Risk Analyst

Monex Europa S.L; Madrid; Presencial; EUR 40.000 - 60.000; Jornada completa

Descripción de la vacante

Monex Europe S.L in Madrid is seeking a Risk Analyst to support regulatory reporting and counterparty risk management. You will help deliver timely risk reports, assess creditworthiness of counterparties, and monitor margin requirements in collaboration with Front Office and Risk teams across regions.

The ideal candidate has 2–4 years in risk management, strong Excel and VBA skills, and fluency in Spanish and English.

Formación

• 2-4 years of experience in Risk Management, Credit Risk, Counterparty Risk, Regulatory Reporting, or a related risk function within a bank, financial institution, broker, or fintech.
• Proven knowledge and experience in derivatives, esp ec ify?
• Demonstrable experience working in a regulatory risk reporting and credit risk analytics role in either a private bank or a retail bank.
• Strong technical skills, including VBA and Excel.
• Proven experience in analysing credit risk portfolios.
• Ability to work in a dynamic business and demonstrable experience of working on several projects simultaneously.
• Strong analytical skills and the ability to deal with large data sets.
• Fluency in both Spanish and English.

Responsabilidades

• Providing assistance and support to the Risk team in any risk related matters, such as counterparty risk and margin management.
• Preparing risk reports, collateral agreements, ISDAs, and other regulatory documents.
• Monitoring counterparty risk exposures, including Mark to Market calculations and risk limits.
• Tracking margin calls and the group’s exposure concentrations.
• Collaborating with Front Office and Risk teams across borders to address risk matters.

Conocimientos

Risk management

Credit risk

Counterparty risk

Regulatory reporting

Derivatives

VBA

Excel

English

Spanish

Herramientas

VBA

Excel

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 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

Providing assistance and support to the Risk team in any risk related matters, such as: Counterparties and making recommendations in line with best practice and the group’s risk appetite. 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. Preparing margin facility proposals for consideration by the client and management. Assisting with the preparation of any risk related report, including collateral agreements, ISDAs, guarantee agreements, etc. Monitoring counterparty risk exposures, such as: Calculating 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

2-4 years of experience in Risk Management, Credit Risk, Counterparty Risk, Regulatory Reporting, or a related risk function within a bank, financial institution, broker, or fintech. Proven knowledge and experience in derivatives, especifically options and other structured products; Demonstrable experience working in a regulatory risk reporting and credit risk analytics role in either a private bank or a retail bank; Strong technical skills, including VBA and Excel; Proven experience in analysing credit risk portfolios; Ability to work in a dynamic business and demonstrable experience of working on several projects simultaneously; Strong analytical skills and the ability to deal with large data sets; Strong communication skills (both verbal and written). 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! At Monex, we do our very best every day to ensure that we take good care of our people, as our biggest asset is our highly driven and focused Talent Culture. We strive to continuously enable our people to develop their full potential by offering the necessary tools and support to empower our people to develop professionally and to take the next step in their career here at Monex. Teamwork is a paramount part of our Talent Culture as we achieve more when we collaborate and all work together. We take pride in our familial culture with colleagues who are willing to go the extra mile for one another. We foster a culture of Health and Wellness, encouraging our colleagues to pursue healthy habits and promoting healthy lifestyles.