Counterparty Risk (CCR), part of Wholesale Credit Risk, is responsible for measuring and monitoring counterparty exposures across OTC derivatives (cleared and non-cleared), Futures and Options, Securities Financing, Securities Prime Services, CCPs and Commodities. The broader CCR organization oversees exposure measurement, risk monitoring and escalation, ad hoc risk investigations and analyses, assessment of collateral and margin arrangements, ownership of credit exposure metrics, and the development and maintenance of related exposure calculation and reporting capabilities. This is a dynamic area of risk management at the intersection of markets, analytics, controls, and technology, offering broad product exposure and the opportunity to contribute to high-impact risk and transformation initiatives.

As a member of the Collateral and Margining within CCR, you will play a key role in strengthening the team’s control framework, performing margin investigations and negotiating ISDA CSAs. The role offers a broad platform across risk oversight, portfolio analytics, process improvement, and cross-functional delivery, with interaction across Quantitative Research, Technology, Product, Credit Officers, and other stakeholders.

Required qualifications, capabilities, and skills

• Bachelor’s degree in a discipline such as Financial Engineering, Mathematics, Physics, Statistics, Engineering, Finance and/or Economics
• At least 3 years of experience in OTC Derivatives in a Trading, Counterparty Risk, Market Risk, or Quantitative role in financial services
• Strong analytical and problem-solving skills, with the ability to synthesize complex risk information, identify practical solutions, and communicate insights clearly to different audiences
• Proficiency in Python programming and SQL, and experience using data and visualization tools such as Tableau, Alteryx, ThoughtSpot, or similar platforms to support analytics, automation, and process improvement
• Good understanding of derivatives (bilateral and cleared), Futures and Options, Securities Financing, Prime Services, and related counterparty credit risk products
• Understanding of key CCR concepts, including exposure measurement, margin methodologies, ISDA CSAS and Collateral Eligibility
• Proficiency with MS Excel and strong comfort working with large data sets and analytical workflows
• Strong written and verbal communication skills, with the ability to explain technical concepts to non-specialists and engage constructively with a broad stakeholder group
• Strong sense of accountability and ownership; self-motivated, control-minded, and confident in making, articulating, and challenging risk judgments where appropriate
• Ability to work effectively across functions and build strong partnerships with Quantitative Research, Technology, Product, Credit Officers, and other stakeholders

Job Responsibilities

• Perform margin investigations, liquidity analysis on collateral pool, negotiation of Eligible collateral schedule
• Perform deep dives in regulatory margin and collateral requirements
• Drive projects and transformation initiatives aimed at improving team efficiency, control robustness, data quality, and workflow effectiveness
• Develop and maintain analytical tools and automation solutions using Python, AI/LLM-enabled techniques where relevant, and other data tooling to streamline reporting, monitoring, and analysis processes and support more efficient decision-making
• Leverage platforms such as Tableau, Alteryx, and related technologies to improve transparency, scalability, and delivery of management information
• Partner with Technology and other teams across Wholesale Credit Risk to support strategic enhancements in data, analytics, automation, and emerging capabilities
• Collaborate closely with Quantitative Research, Technology, Product, Credit Officers, and other stakeholders to review methodologies, improve processes, and address risk management priorities
• Support regulatory, audit, governance, and control-related deliverables as needed

• Work across a broad range of products and counterparty types, contributing to consistent and effective risk oversight across the CCR portfolio

   

Preferred qualifications, capabilities, and skills

• Prior experience in market risk and/or counterparty risk particularly in collateral or exposure-related roles
• Experience delivering automation, reporting, or workflow improvement initiatives in a risk, analytics, or control environment, with the ability to translate business needs into practical solutions
• Experience designing or implementing AI/LLM-enabled solutions to support analytics, automation, or workflow enhancement is advantageous