Director, Head of Counterparty Credit Risk recruitment
Director, Counterparty Credit Risk £120,000+ London
Counterparty Monitoring:
- Attending due diligence meetings and preparing applications for Risk Management Executive Committee approval.
- Approving member reviews and changes to internal credit scores.
- Regularly engaging with members, exchanges and investment counterparties to ensure mutual requirements and benefits of credit risk management processes are well communicated.
Default Fund:
- Managing the recalculation of the Default Fund and associated changes.
Research and Development of Processes:
- Assuming the lead in identifying new tools and methods for the monitoring of counterparties, producing analysis for the RMEC and, if appropriate, the Risk Committee.
- Enhancing credit risk intelligence via liaison with clearing members, exchanges, regulators and external agencies.
Integration/Harmonisation:
- Managing the integration of credit risk systems, policies, criteria and procedures within the Group.
Regulatory:
- Ensuring compliance with the evolving US and European legislation regarding the credit monitoring of clearing members, end user clients and counterparties.
Project and Management tasks
- To be responsible for the provision and analysis of regular, relevant and required management information both internally and for regulators and exchanges.
- Assisting in the preparation of the department business plan and budget advising on areas of cost inflation to potential for cost reduction.
- Leading the Credit Risk team.
- Forecasting the current and future resourcing needs of the team and taking the appropriate actions to ensure these needs are met in the most cost-effective manner.
- Ensuring clear succession planning and avoidance of key person risk.
- Ensuring compliance with risk management policies and their pro-active review and testing, and approval of exceptions.
- Developing the credit risk function and associated policies.
- Developing credit criteria for new markets and services.
Participating in Committee meetings (including RMEC, Risk Committee, GIMC)
December 16, 2009
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