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Credit Risk Analyst, EMEA

MarketAxess

London

Investment Banking Internship 2025

HSBC

United Kingdom

Software Engineer - Summer Analyst 2025 (Banking)

Topgrad

United Kingdom

Credit Risk Analyst, EMEA

MarketAxess

London

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The Role

The Credit Risk Analyst will be focused on counterparty credit risk analysis within capital markets. Counterparties include banks, asset managers, hedge funds, broker-dealers, and other financial institutions. The role relates directly to the firm's Open Trading platform, whereby MarketAxess acts as counterparty to both the buyer and seller of bonds in a matched principal capacity, thereby taking on both financial and reputational risk. You will be part of a broader Global Team and will support and work directly with the Senior Credit Risk Associate in EMEA, and Head of Credit & Market Risk for the EMEA & APAC regions

How You’ll Make an Impact

Provide coverage of the Open Trading Desk by timely response to limit breach alerts and queries; ad-hoc reporting; and general support of more senior members of the team – notably the Senior Credit Risk Associate in London, and Head of Credit & Market Risk, for the EMEA & APAC regions.

The Credit Risk Analyst also has responsibility for the credit risk assessment of existing and potential counterparties transacting on the Company’s bespoke Open Trading platform. You will assign and manage credit limits while maintaining sound judgment and controls in order to mitigate counterparty credit settlement risk, market risk and reputational Risk. Your remit will focus predominantly on a subset of EMEA-based counterparties but will also include entities domiciled in the Americas and APAC regions.

Maintain close engagement with the OT Desk, including timely response to limit breaches and processing of temporary credit limit increases
Regularly monitor and report on credit exposures and KRIs; taking minutes at various meetings, including Credit Committees
Ensure that Credit systems are up to date with correct and relevant information
Support the Senior Credit Risk Associate in EMEA and the Head of Credit & Market Risk for the EMEA & APAC regions in the overall management of the Credit & Market risk function
Act as a Sales Liaison for collating all relevant information needed for the onboarding of new EMEA OT accounts
Write Credit Memos for the Credit Committee to assess potential new counterparties: This involves analysing financial results and interpreting relevant metrics, while also considering qualitative aspects to assess overall creditworthiness
Perform ongoing credit analyses of existing counterparties to renew credit lines: considering the individual business model, financial profile and performance. Counterparties include banks, asset managers, hedge funds, broker-dealers, and other financial institutions
Work with a variety of teams within the business, including Sales; Settlements; Legal & Compliance and Customer Services in order to ensure the smooth running of the Credit Process.

What We’re Looking for

Bachelor's degree required (2.1 or above), finance or economics concentration preferred
1+ years of experience in credit risk analysis for financial institutions (e.g. asset managers, broker dealers, banks, hedge funds)
Experience with MS Office Suite, notably Excel and Word
Results-driven and detail-oriented with the ability to prioritize multiple tasks simultaneously
Ability to tackle business problems with creative solutions
Analytical, quantitative, verbal and written communication skills
Ability to see situations holistically, while also being able to distil information into key components
Strong relationship builder who values giving and receiving feedback and is agile and eager to learn
Self-Starter: Must be proactive and able to work well independently
Team player: Must be comfortable working with and supporting the greater global team, as well as being able to relate to a variety of stakeholders at various levels of seniority throughout the firm

What You Can Expect from Us

Central Location: based at our city offices near St Paul's.
Free Food: We provide lunch each day of the week when the employee attends the office via our vendor Feedr as well as breakfast cereals, office snacks and drinks from our free vending machines
Paid Time Off: 25 days annual leave entitlement plus 2 charity days
Reward for your service: We offer a two-week bonus holiday after completing each 5 years of service
Core benefits: Besides competitive standard benefits package we offer private medical (PMI) for family, Cash Plan, health screenings, dental cover, 6X life assurance, critical illness cover, income protection, pension, car leasing (Tusker electronic cars), reimbursement for wellness stipend, interest free season ticket loan and a “Share Incentive” plan
Tuition Assistance and Professional Training: Benefit from on-demand learning, boot camps, and opportunities to attend conferences

Collaboration and innovation are integral to our success – it's how we got to where we are and how we’ll maintain and grow our competitive advantage. We believe this best happens in an office environment. Employees work in the office 4 days a week. This approach still allows for flexibility depending on the business function you work within but also helps us maintain a collaborative office environment long-term.

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