Risk Expert - Counterparty Credit Risk

About the role

A Nordic bank is looking for a Risk Expert to join its Counterparty Credit Risk team, part of Group Financial Risk. The role supports monitoring, analysis, reporting and governance of counterparty credit risk across derivatives, securities financing and related trading activities, delivering high-quality reporting, analytics and insights to senior management, risk committees and regulators. It is a permanent, full-time position.

Key responsibilities

• Produce and enhance daily, monthly, quarterly and ad hoc counterparty credit risk reports for management, committees, risk owners and regulators.
• Analyse movements in current exposure, potential future exposure, exposure at default, expected positive exposure, pre-settlement risk, collateral, stress results and limit utilisation.
• Investigate exposure changes, data breaks, outliers, concentration risks, breaches and exceptions.
• Prepare executive commentary on key drivers, trends, risk appetite metrics and the forward-looking risk outlook.
• Support stress testing and scenario analysis across market factors, counterparty concentrations, collateral, margin period of risk, liquidity and reverse stress scenarios.
• Maintain controls, reconciliations, data quality checks, reporting procedures and escalation routines.
• Support audits, regulatory requests, framework assessments, remediation plans and governance submissions.
• Partner with risk management, credit risk, trading, finance, model risk, technology, data, audit and regulatory teams.

Required profile

• Strong understanding of counterparty credit risk concepts: exposure measures, netting, collateralisation, margining, limit utilisation, wrong-way risk, concentration risk and default management.
• Knowledge of derivatives and securities financing products, including OTC derivatives, cleared products, interest rate and FX derivatives, repos and securities lending.
• Working knowledge of regulatory expectations such as CRR, Basel standards, SA-CCR, IMM, CVA risk, stress testing, BCBS 239 and data quality principles.
• Experience producing management information, executive summaries, dashboards, risk commentary and regulatory reporting inputs.
• Ideal: degree in finance, economics, mathematics, statistics, engineering, computer science or a related quantitative discipline; FRM, CFA or equivalent qualification is an advantage; banking, risk management or regulatory reporting experience is beneficial.

Required skills

• Experience with CCR systems, exposure engines, risk data warehouses, reporting databases, collateral systems and workflow tools.
• Ability to reconcile outputs across source systems, reporting layers, finance and capital processes.
• Proficiency in Excel, PowerPoint, SQL, Python, R, Power BI or similar tools for data extraction, analysis, visualisation, automation and reporting.

What we offer

• A culture of performance and growth in one of the largest Nordic banks.
• Hybrid working model.
• Diversity and inclusion initiatives.

Applications close on 01/11/2026, as interviews are ongoing.