Location
London

Hours
Full Time

Salary
Competitive, commensurate with experience

About the Role
Be part of a team that plays a critical role in managing counterparty credit risk across global markets. You will work on exposure measurement, margin methodologies, and risk insights that directly impact business decisions. The role offers exposure to complex products and collaboration with stakeholders across Front Office, Credit, and Technology. You will contribute to enhancing risk frameworks and shaping how emerging risks are understood. This is an opportunity to develop deep expertise in counterparty risk within a dynamic environment.

As a Counterparty Credit Risk Associate in the Counterparty Credit Coverage team, you will work closely with Credit Officers, Front Office, and Sales to assess client-level exposures and determine appropriate execution limits. You will maintain oversight of portfolio exposure by monitoring and escalating concentrated exposures, liquidity, and market risks. You will contribute to exposure methodologies, margin frameworks, and risk investigations, supporting informed decision-making across the business.

Key responsibilities include:
- Keeping abreast of industry initiatives around margin methodologies, providing insights on impact and enhancing transparency around emerging risks
- Providing independent advice on counterparty credit exposure for new deals with complex structures, including explaining and challenging calculations by the first line of defense
- Acting as subject matter expert on counterparty credit exposure and risks, providing guidance on methodology releases, model limitations, and policy updates
- Collaborating with Quantitative Research, Technology, Credit Officers, and stakeholders to review and enhance exposure methodologies and tools
- Partnering with Sales and Trading on development and rollout of counterparty credit exposure frameworks for new products or structures
- Delivering on regulatory and audit matters as required
- Managing and contributing to firm-wide projects related to counterparty credit exposure metrics and technical enhancements

Experience
- Bachelor's degree in Financial Engineering, Mathematics, Physics, Statistics, Engineering, Finance, and/or Economics
- Experience in a risk, trading, valuation control, or quantitative research role, partnering with Front Office
- Proficiency in MS Excel and familiarity with Bloomberg
- Proficiency in coding (Python); experience with automation solutions such as Tableau and Alteryx
- Strong written and verbal communication skills, with ability to explain technical concepts to non-specialists
- Ability to adapt communication style to different audiences and challenge appropriately
- Strong accountability and ownership, with a risk mindset and confidence to articulate and challenge risk judgments

Preferred Qualifications
- Experience in Market and/or Counterparty Credit Risk, particularly in margin, collateral, or exposure metrics
- Knowledge of traded products, including derivatives across asset classes, securities, and financing
- Working knowledge of internal systems and infrastructure is an advantage

About You
You are a proactive professional with a strong analytical mindset and a passion for risk management. You thrive in a collaborative environment and are confident in challenging assumptions and driving improvements. You value diversity and inclusion and are committed to upholding the highest standards of integrity and professionalism.