Counterparty Credit Risk Funds Coverage - Associate

Job Description

Job Summary

• London
• Permanent
• BBBH817380
• May 27, 2022
• Competitive

Job Description Global investment bank seeks an Associate Counterparty Credit Risk Analyst as part of its expanding Funds Coverage Team - Background on the Position The role will reside within Firm Risk Managements Credit Risk Management (CRM) Department. Credit Risk Management (CRM) determines risk appetite, approves and manages credit and counterparty risks on an industry, client, geography and transaction basis. CRMteam assigns Internal Credit Ratings to our client base; establishes and manages credit risk limits in accordance with the risk tolerance established by the Board; monitors and reports on credit risk exposures on a regular basis to the Chief Risk Officer andsenior management. CRM also interacts with business units to ensure that credit risk assessments are factored into business decisions. This role is within the -leverageFunds coverage team in London, which is responsible for the credit assessment and risk management of the Firms business with leveraged and nond funds, and provides product coverage for banks Traded Product and Securities Financingbusinesses, including Prime Brokerage as well as bilateral OTC cleared and exchange traded client activity. Primary Responsibilities Counterparty credit analysis, preparation of in-depth credit reviews for new clients, annual reviews for existing clients, setting credit limits and effectively managing excesses, interpretation of portfolio stresses, compiling recommendations and determiningcredit ratings Actively participate in due diligence meetings either by phone, offices or at client premises to better understand the clients business, risks and their requirements Actively track the daily stress loss process for Prime Brokerage and Fund clients and oversee the investigation of any material changes Perform ad-hoc analysis of complex client portfolios in response to market events or idiosyncratic client developments Support key Business Unit relationships as product coverage within traded products and/or prime brokerage, including the establishment and communication of risk appetite, as well as identification of concentrations; ensuring appropriate risk measurement andmonitoring/reporting of risk appetite metrics across legal entities FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views. Qualifications Experience Bachelors degree or equivalent with 3+ years experience in Credit Risk Management of Funds In-depth knowledge of the credit risk in traded products and prime brokerage Strong analytical skills The ability to effectively communicate with a wide range of stakeholders, both written and verbally The ability to work independently in a self-directed way in a collaborative, team-oriented environment Strong organisation skills, with an interest in working in a fast-paced environment, often balancing multiple high priority deliverables Strong attention to detail and ability to provide information in usable formats (proficiency in Microsoft office, including Excel, PowerPoint and Word) Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative. BY APPLYING FOR THIS ROLE YOU ARE AGREEING TO OUR TERMS OF SERVICE WHICH TOGETHER WITH OUR PRIVACY STATEMENT GOVERN YOUR USE OF MORGAN MCKINLEY SERVICES.