Counterparty Credit Risk Senior Associate

DTCC • Coppell, TX

7d • Hybrid

About The Position

Systemic Risk is defined as the risk that the effect of adverse events within the broadly defined financial services industry, including the financial industries critical infrastructures, caused by members or inflicted through external channels, are transmitted across the industry, markets, products and or structures. Counterparty Credit Risk 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 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 6 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.
• Invests in effort to individually coach others.
• Build collaborative teams across the organization.
• Communicates openly keeping everyone across the organization informed.

Responsibilities

• Accountable for analyzing financial statements and applying credit expertise and judgement to identify credit risks, mitigants, and trends for financial institutions’ (e.g., banks, broker-dealers, etc.).
• Independently perform annual reviews and ongoing surveillance of member firms to assess their creditworthiness and proactively identify member firms that need to be subjected to additional surveillance or mitigants.
• Apply advanced credit knowledge to assist with the design of credit risk monitoring tools, automation, and other risk-related initiatives.
• Collaborate and develop relationships with internal departments (Market Risk, Product Management, Relationship Management, Legal, and Compliance, etc.), including senior staff of those departments.
• Analyze new member full-service applications to assess whether the applicants’ financial condition meets DTCC member requirements.
• Apply an advanced understanding of DTCC's business, CCR's processes, and the risk environment.
• Demonstrate values across the team and for junior department members, including adherence to risk-related policies, regulatory awareness, and promoting a risk management mindset.
• Responsible for a portfolio of more complex counterparties.
• Aligns risk and control processes into day-to-day responsibilities to monitor and mitigate risk; escalates appropriately.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior