Risk Analyst

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Global specialist in commercial foreign exchange.

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Providing assistance and support to the Risk team in any risk related matters, such as:

• Carrying out financial analysis on the group's client and liquidity provider counterparties and making recommendations in line with best practice and the group's risk appetite.
• Managing multiple margin requests in a timely and effective fashion, producing well-researched and accurate credit reports, and working directly with colleagues across business units and across borders to address credit requests and issues.
• Striving to drive and develop processes and procedures to limit risk and to improve credit risk management efficiency.
• Preparing margin facility proposals for consideration by the client and management.
• Assisting with the preparation of any risk related documentations, including collateral agreements, ISDAs, guarantee agreements, etc.

Monitoring counterparty risk exposures, such as:

• Calculating the Mark to Market value of an open position.
• Ensuring that the credit risk exposure of a client is within the risk limits.
• Monitoring and reporting a client's initial margin and variation margin position.
• Monitoring and reporting the exposure concentration of the group's margin termportfolio.
• Escalating limit excesses appropriately to management.

General risk related responsibilities, such as:

• Monitoring the progress of a margin call.
• Understanding the risk policy framework in the context of the group's overall risk appetite.
• Coordinating stress analysis on a client's credit profile.
• Producing risk analysis and risk information reports for the management 's review.
• Monitoring changing market conditions that might affect the credit quality of the group's credit risk exposure.
• Providing timely alert to the management for appropriate actions.
• Creating and implementing rules and ideas in raising the risk management standard of the business and raising the front office's risk awareness.
• Coordinating the risk committees, including producing papers, taking minutes and following up on all action points.

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Business Knowledge / Technical Skills:

• Demonstrable experience working in a risk reporting and credit risk analytics role in either a private bank or a retail bank;
• Strong technical skills, including VBA and Excel;
• Proven experience of analysing credit risk portfolios;
• Ability to work in a dynamic business and demonstrable experience of working on a number of projects simultaneously;
• Strong analytical skills and ability to deal with large data sets;
• Strong communication skills (both verbal and written);
• Ability to work to tight deadlines and to prioritize accordingly;
• Good understanding of financial products; especially FX Forwards, Non-derivable Forwards and Options (Participating forward option, plain vanilla option, Zero-cost collar option among others).
• A in depth knowledge of how investment funds and fund structures work is desirable.

Leadership / Management Skills:

• Leads by example, embodying the culture and values of the Company;
• Able to anticipate issues and risks and mitigate accordingly;
• Credibility in dealing with clients and colleagues across complex organisations with different cultures and geographies;
• Ensuring and maintaining the standard of all documentation for the department's systems, controls, policies and processes;
• Maintenance of decision making records.

Systems / Knowledge Skills:

• MS Office (including Excel VBA, PowerPoint)
• HR Systems - Workday
• Databases - FXDB (In House)
• Expenses System - Systems@Work

Languages:

• High standard of oral & written English and Spanish is mandatory;
• Fluency in other European languages (e.g. Dutch, French, etc.) is desirable.

• Industry leading basic salary.
• Rapid career progression.
• Training and mentoring from some of the world's most experienced and successful FX professionals.
• Career development opportunities and support to relocate and work abroad.
• Spacious and modern office located in Madrid.