Your work environment
Financial Markets (FM) is the bank’s gateway to the professional markets worldwide. The organisation provides products, services, and advisory to global clients and aims to remain a leading player across core and selected international markets.
Within FM, the Counterparty Risk & Exposure Management domain is a strategically critical capability, underpinning the bank’s ability to measure, control, and optimise counterparty credit exposure across all traded products while ensuring full compliance with regulatory frameworks.
Your role
As Product Manager IPA Counterparty Risk & Exposure Management, you are responsible for the end-to-end ownership of the Counterparty Credit Risk (CCR) domain within the IPA landscape, including exposure management, collateral, and capital calculations.
You operate at the centre of a highly complex, cross-functional and regulatory-critical environment, leading the product across Business, Risk, and Technology stakeholders globally.
You:
- Define and drive the product vision, architecture, and roadmap for counterparty risk and exposure management
- Lead multiple squads and Product Owners, ensuring alignment across delivery streams
- Operate as the single accountable owner for CCR-related initiatives, including key regulatory frameworks such as CCR, FRTB-CVA, and SIMM.
- Steer execution under high delivery pressure, balancing regulatory requirements with scalable platform evolution
- Drive the transition towards a target-state risk platform, embedding legacy capabilities into a unified architecture
- Combine deep domain expertise with strong product leadership to ensure that the organisation can accurately measure, manage, and optimise counterparty exposure at scale.
Your responsibilities
Product Management & strategy
- Own the full Counterparty Risk & Exposure Management product suite end-to-end
- Define and execute the product roadmap, aligned with regulatory, risk, and commercial priorities
- Lead strategic initiatives such as:
- CCR platform transformation and IPA migration
- FRTB-CVA capital and reporting implementation
- SIMM and collateral optimisation frameworks
- Drive development of foundational capabilities, including canonical data models for risk services
Delivery leadership
- Lead a multi-squad delivery organisation, ensuring prioritisation across complex and interdependent initiatives
- Manage execution of regulatory-driven programmes and critical risk infrastructure, including:
- Exposure calculation (EAD, PFE)
- Collateral and netting optimisation
- Stress testing and capital reporting
- Ensure delivery under tight timelines and external scrutiny (regulatory and audit findings)
Stakeholder & governance management
- Act as primary point of contact for senior stakeholders across Trading, Risk, Finance, Operations, and IT
- Navigate a large, cross-functional stakeholder landscape, aligning conflicting priorities and ensuring decisions at pace
- Represent the CCR domain in governance forums and regulatory interactions
Platform and architecture evolution
- Drive standardisation and integration across platforms such as ACR, Murex, IPA, and Risk engines
- Lead the evolution towards scalable, data-driven risk services architecture
- Ensure alignment with enterprise data and platform strategy
People & leadership
- Functionally lead Product Owners and senior contributors across the domain
- Foster a culture of ownership, delivery discipline, and continuous improvement
- Coach teams to operate in a high-pressure, high-complexity environment
Unique strengths:
This role requires a Product Manager who has demonstrably:
- Full domain ownership capability
Proven ability to own and lead an entire Counterparty Credit Risk domain, including regulatory scope (CCR, FRTB-CVA, SIMM) and associated platforms - Execution under regulatory pressure
Track record of delivering critical initiatives under regulatory scrutiny, including stress testing, capital calculation, and audit remediation topics - End-to-end programme leadership
Experience leading large-scale programmes such as the CCR programme, requiring coordination across Business, Risk, and Technology - Deep understanding of risk platforms and data flows
Ability to design and evolve complex ecosystems covering exposure calculation, collateral management, and reporting (ACR, IPA, Murex integrations) - Strong product vision and architectural thinking
Demonstrated ability to define a clear target-state architecture and roadmap, including development of canonical data models and integrated risk services - High stakeholder visibility and trust
Recognised as a key contact across trading desks and risk stakeholders, with strong domain credibility and influence - Consistent delivery performance in complex environments
Proven ability to manage multiple high-impact delivery streams simultaneously while maintaining quality and continuity
We are looking for
A Product Manager displaying the following behaviours:
- Minimum 10+ years of experience in Financial Markets, with a strong focus on Counterparty Credit Risk and Exposure Management
- Extensive experience in CCR, xVA, collateral, and regulatory capital frameworks (FRTB-CVA, SIMM)
- Proven track record as a Product Manager or senior Product Owner in complex, enterprise-scale environments
- Experience leading cross-functional, global delivery organisations
- Proven track record and technical skills:
- Deep expertise in counterparty risk methodologies (EAD, PFE, collateral, netting, capital)
- Strong understanding of risk platforms and data architectures
- Ability to operate in regulatory-driven environments with high delivery pressure
- Excellent stakeholder management and influencing skills at senior levels
- Strong leadership capability in managing distributed, multidisciplinary teams
- Ownership mindset with full accountability for outcomes
- Ability to combine strategic vision with hands-on delivery steering
- High resilience and ability to perform under pressure
- Strong communication skills, able to translate complex risk topics into clear business impact
We offer you
A clear purpose, a unique offer and a range of flexible compensation and other benefits:
- A 40-hour working week
- An informal working environment with innovative colleagues
- Work Agile, so new ideas come to life faster
