Hiring for Credit Risk,CCR

What impact will you make?

Every day, your work will make an impact that matters, while you thrive in a dynamic culture of inclusion, collaboration and high performance. As the undisputed leader in professional services, Deloitte is where you'll find unrivaled opportunities to succeed and realize your full potential.

Deloitte is where you'll find unrivaled opportunities to succeed and realize your full potential the Team

Discover the various Financial Risk services, we offer to help organizations across the full life cycle of financial transaction. From governance and processes to technology and reporting, our services can enhance transparency, efficiency, compliance, and financial integrity.

Work you'll do

We are seeking an experienced risk management professional with deep expertise in Counterparty Credit Risk (CCR), Credit Risk, and Basel III / Basel 3.1 regulatory frameworks.

The role will involve identifying, assessing, measuring, and monitoring exposures across trading and banking book portfolios, ensuring compliance with global prudential regulations, and supporting strategic risk initiatives.

Key Responsibilities:

1. Counterparty Credit Risk (CCR) Management

• Monitor and manage CCR across derivative, securities financing, and structured products portfolios.
• Perform Potential Future Exposure (PFE), Expected Positive Exposure (EPE), Credit Valuation Adjustment (CVA), and Wrong-Way Risk (WWR) assessments.
• Review and approve limit frameworks, thresholds, and collateral eligibility.
• Validate internal models (IMM) and standardised approach calculations (SA-CCR) for capital adequacy.
• Liaise with Front Office, Quant teams, and Treasury to ensure correct trade capture and exposure modelling.

2. Credit Risk Management

• Assess creditworthiness of corporate, sovereign, and FI counterparties.
• Oversee internal rating methodologies (PD, LGD, EAD models) and stress testing frameworks.
• Monitor single-name, sectoral, and country concentration risks.
• Ensure credit approval processes are in line with risk appetite and regulatory standards.

3. Basel Regulations & Capital Adequacy

• Interpret, implement, and monitor compliance with Basel III / Basel 3.1, including:
• Credit Risk – Standardised Approach (SA) & Internal Ratings-Based (IRB).
• Counterparty Credit Risk – SA-CCR & IMM.
• CVA Capital Charge (SA-CVA & BA-CVA).
• Large exposures framework.
• Prepare capital impact analysis and regulatory submissions (Pillar 1, Pillar 2 ICAAP).
• Lead Basel change management projects and gap analysis vs PRA, ECB, FINMA, APRA, and other jurisdictions.

4. Risk Modelling & Analytics

• Collaborate with Model Validation to ensure quantitative methodologies comply with regulatory requirements.
• Perform portfolio-level scenario analysis and reverse stress testing.
• Provide insights on RWA optimisation and capital efficiency initiatives.

5. Governance & Stakeholder Management

• Present risk reports and recommendations to senior management, CRO, and Board-level committees.
• Liaise with Regulators, Internal Audit, and external consultants during reviews and inspections.
• Provide training and guidance on CCR, Credit Risk, and Basel topics to junior team members.

Required Qualifications & Experience

• Education: Master's degree in Finance, Risk Management, Economics, or a quantitative discipline.
• Experience: 4–12 years in credit risk, counterparty risk, or regulatory capital roles within a bank, investment firm, or Big 4 risk advisory.
• Regulatory Expertise:
• Proven hands-on experience with Basel III / Basel 3.1 requirements.
• Familiarity with PRA, ECB, FINMA, APRA, MAS, or other major regulatory regimes.
• Technical Skills:
• Strong knowledge of SA-CCR, IMM, CVA, PD/LGD/EAD models.
• Familiarity with Moody's RiskAuthority, QRM, Murex, Calypso, Bloomberg, or equivalent systems.
• Advanced proficiency in Excel, VBA, and statistical tools (Python, R, SAS).
• Soft Skills:
• Strong analytical and problem-solving abilities.
• Excellent communication skills to influence cross-functional teams and senior management.

Preferred / Desirable

• CFA, FRM, PRM, or equivalent certification.
• Prior experience in Basel regulatory transformation projects.
• Exposure to climate risk and ESG-related credit risk factors.

KPIs & Success Measures

• Accuracy and timeliness of exposure calculations and RWA reporting.
• Compliance with Basel and internal governance requirements.
• Reduction in unexpected CCR losses and breaches.
• Successful delivery of regulatory change projects on time.

How you'll grow

At Deloitte, our professional development plan focuses on helping people at every level of their career to identify and use their strengths to do their best work every day. From entry-level employees to senior leaders, we believe there's always room to learn. We offer opportunities to help build world-class skills in addition to hands-on experience in the global, fast-changing

business world. From on-the-job learning experiences to formal development programs at Deloitte University, our professionals have a variety of opportunities to continue to grow throughout their career. Explore Deloitte University, The Leadership Centre.