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Credit Risk Associate

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Risk Management
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190079 Requisition #
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Business Unit: Global Chief Risk Office
Department:  Credit & Systemic
Job Family: Risk Management
Job Title: Credit Risk Associate
Corporate Title: Associate
FLSA Code (US Only): Exempt

Business Unit Description:

Our Risk Management teams work to protect the safety and soundness of our systems and are responsible for identifying, managing, measuring and mitigating a spectrum of key risk types including credit, market, liquidity, systemic, operational and technology in all existing and new products, activities, processes and systems.

Position Summary:

The incumbent will be responsible for assessing the creditworthiness of a portfolio consisting of banks, broker-dealers, and other financial institutions in support of the Counterparty Credit Risk (CCR) team.  

Specific Responsibilities:
  • Perform annual reviews, and ongoing surveillance, of member firms across clearing corporations, to assess the creditworthiness of member firms.
  • Work with internal departments, including CCPs, Legal, and Compliance, to maintain transparency when assessing potential risk exposures within member firms. 
  • Review new member full-service applications to assess the financial condition meets DTCC member requirements.
  • Present initial assessment, to management, for placing member firms on enhanced surveillance based on newly disclosed material events.
  • Adhere to risk-related policies and best practices of CCR.
  • Demonstrate the behaviors and competencies that create a risk management mindset in the organization.
  • Aligns risk and control processes into day to day responsibilities to monitor and mitigate risk; escalates appropriately
Leadership Competencies for this level include:
  • Accountability: Demonstrates reliability by taking necessary actions to continuously meet required deadlines and goals.
  • Global Collaboration: Applies global perspective when working within a team by being aware of own style and ensuring all relevant parties are involved in key team tasks and decisions.
  • Communication: Articulates information clearly and presents information effectively and confidently when working with others.
  • Influencing: Convinces others by making a strong case, bringing others along to their viewpoint; maintains strong, trusting relationships while at the same time is comfortable challenging ideas.
  • Innovation and Creativity: Thinks boldly and out of the box, generates new ideas and processes, and confidently pursues challenges as new avenues of opportunity.
Qualifications:
  • Minimum of 3-5 years of related experience
  • Bachelor's degree preferred with Masters or equivalent experience
About DTCC:

With over 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From operating facilities and data centers around the world, DTCC automates, centralizes, and standardizes the processing of financial transactions across the trade lifecycle and mitigates risk for thousands of institutions worldwide.

At DTCC we value on our clients' interests and partner to deliver superior results with excellence and innovation and lead with integrity. We proactively develop your potential and invest in your career.

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