Risk Specialist, AS

Overview

This Associate role in the Counterparty Credit Risk and back testing team performs pre-deal credit risk assessment of complex and structured transactions and counterparty portfolio analysis, based in Mumbai.

What you'll do

• Perform analysis of credit risk of individual derivative trades, typically structured, across all products in the firm (fixed income, equities, commodities, emerging markets, asset-backed and foreign exchange) for transaction approval and counterparty portfolio assessment.
• Review Advance Ratio calculation and initial margin methodologies for different asset classes and ensure ongoing methodological and technological improvements of Haircut setting rules and calculation approach.
• Frequently update the methodology handbook and papers and KODs in line with regulatory and business requirements.
• Perform and automate ad-hoc scenario analyses and stress tests across portfolios of counterparties and business lines.
• Lead discussions of risk mitigation for large complex transactions.
• Act as Credit Officer for SPV repack transactions, including risk assessment and formal transaction approval.
• Manage SPV counterparty ratings, credit limits, portfolio reviews, and ongoing risk monitoring.
• Work actively with CCR Pre-Deal colleagues globally on transactions, methodology and tool development, and other strategic initiatives.
• Foster effective engagement with Credit Risk Management (CRM), Front Office, and Lending stakeholders.
• Prioritize work to deliver core responsibilities, efficient risk analysis, and ad-hoc requests.
• Actively participate in executing processes and providing daily BAU and ad-hoc analysis.
• Drive process improvement via automation tools, strategic tool adoption, and standardization of analysis and reports across asset classes.
• Communicate effectively across teams to ensure awareness of broader impacts from issues in your area.

What you'll need

• 4+ years in Risk Management or related fields.
• University degree in Finance, Economics, Mathematics, Engineering or Physics.
• Strong background in regulatory Counterparty Credit Risk requirements for banks and product risk analysis, with detailed understanding of historical simulation-based credit risk calculations.
• Excellent knowledge of derivatives, funds, shares, bonds, structured notes and their risk profiles.
• Ability to operate strategically with strong problem-solving, analytical skills, and commercial acumen.
• Collaborative personality with excellent presentation, communication, influencing, and networking skills; ability to think clearly under pressure.
• Proven stakeholder management abilities.
• Ability to work cross-functionally and proactively build relationships across Front-to-Back functions.
• Fluency in English.
• Good understanding of Python.
• Excellent knowledge of MS Office tools.
• Proven ability to leverage AI tools to enhance productivity and optimise workflows, applying critical judgment to ensure responsible and ethical use of data and AI outputs.

Nice to have

• Working knowledge of Python.

Details

• Location: Mumbai, India.
• Committed and motivated individual for self-development and growth.