Counterparty Credit Risk Implementation Lead (FTC)

JOB TITLE: Counterparty Credit Risk Implementation Lead (FTC)
LOCATION(S): London
HOURS: Full-time
WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites.

Join the Traded Risk Evolution and Calculation team asCounterparty Credit RiskImplementationSME Lead.You’llact as the principal subject-matter expert and primary point of contact fora strategically importantenhancement to the Group’scounterparty credit riskcapabilities.You’llinterpret complex regulatory and technical requirements,establishclear risk positions and guide teams in translating them into robust models, data, processes,controlsand technology outcomes.

About this opportunity

This is an opportunity tobecome the recognised counterparty credit riskleadfora strategically important change within Financial Risk,shapinghowriskis measured,handledand governed.

You’llprovide authoritative subject-matter leadership across regulatory interpretation, exposure measurement, modelling, data,controlsand front-to-back risk processes. Working closely with Risk, Finance, Technology,Transformationand business teams,you’llresolve complex questions, set implementation direction, challenge proposed solutions and ensure outcomes are technically sound,consistentand aligned with regulatory expectations.

Key Responsibilities:

• Act as the principal counterparty credit risk subject-matter expert and first point of contact for technical, regulatory and implementation matters

• Interpret regulatory requirements andestablishclear, practical positions for their application across risk methodologies, models, data, systems,processesand controls

• Set the technical direction for implementation, defining expected outcomes, key designprinciplesand acceptance criteria

• Provide effective review and challenge of proposed solutions,identifyinggaps,inconsistenciesand unintended risk consequences

• Resolve complex counterparty credit risk questions and provide clear, evidence-based recommendations to senior collaborators and governance forums

• Connect specialists across Risk, Finance, Technology,Dataand the business, ensuring decisions reflect a coherent front-to-back risk view

• Lead the development of high-quality technical documentation, regulatory evidence, policies,standardsand implementation guidance

• Build counterparty credit risk capability across the organisation through coaching, knowledgesharingand effective engagement with senior and non-technical audiences

Why join us?

We’re transforming at pace. Investing billions in our people, data and tech to change the way we meet the needs of our 28 million customers. We’re growing, and we’d love you to be part of the journey.

Whatyou’llneed:

• Deep counterparty credit riskexpertise, including exposure measurement, risk drivers, modelling concepts, traded products and the associated prudential framework

• Proven experience acting as a senior subject-matter expert on complex counterparty credit risk, model, regulatory or risk-transformation initiatives

• Strong ability to interpret complex requirements, form defensible technical judgements and translate them into practical implementation guidance

• Credibility to provide constructive challenge, influence senior collaborators and represent counterparty credit risk matters in governance forums

• Excellent communication skills, with the ability to explain complex risk concepts clearly to technical and non-technical audiences

• A strong understanding of the interaction between risk methodologies, models, data, technology,controlsand front-to-back operating processes

• Strongunderstanding of key CCR exposure and capital models such as PFE, IMM, SACCRand desirable if knowledge of XVA pricing

• Good understanding of Traded Products

And any experience of these would bereally useful:

• Experience shaping the technical interpretation and implementation of a significant counterparty credit risk or material model change

• Detailed understanding of counterparty credit risk models, regulatory permissions, modelgovernanceand supervisory expectations

• Experience supporting regulatory submissions, remediation activity or direct engagement with regulators and independent assurance teams

• Familiarity with the data and technology architecture supporting counterparty credit risk measurement and management

This is a place for you

Our ambition is to be the leading UK business for diversity, equity and inclusion supporting our customers, colleagues and communities, and we’re committed to creating an environment in which everyone can thrive, learn and develop.

We also offer a wide-ranging benefits package, which includes:

• A generous pension contribution of up to 15%

• An annual performance-related bonus

• Share schemes including free shares

• Benefits you can adapt to your lifestyle, such as discounted shopping

• 30 days’ holiday, with bank holidays on top

• A range of wellbeing initiatives and generous parental leave policies

Ifyou’reexcited by the thought of becoming part of our team, get in touch.We’dlove to hear from you!