Within the UK Risk Department, the Counterparty Credit Risk (CCR) Analyst will monitor and explain exposures under normal and stressed conditions, and contribute to enhancing the local risk framework, liaising with all the stakeholders particularly Global Market, Risk Departments, Legal, BO and IT, locally but also worldwide
Main Responsibilities:
- 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
Required Skills/Qualifications/Experience
Required Skills:
At least 2 years of experience related to risk monitoring/managementGood knowledge on financial instruments derivatives and repo, and on market and/or counterparty riskFamiliar with sensitivities, VaR, stress tests, PFE, EAD, EEPE, RWA, xVAUnderstanding of legal documents (ISDA, CSA, GMRA, GMSLA…)Strong analytical skills with the ability to deal with large amount of dataGood organizational, communication and interpersonal skillsGood programming skills (VBA, Python…) and knowledge in databases are a strong advantageKnowledge of UK and European regulatory requirements are a plus but not necessaryDegree in Finance, Math/Applied Math or Engineering
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