Counterparty Credit Risk Senior Associate

Our Risk Management teams work to protect the safety and soundness of our systems and are responsible for identifying, managing, measuring and mitigating a spectrum of key risk types including credit, market, liquidity, systemic, operational and technology in all existing and new products, activities, processes and systems. 

Are you ready to make an impact at DTCC? 

Do you want to work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development? At DTCC, we are at the forefront of innovation in the financial markets.  We're committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact.  We foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.

Pay and 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). 

The Impact You will have in this role:

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.

Your Primary Responsibilities:

• Accountable for analyzing financial statements and applying credit experise 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

Qualifications:

• Minimum of 4-6 years of related experience
• Bachelor's degree preferred or equivalent experience

Talents Needed for Success:

• 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 effort to individually coach others.
• Builds collaborative teams across the organization.
• Communicates openly keeping everyone across the organization informed.

The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, and other considerations. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.