Counterparty Credit Risk, Functional Specialist

This is a fully remote position, open to applicants in Portugal.

📋 Description

• Spearhead the establishment of intricate business requirements concerning CCR / IMM Limits Management

• Offer functional expertise regarding counterparty risk limits, encompassing limit structures, utilization, thresholds, breaches, and monitoring processes

• Establish and validate rules for limit calculation and consumption, including exposure and risk metrics utilized against various limits

• Specify functional requirements for limit setup, allocation, monitoring, utilization, and breach management

• Conduct gap analyses and delineate current and future solutions for CCR limit frameworks

• Create comprehensive functional solutions that align with limit management processes, counterparty exposure data, risk metrics, and technology

• Examine complex exposure and limit data, identify discrepancies, and propose corrective measures

• Define functional rules, data requirements, and calculation logic across DataLake and Atoti layers

• Oversee the validation and reconciliation of limits, utilization, and exposure metrics across various systems and data sources

• Specify requirements for limit monitoring dashboards, alerts, breaches, and reporting capabilities

• Establish functional testing strategies, acceptance criteria, and validation frameworks

• Serve as the senior functional contact point for Risk, Trading Desks, Quants, and Technology teams regarding CCR limits issues

• Provide functional direction to Functional Specialists and Junior Analysts

• Review and critically assess proposed solutions for business, risk, limits, and analytical alignment

• Assist in prioritizing and resolving complex functional, calculation, and data quality challenges

• Ensure comprehensive traceability from business requirements and rules through implementation, testing, and production validation

• Support certification activities, production releases, and post-production validation

⛳️ Requirements

• Over 4 years of experience in Counterparty Credit Risk, with substantial expertise in CCR / IMM Limits Management and CIB Markets environments

• Expert understanding of Counterparty Credit Risk (CCR / IMM)

• In-depth knowledge of Limits Management

• Strong comprehension of CCR limit frameworks, structures, and hierarchies

• Extensive expertise in limit monitoring, utilization, thresholds, and breaches

• Familiarity with exposure and risk metrics utilized for limit consumption

• Solid grasp of financial products and derivatives

• Experience with Trading Desk and Risk metrics

• Background in risk analytics and reporting

• Capability to define and manage complex functional requirements

• Experience in designing functional solutions

• Strong skills in data analysis and validation

• Proficient knowledge of SQL

• Understanding of data and reporting architectures

• Experience using Jira and Confluence

• Proficient in English at a B2 level or higher

• Familiarity with XVA concepts and metrics

• Experience with DataLake and/or Databricks

🏝️ Benefits

• Full-time or B2B contract

• Remote work within the CET Time zone

• Opportunity to be part of a multicultural team

• Engage in international projects