Credit Risk Analyst - Clearing Broker - Morgan McKinley
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Added before 4 Days
- England,London,City of London
- Full Time, Permanent
- Competitive salary
Job Description:
The Role
An opportunity has arisen for a Credit Analyst in the Credit area of the Risk Department of a clearing brokers in the City of London to assist and support the Credit Risk Manager with the annual reviews and new counterparties review of margin finance, whilst maintaining a high level of professionalism to succeed in a fast-paced environment all working within core business values and Risk Framework.
Your Responsibilities
The main duties of this role will include:
* Preparation of annual credit reviews for margin finance clients, including detailed financial and credit analyses
* Participate in credit due diligence as part of the client review process
* Assess and judge the creditworthiness of existing and new counterparties and recommend appropriate credit limits
* Ensure all margin finance applications comply with Credit Policy and the business is protected as far as
possible from credit risk events.
* Producing monthly and quarterly Management Information to present to Senior Management and Desk
Heads/Account Executives
* Liaise with EMEA Credit Department on annual credit client renewals and new counterparties reviews
* Attend weekly committee meeting with EMEA to share and update information
* Maintain and monitor the daily suite of Credit Risk reports
* Daily review of credit client margin calls and the drivers of the margin call
* Monitor credit clients on an intraday basis using TS Imagine
* Track ongoing performance of credit clients, escalate to senior management when required
* Assist in setting of initial margin limits for all clients (Cash and Credit)
* Process annual reviews of bank and clearing counterparties
* Provide information to customers’ external auditors
* Maintain a log of client SBLC/Parental guarantees
* Engaging proactively with front office on credit related matters
* Adhere to Risk Management Framework
* Maintain Risk control
* Enhance and challenge standards as and when required
* Maintain departmental procedures
The successful candidate will possess the following:
* 1-3 years’ experience in credit analysis
* Advanced Microsoft Excel
* Product knowledge is beneficial but not essential.
* Knowledge of credit management and mitigations tools
* Strong fundamental credit analysis skill set.
* In-depth knowledge of credit analysis
* A solid understanding of accounting and financial data analysis
An opportunity has arisen for a Credit Analyst in the Credit area of the Risk Department of a clearing brokers in the City of London to assist and support the Credit Risk Manager with the annual reviews and new counterparties review of margin finance, whilst maintaining a high level of professionalism to succeed in a fast-paced environment all working within core business values and Risk Framework.
Your Responsibilities
The main duties of this role will include:
* Preparation of annual credit reviews for margin finance clients, including detailed financial and credit analyses
* Participate in credit due diligence as part of the client review process
* Assess and judge the creditworthiness of existing and new counterparties and recommend appropriate credit limits
* Ensure all margin finance applications comply with Credit Policy and the business is protected as far as
possible from credit risk events.
* Producing monthly and quarterly Management Information to present to Senior Management and Desk
Heads/Account Executives
* Liaise with EMEA Credit Department on annual credit client renewals and new counterparties reviews
* Attend weekly committee meeting with EMEA to share and update information
* Maintain and monitor the daily suite of Credit Risk reports
* Daily review of credit client margin calls and the drivers of the margin call
* Monitor credit clients on an intraday basis using TS Imagine
* Track ongoing performance of credit clients, escalate to senior management when required
* Assist in setting of initial margin limits for all clients (Cash and Credit)
* Process annual reviews of bank and clearing counterparties
* Provide information to customers’ external auditors
* Maintain a log of client SBLC/Parental guarantees
* Engaging proactively with front office on credit related matters
* Adhere to Risk Management Framework
* Maintain Risk control
* Enhance and challenge standards as and when required
* Maintain departmental procedures
The successful candidate will possess the following:
* 1-3 years’ experience in credit analysis
* Advanced Microsoft Excel
* Product knowledge is beneficial but not essential.
* Knowledge of credit management and mitigations tools
* Strong fundamental credit analysis skill set.
* In-depth knowledge of credit analysis
* A solid understanding of accounting and financial data analysis
Job number 3481088
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