Risk Analyst

Job Description

Job Purpose

The Risk Oversight Department of ICE Clear Europe (ICEU) is the independent, second line of defense risk function that develops and manages the framework for identifying, assessing and reporting risks, and performs independent model validation. The department comprises an Enterprise Risk Management team, Model Risk Management team, Credit risk team, and a Regulation and Data Governance team and covers all risks faced by the clearing house, including model risk, conditional market risk, credit, liquidity, investment and operational risks.

The Junior Risk Analyst is part of the Risk Oversight Department within the second line of defence with specific responsibilities within ICEU. The candidate will be a key part of the team assisting with the execution of ICEU’s risk framework, covering all the risks faced by the clearing house, working closely with all business units and providing analysis and information directly to the senior management team. The responsibilities include assisting; risk metric monitoring, analysis and reporting in relation to risk appetite, collation of risk reporting for Risk and Board committees, conducting risk register and control assessments, inclusive of independent monitoring, and operational incident reviews of material incidents.

The second line of defense risk function provides the framework for identifying, assessing and ensuring appropriate transparency across the Enterprise Risk Register.

Responsibilities

• Risk identification, management, monitoring, reporting:
• Monitor daily risk appetite metrics, with investigation and escalation of breaches
• Preparing Management Information for Risk committees
• Maintenance & development of risk reporting infrastructure (tableau) for daily and periodic reporting
• Assist in the management of ICEU’s risk appetite framework, or specific aspects of it, including the setting of risk appetite statements and limits
• Assist risk identification on an ongoing basis, including providing views on new risks
• Assisting the Risk Oversight department in completing risk register assessments, inclusive of review and challenge.
• Assisting the Risk Oversight department in maintaining the control inventory, inclusive of review, challenge and independent monitoring.
• Assisting the review and challenge of the first line functions in their incident investigations
• Assist in providing input to relevant policies and procedures
• Providing any ad hoc support or assistance to other roles across the Risk Oversight Department as deemed necessary by managers
• Risk measurement methodologies, analytics and models:
• Assisting any necessary qualitative or quantitative assessment of risk as challenge to the regular risk measurement and assessment responsibility of the first line functions.
• Assist in the identification, development and implementation of new risk metrics and risk reporting.
• Assist the Risk Oversight Department in the provision of regular review and challenge to first line risk management, escalating any major risks and concerns in a timely manner.
• Risk reporting and communications:
• Assist in the production of daily and periodic risk reports/dashboards to Executive Management and Board Committees
• Maintaining industry awareness, best practice insight and regulatory knowledge with regards to operational risk management
  

Knowledge And Experience

• Bachelor’s, Master’s, or other advanced degree in Finance or a related discipline.
• Basic understanding of risk types, including market, credit, and liquidity risk.
• Basic knowledge of financial markets and financial market infrastructure.
• Strong practical experience using Tableau, including creating and maintaining dashboards (essential).
• Solid intermediate knowledge of SQL (essential).
• Confidence and ability to question, provide challenge, and present findings effectively.
• Maturity, self-awareness, active listening, and ability to build strong relationships and influence as required.
• Demonstrated ability to establish trust and authority.
• Clear and effective verbal and written communication skills.