Careers

Counterparty Credit Risk Manager

📁
Risk Management
📅
200354 Requisition #

Are you ready to explore a world of possibilities?

 

Join our DTCC family, and you’ll grow your expertise and become the best version of you. As you embark on a new journey, you’ll tackle challenges with flexibility and grace, learning new skills and advancing your career while having the time of your life.

 

About this Opportunity – Counterparty Credit Risk Manager

The Counterparty Credit Risk team is primarily responsible for assessing the financial stability of DTCC’s member firms by interpreting, but not limited to, focus filings, income statements, and balance sheets.  Each CCR analyst is responsible for a portfolio of Member firms and is required to perform annual reviews and ongoing surveillance, review earnings releases and reviewing new Member applications across the CCPs.  The analyst is also tasked with maintenance of the credit risk rating matrix and assessing compliance with established financial parameters and keeping current on new accounting and regulatory pronouncements that impact member firms.

 

Your Responsibilities:

The Counterparty Credit Risk Manager is responsible for leading and developing a team of credit analysts and providing oversight of a portfolio consisting of banks, broker-dealers, and other financial institutions.  

 

Principal Responsibilities:

·         Approve completed annual reviews and ongoing surveillance of member firms across clearing corporations.

·         Coordinate requirements for the design of credit risk monitoring tools to further automation.

·         Review credit thresholds for Treasury counterparties to assure adherence to policy standards. 

·         Liaise among internal departments, including CCPs, Legal, and Compliance, to maintain transparency when communicating with external members.

·         Manage and develop staff of approximately 3 analysts.

·         Oversee new member applications to ensure compliance with membership requirements.

·         Act as first-line of approval in placing member firms on enhanced surveillance.

·         Demonstrate the behaviors and competencies that create a risk management mindset in the organization.

·         Drive regulatory awareness and compliance and ensure adherence to risk-related policies and best practices.

·         Ensure compliance with CCR’s policies and procedures

Qualifications:

·       7+ years of counterparty credit analysis (banks and broker-dealers)

·       4+ years of managerial experience

·       Experience in financial statement analysis of numerous types of financial sector firms

·       Bachelors Degree in Accounting, Finance, Business or Economics.  MBA or CFA Preferred.

Talents Needed for Success:

·       Strong knowledge of financial statement analysis with a concentration in broker/dealers, banks, hedge funds, and foreign entities

·       Understanding of the regulatory financial reporting required for broker/dealers and banks such as FOCUS and Call Reports

·       Strong understanding of regulatory rules and regulations

·       Excellent understanding of global market risks and their impact on members’ financial condition

·       Robust analytical and problem-solving skills, attention to detail, self-starter/initiative

·       Demonstrate effective management skills, including ability to oversee a team of analysts & promote their development

 

 

Who We Are:

 

With over 45 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From operating facilities, data centers and offices in 16 countries, DTCC, through its subsidiaries, automates, centralizes and standardizes the processing of financial transactions, mitigating risk, increasing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm simplifies the complexities of clearing, settlement, asset servicing, data management, data reporting and information services across asset classes, bringing increased security and soundness to financial markets. In 2018, DTCC’s subsidiaries processed securities transactions valued at more than U.S. $1.85 quadrillion. Its depository provides custody and asset servicing for securities issues from 170 countries and territories valued at U.S. $52.2 trillion. DTCC’s Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes over 14 billion messages annually. To learn more, please visit us at www.dtcc.com or connect with us on LinkedIn, Twitter, YouTube and Facebook.

 




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