Job Description
Reporting to the CRO, the Participation and Credit Risk (PCr) department is responsible for establishing the requirements for identifying, assessing, managing, monitoring and reporting participant risk at the firm, including calculation and adjustment of aggregate short position limits and the assessment of compliance with initial onboarding requirements as well as on-going participation eligibility for direct service participants, currencies, and liquidity providers, (i.e., financial institutions with whom enters into and maintains liquidity facilities). The firm is exposed to modest residual credit risk from each settlement member to the extent that they incur a short position in one or more eligible currencies.
The position will work closely with diverse managers across all 3LODs at the Group to
1. Develop and maintain statistical and econometric risk models such as indicators of sovereign credit risk and measures of settlement member financial and operational resilience.
2. Identify and monitor emerging economic risks/vulnerabilities in the jurisdictions that firm operates in, as well as the global macro-financial environment.
3. Perform analyses and prepare reports that summarize and highlight key economic, financial, and geopolitical risks, for senior management
4. Collaborate with Technology to develop the appropriate risk infrastructure to house...