Specialist, Credit Risk
4 days ago
**Overview**
**Job Title: Credit & Market Risk - Specialist**
**Grade: J**
**Location: London**
**Overview**
BNYMellon Pershing provides a broad range of financial business solutions to investment banks, broker-dealers, wealth managers, financial planners and advisers across EMEA. Pershing provides sophisticated front-end technology and flexible middle office capabilitieswith execution, settlement and custody services, supported by a robust regulatory and compliance framework with dedicated client asset experience and expertise.
**Position Summary**
This is a risk management role. While acting as Settlement Agent Pershing may use its balance sheet to settle its clients' trades, mainly equities, funds and fixed income instruments. Failure by a client or counterparty to settle with Pershing creates potentialmarket risk which must be measured and managed using a range of IT tools and expert judgement. Risk can be mitigated by reviewing clients, monitoring and understanding their business versus our risk appetite, by advising, assisting and implementing policies,controls and procedures to ensure the firm's credit and market risk profile is appropriate and is in accordance with the firm's risk policy.
With direct guidance, assists with risk management efforts for the assigned credit risk focus, including the analysis, review and presentation in Credit Committee of Pershing EMEA's clients. An important element of the role is to identify potential risk issues,working with internal and external parties to resolve.
**Primary Responsibilities all with direct guidance**:
- Preparation of client reviews and agent banks in line with policies, including the gathering of documentation and financial information.
- Liaise with clients to address emerging issues and where appropriate call for collateral to mitigate risk
- Produce quality reporting and analysis to management on client and counterparty exposure, identifying potential issues; communicate details to both internal and external parties.
- Escalation of potential issues in line with Pershing and wider BNYMellon risk policies
- Embed a risk culture within Pershing in order to clearly distinguish the roles and responsibilities between the first and second lines of defence.
- Assist with Credit and Market Risk policy documents, including recommending new policies and procedures and maintaining existing documentation.
**Leadership**
No direct reports
**Job Scope**
Contributes to the achievement of Credit & Market Risk team objectives.
**Education**
Bachelor's degree or related technical discipline, or the equivalent combination of education and experience is required. Minimum GCSE Grade C in Maths and English.
**Essential Experience**
Understanding of credit analysis of financial institutions/counterparties
Familiarity with small to large broker dealers, private wealth managers and stockbrokers
A working knowledge of how collateral can mitigate risk.
Highly developed communication skills, both written and verbal form, with an excellent attention to detail
Ability to work in a team, under pressure and to tight deadlines
Developed analytical skills and highly numerate
Proficient in Excel
Willingness to embrace and implement a programme of change
**Desirable Experience**
Understanding of Equity and Fixed Income markets in particular settlement and clearing processes and systems
Able to enhance system requirements from an end user perspective, advising development team of requirements
Understanding of VaR implementation & analysis methods
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