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, especially for banks and broker-dealers
Fundamental credit analysis skills; familiarity with CAMELS and other rating systems
In-depth understanding of regulatory rules and regulations
Responsibilities
Analyze financial statements to identify credit risks and assess trends in capital adequacy, profitability, and liquidity
Perform annual reviews and ongoing surveillance of member firms to determine creditworthiness
Gather requirements for the design of credit risk monitoring tools to enhance automation
Collaborate with internal departments such as Market Risk, Legal, and Compliance to ensure transparency in risk assessments
Review new member applications for financial compliance with DTCC requirements
Assess material events for potential enhanced surveillance actions
Adhere to CCR's risk-related policies and best practices
Benefits
Professional development opportunities
Collaborative work environment across multiple departments
Involvement with innovative credit risk monitoring tools and technological initiatives
Exposure to regulatory compliance processes
Dynamic role within the financial services industry
Full Job Description
Senior Credit Risk Associate
Location: McLean, VA | Dallas, TX | Tampa, FL | Jersey City, NJ Experience level: Mid-senior Experience required: 5 Years Education level: Bachelor's degree Job function: Finance Industry: Financial Services Total position: 1 Relocation assistance: No Visa : Only US citizens and Greencard holders
Job Description:
The Counterparty Credit Risk (CCR) 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
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
