Counterparty Risk Analyst

Barclays UK; Glasgow; On-site; GBP 50,000 - 80,000; Full time

Job summary

An established industry player seeks a Counterparty Risk Analyst to enhance risk measurement and management within their trading book. This role offers the chance to work with financial derivatives and securities financing across various asset classes. You will be responsible for developing risk models, conducting stress tests, and analyzing counterparty exposures. Ideal candidates will possess strong analytical skills, proficiency in SQL and Python, and a solid understanding of risk management practices. Join a dynamic team committed to continuous improvement and excellence in the financial sector.

Qualifications

• Experience in traded product risk management roles.
• Knowledge of pricing and risk management in derivatives.

Responsibilities

• Developing management information for senior management.
• Conducting portfolio risk analysis and stress-testing.
• Calibrating initial margin and collateral requirements.

Skills

Statistical analysis

SQL

Python

Counterparty Credit Risk

Market Risk

Risk management practices

Model development

Regulatory risk capital requirements

Analytical mindset

Effective communication

Education

Degree in Finance

Degree in Engineering

Relevant certifications (FRM, CFA, CQF)

Tools

Bloomberg

Reuters

Job description

Join us as a Counterparty Risk Analyst at Barclays, offering a unique opportunity to contribute to the measurement, control, and management of Counterparty Credit Risks within the trading book. The role involves exposure to financial derivatives and securities financing transactions across all asset classes, with a focus on improving risk models, processes, and frameworks.

Some responsibilities include:

1. Development of management information and presentation of analysis to senior management.
2. Portfolio risk analysis and stress-testing of counterparty risk exposures.
3. Quantitative and qualitative analysis of counterparty risk across market and credit risks.
4. Ad hoc portfolio risk analysis related to market and macroeconomic events.
5. Real-time calibration of initial margin and collateral haircut requirements.
6. Assisting with annual model reviews, model improvements, recalibrations, and impact analysis.
7. Contributing to the continuous improvement of risk systems and tools.

To succeed in this role, you should have experience with:

1. Statistical analysis and programming tools such as SQL and Python.
2. Experience in traded product risk management roles like Counterparty Credit Risk or Market Risk.
3. Knowledge of pricing and risk management practices in derivatives and securities financing.
4. Experience in developing market and credit risk models and methodologies.
5. Understanding of regulatory risk capital requirements, models, and metrics.
6. Awareness of developments in global capital markets, with experience using Bloomberg, Reuters, etc.
7. Effective communication skills, analytical mindset, and attention to detail.
8. Curiosity and ability to critically assess and improve systems and processes.

Valued additional skills include:

1. Strong track record in market or counterparty credit risk management within leading financial institutions.
2. Degree in Finance, Engineering, or similar quantitative field, potentially at Masters level.
3. Relevant certifications such as FRM, CFA, CQF.

The role may involve assessment on key skills like risk and controls, change management, business acumen, strategic thinking, and technical expertise.

Location: Glasgow

Purpose of the role: To assess, monitor, and manage potential financial losses from counterparty defaults.

Accountabilities include:

1. Monitoring exposure across product lines and asset classes.
2. Analyzing financial condition and creditworthiness of counterparties.
3. Developing credit scoring models.
4. Conducting stress tests for default impacts.
5. Managing collateral agreements to mitigate losses.

Expectations for Analysts include:

1. Performing activities timely and to high standards, driving continuous improvement.
2. Possessing in-depth technical knowledge and guiding team development.
3. Leading or contributing technically, influencing related teams, and partnering across functions.
4. Taking responsibility for operational outcomes and risk management.
5. Embedding policies, escalating breaches, and maintaining regulatory compliance.
6. Building understanding of organizational products and processes.
7. Making evaluative judgments, resolving problems, and communicating effectively.
8. Acting as stakeholder contact and expanding networks.

All colleagues are expected to embody Barclays' values—Respect, Integrity, Service, Excellence, Stewardship—and the Barclays Mindset—Empower, Challenge, Drive.