Counterparty Credit Risk Officer

Natixis NY Branch; London; On-site; GBP 45,000 - 75,000; Full time

Job summary

An established industry player seeks a Counterparty Credit Risk Analyst to enhance their local risk framework. This role involves monitoring exposures under various conditions, performing risk analysis on diverse financial instruments, and collaborating with multiple stakeholders. The ideal candidate will possess strong analytical abilities, programming skills, and a solid understanding of financial derivatives and risk management. This position offers a unique opportunity to contribute to continuous improvements and participate in significant risk projects, making a meaningful impact in a dynamic environment.

Qualifications

• 2+ years of experience in risk monitoring/management.
• Strong analytical skills and programming knowledge are advantageous.

Responsibilities

• Analyze counterparty risk across derivatives portfolios.
• Prepare reports for risk committees and regulators.

Skills

Risk Monitoring

Financial Instruments Knowledge

Analytical Skills

Programming (VBA, Python)

Communication Skills

Organizational Skills

Education

Degree in Finance

Degree in Math/Applied Math

Degree in Engineering

Tools

Databases

Job description

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/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…)
Strong analytical skills with the ability to deal with large amount of data
Good organizational, communication and interpersonal skills
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