Counterparty Credit Risk (Analyst or Manager)

Synovus•Homewood, AL

13d

About The Position

Assist in building out the Counterparty Credit Risk (CCR) Management program to align with SR 11-10. Unlike credit risk of a loan, where only the lending banking organization faces the risk of loss, CCR creates a bilateral risk of loss because the market value of a transaction can be positive or negative to either counterparty. Therefore, CCR is multidimensional and can be affected by the credit quality of the counterparty, both of which are sensitive to market-induced changes. It is also affected by the interaction of these risks, for example, the correlation between an exposure and the credit spread of the counterparty, or the correlation of exposures among the banking organization's counterparties. The individual would help construct an effective risk management framework that incorporates prudent oversight and framework development, risk measurement, management reporting of exposures, and coordination of other activities (such as interconnectedness with market risk). The information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. Synovus is an Equal Opportunity Employer committed to fostering an inclusive work environment.

Requirements

Bachelor's Degree in Business Administration, Finance, Accounting or related discipline or an equivalent combination of education and experience.
Two or more years of counterparty credit, capital markets related risk management, or credit analysis experience
Knowledge of financial accounting theory, methodology and logic
Ability to use department credit/lending systems and databases
Demonstrates strong analytical ability and attention to detail
Excellent verbal and written communication skills
Ability to meet reasonable deadlines and prioritization of workflow
Ability to use work flow tool
Proficiency using Microsoft Office software products

Responsibilities

Analyzes various types of public reporting (Y-9, call, 10-Q/K) and internal derivative and syndication/participation reports in order to create, delineate, and aggregate exposures across the enterprise. Understands CCR concepts such as Current Exposures, Potential Future Exposure, Wrong-Way Risk, Jump-to Default Risk, Credit Valuation Adjustment, Counterparty Close out, etc.
Assesses impact of activities on counterparty credit risk and incorporate new products/services into the CCR program.
Performs committee reporting for Capital Markets related activities, including CCR and market risk.
Applies knowledge of the credit/market/risk management processes to ensure the appropriate balance between company risk and customer/client focus and relationship is maintained.
Spreads financial statements and conducts loan portfolio research to determine credit quality of counterparties, including analysis of statistical data and financial statements, sensitivity analysis, industry analysis, management assessment, etc.
Ensures the consistent use of well supported and factual analyses and processes to determine and recommend risk ratings.
Follows standard operating procedures when preparing analyses, reports, and presentations for management review. Performs accurate spreading of historical financial statements.
Analyzes projections, free of repetitious spread numbers and superfluous narrative and represents a clear focus on the merits, risks, and mitigating factors accordingly.
Ensures each step of the process is in compliance with all company and regulatory guidelines, policies, procedures and methodology. Stays abreast of variations in laws across state boundaries as applicable.
Each team member is expected to be aware of risk within their functional area. This includes observing all policies, procedures, laws, regulations and risk limits specific to their role. Additionally, they should raise and report known or suspected violations to the appropriate Company authority in a timely fashion.
Performs other related duties as required.