Counterparty Credit Risk Job Description
Counterparty credit risk
provides structuring advice for complex/credit intensive bilateral derivatives and other traded products, and helps determine the credit, funding and capital implications/pricing.
Counterparty Credit Risk Duties & Responsibilities
To write an effective counterparty credit risk job description, begin by listing detailed duties, responsibilities and expectations. We have included counterparty credit risk job description templates that you can modify and use.
Sample responsibilities for this position include:
Develop executive reporting, review reports
Lead efforts to improve data quality, data completeness, and data optimization in reporting
Development of methodology and models to capture the bank’s risk to its counterparties
Implementation of models in our in- house simulation engines
Mentoring and managing junior members of the group
The ideal candidate must possess a strong risk and control mindset, be very detailed oriented, have excellent analytical and written/verbal communication skills be able to work under pressure and able to deliver on multiple tight, time sensitive timelines
Coordinating regulatory submissions (with overall responsibility for completeness and quality) IMM permission applications, pre- and post- notifications
Drive governance around model changes or updates, and ensure approval at relevant Risk and Model committees
Work with markets business and CPG to price credit & funding risks of derivatives transactions, develop credit mitigants and appropriate margin and hedging strategies for complex or large derivative transactions
Work with Credit Officers to perform ad-hoc analysis and what-if scenarios, identify and explain key credit risks for new derivative transactions and existing portfolios
Counterparty Credit Risk Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Counterparty Credit Risk
List any licenses or certifications required by the position: CAMS, CRCM, CFA, CPA, CBA, CISA, CIA, DFSS
Education for Counterparty Credit Risk
Typically a job would require a certain level of education.
Employers hiring for the counterparty credit risk job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Mathematics, Engineering, Economics, Statistics, Business, Accounting, Computer Science, Physics, Technical
Skills for Counterparty Credit Risk
Desired skills for counterparty credit risk include:
SQL
VBA
Derivatives and lending products
Financial markets
Traded products
Capital markets products
Basel regulations
Databases and web services
Excel
Exchange-traded products and derivatives
Desired experience for counterparty credit risk includes:
Knowledge of traded credit management for products such as derivatives swaps, forwards, options, repos, securities financing
Strong understanding of Capital Markets, Market Risk and Enterprise Risk Management
Good understanding of financial products markets
On-going upgrade of knowledge, particularly with regards to developments in capital markets instruments, and their administration, is important
Knowledge of SDLC and PMLC methodologies
Working understanding of the operational support systems used to support Enterprise Risk Management and its clients (e.g., Treasury, Capital Markets)
Counterparty Credit Risk Examples
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Counterparty Credit Risk Job Description
Job Description Example
Our company is growing rapidly and is looking for a counterparty credit risk. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for counterparty credit risk
- Support of the existing framework used to override exposures for exotic trades that do not fit into the overall Monte Carlo engine
- Review, test and independently implement counterparty credit risk models (there will be opportunities to work on other types of models over time)
- A strong experience in Risk Change within the Financial Market / Investment Banking industry (other relevant backgrounds Trading, Product Control, Independent Price Verification will also be considered)
- A good understanding of other Market Risk measurement techniques Value at Risk, Risk Not in Value at Risk, Economic Capital, Infrastructure Risk Counter
- A Bachelor’s degree in Economics, Mathematics or other quantitative subject (or equivalent qualification / work experience)
- A Masters degree (or equivalent qualification / work experience) (beneficial)
- A team player, service oriented, able to multi-task, adapt and work well under pressure
- You will lead the development (drafting) and maintenance of market, counterparty credit and liquidity Risk policies / Standing Orders, through the implementation of “best practice" measures with a counterparty credit risk focus, ensuring alignment with business strategies, and risk appetite
- You will assist with the design and maintenance of an effective policy / Standing Order review and approval process, including submission standards, committee mandates (terms of references), approval management and the flow of policy papers through the New Business Committee, Capital Markets Risk Committee, and other relevant committees
- You will assist with the publication onto and maintenance of the GRM-Market, Counterparty Credit and Liquidity Risk Policy the Standing Orders and the Policy and Procedure Library web pages
Qualifications for counterparty credit risk
- At least a Bachelor’s Degree from a well reputed University with focus on technical subjects is an added advantage
- Proactive, dynamic personality
- Experience in large IT development projects, with hands-on involvement in developing functional specifications and conducting user acceptance testing
- Strong understanding of OTC Derivative products and Securities Financing Transaction
- Solid understanding of key risk measures such Potential Future Exposure (PFE) and Credit Valuation Adjustment (CVA) risk measurement concepts, such as Monte Carlo simulations
- Knowledge of SunGard/Adaptiv or front office systems would be an asset
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Counterparty Credit Risk Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of counterparty credit risk. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for counterparty credit risk
- Manage the development of the risk analysis infrastructure and analyse key reporting metrics for concentration risks and material deteriorating trends are highlighted and understood
- Develop new risk analytics to improve risk monitoring effectiveness incorporating trend and concentration analysis
- Design and implement new reports that will assist in the effective management of counterparty credit risk
- Enhance the risk aggregation and analysis tools required for counterparty credit risk
- Review settlement and other operational reports for relevance to counterparty credit risk and highlight deteriorating trends
- Ensure that a robust process for reporting limit breaches in counterparty credit risks is in place
