Counterparty Credit Risk Associate

Counterparty Credit Risk Associate

Requirements

• Minimum of 4 years of related experience
• Bachelor’s degree preferred or equivalent experience

Responsibilities

• Analyze financial documents 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 mentality.
• Responsible for a portfolio of less complex counterparties.
• Aligns risk and control processes into day to day responsibilities to monitor and mitigate risk; raises appropriately.

Preferred Qualifications

• Fosters a culture where honesty and transparency are expected.
• Stays current on changes in respective 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.