Saxo Bank

Risk Manager in Counterparty Risk

The job

The Counterparty Risk department is looking for a Risk Manager to join the Copenhagen office. This is an excellent opportunity to be a part of the Bank’s Real-Time Risk Management project. This is a prioritized project, with high ambitions to take risk management to the next level in Saxo Bank which is important in supporting the bank’s strategy of growing in the partner space. The Counterparty Risk team consists of different sub-teams and this role will be part of the newly established Collateral Management team, which is part of the 1st line of defense. The team is responsible for correct and efficient monitoring in real-time of Partners and Financial clients to ensure counterparty risks are handled in a prudent manner. During 2020, the bank has big ambitions in this area and is seen as an important part of the bank’s strategy. Furthermore the regulatory landscape is changing significantly, which means the processes and tools needs to be developed to ensure compliance.

In this position you will have a key role in the team responsible for monitoring some of the most important counterparties of the bank. You will also be part of development of new tools and frameworks to be able to monitor and manage risk in real-time. The department will interact with many different stakeholders in the bank such as Group Treasury, Financial Risks, Legal, Trading & Market Access, which means that you will gain an understanding of several different areas of the bank. 

Among others, you will be responsible for:

  • Support in developing and enhancing existing monitoring and processes, related to for example margin call, default management and collateral management
  • Daily monitoring and handling of counterparty risk/collateral issues
  • Project work related to development of the Bank’s counterparty risk & collateral management framework
  • Elicit business requirements for IT related development
  • Engage with and support Sales in implementing/coordinate new risk initiatives

Your Profile

As a person you come across as very organized and with the ability to multi-task. You thrive working in an agile environment, where technology is at the core, and you are keen about learning new things. You are not afraid of approaching complex problems and you have the ability to present them in a manner that makes them easy to understand.

Further, we are looking for a candidate with the following qualifications:

  • Master’s degree in Finance, Economics or Engineering
  • 1-3 years’ experience from the financial industry and risk management
  • Solid interest and understanding of different financial instruments (FX, Cash Equities, Bonds, CFDs and Options) and the risks inherent to derivatives
  • Strong quantitative and analytical skills, including good knowledge of market risk concepts 
  • Knowledge of counterparty risk mitigating frameworks and collateral management processes
  • Experience with Risk/Front Office systems and eliciting business requirements for IT development is a plus    

Furthermore, you are expected to:

  • Thrive on finding intelligent and automated solutions
  • Take ownership and be a team-player
  • Have strong verbal and written communication skills in English, as you will engage with our global organization daily

We offer:

  • A chance to join a truly growth-embracing culture, which will commit to helping you grow personally and professionally
  • An opportunity to work as part of a dynamic, very ambitious and, at the same time, informal and pleasant working environment
  • A competitive salary plus benefit package

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  • Region Hovedstaden

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Expected Start Date:

Soonest possible




Mikael Wallén

Telephone: +45 39776052

Company homepage:

Office address:

Philip Heymans Allé 15 2900 Hellerup