Back to jobs
New

Credit Risk Analyst

Houston

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.

For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at https://drw.com/privacy-notice.

California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice.

#LI-DW1

Apply for this job

*

indicates a required field

Resume/CV

Accepted file types: pdf, doc, docx, txt, rtf

Cover Letter

Accepted file types: pdf, doc, docx, txt, rtf

Select...
Select...

Voluntary Self-Identification

For government reporting purposes, we ask candidates to respond to the below self-identification survey. Completion of the form is entirely voluntary. Whatever your decision, it will not be considered in the hiring process or thereafter. Any information that you do provide will be recorded and maintained in a confidential file.

As set forth in DRW ’s Equal Employment Opportunity policy, we do not discriminate on the basis of any protected group status under any applicable law.

Select...
Select...
Race & Ethnicity Definitions

If you believe you belong to any of the categories of protected veterans listed below, please indicate by making the appropriate selection. As a government contractor subject to the Vietnam Era Veterans Readjustment Assistance Act (VEVRAA), we request this information in order to measure the effectiveness of the outreach and positive recruitment efforts we undertake pursuant to VEVRAA. Classification of protected categories is as follows:

A "disabled veteran" is one of the following: a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs; or a person who was discharged or released from active duty because of a service-connected disability.

A "recently separated veteran" means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval, or air service.

An "active duty wartime or campaign badge veteran" means a veteran who served on active duty in the U.S. military, ground, naval or air service during a war, or in a campaign or expedition for which a campaign badge has been authorized under the laws administered by the Department of Defense.

An "Armed forces service medal veteran" means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985.

Select...

Voluntary Self-Identification of Disability

Form CC-305
Page 1 of 1
OMB Control Number 1250-0005
Expires 04/30/2026

Why are you being asked to complete this form?

We are a federal contractor or subcontractor. The law requires us to provide equal employment opportunity to qualified people with disabilities. We have a goal of having at least 7% of our workers as people with disabilities. The law says we must measure our progress towards this goal. To do this, we must ask applicants and employees if they have a disability or have ever had one. People can become disabled, so we need to ask this question at least every five years.

Completing this form is voluntary, and we hope that you will choose to do so. Your answer is confidential. No one who makes hiring decisions will see it. Your decision to complete the form and your answer will not harm you in any way. If you want to learn more about the law or this form, visit the U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) website at www.dol.gov/ofccp.

How do you know if you have a disability?

A disability is a condition that substantially limits one or more of your “major life activities.” If you have or have ever had such a condition, you are a person with a disability. Disabilities include, but are not limited to:

  • Alcohol or other substance use disorder (not currently using drugs illegally)
  • Autoimmune disorder, for example, lupus, fibromyalgia, rheumatoid arthritis, HIV/AIDS
  • Blind or low vision
  • Cancer (past or present)
  • Cardiovascular or heart disease
  • Celiac disease
  • Cerebral palsy
  • Deaf or serious difficulty hearing
  • Diabetes
  • Disfigurement, for example, disfigurement caused by burns, wounds, accidents, or congenital disorders
  • Epilepsy or other seizure disorder
  • Gastrointestinal disorders, for example, Crohn's Disease, irritable bowel syndrome
  • Intellectual or developmental disability
  • Mental health conditions, for example, depression, bipolar disorder, anxiety disorder, schizophrenia, PTSD
  • Missing limbs or partially missing limbs
  • Mobility impairment, benefiting from the use of a wheelchair, scooter, walker, leg brace(s) and/or other supports
  • Nervous system condition, for example, migraine headaches, Parkinson’s disease, multiple sclerosis (MS)
  • Neurodivergence, for example, attention-deficit/hyperactivity disorder (ADHD), autism spectrum disorder, dyslexia, dyspraxia, other learning disabilities
  • Partial or complete paralysis (any cause)
  • Pulmonary or respiratory conditions, for example, tuberculosis, asthma, emphysema
  • Short stature (dwarfism)
  • Traumatic brain injury
Select...

PUBLIC BURDEN STATEMENT: According to the Paperwork Reduction Act of 1995 no persons are required to respond to a collection of information unless such collection displays a valid OMB control number. This survey should take about 5 minutes to complete.