Manager, Credit Risk

Intercontinental Exchange Holdings, Inc.; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Credit Risk Manager to join their Risk Oversight Department. This pivotal role involves managing counterparty risk, producing detailed credit risk reviews, and collaborating with internal teams to enhance risk management processes. The ideal candidate will have a strong background in finance, analytical skills, and experience in credit risk management. Join a dynamic team dedicated to maintaining the integrity of financial operations while ensuring compliance and delivering timely insights. This position offers an exciting opportunity to influence risk strategies in a fast-paced environment.

Qualifications

• Bachelor’s or Master’s degree in finance or related field required.
• Experience in credit risk management or analytical roles essential.

Responsibilities

• Oversee production of risk reports for stakeholders.
• Conduct counterparty credit risk reviews and onboarding processes.

Skills

Credit Risk Management

Financial Analysis

Quantitative Analysis

Communication Skills

Problem Solving

Education

Bachelor's Degree in Finance

Master's Degree in Finance

Tools

SQL

Tableau

Excel

Job description

Job Description

Job Purpose

The Credit Risk Manager is part of the Risk Oversight Department within the second line of defense with specific responsibilities within ICEU. The candidate will be a key member of the team responsible for counterparty risk management, including carrying out all aspects of the day-to-day risk management duties and assisting in developing and implementing enhancements to the risk management tools, models, and processes. The clearing house faces different types of companies as counterparties due to being members or clients in the clearing activity or as providers of treasury services. These include banks, corporates, brokers, and futures commission merchants among others.

The Risk Oversight Department of ICE Clear Europe (ICEU) is the independent, second line of defense risk function that develops and manages the framework for identifying, assessing and reporting risks, and performs independent model validation. The department comprises an Enterprise Risk Management, Credit Risk Management and a Model Risk Management team and covers all risks faced by the clearing house, including model risk, conditional market risk, credit, liquidity, investment and operational risks.

Responsibilities

• Oversight of production of daily and periodic risk reports/dashboards for committees and other internal and external stakeholders.
• Produce detailed counterparty credit risk reviews based on quantitative and qualitative analysis and deliver recommendations for credit risk management with counterparties.
• Conduct counterparty onboarding process against the clearing membership or counterparty eligibility criteria.
• Understand the internal credit scoring risk drivers including market driven data and analysis of financial statements and accounts.
• Meet with external counterparties to conduct credit reviews, keep up to date with ongoing business development and deal with topical issues.
• Prepare and present materials and agenda for the credit review meetings.
• Monitor metrics and events through daily news and data sources, by running quantitative models and internally developed tools; explaining incidents or exceptions supported by facts. Close technical discussions with the quantitative team.
• Ensure disciplined compliance with rules, policies and procedures, with clear understanding of the requirements in the scope of the processes within the Credit team.
• Assist in fulfilling requests for information and due diligences from auditors, the second line department and regulators among others.
• Contribute to the development or improvement of tools, models and processes through testing, implementation and at times providing input through the development project.

Knowledge and Experience

• Bachelor’s, Master’s or other advanced degree in finance or mathematical or related discipline
• Experience in Financial Services Credit Risk Management or another analytical role.
• Advanced knowledge and understanding of financial statement components and the ability to identify key risk within these statements.
• Understanding of key market indicators such as Credit Default Swaps (“CDS”) and shares.
• Experience working with credit risk models.
• Knowledge of the financial markets, financial market infrastructure and regulatory environment
• Analytical mind with attention to detail; delivers accurate and timely results.
• Pragmatic problem solver, able to manage time and priorities.
• Credibility and communication skills to deal with senior management and business heads.
• Intermediate excel; Desirable skills include SQL and Tableau.
• Experience in a Clearing House or the Clearing business is preferred, but not essential.