Counterparty Credit Risk Officer

Natixis; London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading financial institution in London is seeking a Counterparty Credit Risk Analyst to perform risk analysis on derivatives and assist in policy development. Candidates should have at least 2 years of experience in risk monitoring and a degree in Finance, Mathematics, or Engineering. The role requires strong analytical skills and knowledge of financial instruments.

Qualifications

• At least 2 years of experience in risk monitoring.
• Good knowledge of financial instruments and derivatives.
• Strong analytical skills with large datasets.

Responsibilities

• Perform counterparty risk analysis on derivatives portfolio.
• Assist in explaining variations and breach limits.
• Review and contribute to counterparty risk policies.

Skills

Risk monitoring or management experience

Knowledge of financial instruments and derivatives

Familiarity with sensitivities, VaR, stress tests

Strong analytical skills

Proficiency in programming (VBA, Python)

Education

Degree in Finance, Mathematics or Engineering

Job description

Job Description

Job Scope

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. The analyst will liaise with stakeholders including Global Market, Risk Departments, Legal, BO, and IT, both locally and worldwide.

Main Responsibilities:

• Perform counterparty risk analysis on the derivatives portfolio across various asset classes (FX, Interest rates, equities, commodities, and credit) and sectors (banks, corporates, funds). Identify any concentrations.
• Assist the Front Office by explaining variations and breach limits, perform initial investigations to identify potential issues, and escalate when necessary.
• Estimate and recommend appropriate trading limits, considering transaction specifics, global risk assessment, and risk appetite/mandate.
• Review and contribute to the development of counterparty risk policies and procedures.
• Participate in enhancement projects, contribute to continuous improvements, and develop proof-of-concept tools when appropriate.
• Assist in preparing risk committee reports, and reports for regulators and auditors.

Required Skills/Qualifications/Experience

Skills:

• At least 2 years of experience in risk monitoring or management.
• Good knowledge of financial instruments, derivatives, repos, and market/counterparty risk.
• Familiarity with sensitivities, VaR, stress tests, PFE, EAD, EEPE, RWA, xVA.
• Understanding of legal documents such as ISDA, CSA, GMRA, GMSLA.
• Strong analytical skills with the ability to handle large datasets.
• Excellent organizational, communication, and interpersonal skills.
• Proficiency in programming (VBA, Python) and database knowledge is advantageous.
• Knowledge of UK and European regulatory requirements is a plus but not mandatory.

Qualifications:

• Degree in Finance, Mathematics/Applied Mathematics, or Engineering.