Euronext Clearing – Credit Risk Analyst Role Summary Euronext Clearing is Euronext's multi-asset clearing house. It is the CCP of choice for Euronext's cash, financial and commodity derivatives markets across Europe, offering a harmonised clearing framework across Euronext venues.
Euronext Clearing offers clearing services for cash products (equities, ETFs, structured products, warrants and bonds) on Euronext's cash markets in Amsterdam, Brussels, Dublin, Lisbon, Milan and Paris, on Italian equity derivatives and fixed income markets, and on repos on Italian government bonds. It will soon also offer clearing for Euronext listed commodity derivatives (MATIF) and financial derivatives on Euronext Amsterdam, Brussels, Lisbon, Oslo and Paris. Euronext Clearing ensures the efficient and safe functioning of the markets it serves through the mitigation of counterparty risk and the provision of robust risk management. It is committed to contributing to the protection of its members and their clients across multiple jurisdictions in Europe, providing best-in-class CCP services for trades on financial instruments admitted to trading on the regulated markets and MTFs it clears and delivering its services in an equitable, transparent and non-discriminatory manner.
Key Responsibilities The Credit Risk Team, part of the Risk Management Department, is in charge of the credit-risk controls executed in the admission process to the Clearing and Guarantee System managed by Euronext Clearing, monitoring of Clearing Members' creditworthiness after the admission and development of Due Diligence framework to properly monitor Clearing Members' risk-driven indicators that can impact the soundness of financial markets.
The Applicant taking on Credit Risk role will be accountable for the following activities:
Active participation in the admissions process of new Participants to the Clearing System and membership profiles' changes, aimed at evaluating the fulfilment of the CCP Rulebook and Credit Risk standards; Monitoring the maintenance of membership requirements according to timelines established by Euronext Clearing's Rules and Regulations; Data Analysis activities for the provision of figures and data regarding CCP membership structure; Enhancement of Credit-risk controls performed on CCP members; Design, development and implementation of Due Diligence questionnaire, in line with international best practices; Interaction in a multi-cultural fast-paced environment in line with European exposure of the Euronext Group that covers different European Markets (Amsterdam, Brussels, Dublin, Lisbon, Milan, Paris, Oslo). Additionally, the abovementioned role will be also involved in the following activities:
Participation in Euronext Clearing transformation project from Italian CCP to pan-European CCP; Enhancement of the Customer Analytics by means of the definition of dedicated KPIs and the creation of Robotic Process Automations to manage Credit Risk data archives, enhancement of the Credit Risk evaluation and clients' account management; Enhancement of the Credit Risk model in line with market practice and the new Regulatory Framework of Euronext Clearing, in cooperation with the Risk Management Department; Conducting inspections and audit process on-site at Clearing Member's premises, according to the timelines established by Euronext Clearing regulations; Enhancement of the set of compliance checks (KYC – Know Your Client and Anti Financial Crime) on the customer base. Candidate Profile The ideal candidate has:
Master degree in Economics, Finance, Statistics, Mathematics; Knowledge of Credit Risk Management; Very Good knowledge of programming languages (e.g. Python, Matlab, VB, Java, C++,…) and Microsoft Office Package; Knowledge of Data Analytics and Data Management; Problem-solving attitude, flexibility to cover shifts and out-of-the-box thinking; Team working attitude; Fluency in both spoken and written English; Between 0-2 years working experience; (preferred) previous experience in banking/investment banking or consulting firms. We are proud to be an equal opportunity employer. We do not discriminate against individuals on the basis of race, gender, age, citizenship, religion, sexual orientation, gender identity or expression, disability, or any other legally protected factor. We value the unique talents of all our people, who come from diverse backgrounds with different personal experiences and points of view and we are committed to providing an environment of mutual respect.
Additional Information This job description is only describing the main activities within a certain role and is not exhaustive. It does not prevent the addition of more tasks or projects.
About Us Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With close to 1,930 listed issuers and around €6.3 trillion in market capitalisation as of end December 2022, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe's leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.
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