Credit Risk Analyst

Credit Risk Analyst

Department: Finance

Employment Type: Permanent - Full Time

Location: London

Reporting To: Steve Allen

We are looking for a Credit Risk Analyst to own the assessment, approval, and ongoing monitoring of client credit limits and forward facilities. You will sit at the intersection of commercial growth and risk control: enabling the sales and dealing desks to win and serve clients, while protecting the firm from credit losses. This is a hands‑on role with real ownership of decisions, ideal for someone who enjoys combining rigorous financial analysis with fast‑moving, market‑driven judgement.

• Assess the creditworthiness of new and existing clients using financial statements, management accounts, credit reference data, and qualitative factors.
• Recommend, set, and document appropriate credit limits, tenor, and margin terms for forward contract facilities in line with the firm's risk appetite.
• Partner closely with sales and dealing teams to balance commercial opportunity against risk, providing clear, timely credit decisions that support deal velocity.

• Manage margin and collateral requirements; identify, initiate, and track variation margin calls when client positions move out of the money.
• Track limit utilisation daily and escalate breaches, deteriorating credit quality, or concentration risks promptly.
• Conduct periodic credit reviews and annual facility renewals, adjusting limits as client circumstances and market conditions change.
• Support stress testing and scenario analysis on the forward book (e.g., adverse FX moves, single‑name default, sector shocks).

• Aide credit assessment of counter parties and other key suppliers.
• Maintain credit policy and procedure documentation, and ensure decisions are compliant with internal policy.
• Prepare and contribute to credit and exposure reporting for the Risk Committee and senior management. Implement process improvements, automation and simplification.
• Respond to ad‑hoc requests, investigating specific risk issues and providing insight to support business decisions.

• Credit losses contained within appetite – bad debt and default‑related losses kept within agreed risk‑appetite thresholds.
• Decision turnaround – credit applications assessed and decided within agreed SLAs, supporting commercial speed without compromising rigour.
• Exposure accuracy and control – MTM monitoring and margin calls executed accurately and on time, with limit breaches detected early.
• The general Credit portfolio book provides a good return on capital, compared to other investment opportunities
  .
• Stakeholder confidence – sales, dealing, and senior management view the role as a trusted, commercially aware partner rather than a blocker.
• Audit and regulatory readiness – clean, well‑documented credit files and policies that stand up to internal audit and external stakeholders.

• Experience in credit risk analysis, ideally within FX, payments, banking, or another financial services environment.
• Degree in finance, economics, accounting, mathematics, or a related discipline – or equivalent practical experience.
• Understanding of Credit Reference Agency data and its practical application.
• Strong financial statement analysis skills – able to interpret company accounts, assess liquidity and solvency.
• Excellent verbal and written communication skills.
• A true team player with a winning mentality and strong work ethic committed to continuous improvement and high performance.
• Adaptable, tenacious and flexible who can perform under pressure.

We believe great people do their best work when they feel supported, rewarded, and empowered to grow. That’s why we offer a benefits package designed to support your career, wellbeing, finances, and life outside of work.

• 25 days’ annual leave, plus bank holidays; an extra day off for your birthday; holiday loyalty scheme rewarding long‑term service; work abroad scheme for added flexibility.
• Competitive pension scheme via salary exchange; annual discretionary bonus scheme (eligible after probation); financial…