Associate, Counterparty Credit Risk - Corporate and Investment Banking

About the position

The Associate, Counterparty Credit Risk position in Corporate and Investment Banking involves ensuring adherence to the policies and procedures established by the company. The role includes managing policy, standard definition, and monitoring of policy implementation, ensuring harmonization and consistency of risk policies. The associate will monitor and manage risk/exposure and compliance with the company's policies, identify, manage, and report on the company's risk areas, and evaluate the adequacy and effectiveness of data, document retention, and monitoring systems.

Responsibilities

• Runs CCR models (stress testing, back testing, and settlement risk) that meet internal and external requirements.
• Assists in maintaining, testing, and improving CCR models; handles calibration, simulation, and pricing across all major asset classes.
• Formalizes testing protocols and processes to ensure that risk analytics deliverables that require system implementation are thoroughly tested, documented, and signed off ahead of production release.
• Assists in setting and monitoring CCR limits.
• Ensures key risks and issues are identified, documented, mitigated, and communicated to the appropriate stakeholders in a timely manner.
• Develops robust reporting to facilitate effective executive management requirements.
• Performs statistical analysis of large volume of financial data, such as historical data analysis.
• Works with IT on systems implementation.
• Oversees and ensures consistent quality control, accuracy, and compliance with internal policies and regulatory requirements for reporting processes.
• Manages risk analytics regulatory and BAU projects to ensure fulfillment of requirements and a timely delivery.
• Creates and maintains project plans and status reports.

Requirements

• 3-to-5-year experience within the financial industry.
• Bachelor's Degree in Statistics, Math, Finance, Accounting, Economics, or equivalent field.
• Knowledge of derivatives and lending products, stochastic calculus and linear algebra.
• Ability to analyze risk and design efficient control practices to manage risk.
• Ability to interact with all levels of management, work independently and in a team environment.
• Ability to multi-task, prioritize activities, manage conflicts of interest and meet deadlines.
• Demonstrated knowledge of credit policies, procedures, regulations and applicable law (SA-CCR and Basel III).
• Excellent written and verbal communication skills.
• Solid project management skills.
• Knowledge of SQL, Python, Microsoft Excel and PowerPoint.
• Proactive approach, initiative and resourcefulness.
• Entrepreneurial spirit and attention to detail.
• Team player.

Benefits

• Salary range: $76,875 - $130,000/year