Credit Risk Analyst, EMEA

About Us

MarketAxess 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 Role

The Credit Risk Analyst is 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 firms 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 regions.

How You'll Help Take Us There

Provide 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

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 on the Credit Risk Team 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.

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