- Ensure engagement and coordination of functional requirements across MR, eg risk managers, methodology , and other key partners of MR, eg Front Office, IT, Operations, Finance (PM/BA)
- Ensure engagement and coordination of functional requirements across the division eg
- Partner with Group Risk Management to understand business strategies and support development activities
- Partner with Risk Architecture to understand, influence and drive forward the technology strategy
Qualifications for counterparty credit risk
- Demonstrated ability to identify and prioritize issues, execute effectively against priorities within agreed timeframes
- Partner with other bank groups to ensure completeness and accuracy of transaction and market data feeds stable and resilient systems for counterparty credit exposure calculations
- Bachelors/Master’s degree in a technical field, Engineering, Computer Science, Mathematics, Statistics
- Solid understanding of IB Products & their markets, Credit and counterparty risk management (A-IRB / IMM models), including regulatory capital models and stress testing
- Understanding of Risk (Basel 3) based regulation pertaining to CADII (Advanced) approved banks
- To be able to work within tight deadlines (to help deliver significant Regulatory deliverables within a set period of time)
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Counterparty Credit Risk Job Description
Job Description Example
Our company is growing rapidly and is looking for a counterparty credit risk. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for counterparty credit risk
- Assist with the design and maintenance of an effective policy / Standing Order review and approval process, including submission standards, committee mandates (terms of references), approval management and the flow of policy papers through the New Business Committee, Capital Markets Risk Committee, and other relevant committees
- Assist with the publication onto and maintenance of the GRM-Market, Counterparty Credit and Liquidity Risk Policy the Standing Orders and the Policy and Procedure Library web pages
- Actively participate in team oriented efforts
- Exposure and risk management of different products including derivatives, repos, fed funds, FX settlement, debt capital market activities including primary originations and secondary loan trading
- Understand the root causes of issues and their impact on exposure management
- Understand how different IT systems are connected to counterparty exposure and risk management
- Create process documentation as needed
- Assist with compliance with regulatory requirements
- Manage regulatory and committee reports
- Underwriting of financial counterparties including banks, broker dealers, insurers, BDCs, hedge funds, asset managers
Qualifications for counterparty credit risk
- At least 2 years of counterparty risk experience analyzing banks, broker/dealers and insurance companies
- 3 years experience with counterparty credit risk management
- Broad understanding and experience with risk management methodologies, preferably in Counterparty Credit Risk
- Graduate studies in a technical field, , mathematical finance, appliedmathematics, statistics, engineering, physics
- Must have experience in Counterparty Credit Risk
- Masters, PhD or equivalent advanced degree in a quantitative discipline
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Counterparty Credit Risk Job Description
Job Description Example
Our company is looking for a counterparty credit risk. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for counterparty credit risk
- Reviewing and challenging the solution architecture and technical design as proposed by Global Technology (GT)
- Collaborating with GT and Change Management teams to move towards a more efficient change delivery process and in particular for test management in a federated / componentised system landscape
- Assuring that the relevant BAU stakeholders / sponsors will work through closing their associated business risks and issues, as raised by internal / external audit, or by regulatory supervisors, or as self-assessed
- Supporting Risk Change Team Management with a training, personal development and growth plan for some members of the team, including business, functional, quantitative, delivery, technical and behavioural skills and subject matter expertise
- Work on the development of a new engine for calculating CVA and FVA
- Architect and develop new highly optimized new engine
- Provide business support for the sensitivity processes
- Liaise with FO, Quants, Market Risk and Valuation Control Groups to understand usage of models within the business context, assess models’ fit-for-purpose for specific portfolios and netting sets and syndicate the findings of model validation
- A qualification in a quantitative discipline such as Mathematics or Finance
- Excellent analytical, presentational, verbal and non-verbal communication skills
Qualifications for counterparty credit risk
- Makes independent ecisions to resolve issues
- Analyse MI/reporting outputs
- Interview stakeholders
- Create the BRD (Business Requirement Documents) for Credit Risk Management (CRM) MI and Reporting, and in turn present these findings to management and stakeholders
- Plan and lead user acceptance testing for new reports and MI tools
- Train CRM staff in how to use the new reports and MI tools
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Counterparty Credit Risk Job Description
Job Description Example
Our company is hiring for a counterparty credit risk. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for counterparty credit risk
- Have knowledge of capital markets products, methodologies, and financial analytics
- Collecting and analyzing counterparty financial statements for evaluation within the firm’s credit policies
- Credit evaluation reports, including quantitative analysis and written qualitative sections
- Daily monitoring of credit exposures in various parts of the company’s businesses, including securities lending, foreign exchange and banking
- Various ad hoc projects, which may entail data analysis or web-based research
- Consult with stakeholders (front office, middle office, back office, credit) to understand the changes
- Mentor and lead junior business analysts to deliver on projects
- Serving as a primary contact to senior department managers for critical change initiatives
- Communicating, influencing and negotiating to obtain or leverage necessary resources
- Identify opportunities for improvements within the CCR systems and processes
Qualifications for counterparty credit risk
- 3yrs + Investment banking experience
- Strong BRD writing skills
- Knowledge of business objects Cognos, Oracle Reports, etc
- Able to prioritise and manage heavy workload
- Minimum 5 years of related working experience in financial institution credit analysis
- Knowledge of derivative pricing and structuring techniques across asset classes