Risk Analyst

Monex Europe is part of the Monex Group, an international financial services group with over 2,800 employees worldwide. With offices in the UK, Spain, the Netherlands, Canada and Singapore, we provide foreign exchange and payment solutions to businesses and institutions across the globe.

We are growing across Europe and looking for people who want to make an impact in a dynamic, international environment. At Monex, you will work alongside experienced professionals in a collaborative culture that values integrity, accountability and a strong focus on our clients, with real opportunities to learn and develop your career.

About the role

As a member of the Risk team, the Risk Analyst is responsible for supporting the assessment, monitoring and management of both counterparty and credit risk exposures across Monex Europe. The role involves assessing the creditworthiness of counterparties and borrowers, reviewing financial statements, monitoring risk indicators and exposures, supporting collateral negotiations in conjunction with Front Office, and contributing to the development of robust credit risk practices.

Given the company's strategic evolution towards the provision of credit facilities, the Risk Analyst will play an active role in supporting credit underwriting, portfolio monitoring and ongoing borrower reviews in line with the firm's risk appetite and regulatory requirements.

The role will primarily support the Amsterdam branch and the Dutch market, working closely with Front Office, clients and other stakeholders in the Netherlands.

Key Responsibilities & Accountabilities

Providing assistance and support to the Risk team in any risk related matters, such as:

• Carrying out financial analysis on the group’s client and liquidity provider counterparties and making recommendations in line with best practice and the group’s risk appetite.
• Conduct credit assessments for prospective and existing borrowers, including financial analysis and repayment capacity reviews.
• Assist in the preparation of credit recommendations and facility proposals for approval.
• Support the implementation and continuous enhancement of the firm's credit risk framework, policies and procedures.
• Managing multiple margin requests in a timely and effective fashion, producing well-researched and accurate credit reports, and working directly with colleagues across business units and across borders to address credit requests and issues.
• Striving to drive and develop processes and procedures to limit risk and to improve credit risk management efficiency.
• Preparing margin facility proposals for consideration by the client and management.
• Assisting with the preparation of any risk related documentations, including collateral agreements, ISDAs, guarantee agreements, etc.

Monitoring counterparty risk exposures, such as:

• Calculating the Mark to Market value of an open position.
• Ensuring that the credit risk exposure of a client is within the risk limits.
• Monitoring and reporting on a client’s initial margin and variation margin position.
• Monitoring and reporting the exposure concentration of the group’s margin term portfolio.
• Escalating limit excesses appropriately to management.

General risk-related responsibilities, such as:

• Monitoring the progress of a margin call.
• Understanding the risk policy framework in the context of the group’s overall
• risk appetite.
• Coordinating stress analysis on a client’s credit profile.
• Producing risk analysis and risk information reports for the management ‘s review.
• Monitoring changing market conditions that might affect the credit quality of
• the group’s credit risk exposure. Providing timely alert to the management for appropriate actions.
• Creating and implementing rules and ideas in raising the risk management
• standard of the business and raising the front office’s risk awareness.
• Coordinating the risk committees, including producing papers, taking minutes and following up on all action points.

Requirements

• 1-3 years of experience in Credit Risk within a banking environment, including credit assessment, financial analysis, borrower monitoring, credit underwriting and portfolio management
• Advanced English and Dutch, French or German (written and spoken)
• Experience analysing financial statements and assessing the repayment capacity of corporate clients
• Strong technical skills, including VBA and Excel
• Good understanding of financial products, especially FX Forwards, Non-deliverable forwards and Options 
• Degree in Business Administration, Finance or a related field