Counterparty Risk Officer
Summary
Manage the development of Operational Risk Framework, assist in the development of Counterparty Risk Framework and help further embed an appropriate risk culture within the organisation.
Protect the enterprise value of the company through identification of both financial and non-financial risks. Their strategy is targeted towards ensuring on-going identification, monitoring and mitigation of principally but not exclusively Operational and Counterparty risks by developing techniques and frameworks that best fit the organisation and its specific set of circumstances.
Counterparty Risk Management
Provide independent oversight of counterparty risk exposures across all client portfolios through identification, measurement and reporting. The department also covers the on-boarding of counterparty brokers and increasingly the due diligence requirements from an independent oversight perspective of ISDA Counterparties and Prime Broker Counterparties.
Operational Risk Management
Provide independent oversight of operational processes. Develop and maintain an operational risk management framework which is principally focussed on analysing, reporting and timely escalation of operational incidents. The department also covers IT security issues as well as providing critical oversight of Business Continuity procedures.
1. Key Responsibilities
• Help manage the implementation and further development of the Operational Risk Frameworks
• Help manage the Counterparty Risk Framework
• Manage the implementation of operational and counterparty risk metrics so that the business can measure and monitor risk exposures versus risk appetite
• Manage and maintain the broker on-boarding process
• Help manage the ICAAP process for Europe
• Measure and quantify counterparty risk exposures across client portfolios and produce regular reports for management
• Follow up on risk mitigation action plans as required
2. Management and Reporting
• Report to Head of Operational Risk escalating existing and emerging risks issues
3. Risk
• Awareness of current risk and regulatory issues
4. Counterparties and clients
• Close working relationship: Legal, Compliance, Product, Operations, Investment Risk and Portfolio Managers at all levels. Also close liaison with Group Risk and Internal Audit as required.
5. Communication
6. Systems Used
Internal Microsoft Office, Outlook
External IVP Polaris, Bloomberg, Advent Geneva
7. Legal and Regulatory Responsibilities
• Comply with all applicable legal, regulatory and internal Compliance requirements, including, but not limited to the Compliance manual and Compliance policies and procedures as issued from time to time: Financial Security requirements, including but not limited to, the prevention of Financial Crime and Fraud including reporting obligations to the Money Laundering Reporting Officer.
• Maintain appropriate knowledge to ensure to be fully qualified to undertake the role. Complete all mandatory training as required to attain and maintain competence.
The successful applicant will have at least 3 years experience in counterparty risk, ideally in an investment management environment with exposure to prime brokers and custodians.
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