Counterparty Credit Risk Associate
About The Position
The Counterparty Credit Risk team is primarily responsible for assessing the financial stability of DTCC's member firms by interpreting financial statements of banks, broker-dealers, and other financial firms. The team is responsible for a portfolio of member firms and is required to perform annual reviews and ongoing surveillance, as well as review new member applications. The team 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.
Requirements
- Minimum of 4 years of related experience
- Bachelor's degree preferred or equivalent experience
- Fosters a culture where honesty and transparency are expected.
- Stays current on changes in his/her own specialist area and seeks out learning opportunities to ensure knowledge is up-to-date.
- Collaborates well within and across teams.
- Communicates openly with team members and others.
- Resolves disagreements between colleagues effectively, minimizing the impact on the wider team.
Responsibilities
- Analyze financial statements and apply judgement to identify credit risks, mitigants, and trends in financial institutions' (e.g., banks, broker-dealers, etc.) capital adequacy, profitability, asset quality, and liquidity/funding management.
- Perform annual reviews and ongoing surveillance of member firms, with growing independence over time, to assess the creditworthiness of member firms and identify member firms that need to be subjected to additional surveillance or mitigants.
- Assist with credit risk monitoring tools, automation, and other risk-related initiatives.
- Collaborate with internal departments such as Market Risk, Product Management, Relationship Management, Legal, and Compliance, such as to share information on risk exposures to member firms.
- Review new member full-service applications to assess whether the applicants' financial condition meets DTCC member requirements.
- Apply experienced understanding of DTCC's business, CCR's processes, and the risk environment.
- Demonstrate values, including adherence to risk-related policies, regulatory awareness, and a risk management mindset.
- Responsible for a portfolio of less complex counterparties.
- Aligns risk and control processes into day to day responsibilities to monitor and mitigate risk; escalates appropriately
Benefits
- Competitive compensation, including base pay and annual incentive
- Comprehensive health and life insurance and well-being benefits, based on location
- Pension / Retirement benefits
- Paid Time Off and Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
- DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
Number of Employees
1,001-5,000 employees
