Credit Risk Operations - Stress Testing VP

Recruiter
Morgan McKinley
Location
London, United Kingdom
Salary
Competitive
Posted
28 Jul 2022
Closes
27 Aug 2022
Ref
16082925
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Summary
  • London
  • Permanent
  • BBBH823478
  • Jul 26, 2022
  • Competitive

Job Description
Global investment bank seeks a VP level Credit Risk Manager as part of their expanding Credit Risk Operations - Stress Testing team, to develop and maintain best practice credit stress testing

This role is within the EMEA Credit Risk Operations - Stress Testing team, whose objective is to develop and maintain best practice credit stress testing capabilities and to assist Credit Risk Officers in analysing the results. The focus of the role is the review & analysis of the stress testing results for internal and regulatory scenarios.

Primary Responsibilities
Validate the stress test results ensuring accuracy by working closely with:
Credit Risk Officers for understanding how the counterpartys positions are impacted under the stress scenarios
Credit Risk Data Control and Credit Risk IT teams to help identify and resolve data quality issues
Risk Analytics to understand and challenge existing methodologies for the calculation of different risk metrics under stressed market environments
Investigate credit limit excesses to identify the key drivers of the stress impact and advise Credit Risk Officers on potential risk reducing actions.
Perform the stress test calculations to check the impact of new transactions & portfolio changes using internal credit risk exposure models for EMEA portfolios across asset classes, including OTC derivatives, Securities Financing Transactions (SFT), including Prime Brokerage and Loan products
Close coordination with Credit Risk Officers and EMEA Portfolio Risk Team for in-depth quantitative and qualitative analysis of the stress test results
Deliver improvements to the stress testing infrastructure by working closely with Risk Analytics, IT and Market Risk

Qualifications

Experience
University degree in Quantitative Finance or another quantitative discipline
Detailed knowledge of products that generate Counterparty Credit Risk: OTC derivatives (Rates, FX, Credit, Equities, Commodities) & Securities Financing Transactions
Experience in Credit or Market Risk Management, Trading, Financial Modelling or related risk functions (preferred)
Strong analytical and modelling skills. Familiarity with Counterparty Exposure management, including industry standard models used (e.g potential exposure, expected loss) (preferred)
Ability to work independently in a self-directed way to thrive in a collaborative, team-oriented environment
Ability to communicate effectively with a wide range of stakeholders, both written and verbally
An interest in working in a fast-paced environment, often balancing multiple high priority deliverables to strict deadlines
Strong attention to detail and ability to provide information in usable formats. Good working knowledge of SQL and Excel VBA

Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.

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