Senior Manager, Counterparty Credit Risk

Macquarie Bank Limited; Greater London; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A global financial services group in Greater London is seeking an experienced Senior Manager, Counterparty Credit Risk. The role involves leading efforts in improving and developing counterparty credit risk models while ensuring compliance with regulatory requirements. The ideal candidate will have strong programming skills, excellent stakeholder management, and a solid understanding of financial services environments. Attractive benefits include hybrid working arrangements and a comprehensive wellbeing program.

Benefits

Wellbeing leave day

Paid parental leave

Paid volunteer leave

Salary sacrificing options

Comprehensive medical and life insurance

Employee Assistance Program

Learning and development opportunities

Backup dependent care services

Recognition and service awards

Flexible working arrangements

Reimbursement for work-from-home equipment

Qualifications

• 4-5 years of experience in financial services, preferably in investment banking or trading systems support.
• Strong understanding of economic, regulatory, and market environments in which banks operate.
• Good understanding of numerical methods, stochastic calculus, and probability theory.

Responsibilities

• Lead efforts to improve existing counterparty credit risk models and develop new ones.
• Calibrate risk factor evolution model parameters for newly traded assets.
• Maintain processes to monitor model performance and prepare reports for stakeholders.

Skills

Experience in financial services

Developing/validating counterparty credit risk models

Strong programming skills (R, Python, C++)

Excellent stakeholder management

Ability to communicate effectively in English

Tenacity and flexibility

Job description

Senior Manager, Counterparty Credit Risk

Our Credit Modelling team is responsible for measuring and managing counterparty credit risk exposure within the Commodity Markets and Finance division. As the senior London-based personnel, you will ensure our models' methodologies and tools comply with both internal and regulatory requirements.

At Macquarie, our advantage is bringing together diverse people and empowering them to shape all kinds of possibilities. We are a global financial services group operating in 31 markets and with 56 years of unbroken profitability. You’ll be part of a friendly and supportive team where everyone - no matter what role - contributes ideas and drives outcomes.

What role will you play?

As a Senior Manager in Credit Modelling, you will lead efforts to improve existing counterparty credit risk models and develop new ones. You will calibrate risk factor evolution model parameters for newly traded assets, maintain processes to monitor model performance, and prepare reports for stakeholders. Additionally, you will support the Front Office and Credit Analysts with counterparty credit risk queries and maintain clear communication with senior stakeholders.

What you offer

• 4-5 years of experience in financial services, preferably in investment banking or trading systems support
• Experience developing/validating counterparty credit risk models and a strong understanding of the economic, regulatory, and market environments in which banks operate
• Strong programming skills (R, Python and C++) and a good understanding of numerical methods, stochastic calculus, and probability theory
• Excellent stakeholder management skills and the ability to communicate effectively in English, both verbally and in writing
• Tenacity and flexibility with the ability to work both autonomously and collaboratively, managing priorities simultaneously

We love hearing from anyone inspired to build a better future with us, if you're excited about the role or working at Macquarie we encourage you to apply.

What we offer

At Macquarie, you’re empowered to shape a career that’s rewarding in all the ways that matter most to you. Macquarie employees can access a wide range of benefits which, depending on eligibility criteria, include:

• 1 wellbeing leave day per year and a minimum of 25 days of annual leave.
• 26 weeks’ paid parental leave for primary caregivers along with 12 days of paid transition leave upon return to work and 6 weeks’ paid leave for secondary caregivers.
• Paid fertility leave for those undergoing or supporting fertility treatment.
• 2 days of paid volunteer leave and donation matching.
• Access to a wide range of salary sacrificing options.
• Benefits and initiatives to support your physical, mental and financial wellbeing including comprehensive medical and life insurance cover.
• Access to our Employee Assistance Program, a robust behavioural health network with counselling and coaching services.
• Access to a wide range of learning and development opportunities, including reimbursement for professional membership or subscription.
• Access to company funded emergency and backup dependent care services.
• Recognition and service awards.
• Hybrid and flexible working arrangements, dependent on role.
• Reimbursement for work from home equipment.

About the Risk Management Group

Our Risk Management Group works as an independent, and centralised function, responsible for independent and objective review and challenge, oversight, monitoring and reporting in relation to Macquarie’s material risks. We are a global team that aims to manage the risks of today and anticipate the risks of tomorrow. Our divisions include compliance, credit, financial crime risk, market risk, operational risk, aggregate risk and prudential, and central.

Our commitment to diversity, equity and inclusion

We are committed to providing a working environment that embraces diversity, equity and inclusion. We encourage people from all backgrounds to apply regardless of their identity, including age, disability, neurodiversity, gender (including gender identity or expression), sexual orientation, marriage or civil partnership, pregnancy, parental status, race (including ethnic or national origin), religion or belief, or socio-economic background. We welcome further discussions on how you can feel included and belong at Macquarie as you progress through our recruitment process.
Our aim is to provide reasonable adjustments to individuals as required during the recruitment process and in the course of employment. If you require additional assistance, please let us know during the application process.