments derivatives and repo, and on market and/or counterparty risk
- Familiar with sensitivities, VaR, stress tests, PFE, EAD, EEPE, RWA, xVA
- Understanding of legal documents (ISDA, CSA, GMRA, GMSLA…)
- Good programming skills (VBA, Python…) and knowledge in databases are a strong advantage
- Knowledge of UK and European regulatory requirements are a plus but not necessary
- Degree in Finance, Math/Applied Math or Engineering