Counterparty Credit Risk, Functional Specialist

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

📋 Description

• Oversee the establishment of intricate business requirements pertaining to CCR / IMM Limits Management.

• Offer functional expertise regarding counterparty risk limits, encompassing limit structures, usage, thresholds, breaches, and monitoring mechanisms.

• Articulate and verify limit calculation and consumption guidelines, including exposure and risk metrics applicable to various limits.

• Define functional specifications for limit configuration, allocation, monitoring, usage, and breach management.

• Conduct gap analysis and outline current and future solutions for CCR limit frameworks.

• Construct comprehensive functional solutions that align with limit management procedures, counterparty exposure data, risk metrics, and technological aspects.

• Evaluate complex exposure and limit data, identify discrepancies, and recommend solutions.

• Establish functional rules, data prerequisites, and calculation logic spanning DataLake and Atoti layers.

• Lead 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 functionalities.

• Develop functional testing strategies, acceptance criteria, and validation frameworks.

• Serve as a senior functional liaison for Risk, Trading Desks, Quants, and Technology teams on CCR limits matters.

• Provide functional advisement to Functional Specialists and Junior Analysts.

• Review and critically assess proposed solutions.

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

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

• Support certification processes, production releases, and post-production validation.

⛳️ Requirements

• A minimum of 4 years of experience in Counterparty Credit Risk, with a robust expertise in CCR / IMM Limits Management and CIB Markets environments.

• In-depth knowledge of Counterparty Credit Risk (CCR / IMM).

• Advanced understanding of Limits Management.

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

• Extensive expertise in limit monitoring, usage, thresholds, and breaches.

• Familiarity with exposure and risk metrics applied for limit consumption.

• Solid grasp of financial products and derivatives.

• Experience collaborating with Trading Desk and Risk metrics.

• Background in risk analytics and reporting.

• Capable of defining and managing intricate functional requirements.

• Experience in designing functional solutions.

• Proficient in data analysis and validation.

• Knowledge of SQL.

• Understanding of data and reporting architectures.

• Experience utilizing Jira and Confluence.

• English proficiency at B2 level or higher.

🏝️ Benefits

• Remote work available within the CET Time zone.

• Opportunity to be part of a multicultural team.

• Engage in international projects.