Counterparty Credit Risk Officer

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