Counterparty Exposure Agent
Aggregates counterparty credit exposure across the trading book.
Pulls every derivative, repo and SFT position against a counterparty across every system, nets it under the master agreements, and emits one netted exposure picture per counterparty (current exposure and PFE) instead of a number per system. Recomputes live on each position change, not on an end-of-day batch.
Authority
Monitor and escalate
Team role
Completes a defined task
Handoffs
Named collaborators
The role
What it owns and where its authority ends
Desk
Credit Risk
Desk workflow
Spreading financials, then rating and scoring, then annual and event-driven loan review, then covenant monitoring, then watchlist, then portfolio concentration analysis.
Collaboration
Calls several specialists in parallel
Decision boundary
Monitors the work and escalates conditions outside its limits.
Systems and capabilities involved
Trade + collateral systems
positions, margin, CSAs
Netting / PFE engine
Limit framework
Handoffs
What this role gives and receives
Capabilities offered
The handoffs name the next owner or specialist and the work that moves between them.
Handoff to
External handoff
Counterparty trading desks in Markets (position source)
Context
What the role needs to do the work
- Current work
- The counterparty's live positions, collateral, and netting sets.
- Prior interactions
- Not specified for this role.
- Policies and reference
- Master-agreement / CSA netting rules, exposure methodology.
- Working method
- Not specified for this role.
Checks and boundaries
What must be tested or reviewed
- 01Daily reconciliation against the official end-of-day exposure batch; breaks investigated.
- 02Calculation methodology model-risk validated (SR 11-7).
- 03Immutable lineage from headline exposure back to source trades.
Human authority
Monitors the work and escalates conditions outside its limits.
Keep exploring