Overview

Credit Risk Management (CRM) evaluates credit risk transactions and approves, rejects or modifies them considering the availability and appropriateness of arrangements for reducing risk or risk mitigation. The department also assigns Internal Credit Ratings; establishes and manages credit risk limits in accordance with the risk tolerance established by the Board; monitors and reports on credit risk exposures on a regular basis to the Chief Risk Officer and senior management. CRM also interacts with business units to ensure that credit risk assessments are factored into business decisions.

Primary Responsibilities

  • Leading internal and regulatory stress testing program for counterparty risk, including but not limited to identification of counterparty credit risk issues and concentrations, stress methodology development, infrastructure strategy, documentation drafting and review, quality assurance and internal communication
  • Analyzing risk trends and concentrations in the global counterparty risk portfolio
  • Coordinating with counterparty risk coverage officers to identify, review and maintain the inventory of material counterparty risks
  • Working with Risk’s central stress testing and Risk Analytics teams to develop stress testing scenarios that address the firm’s unique counterparty risk vulnerabilities
  • Reviewing and interpreting stress testing results to facilitate decision making and communication to senior management and key stakeholders
  • Assessing and promoting compliance with regulatory requirements around counterparty credit risk stress testing
  • Developing counterparty risk reporting for senior management
  • Representing counterparty credit risk team in various governance bodies and cross-functional meetings

QUALIFICATIONS

Skills required (essential)

  • Bachelors or Advanced Degree in Finance, Accounting or relevant field
  • 7-10 years of relevant financial services experience
  • Strong knowledge of derivatives and other capital markets products
  • Credit analysis experience
  • Ability to drive complex, cross-functional projects
  • Superior written and verbal communication skills
  • Critical reading, writing, communication skills
  • Ability to multi-task and operate in a fast-paced, dynamic financial services environment

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