Head of Counterparty Risk 1st Line

As the Head of Counterparty Risk 1st Line) you will lead efforts in managing and overseeing Counterparty Risk on a global scale serving as the first line of defence. Reporting to the Corporate Treasurer you will be a key player in ensuring that our approaches to counterparty risk management are innovative yet securely aligned with our risk appetite and compliance requirements.

Your Impact:

• Framework Development: Design develop and enhance Counterparty Risk frameworks that support product innovation while ensuring robust risk controls are in place.

• Strategic Partnership: Work closely with the Wise Platform team to evaluate counterparty risk implications for existing and new products offering strategic insights and riskaligned pricing recommendations.

• Risk Assessment: Conduct thorough evaluations of the financial strength and creditworthiness of current and potential counterparties making informed decisions on credit limits and terms that align with Wises risk appetite.

• Data Analysis: Analyze counterparty data and financial documents to determine creditworthiness and risk exposure effectively.

• Regulatory Collaboration: Collaborate with secondline Risk and Prudential teams to ensure compliance with regulatory requirements such as ICAAP/ICARA/ILAAP including harm assessments and residual risk identification.

• Stress Testing: Perform comprehensive stress testing and scenario analysis to assess potential impacts on the counterparty portfolio.

• Relationship Management: Establish and maintain strong relationships with banking partners through regular reviews and risk assessments in accordance with our counterparty risk policy.

• Policy Ownership: Take ownership of and further refine the global Counterparty Risk Policy framework ensuring alignment with business needs and risk management best practices.

• CrossFunctional Collaboration: Work alongside Payments and Treasury Operations teams to develop and implement automated counterparty risk controls and monitoring systems.

• Subject Matter Expertise: Serve as the primary subject matter expert on counterparty risk considerations for new product expansions and initiatives.

• Reporting and Insights: Provide regular datadriven reports and insights to senior management on counterparty risk exposures and trends ensuring informed decisionmaking.

• Advisory Role: Act as a trusted advisor to the Asset and Liability Committee (ALCO) and Credit Risk Committee on counterparty riskrelated decisions and strategies.

Qualifications :

• Extensive experience in credit risk management within financial services or fintech.

• Strong understanding of credit risk frameworks policies and regulatory requirements including the Basel regulatory framework

• Proven track record in developing and implementing risk models and controls

• Experience in working with regulatory requirements and governance frameworks

• Experience in IFRS 9 Expected Credit Loss modeling Unexpected Credit Loss analysis and Basel framework compliance.

• Good understanding of analytical tools like SQL Python or similar tools.

• Outstanding communication skills with ability to influence stakeholders at all levels

• Strong project management skills and ability to drive multiple initiatives simultaneously

• Adaptable mindset with ability to thrive in a fastpaced environment

Additional Information :

For everyone everywhere. Were people building money without borders  without judgement or prejudice too. We believe teams are strongest when they are diverse equitable and inclusive.

Were proud to have a truly international team and we celebrate our differences.
Inclusive teams help us live our values and make sure every Wiser feels respected empowered to contribute towards our mission and able to progress in their careers.

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Remote Work :

No

Employment Type :

Fulltime