Crédit Agricole Indosuez is looking to hire a credit analyst to evaluate the firm's counterparty risk in cash and derivatives transactions with other financial institutions. The role, a new one, has been created as the bank decentralizes its counterparty credit analysis from Paris into satellite offices, said Nils Johnson, manager of the financial institutions department in London.
Johnson himself started earlier this month; he was previously a foreign exchange salesman at the bank. The new recruit will report to him. "We want someone with a derivatives background to look after credit risk with fund managers, banks, brokers and insurance companies," Johnson said. The hire would be part of a three-person team in London with Johnson and one other junior member. Indosuez is spreading its credit analysis to regional offices to have people closer to the ground, Johnson said, adding it plans to open a credit risk department in Tokyo as well.