Senior Credit Risk Analyst Full Time

Elgin Shaw

Senior Credit Risk Analyst

This is an exceptional opportunity for a skilled professional to join a dynamic team and contribute to the organisations credit risk management framework.

The company is based in the City of London and cash management turnover is in excess of £7 trillion a year.

This is a senior key role within the Risk Management team where you will have the opportunity to deputise for the Credit & Market Risk Manager on occasion.

The main purpose of this role is to complete credit reviews relating to the trading counterparties (eg pension funds, banks, money market funds, central clearing counterparties, brokers). This will also involve setting credit limits for dealing activity across financial markets and to help identify improvements to existing risk policies and processes where possible.

You will be required to use your own initiative to formulate proposals by researching all risk aspects relevant to the subject, which will be presented at the Risk Committee attended by Senior Management.

Key Responsibilities:

• Credit Analysis and due diligence on new and existing counterparties: pension funds, banks, money market funds, central clearing counterparties, brokers, trading platforms and occasionally commercial suppliers.
• Writing credit proposals for trading limits to support cash management activities in financial markets, which will be presented to the credit & market risk committee.
• Manage onboarding of new counterparties including liaising with legal colleagues regarding negotiation of risk aspects of GMRA and ISDA agreements.
• Monitoring and reporting on credit conditions and market developments affecting the organisation and its counterparties.
• Identification of risks and necessary policy changes for new counterparty types or products
• Identifying risk policy, process, control or system improvements.
• Maintaining positive regular dialogue with key internal stakeholders (eg. Senior managers, Front Office staff, risk team members) to discuss relevant issues, inform on progress and confirm priorities.
• Support the risk aspects of projects and initiatives.
• Some knowledge of market risk and good Excel proficiency would be an advantage, but training can be provided.

Experience and Technical Skills:

You need-

• Deep experience of credit analysis of a range of counterparty types
• A sound understanding of credit worthiness with at least one of the following; pension funds, banks, central counterparties and broking firms.
• Deep experience of producing analysis-based credit limit proposals for submission and/or presentation for risk committee approval.
• A good understanding of the credit risks inherent in traded products such as repo, FX swaps, certificates of deposit.
• Excellent oral and written communication skills in order to carry out presentations and deal positively with internal and external stakeholders (eg senior managers, dealers, and market counterparties) in a confident, well-reasoned manner.

Salary is £75k base plus 27% Pension contribution from organisation (£20,250) plus 12% Bonus (total package in excess of £104k)

Benefits include.

– An annual leave allowance of 27.5 days plus paid bank holidays.

– Pension contribution from organisation of 27%

– Subsidised gym membership

– Interest free season ticket loan

– Family friendly HR policies including paid maternity, paternity and adoption leave

– A working culture which encourages inclusion and diversity

– Professional Qualifications, Training & Development

– The company provides financial support to employees undertaking professional qualifications, skills training and development that are relevant to the role. They will also pay individual subscriptions to professional bodies.

This is a hybrid role with 2/3 days in the office in Central London.