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Manager (Credit Risk), Financial Risk

Information About This Job

Job Title: Manager (Credit Risk), Financial Risk
Contract Type: Permanent
Location: London
Industry:
Salary: £75,000 base
Contact Name: Adam Small
Contact Email: asmall@lawsonchase.com
Job Published: 15 days ago

Job Description

A leading investment management firm in London is looking to appoint an experienced Manager to join their Financial Risk team.

This is not a people management role and the role will report to the deputy head of financial risk in the US. Counterparty experience on the buy side is essential.


 

About The Role

The Financial Risk team is part of the wider Enterprise Risk team within the Risk & Compliance function, which reports to the Chief Risk Officer (CRO). The Financial Risk team is primarily responsible for assessing and monitoring the financial risks including counterparty credit risk, liquidity risk, and market risk oversight.

As the Financial Risk Manager you will focus primarily on Counterparty Credit Risk within the Financial Risk team, while supporting liquidity risk management activities.

You will be responsible for understanding firm-wide counterparty risk exposures, and providing regular reporting to meet both business and regulatory requirements. And, will perform counterparty credit risk assessments including both annual reviews and ongoing surveillance to monitor the credit risk, and firm-wide exposure from counterparties.

The successful candidate will provide local Counterparty Credit Risk expertise in the EMEA region, reporting to the Deputy Head of Financial Risk located in the US.

 

Key Responsibilities

  • Maintain and update as needed the global Counterparty Credit Risk policy and related procedures to request a new counterparty, assess and approve new counterparties, and the ongoing monitoring of existing counterparties,

  • Track regulatory changes impacting counterparty credit risk and ensure all aspects of the program meet applicable regulatory requirements, and new regulatory changes.

  • Support the global Counterparty Credit Risk Committee.

  • Serve as secretary of the global Counterparty Credit Risk Committee, responsible for all aspects of the administration of the Committee,

  • Perform counterparty credit risk assessments of all Tier 3 counterparties for approval by the Chair, Counterparty Credit Risk Committee,

  • Identify and address risk concentrations, limits, policy violations, and other high risk situations requiring corrective action.

  • Partner with relevant teams to development and enhance firmwide tools for assessing, monitoring and reporting on the various aspects of the program.

  • Produce Board reporting and metrics on counterparty credit risk.

  • Represent the Counterparty Credit Risk Program in due diligence activities as needed.

  • Support the Financial Risk team in delivering an effective global liquidity risk management program including the ability to become proficient in firm and jurisdiction specific regulatory requirements for liquidity risk management, and take on additional responsibilities for assessing, monitoring, and reporting liquidity risk.

 

Skills & Experience

  • Bachelor's Degree in business, finance or equivalent work experience required.

  • Some experience in the financial services industry, to include relevant experience in risk management, credit or counterparty management, and liquidity risk management.

  • Experience working with support tools such as FOCUS reports, credit risk ratings and reporting.

  • Experience using both quantitative (CDS, Z-Score, Credit Ratings) and qualitative measures of counterparty credit risk.

  • Understanding of regulatory rules and regulations related to Counterparty Credit Risk management.

  • Knowledge of financial market products, asset management products, and asset management industry preferred.

  • Creative thinker with the ability to solve problems, and execute.

  • Excellent written and verbal communication, and presentation skills,

  • A desire to learn and work on all aspects of Financial Risk.

  • Ability to develop and maintain effective relationships with stakeholders across all levels of the business.

  • Excellent attention to detail.

  • Self-starter, with the ability to work in a team-oriented environment.

 

Compliance Requirements

At a minimum the role requires the individual to:

  • Place the interest of Clients first and always act in accordance with TCF (Treating Customers Fairly) principles.

  • Understand and comply with any federal, state, and foreign laws and regulations applicable for the role, and seeking the guidance of Compliance if this is unclear at any time.

  • Understand and comply with all relevant policies applicable for the role, and seeking the guidance of the relevant policy owner if this is unclear at any time.

Ref: | Published: 04 Jan 2019