Responsibilities:
* Perform counterparty risk analysis on the derivatives portfolio across various asset classes (FX, Interest Rates, Equities, Commodities, and Credit), covering all counterparty sectors (banks, corporates, funds, etc.), and identify any concentration risks.
* Assist the Front Office by explaining variation and breach limits, conducting initial investigations to identify potential issues, and escalating them to the appropriate teams.
* Participate in estimating and recommending appropriate trading limits, considering transaction specifics, global risk assessments, and risk appetite/mandate.
* Contribute to reviewing the Counterparty Risk policies and procedures.
* Engage in enhancement projects, support continuous improvement initiatives, and develop proof-of-concept tools when appropriate.
* Assist in preparing risk committee reports, and reports for regulators and audits.
Profile and Skills Required:
* At least 2 years of experience in risk monitoring/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 data sets.
* Good organizational, communication, and interpersonal skills.
* Proficiency in programming (VBA, Python) and database knowledge is a strong advantage.
* Knowledge of UK and European regulatory requirements is a plus but not mandatory.
* Degree in Finance, Math/Applied Math, or Engineering.
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