• The Counterparty Credit Risk (CCR) team is primarily responsible for assessing the financial stability of member firms by interpreting financial statements of banks, broker-dealers, and other financial firms.
• As a Senior Credit Risk Associate within the CCR team, you will be responsible for assessing the creditworthiness of a portfolio consisting of banks, broker-dealers, and other financial institutions.
• You will perform annual reviews and ongoing surveillance, review earnings releases, and new member applications.
• You will also be tasked with maintenance of the credit risk rating matrix, and compliance assessment with established financial parameters.

Responsibilities:

• Analyze financial statements to identify credit risks and mitigants, and to assess trends in financial institutions’ (e.g., banks, broker-dealers, insurance companies, central securities depositories, etc.) capital adequacy, profitability, asset quality, and liquidity/funding management
• Perform annual reviews and ongoing surveillance of member firms across clearing corporations, to assess the creditworthiness of member firms.
• Participate in gathering requirements for the design of credit risk monitoring tools to further automation and other risk-related initiatives.
• Work with internal departments, including Market Risk, Product Management, Relationship
• Management, Legal, and Compliance, to maintain transparency when assessing potential risk exposures within member firms.
• Review new member full-service applications to assess whether the applicants’ financial condition meets DTCC member requirements.
• Assess whether member firms need to be placed on enhanced surveillance based on newly disclosed material events.
• Adhere to risk-related policies and best practices of CCR.
• Demonstrate the behaviors and competencies that create a risk management mindset in the organization.
• Demonstrate regulatory awareness and compliance and ensure adherence to risk-related policies and best practices.
• Ensure compliance with CCR’s policies and procedures.

Qualifications:

• Bachelor’s degree in Accounting, Finance, Business, or Economics required, MBA or CFA preferred
• Minimum of 5 years’ experience in risk management or financial analysis
• Excellent knowledge of financial statement analysis for various financial institutions, particularly banks and broker-dealers
• Fundamental credit analysis skills, including knowledge of CAMELS and other rating systems
• In-depth understanding of regulatory rules and regulations

Additional Qualifications:

• Experience in working with new technological initiatives and setting forth business requirements
• Effective communication skills, both oral and written