Job DescriptionThe 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. 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 expertly analyzing financial statements and applying advanced credit expertise and judgement to identify credit risks, mitigants, and trends in financial institutions' (e.g., banks, broker-dealers, etc.).
- Apply advanced credit knowledge to 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 drive the design of credit risk monitoring tools, automation, and other risk-related initiatives.
- Foster productive relationships with internal departments (Market Risk, Product Management, Relationship Management, Legal, and Compliance, etc.), including senior staff of those departments.
- Analyze complex new member full-service applications to assess the applicants' financial condition, ability to meet DTCC member requirements, and key risk concerns and mitigants.
- Apply and demonstrate to colleagues an advanced understanding of DTCC's business, CCR's processes, and the risk environment.
- Demonstrate and encourage colleagues to follow values, including adherence to risk-related policies, regulatory awareness, and promoting a risk management mindset.
- Demonstrate advanced understanding of specialized credit risk discipline and understanding of other disciplines and own a portfolio of complex counterparties.
- Assist in CCR's effort to produce high-quality training for CCR staff and other internal departments.
- Mitigates risk by following established procedures and monitoring controls, spotting key errors and demonstrating strong ethical behavior.
Qualifications:- Minimum of 8 years of related experience
- Bachelor's degree preferred or equivalent experience
Talents Needed for Success:- Serves as a trusted coach or mentor within 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.
