Counterparty Credit Risk

4 weeks ago

London, United Kingdom Robert Half Full time

Counterparty Credit Risk (CCR) Audit Contractor

Location: London, United Kingdom

Contract Duration: 6 months

Work Arrangement: Full-time, on-site (London office, 5 days per week)

Eligibility: Candidates must have a valid UK visa and the right to work in the UK.

Role Overview

We are seeking a skilled Counterparty Credit Risk (CCR) Audit Contractor to join our team for a 6-month engagement. This role focuses on the delivery of audit tasks related to counterparty credit risk, ensuring adherence to regulatory standards and internal policies. The successful candidate will play a critical role in evaluating and improving the organization's CCR frameworks, policies, and practices.

Key Responsibilities

  • Plan and execute audits related to Counterparty Credit Risk, focusing on risk identification, assessment, and management processes.
  • Evaluate the effectiveness of CCR frameworks, including governance, policies, methodologies, and controls.
  • Conduct detailed reviews of exposure measurement, collateral management, and credit limit monitoring processes.
  • Assess compliance with regulatory requirements such as Basel III/IV, CRD V/VI, and PRA expectations.
  • Deliver clear, concise, and insightful audit reports, outlining key findings and actionable recommendations.
  • Collaborate with stakeholders across risk management, trading, finance, and compliance functions to address identified gaps and improvements.
  • Ensure timely delivery of audit deliverables within the agreed timeframes.
  • Keep abreast of changes in CCR regulatory requirements and market best practices.

Key Skills & Experience Required

  • Proven experience in Counterparty Credit Risk, ideally within a financial services or audit environment.
  • Strong knowledge of CCR concepts, including exposure metrics (e.g., Potential Future Exposure, Expected Exposure), risk mitigation strategies, and regulatory frameworks.
  • Prior experience in internal or external audit with a focus on credit risk or financial risk management.
  • Familiarity with trading products (e.g., derivatives, repos, securities financing transactions) and their impact on CCR.
  • Excellent analytical skills with the ability to identify and articulate complex risk issues.
  • Strong written and verbal communication skills to deliver effective audit reports and presentations.
  • Professional qualifications such as ACA, ACCA, CFA, or FRM are advantageous.
  • Proficiency in using audit tools and data analysis techniques is a plus.

Candidate Profile

  • Based in the UK and willing to work in the London office 5 days a week.
  • Flexible, proactive, and delivery-focused, with the ability to meet deadlines in a dynamic environment.
  • A team player with strong interpersonal skills to liaise with senior stakeholders effectively.

Remuneration

Competitive day rate, commensurate with experience and industry standards.

Application Process

Interested candidates should submit their CV along with a cover letter highlighting relevant experience and qualifications.

Robert Half Ltd acts as an employment business for temporary positions and an employment agency for permanent positions. Robert Half is committed to equal opportunity and diversity. Suitable candidates with equivalent qualifications and more or less experience can apply. Rates of pay and salary ranges are dependent upon your experience, qualifications and training. If you wish to apply, please read our Privacy Notice describing how we may process, disclose and store your personal data: roberthalf.com/gb/en/privacy-notice

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