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12 Month Internship - Counterparty Risk


Vacancy details

General information

Entity

About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB)

Crédit Agricole CIB is the corporate and investment banking arm of Crédit Agricole Group, the 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2022).
8,600 employees in more than 30 countries across Europe, the Americas, Asia-Pacific, the Middle-East and North Africa, support the Bank's clients, meeting their financial needs throughout the world.
Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital market activities, investment banking, structured finance, commercial banking and international trade.
The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.


For more information, please visit www.ca-cib.com

Twitter: https://twitter.com/ca_cib
LinkedIn: https://www.linkedin.com/company/credit-agricole-cib/

By working every day in the interest of society, we are a group committed to diversity and inclusion. All our positions are open to people with disabilities.   

Reference

2024-89462  

Update date

13/05/2024

Job description

Business type

Types of Jobs - Risk Management / Control

Job title

12 Month Internship - Counterparty Risk

Contract type

Internship/Trainee

Term (in months)

12

Management position

No

Job summary

Credit Monitoring & Monitoring (RPC-CMR): Mainly responsible for monitoring the credit risk exposures on commercial facilities and Foreign Exchange (FX) capital markets trades booked in the UK. Additionally, the department handles tasks connected with the credit risk process, such as producing reports for the Senior Management Functions, monitoring the credit limits in FX Electronic platforms or ensuring that Basel III data is correctly recorded and sent to central risk systems for capital requirements (RWA) calculations. RPC-CMR in London also monitors the limits on FX and Interest Rate Derivatives (IRD) Give Up trading. Counterparty risk coordinates transversal processes like London Credit Committee, UK Risk Committee or Give Up Committee.

 

Key Responsibilities:

• Run daily controls on specific Capital Market and Financing activities
• Ensure that Give Up relationships are correctly set up in risk systems and monitor any amendments
• Follow-up Credit Risk limits for FX E-Platforms (EBS, Reuters, 360T, etc.)
• Overview of FX Give Up breaches
• Participate in any data analysis or projects in collaboration with the team both on Capital Market and Financing Activities

 

Control and Monitoring:

• Complying with regulatory duties by producing management information and dashboards (breaches of Capital Market limits, suspense account monitoring including Nostro, counterparts rating issues, etc.)
• Reporting breaches on FX and IRD Give Up trades to CACIB London branch Senior Management and external stakeholders.
• Participating to the functional / IT improvements in the Give Up tool processing chain
• Controlling the input of the Give Up limits and reviewing the relevant documents linked to Give Up perimeter
• Monitoring the credit limits for FX electronic platforms in coordination with GMD and GIT
• Participating to RPC HO projects / IT studies around Counterparty risk processes and systems to either follow the business strategy or improve the overall risk data quality and organization
• Participating to ad hoc management requests involving data visualisation or targeted analyses
• Participating to the update of the team’s procedures.

Supplementary Information

Legal and Regulatory Responsibilities:

• Comply with all applicable legal, regulatory and internal Compliance requirements, including, but not limited to, the London Compliance manual and the Financial Crime Policy.

• Maintain appropriate knowledge to ensure to be fully qualified to undertake the role. Complete all mandatory training as required to attain and maintain competence.

Position location

Geographical area

Europe, United Kingdom

City

London

Candidate criteria

Minimal education level

Bachelor Degree / BSc Degree or equivalent

Academic qualification / Speciality

In order to be considered for this position applicants must be educated to bachelor degree level or above with minimum classification of 2:1

Required skills

  • Good Capital Market products knowledge
  • Good knowledge of Counterparty risk controls on capital market activities
  • Efficiency. Capacity to produce optimized reports in a timely manner
  • Ability to pay attention to details
  • Good teamwork skills
  • Ability to prepare concise & high quality presentations
  • Effective Communication skills
  • Good knowledge of Microsoft Office
  • Capacity to participate to projects
  • Data visualisation skills (PowerBI)

Languages

English, (French desirable)