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Credit Risk Analyst
Credit Risk AnalystDRW • New York, NY, United States
Credit Risk Analyst

Credit Risk Analyst

DRW • New York, NY, United States
24 days ago
Job type
  • Full-time
Job description

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.

Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies : real estate, venture capital and cryptoassets.

We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.

We are seeking a detail-oriented and analytical Credit Risk Analyst to join our Credit Risk team. In this role, you will be responsible for monitoring and assessing the creditworthiness of counterparties engaged in our trading activities, evaluating exposure from market transactions, and ensuring effective controls are in place to manage credit risk in line with internal policies and regulatory requirements. You will collaborate with traders, portfolio managers, and other credit risk professionals to provide timely risk assessments and support informed decision-making.

Key Responsibilities

Counterparty Credit Assessment :

  • Conduct in-depth analysis of current and prospective counterparties, including financial statement analysis, credit ratings, and qualitative factors.
  • Assign and maintain internal credit ratings and propose credit limits.

Exposure Monitoring :

  • Calculate and monitor exposure arising from trading activities (e.g. derivatives, fixed income, equities, commodities, FX and digital assets).
  • Identify and assess potential wrong-way risk and concentration risk.
  • Risk Reporting :

  • Produce and deliver daily, weekly, and monthly credit exposure reports to stakeholders, ensuring accuracy and timeliness.
  • Highlight limit breaches or emerging risk trends and recommend mitigation measures.
  • Documentation & Compliance :

  • Ensure that all credit assessments, approvals, and limit changes are documented in accordance with internal policies.
  • Collaboration & Advisory :

  • Work closely with the trading desk to analyze deal structures and assess potential risks before trade execution.
  • Liaise with Credit, Legal and Operations teams on credit support annexes, collateral arrangements, ISDA and other credit documentation.
  • Risk Modelling & Methodology :

  • Support the development and maintenance of credit risk models, stress testing, and scenario analysis.
  • Contribute to enhancements in limit frameworks, exposure methodologies, and credit risk systems.
  • Qualifications

  • Bachelor’s degree in Finance, Economics, Accounting, Mathematics, or related field (Master’s degree or professional qualifications such as CFA / FRM preferred).
  • 2–5 years of experience in credit risk analysis, preferably in a trading or capital markets environment.
  • Prior exposure to derivative products, digital assets, fixed income, FX, or commodities trading.
  • Strong financial analysis and accounting knowledge.
  • Proficient in Microsoft Excel; experience with Power BI, SQL, Python, or R is an advantage.
  • Familiarity with risk management systems (e.g. Bloomberg, Reuters).
  • Excellent analytical, problem-solving, and organizational skills.
  • Strong communication skills to present complex concepts clearly to non-technical stakeholders.
  • Ability to work under pressure, meet deadlines, and maintain attention to detail.
  • Knowledge of traded financial instruments and markets.
  • Understanding of counterparty risk metrics and quantitative risk concepts (e.g., Potential Future Exposure).
  • Collaborative mindset with the ability to influence and challenge constructively.
  • The annual base salary range for this position is $90,000 to $140,000 depending on the candidate’s experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus. In addition, DRW offers a comprehensive suite of employee benefits including group medical, pharmacy, dental and vision insurance, 401k (with discretionary employer match), short and long-term disability, life and AD&D insurance, health savings accounts, and flexible spending accounts.

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    Credit Risk Analyst • New York, NY, United States

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