Office Status : Hybrid
Salary : Up to $185,000
Responsibilities :
- Manage the day-to-day counterparty limit monitoring process by tracking risk metrics against approved limits, addressing limit breaches, and following up on remediation efforts with front-line teams, and other stakeholders across derivatives and cash trading desks.
- Drive discussions with analytics, model validation, IT, and other stakeholders to track, prioritize, and resolve counterparty credit risk (CCR) issues, improving the overall CCR framework.
- Lead initiatives to align the firm’s CCR framework with industry best practices and regulatory requirements. Serve as a subject matter expert on SR11-10 and BCBS guidance regarding CCR, drafting relevant policies and procedures.
- Effectively communicate with team members, senior risk management, and audit on strategies related to open issues, testing results, corrective measures, and closure of audit / regulatory issues.
- Represent the CCR team in firmwide initiatives, including the RCSA process, new product evaluations, and drafting technical requirements for system enhancements.
- Identify opportunities for process improvements, aiming to reduce risks, enhance controls, and improve communication across teams.
- Assist or lead special projects related to departmental strategic initiatives or any other tasks.
- Develop and maintain strong working relationships with Front Office, Operations, Middle Office, Risk, Legal, Compliance and other stakeholders, ensuring alignment on risk appetite and tools to improve the CCR framework.
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