Junior Risk Analyst

Monex Global; Madrid; Presencial; EUR 28.000 - 38.000; Jornada completa

Descripción de la vacante

Monex Global in Madrid is seeking a Junior Risk Analyst to join the Risk Department and support regulatory reporting and counterparty risk management for FX activities.

You will assist with risk reporting, monitor exposures, and help assess counterparty credit worthiness while collaborating with FO and Risk teams across borders.

The role requires 1-3 years in Credit Risk or related fields, strong Excel skills, and fluency in Spanish and English.

Formación

• 1-3 years of experience in Credit Risk or related analytical role.
• Strong understanding of financial statements, ratios and risk assessment.
• Fluency in Spanish and English, with clear written and verbal communication.

Responsabilidades

• Conduct financial analyses of counterparties and provide risk-based recommendations.
• Assess hedging objectives and ensure alignment with client risk profiles.
• Monitor margins, exposures and credit limits; prepare risk reports.
• Support collateral matters, ISDAs and documentation as needed.

Conocimientos

Credit Risk

Financial Analysis

Excel

Bilingual EN/ES

Herramientas

SQL

Python

Power BI

Tableau

VBA

Descripción del empleo

We are Monex, a specialist in commercial foreign exchange. We offer a range of FX services aimed at corporate and institutional clients to manage foreign exchange exposure and international payments. Our team of experts provides personalized and proactive service, helping clients execute thoughtful FX strategies tailored to their specific business needs.

As part of the Monex SAB de CV financial group, we support over 70,200 clients worldwide, offering local expertise in various regions including the UK, Luxembourg, Canada, and Singapore. Our goal is to empower clients to make better-informed business decisions in a fast-moving and volatile market.

Department Overview

Risk management refers to a ‘coordinated application of resources to minimise, monitor, and control the probability and/ or impact of unfortunate events or to maximise the realisation of opportunities (ISO 31000).

The Risk Department is tasked to establish, implement and maintain risk management policies and procedures that are effective in managing the risk exposure of Monex Europe. The aim is to maintain Monex Europe’s risk profile within the risk appetite while allowing the group to pursue its goals. The department facilitates the implementation of the risk management framework that governs the risk-taking activities of Monex Europe.

Job Overview

As a member of the risk team, the Junior Risk Analyst is responsible for assisting both: the regulatory reporting and the counterparty risk team to manage the counterparty risk exposure of the business and ensure the correct regulatory reporting delivery. The role involves elaboration of regulatory and monitoring reports as well as assessing the creditworthiness of counterparties, provide information to FO and Risk regarding the collateral of the clients, monitoring risk indicators, exposures, limits, and reviewing the credit quality of Monex Europe’s counterparties on a portfolio basis.

Key Responsibilities & Accountabilities

• Conducting financial analysis of the Group’s counterparties and providing recommendations in line with industry best practices and the Group’s risk appetite.
• Assessing clients’ hedging objectives, analysing current and projected hedging requirements, and ensuring these remain aligned with the client’s financial capacity and risk profile.
• Managing multiple margin requests in a timely and effective fashion, producing well-researched and accurate credit reports, and working directly with colleagues across business units and across borders to address credit requests and issues.
• Assisting with the preparation of any risk related report, including collateral agreements, ISDAs, guarantee agreements, etc.

Monitoring Counterparty Risk Exposures, Such As

• Monitoring and calculating, if needed, the Mark to Market value of an open position.
• Ensuring that the credit risk exposure of a client is within the risk limits.
• Monitoring and reporting a client’s initial margin and variation margin position.
• Monitoring and reporting the exposure concentration of the group’s margin term portfolio.

General Risk-related Responsibilities, Such As

• Monitoring the progress of a margin call.
• Understanding the risk policy framework in the context of the group’s overall risk appetite.
• Producing risk analysis and risk information reports for the management ‘s review.
• Creating and implementing rules and ideas in raising the risk management
• standard of the business and raising the front office’s risk awareness.

Business Knowledge / Technical Skills

• 1-3 years of experience in a Credit Risk, Financial Analysis, Banking, Treasury, Finance, or related analytical role.
• Strong understanding of financial statements, key financial ratios, corporate structures, and industry analysis to assess creditworthiness.
• Strong attention to detail and ability to work effectively under pressure while managing multiple priorities.
• Proficient in Microsoft Excel and other Microsoft Office applications.
• Good written and verbal communication skills, with the ability to present findings clearly and concisely.
• Ability to work to tight deadlines and to prioritize accordingly;
• Basic knowledge of FX products, including FX Forwards, Non-Deliverable Forwards (NDFs), and FX Options.

Desirable

• Knowledge of counterparty credit risk and credit assessment methodologies.
• Experience analysing corporate financial statements and preparing credit recommendations.
• Familiarity with collateral management, margining processes, ISDA documentation, and guarantee agreements.
• Experience monitoring or analysing credit risk portfolios.
• Knowledge of SQL for data extraction and analysis.
• Experience with Python, VBA, Power BI, Tableau, or other reporting and automation tools.

Languages

• Fluency in both Spanish and English.

If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!