Counterparty Risk AnalystAssociate

Job Description

Counterparty Risk (CCR) part of Wholesale Credit Risk is responsible for measuring and monitoring counterparty exposures across OTC derivatives (cleared and non-cleared) Futures and Options Securities Financing Securities Prime Services CCPs and Commodities. The broader CCR organization oversees exposure measurement risk monitoring and escalation ad hoc risk investigations and analyses assessment of collateral and margin arrangements ownership of credit exposure metrics and the development and maintenance of related exposure calculation and reporting capabilities. This is a dynamic area of risk management at the intersection of markets analytics controls and technology offering broad product exposure and the opportunity to contribute to high-impact risk and transformation initiatives.

As a member of the Risk Controls Projects and Transformation team within CCR the Analyst/Associate will play a key role in strengthening the teams control framework enhancing portfolio-level risk management processes and advancing strategic transformation priorities. The role offers a broad platform across risk oversight portfolio analytics process improvement and cross-functional delivery with interaction across Quantitative Research Technology Product Credit Officers and other stakeholders.

Job Responsibilities

• Support and enhance the teams risk control framework including oversight of Risk Not In Stress (RNIS) and Risk Not In Peak (RNIP) and related control processes
• Oversee and challenge model compensating controls to ensure appropriate governance monitoring and escalation of exposure-related adjustments
• Monitor and manage portfolio thresholds at an aggregate or portfolio level investigate significant movements and provide clear analysis and recommendations
• Perform ad hoc risk investigations and thematic analyses in response to market events business questions control reviews or senior management requests
• Drive projects and transformation initiatives aimed at improving team efficiency control robustness data quality and workflow effectiveness
• Develop and maintain analytical tools and automation solutions using Python AI/LLM-enabled techniques where relevant and other data tooling to streamline reporting monitoring and analysis processes and support more efficient decision-making
• Leverage platforms such as Tableau Alteryx and related technologies to improve transparency scalability and delivery of management information
• Partner with Technology and other teams across Wholesale Credit Risk to support strategic enhancements in data analytics automation and emerging capabilities
• Collaborate closely with Quantitative Research Technology Product Credit Officers and other stakeholders to review methodologies improve processes and address risk management priorities
• Support regulatory audit governance and control-related deliverables as needed
• Work across a broad range of products and counterparty types contributing to consistent and effective risk oversight across the CCR portfolio

Required qualifications capabilities and skills

• Bachelors degree in a discipline such as Financial Engineering Mathematics Physics Statistics Engineering Finance and/or Economics
• Strong analytical and problem-solving skills with the ability to synthesize complex risk information identify practical solutions and communicate insights clearly to different audiences
• Proficiency in Python programming and SQL and experience using data and visualization tools such as Tableau Alteryx ThoughtSpot or similar platforms to support analytics automation and process improvement
• Good understanding of derivatives (bilateral and cleared) Futures and Options Securities Financing Prime Services and related counterparty credit risk products
• Understanding of key CCR concepts including exposure measurement PFE collateral and margin model overlays or compensation portfolio thresholds RNIS RNIP and stress or sensitivity analysis across asset classes
• Proficiency with MS Excel and strong comfort working with large data sets and analytical workflows
• Strong written and verbal communication skills with the ability to explain technical concepts to non-specialists and engage constructively with a broad stakeholder group
• Strong sense of accountability and ownership; self-motivated control-minded and confident in making articulating and challenging risk judgments where appropriate
• Ability to work effectively across functions and build strong partnerships with Quantitative Research Technology Product Credit Officers and other stakeholders

Preferred qualifications capabilities and skills

• Prior experience in market risk and/or counterparty risk particularly in controls analytics portfolio management collateral or exposure-related roles
• Experience supporting risk control frameworks governance processes model-related controls or portfolio threshold management
• Experience delivering automation reporting or workflow improvement initiatives in a risk analytics or control environment with the ability to translate business needs into practical solutions
• Experience designing or implementing AI/LLM-enabled solutions to support analytics automation or workflow enhancement is advantageous
• Familiarity with regulatory expectations audit processes and governance requirements relevant to counterparty credit risk is preferred
• Experience working across diverse stakeholders in a complex global organization is advantageous