Description

Credit Risk Manager - Digital Markets - CCP - Regulatory Engagement - Crypto Clearing

Excellent opportunity opens for an experienced Credit Risk Professiona l to join a Digital Asset Markets Firm's Risk department in a crucial role, reporting to the Head of Risk.

This is a key role in the risk team. The aim is to develop the risk management tools and policies that will be in place for the management of credit exposure for a company forming an important piece of market infrastructure for the future of the cryptocurrency and digital asset markets. The role is in a rapidly growing company and will involve early responsibility in a close-knit, high performing team serving a dynamic, fast changing industry.

The successful applicant would be responsible for developing the credit risk management model for a newly formed CCP. The model will need to be recalibrated as the default, liquidity and investment risk processes are updated. Key service participants, custodians, collateral issuers and critical 3rd party suppliers will need to be rated for credit risk and monitored continually.

Objectives:

This role will involve creating components of the Risk management architecture of a CCP covering. This is a role working as part of a small team and the individual would initially be responsible for:

• Designing a credit risk management procedure which would need to include:
• A scorecard method for initial evaluation of counterparties, custodians, issuers and 3rd party providers.
• On-site interviews with management to determine risk overlays.
• Market-based risk metrics to detect credit deterioration in real-time.
• Initiating credit risk management processes, building out the team to perform this function, and designing wrong way and concentration risk management structures.
• Creating the associated Credit Policies, including Credit Risk Margin Add-Ons, risk mitigation procedures, etc.

This exciting position will also involve projects and activity regarding market and liquidity risk. Interaction with key stakeholders as part of regulatory applications and submissions would also be part of the role.

Qualifications and Skills:

• A strong technical/scientific/mathematical background from either education or experience.
• 4-6 years' experience in the finance industry / financial market infrastructure (Clearing House experience is a plus but not necessary).
• Understanding of the following credit risk measurement/management techniques: Scorecard methods, Merton default models (EDFs), CDS Spreads, On-site credit assessments.
• Strong interpersonal skills
• Some IT skills; Python, Excel/VBA, Databases will all prove useful as will experience in design, creation and maintenance of credit risk models.
• Cryptocurrency / digital asset experience would also be helpful but not vital.

Interested? Please Apply!

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