Counterparty Risk Analyst - Trading Risk & Infrastructure Team

Westren Capital is a London-based proprietary trading firm specialising in digital asset markets. Our risk team manages counterparty exposure across centralised and decentralised venues, covering derivatives, volatility strategies, and multi-asset systematic trading. The firm operates across centralized and decentralized markets with an emphasis on execution quality, infrastructure resilience, and disciplined risk management.

The Counterparty Risk Analyst sits within the Trading Risk & Infrastructure Team and works closely with trading, treasury, operations, and quantitative research functions to monitor and manage exposure across brokers, exchanges, clearing venues, banks, and OTC counterparties.

The role focuses on safeguarding the firm from counterparty failures, liquidity disruptions, settlement issues, collateral inefficiencies, and operational contagion risks across both traditional finance and digital asset ecosystems.

Responsibilities

• Monitor real-time counterparty exposure across exchanges, brokers, banks, custodians, and OTC trading venues
• Track collateral utilization, margin requirements, funding concentration, and liquidity fragmentation across portfolios
• Build internal risk dashboards for counterparty concentration, settlement risk, and exposure stress scenarios
• Evaluate financial health, operational reliability, and structural risks of trading counterparties
• Work with trading teams during periods of market stress, volatility spikes, or liquidity dislocations
• Analyze historical failure events, liquidation cascades, exchange outages, and systemic contagion patterns
• Coordinate collateral movements and treasury workflows to optimize capital efficiency while minimizing operational risk
• Assist in onboarding and due diligence processes for new counterparties, brokers, custodians, and exchanges
• Develop automated alerting systems for withdrawal delays, abnormal spreads, funding anomalies, or solvency concerns
• Collaborate with quantitative researchers and engineers to integrate counterparty risk signals into execution and allocation systems
• Produce internal reports covering exposure metrics, stress-test results, concentration limits, and risk recommendations
• Monitor regulatory developments and infrastructure risks affecting clearing, settlement, and custody ecosystems

Requirements

• Strong understanding of market structure, derivatives, margin systems, and prime brokerage mechanics
• Familiarity with exchange microstructure, clearing workflows, and collateral management principles
• Experience working with Python, SQL, or data analysis tools for monitoring and reporting
• Understanding of liquidation mechanics, leverage cycles, and systemic risk dynamics in financial markets
• Ability to interpret balance sheets, liquidity conditions, and operational risk indicators
• Strong analytical thinking with high attention to detail during fast-moving market conditions
• Comfortable working in a high-intensity quantitative trading environment with cross-functional teams
• Prior exposure to crypto markets, OTC trading, or treasury operations is a strong advantage
• Excellent written and verbal communication skills with the ability to summarize complex risks clearly

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