Counterparty Risk Manager

We are looking for a new colleague to strengthen our growing Counterparty Risk team. You will be responsible for safeguarding the bank’s capital and enabling profitable client business. You ensure correct processing and reporting of Counterparty Risk relevant data and exposures.

In Commerzbank Counterparty Risk Cluster we provide efficient derivatives and financing business counterparty risk management. We utilize modern agile working methods to maximise our output to the customer business. Our larger team is split into two sub‑teams, one in Frankfurt and one in Prague, which collaborate together.

Your tasks

System Improvement and Testing

• Perform automation tasks independently using Python and SQL to improve efficiency and streamline processes.
• Determine required enhancements to current systems and specify these improvements in collaboration with IT teams.
• Provide close operational support for the implementation of process upgrades to ensure effectiveness and efficiency.
• Conduct User Acceptance Testing (UAT) for scheduled system releases as well as emergency updates within the Counterparty Risk Infrastructure.

Risk Monitoring and Reporting

• Monitor and report counterparty, settlement, and issuer risk across the Traded Products portfolio.
• Investigate and escalate limit breaches in a timely and efficient manner.
• Conduct exposure monitoring and produce detailed reports on key risk areas, including indirect credit risk, concentration risk, and wrong‑way risk.

Initial Margin Dispute Management

• Handle bilateral Initial Margin dispute analysis and resolution under ISDA SIMM and GRID.
• Foster effective communication with counterparties to resolve dispute cases.
• Identify vulnerabilities and weaknesses and develop strategies to mitigate them appropriately.
• Help to automate what‑if calculation of Initial margin.

Data Analysis and Quality Assurance

• Perform plausibility and sanity checks on data sourced from front‑office trading systems (e.g., Murex, Summit, Apex) and support systems.
• Conduct comprehensive collateral data checks and investigate discrepancies, specifically in the context of netting and collateral flagging processes.

Your profile

Technical

• Python
• SQL
• MS Office – Excel (including basics of VBA)
• Process automation experience

Personal

• University degree in business / technology / finance administration or related field of study.
• At least basic knowledge of financial derivatives and interest in the field of financial derivatives.
• Previous experience in Counterparty risk management (or related fields e.g. Credit/Market risk) is appreciated.
• Conceptual approach, good coordination and organizational skills.
• Strong communication skills and team spirit.
• Good communication skills in English.

The company

In Commerzbank Digital Technology Centre Prague, we are transforming a traditional bank into a digital agile enterprise! We provide a wide range of various IT solutions, .Net and Java development, services in the area of application operation and infrastructure. As a part of Commerzbank Group, we work closely together with the Delivery Organisation of more than 50 different Clusters in our Headquarter in Frankfurt and around the globe.

We are looking for thinkers with unconventional ideas and in return, we offer the freedom to create your own job with your own vision, wide range of benefits including home office. Sounds interesting?

Contact

Send us your professional details and we will contact you right away. You will meet your team lead as well as a technology expert to discuss all that interests you. We are happy to meet you in person and show you the office or we can get in touch via e-tools (audio/video conferencing).