Credit Risk Analyst, EMEA

Job title:

Credit Risk Analyst, EMEA

Company

MarketAxess

Job description

About UsMarketAxess is on a journey to digitally transform one of the world’s largest financial markets, enabling the shift from analog, phone-based trading to a fully electronic marketplace. Why does this matter? Because our platform makes trading fixed-income more accessible, ultimately improving transparency, efficiency, and competition in the marketplace. Changing the way an established industry transacts is no easy feat. There will be twists and turns, because no one’s ever done this before. But now, more than 2,000 clients around the world rely on our solutions, and that number is only expected to grow in the years ahead. We know where we’re going. How we get there is up to us. Join us and help Take Us There.The RoleThe Credit Risk Analyst will be focused on counterparty credit risk analysis within capital markets. Counterparties include banks, asset managers, hedge funds, broker-dealers, and other financial institutions. The role relates directly to the firm’s Open Trading platform, whereby MarketAxess acts as counterparty to both the buyer and seller of bonds in a matched principal capacity, thereby taking on both financial and reputational risk. You will be part of a broader Global Team and will support and work directly with the Senior Credit Risk Associate in EMEA, and Head of Credit & Market Risk for the EMEA & APAC regionsHow You’ll Make an ImpactProvide coverage of the Open Trading Desk by timely response to limit breach alerts and queries; ad-hoc reporting; and general support of more senior members of the team – notably the Senior Credit Risk Associate in London, and Head of Credit & Market Risk, for the EMEA & APAC regions.The Credit Risk Analyst also has responsibility for the credit risk assessment of existing and potential counterparties transacting on the Company’s bespoke Open Trading platform. You will assign and manage credit limits while maintaining sound judgment and controls in order to mitigate counterparty credit settlement risk, market risk and reputational Risk. Your remit will focus predominantly on a subset of EMEA-based counterparties but will also include entities domiciled in the Americas and APAC regions.

• Maintain close engagement with the OT Desk, including timely response to limit breaches and processing of temporary credit limit increases
• Regularly monitor and report on credit exposures and KRIs; taking minutes at various meetings, including Credit Committees
• Ensure that Credit systems are up to date with correct and relevant information
• Support the Senior Credit Risk Associate in EMEA and the Head of Credit & Market Risk for the EMEA & APAC regions in the overall management of the Credit & Market risk function
• Act as a Sales Liaison for collating all relevant information needed for the onboarding of new EMEA OT accounts
• Write Credit Memos for the Credit Committee to assess potential new counterparties: This involves analysing financial results and interpreting relevant metrics, while also considering qualitative aspects to assess overall creditworthiness
• Perform ongoing credit analyses of existing counterparties to renew credit lines: considering the individual business model, financial profile and performance. Counterparties include banks, asset managers, hedge funds, broker-dealers, and other financial institutions
• Work with a variety of teams within the business, including Sales; Settlements; Legal & Compliance and Customer Services in order to ensure the smooth running of the Credit Process.

What We’re Looking for

• Bachelor’s degree required (2.1 or above), finance or economics concentration preferred
• 1+ years of experience in credit risk analysis for financial institutions (e.g. asset managers, broker dealers, banks, hedge funds)
• Experience with MS Office Suite, notably Excel and Word
• Results-driven and detail-oriented with the ability to prioritize multiple tasks simultaneously
• Ability to tackle business problems with creative solutions
• Analytical, quantitative, verbal and written communication skills
• Ability to see situations holistically, while also being able to distil information into key components
• Strong relationship builder who values giving and receiving feedback and is agile and eager to learn
• Self-Starter: Must be proactive and able to work well independently
• Team player: Must be comfortable working with and supporting the greater global team, as well as being able to relate to a variety of stakeholders at various levels of seniority throughout the firm

What You Can Expect from Us

• Central Location: based at our city offices near St Paul’s.
• Free Food: We provide lunch each day of the week when the employee attends the office via our vendor Feedr as well as breakfast cereals, office snacks and drinks from our free vending machines
• Paid Time Off: 25 days annual leave entitlement plus 2 charity days
• Reward for your service: We offer a two-week bonus holiday after completing each 5 years of service
• Core benefits: Besides competitive standard benefits package we offer private medical (PMI) for family, Cash Plan, health screenings, dental cover, 6X life assurance, critical illness cover, income protection, pension, car leasing (Tusker electronic cars), reimbursement for wellness stipend, interest free season ticket loan and a “Share Incentive” plan
• Tuition Assistance and Professional Training: Benefit from on-demand learning, boot camps, and opportunities to attend conferences

Collaboration and innovation are integral to our success – it’s how we got to where we are and how we’ll maintain and grow our competitive advantage. We believe this best happens in an office environment. Employees work in the office 4 days a week. This approach still allows for flexibility depending on the business function you work within but also helps us maintain a collaborative office environment long-term.

Expected salary

Location

London

Job date

Sat, 15 Feb 2025 03:06:25 GMT

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